Brazil

Monday, December 16th 2019 - 09:50 UTC
Brazil's basic interest rate at an all time low of 4.50%

Brazil's central bank cut its benchmark Selic interest rate to an all-time low of 4.50% this week but indicated that with borrowing costs so low and economic growth starting to pick up, it may mark a pause in the easing cycle, if not the end.
Monday, December 16th 2019 - 09:32 UTC
Brazil opens trade mission in Jerusalem, vows to move embassy there by 2020

Brazil Sunday opened a trade office in Jerusalem, in what was perceived as a step towards finally moving the country's embassy in Israel to the iconic city. The opening ceremony was presided over by Deputy Eduardo Bosonaro, son if President Jair Bolsonaro.
Sunday, December 15th 2019 - 22:55 UTC
Embraer's newest 2nd generation jet takes to the skies

Embraer's E175-E2 (second generation, that is) Saturday made its maiden flight from the company's facilities in São José dos Campos, starting a certification process which may take up to two years, it was announced.
Saturday, December 14th 2019 - 08:27 UTC
Cabo Verde Airlines launched regular flights between Sal Island and Porto Alegre, Brazil

The inaugural flight between Porto Alegre and Sal took place this Thursday, December 12th, departing from Salgado Filho Airport at 08.55 pm, local time, and arriving at Amílcar Cabral International Airport at 07.55 am, local time.
Thursday, December 12th 2019 - 15:01 UTC
Petrobras awards long-term FPSO contract to Dutch operators SBM Offshore

The Dutch company SBM Offshore has been awarded a much-coveted long-term FPSO contract by Petrobras, it was announced Wednesday.
Thursday, December 12th 2019 - 03:24 UTC
Bolsonaro calls climate activist Greta Thunberg “a brat” over Tweeter posting

Brazilian President Jair Bolsonaro Tuesday dubbed activist Greta Thunberg “a brat” after the 16-year-old Swede denounced the murder of two indigenous people in the Amazon region and pointed fingers at illegal deforestation.
Wednesday, December 11th 2019 - 03:10 UTC
Argentine president anticipates a close relationship with Brazil, no matter rulers' personal differences

Argentine president Alberto Fernández announced support for Mercosur and anticipated a joint ambitious all embracing agenda with Brazil, based on shared fraternal history and which he underlined is far beyond any personal difference of current rulers.
Tuesday, December 10th 2019 - 17:25 UTC
Brazilian VP attends presidential inauguration in Argentina, calls for mutual help

Brazil's Vicepresident Hamilton Mourao Tuesday said in Buenos Aires that his country and Argentina must help each other as he attended President Alberto Fernández' inauguration after news reports had heralded the Jair Bolsonaro administration was not sending any dignitaries for the occasion.
Monday, December 9th 2019 - 09:56 UTC
Brazil will send no delegate to Argentine president Fernandez inauguration, media reports

Brazil’s government scrapped plans to send a delegate to Alberto Fernandez’s inauguration ceremony in Argentina, representing an escalation in tensions between South America’s top economies.
Saturday, December 7th 2019 - 09:45 UTC
Bolsonaro and minister Moro clearly lead presidential opinion polls

If elections were held today in Brazil, president Jair Bolsonaro would be the clearly re-elected with the exception of two scenarios, if facing ex-president Lula da Silva, and current Justice minister Sergio Moro, according to a public opinion poll contracted by the magazine Veja.