Brazil

• Friday, February 7th 2020 - 09:51 UTC

  “Falklands much closer to Brazil after the second flight”, UK ambassador

  

  The British ambassador to Brazil, Vijay Rangarajan, this week said the second flight will bring the Falkland Islands closer to Brazil, describing it as a potential engine to help drive links between the two countries.

• Friday, February 7th 2020 - 09:49 UTC

  Bolsonaro presents controversial bill opening indigenous lands mostly in the Amazon

  

  Brazilian president Jair Bolsonaro introduced a controversial Bill that opens up indigenous lands, many of them in the Amazon, to mining, agricultural activities and hydraulic energy production. The conservative president described the measure, which still needs approval in Congress, as a “dream” while indigenous leaders have labelled it a “genocide Bill.”

• Friday, February 7th 2020 - 09:37 UTC

  Brazil approves quarantine rules for nationals returning from China

  

  Brazil's lower house of Congress late approved a bill laying out rules for the quarantine of Brazilian nationals returning from China who may be infected with coronavirus, as well as other measures to combat the disease. The measures will be in force as long as the public health emergency declared by the World Health Organization is in place.

• Friday, February 7th 2020 - 09:35 UTC

  Brazil's development bank BNDES sells shares in Petrobras

  

  Brazil's development bank BNDES sold US$5.2 billion in common shares it owned in state-controlled oil company Petrobras. The company priced the offering at 30 Reais per common share, a discount of 1.57% relative to Wednesday's closing price. BNDES sold 22 billion reais in shares.

• Friday, February 7th 2020 - 09:35 UTC

  Brazilian higher court for labor rules in favor of Uber: no employment relation between the company and drivers

  

  A Brazilian higher court for labour ruled this week that there was no employment relationship between Uber and its drivers, siding with the ride-hailing company against a Sao Paulo driver. The federal judge in Brasilia ruled against recognizing an employer-employee link, arguing that Uber drivers can disconnect at any time from the app and have a flexible work schedule.

• Thursday, February 6th 2020 - 08:17 UTC

  Brazilian central bank cuts interest rate to 4.25%, but the easing cycle could be coming to an end

  

  Brazil’s central bank intends to hold interest rates going forward to consider the impact of the record-breaking monetary easing cycle it concluded on Wednesday with a quarter-point cut.

• Wednesday, February 5th 2020 - 07:18 UTC

  Consolidation and a FPSO platform in Brazil's Campo Basin

  

  Brazil’s PetroRio SA has acquired a floating oil and gas platform type FPSO OSX-3 for US$140 million and 80% of the Tubarão Martelo oil field where the vessel is located, the field’s previous owner Dommo Energia SA said.

• Wednesday, February 5th 2020 - 07:15 UTC

  Brazilian meat industry confident the situation in China will boost demand for Mercosur poultry and beef

  

  Brazil’s meat industry association ABPA said a “perfect storm” of health and food security concerns in China promises to drive up demand for Mercosur meat, giving Brazilian meatpacker shares a boost.

• Wednesday, February 5th 2020 - 07:10 UTC

  Brazil posts trade deficit in January, the first in five years: exports dropped 20%

  

  Brazil posted a trade deficit of US$1.745 billion in January, official data showed on Monday, the first shortfall for the month of January in five years and an indication that trade might continue to be a drag on overall economic growth.

• Tuesday, February 4th 2020 - 07:15 UTC

  Mexico targeting the “very closed” Brazilian economy expects to negotiate a trade deal

  

  Mexico is negotiating with Brazil to expand economic cooperation and believes it can find areas of mutual benefit even though the Brazilian economy is “very closed,” Economy Minister Graciela Marquez said on Friday.