Brazil

Tuesday, January 28th 2020 - 08:15 UTC
Reformist Brazil: government procurement contracts will be open to foreign companies

Brazil’s government is changing the rules to give foreign companies an equal shot at winning government contracts, the Economy Ministry said on Monday. Economy Minister Paulo Guedes has pledged to fight corruption and open up one of the world’s most protected countries to foreign business and the overseas investment necessary to modernize Brazil’s crumbling infrastructure.
Tuesday, January 28th 2020 - 08:09 UTC
Brazil willing to discuss with OPEC, but not prepared to join the cartel

Brazil has decided to stay out of OPEC for the time being as it seeks to expand its oil production, according to media reports quoting energy minister Bento Albuquerque. “The idea is just to increase our production and to participate more in the international oil and gas market,” Albuquerque said in an interview.
Tuesday, January 28th 2020 - 07:43 UTC
Boeing's purchase of Embraer clears Brazilian antitrust regulator hurdle

Technical staff at Brazilian antitrust regulator Cade on Monday approved Boeing Co's purchase of Embraer SA's commercial aviation division without restrictions, according to a statement on the agency's website.
Monday, January 27th 2020 - 07:45 UTC
India and Brazil sign accords in fifteen different sectors

India and Brazil have signed 15 accords aimed at forging closer ties between the two emerging market giants across a range of sectors, especially defense, both countries’ leaders tweeted on Saturday.
Monday, January 27th 2020 - 07:33 UTC
Catastrophic rainstorms and floods in central Brazil: at least 50 deaths

At least 50 people have died in Brazil and more than 25,000 have been displaced due to widespread flooding following storms and heavy rains that have swept across the southeast of the country, authorities said on Sunday.
Friday, January 24th 2020 - 08:45 UTC
Brazilian government finances rapidly improving; primary budget deficit could be eliminated by 2022

The Brazilian government's interest payment bill on the national debt could fall by 417 billion reais (some US$ $100 billion) over the course of its four-year term ending in 2022, by which time the primary budget deficit could also be completely eliminated, a senior Economy Ministry official said on Thursday.
Friday, January 24th 2020 - 08:44 UTC
Record oil production in Brazil during 2019

By Irina Slav for Oilprice.com – Brazil produced more than 1 billion barrels last year, the first time it has breached the 1-billion-barrel mark, according to reports from the country’s oil regulator, ANP. The daily average stood at 3.106 million bpd, up 7.78% on 2018, ANP also said.
Friday, January 24th 2020 - 08:42 UTC
Brazil and India discuss reciprocal trade, poultry, sugar, ethanol

Brazil wants India to cut its import taxes on chicken and chicken products, so it can cash in on India’s burgeoning demand for poultry and poultry products as incomes rise and food habits change.
Friday, January 24th 2020 - 08:40 UTC
Bolsonaro chief guest at India's Republic Day celebration

The government of India on Thursday defended its decision to invite Brazilian President Jair Bolsonaro to be the chief guest at the Republic Day celebrations, with a senior official saying he is an elected leader of a democratic country.
Thursday, January 23rd 2020 - 08:37 UTC
Eclectic Bolsonaro declares he would no longer speak to journalists, following criticism from reporters union

A frequent and fiery critic of Brazil's media, President Jair Bolsonaro declared on Wednesday he would no longer speak to journalists. Bolsonaro made the remarks outside his official residence in Brasilia where most mornings for the past year he has fielded questions from reporters and greeted fans.