Brazil

Monday, April 27th 2020 - 07:45 UTC
Collapse of Boeing deal plunges Brazilian plane maker Embraer into an uncertain future

Brazilian planemaker Embraer SA has been thrust into an uncertain future with no immediate plan B, while not ruling out seeking a bailout after Boeing Co jettisoned a US$ 4.2 billion commercial aerospace tie-up amid the coronavirus crisis.
Saturday, April 25th 2020 - 08:57 UTC
Brazil in turmoil following the resignation of Moro complaining of “political interference” from Bolsonaro

Sergio Moro, Brazil's justice and security minister resigned on Friday after clashing with President Jair Bolsonaro over the sacking of the federal police chief. Moro, a former anti-corruption judge, hit out at “political interference” in the federal police, saying he could not do his job without “autonomy” for the force.
Saturday, April 25th 2020 - 08:50 UTC
Brazilian stocks plunge 9.6% and the Real sets a new record low

Brazilian stocks sank as much as 9.6%, and the Real slid to new lows on Friday as political turmoil in the country added to mounting concerns over the coronavirus outbreak, while risk aversion ravaged Latin American markets.
Friday, April 24th 2020 - 08:42 UTC
Falklands/Chile commercial airlink will remain suspended until June

While the Atlantic Airbridge between the Falkland Islands and Brize Norton continues to service normally and is crucial for sending swab tests to labs in the UK, the two commercial flights to the Islands, one from Chile and the most recent from Brazil remain suspended.
Friday, April 24th 2020 - 08:33 UTC
Brazil's Justice minister Moro threatens to resign if Bolsonaro changes head of the Federal Police

Brazilian Justice Minister Sergio Moro has threatened to resign if President Jair Bolsonaro goes ahead with plans to change the head of the federal police, according to reports in the daily O Estado de Sao Paulo. Moro insists it is the Justice minister that must appoint the Federal Police chief.
Friday, April 24th 2020 - 08:28 UTC
Brazil's Real remains at record low: overstretched budget and another interest rate cut next week

Brazil's Real eyed a fresh record low on Thursday, while other Latin American currencies were muted as markets mulled over increasingly dire economic readings due to the coronavirus.
Friday, April 24th 2020 - 08:25 UTC
With oil royalties plummeting, Rio state challenged by investment funds

Already grappling with one of Brazil’s most severe outbreaks of the novel coronavirus and a budget deep in the red, Rio de Janeiro state faces a potential threat to its solvency at the hands of investment giants PIMCO and Dodge & Cox.
Friday, April 24th 2020 - 07:08 UTC
Indonesia opens market for beef imports from Argentina and Brazil

Indonesia has issued permits to import 20,000 tons of beef from Brazil or Argentina, the Trade Ministry’s director-general of domestic trade, Suhanto, told parliament on Thursday
Thursday, April 23rd 2020 - 10:52 UTC
Brazil orange juice 2019/20 harvest exports increased 18% in volume and 6% in value

Total Brazilian orange juice exports (FCOJ Equivalent to 66º Brix) registered an 18% increase in the first nine months of the 2019/20 harvest compared to the same period in the previous harvest. A total of 861,700 tons were shipped during the period, compared to 732,048 tons during the same period of the 2018/19 harvest. Revenues increased 6% to a total of US$1.445 billion compared to US$1.369 billion in the previous harvest.
Thursday, April 23rd 2020 - 09:20 UTC
Brazilian currency falls to an all-time low of 5,40 to the US dollar; this year it has lost 25% of its value

Brazil’s Real fell on Wednesday to a fresh all-time low close to 5.40 per dollar, as expectations intensified that the central bank will cut interest rates significantly in the coming weeks to combat the coronavirus-fueled economic crisis.