Brazil

Saturday, December 7th 2019 - 09:39 UTC
Rising cost of meat pushes Brazil's November inflation to a high month-on-month increase

Brazilian consumer price inflation bounced back to seven-month highs in November from ultra-low levels the month before, led by the rising cost of meat and regulated prices like electricity, official figures showed on Friday.
Saturday, December 7th 2019 - 09:20 UTC
Brazil's growth stats for the 3Q expected to be revised upwards

Brazil’s statistics agency IBGE will revise the country’s third quarter GDP figures, it said, after upward revisions to export data this week suggested growth may have been stronger than first estimated.
Friday, December 6th 2019 - 09:50 UTC
Bolsonaro calls on Mercosur for a quick implementation of the trade agreement with the EU

Brazil’s President Jair Bolsonaro said on Thursday that Mercosur trade block needs to hurry up and implement agreements the group has negotiated.
Friday, December 6th 2019 - 09:50 UTC
Macri addresses the Mercosur summit for the last time

In what was his last international activity, outgoing president Mauricio Macri attended the 55th Mercosur leaders summit in Bento Goncalves, southern Brazil, which he described as a special diplomatic occasion for his administration's strive to put Argentina back in the wide world map.
Friday, December 6th 2019 - 09:49 UTC
Paraguay takes the chair of a quarrelsome strained Mercosur

Brazil on Thursday handed over the six-month rotating presidency of the Mercosur trade bloc (Southern Common Market) to Paraguay. During a ceremony at the bloc's 55th summit in Bento Goncalves, Brazil's president Jair Bolsonaro expressed confidence in his Paraguayan counterpart Mario Abdo Benitez and his leadership skills.
Friday, December 6th 2019 - 09:47 UTC
Fernandez sends friendly message to Bolsonaro; confirms Solá as foreign minister

Argentine president elect Alberto Fernandez confirmed Felipe Solá as his foreign minister and Daniel Scioli as ambassador in Brazil, following a meeting with a delegation of Brazilian lawmakers at his Buenos Aires headquarters. The Brazilian delegation was headed by the Lower House president, Rodrigo Maia.
Friday, December 6th 2019 - 08:52 UTC
Brazilian government optimistic about reforms and the economy's performance forecast

The Brazilian government’s commitment to getting public finances in order and maintaining strict fiscal discipline will lead to the country’s sovereign credit rating being upgraded, Treasury Secretary Mansueto Almeida said on Thursday.
Thursday, December 5th 2019 - 09:55 UTC
Trump's tariffs puts Brazil's Bolsonaro and Argentine president elect Fernandez in the same boat

The South American four-nation trade bloc Mercosur began a tense meeting on Wednesday reeling from US steel and aluminium tariffs and a spat between its two biggest members. Foreign ministers of Brazil, Argentina, Paraguay and Uruguay opened the two-day meeting in the southern Brazilian town of Bento Goncalves, paving the way for a head of state summit on Thursday.
Wednesday, December 4th 2019 - 09:47 UTC
Brazil approves the sale of cannabis-based products for medical use

Brazil's health watchdog on Tuesday approved the sale of cannabis-based products for medical use in pharmacies to people with a prescription. The regulation, which takes effect in the coming months, also allows for the manufacture of such products in a laboratory, the Brazilian Health Regulatory Agency (Anvisa) said in a statement.
Wednesday, December 4th 2019 - 09:40 UTC
Brazil celebrates: 0.6% expansion in third quarter: rebound of agriculture and industry

Brazil's economy expanded in the third quarter at its fastest pace since early last year, official data showed on Tuesday, with 0.6% growth over the previous quarter driven by a strong performance in agriculture and a sharp rebound in the industry.