Brazil

Monday, July 29th 2019 - 09:57 UTC
EU warns Argentina and Brazil on credit agencies ratings regulations

The European Commission will deem that Canada, Brazil, Singapore, Argentina and Australia don't regulate credit ratings agencies with the same rigor as the EU, the Financial Times reported on Sunday, citing a document. The decision would withdraw some market access rights of the country, removing a status that makes it possible for European banks to rely on the ratings.
Monday, July 29th 2019 - 09:36 UTC
Two Iranian vessels are refueled by Petrobras and leave loaded with corn

Two Iranian ships stranded off the coast of Brazil for weeks set sail on Saturday, officials said, after a court ordered state oil giant Petrobras to fuel up the vessels. The bulk carriers had been stuck at Paranagua port in the southern state of Parana since early last month after Petrobras refused to provide fuel for fear of breaching US sanctions on Iran.
Monday, July 29th 2019 - 09:33 UTC
China/Brazil celebrate stable and mature relations on the 45th anniversary of diplomatic ties

China-Brazil relations, which are already “stable and mature,” could be further strengthened in the future, experts said last Friday during a seminar marking the 45th anniversary of China-Brazil diplomatic ties.
Monday, July 29th 2019 - 09:10 UTC
 Brazilian police arrest suspect of gold shipment theft at Sao Paulo airport

Brazilian police said on Sunday they arrested one person and are seeking an arrest warrant for another in connection with the theft of a gold shipment at São Paulo’s international airport on Jul 25.
Saturday, July 27th 2019 - 09:43 UTC
Brazil and Beijing get along smoothly: “we never had an issue with China”

Brazilian foreign minister Ernesto Araujo batted away concerns about Brazil's relations with China, its biggest trade partner, during the BRICS summit hosted by Brazil. Many had feared ties could rupture under newly-elected President Jair Bolsonaro, whose previous criticisms of Beijing and fervent admiration of US President Donald Trump are shared by Araujo.
Saturday, July 27th 2019 - 09:39 UTC
BRICS' ministerial summit can't agree on Venezuela, despite “people's cries for freedom”

Brazil's Foreign Minister Ernesto Araujo on Friday pleaded with the country's partners in the BRICS group of emerging economies to heed the “cries” of Venezuelans and work together to end the crisis.
Friday, July 26th 2019 - 10:06 UTC
China/Brazil meeting: “pragmatism will prevail” anticipate Bolsonaro hard liners

Brazil's foreign minister has made clear that there is no love lost for Beijing on his part, but when he sits down with his Chinese opposite for the first time on Thursday analysts expect pragmatism to prevail.
Friday, July 26th 2019 - 09:56 UTC
Brazil's highest court orders Petrobras to refuel two Iranian grain vessels

Brazil’s top court on Thursday ordered state-run oil company Petrobras to refuel two Iranian grain vessels stranded on the Brazilian coast due to U.S. sanctions holding up sales of fuel needed for their return trips.
Friday, July 26th 2019 - 09:53 UTC
Brazil stimulus plan will allow workers to withdraw money from severance fund

Brazil hopes to inject US$ 11.2 billion into its slowing economy after announcing a plan Wednesday to put some extra cash in the pockets of workers. Workers will be allowed to withdraw up to 500 reais (US$ 133) this year and a certain percentage in 2020 from a severance fund that employers are required to pay into.
Friday, July 26th 2019 - 09:49 UTC
Petrobras sells off a majority share of its distribution branch

Brazilian oil giant Petrobras says it’s already sold off its majority share in its fuel distribution branch, and hopes the total sale will raise about US$ 2.5 billion. Petrobras said on Wednesday it now has a 41.25% stake in the Petrobras Distribuidora unit, down from the 70% before the sale started Tuesday.