Brazil

Saturday, June 22nd 2019 - 09:39 UTC
The Economist: “Despite turmoil, Brazil is starting to fix its pension system”

Jair Bolsonaro, Brazil’s president, likes romantic metaphors. “Our marriage is stronger than ever,” he said in May after the press speculated that he was at odds with the economy minister, Paulo Guedes. “The marriage ended with no hard feelings,” he said this month after sacking Carlos Alberto dos Santos Cruz, a minister who had said that others in government should be more careful on social media—thus outraging Bolsonaro fans who tweet about the virtues of military rule and the horrors of homosexuality.
Saturday, June 22nd 2019 - 08:56 UTC
Brazilian evangelical pastor and husband of a lawmaker killed by two of 51 adopted children

Police in Brazil suspects an evangelical pastor, the husband of a prominent federal lawmaker, was shot dead this week by two of their 55 children following an extramarital “betrayal,” according to news reports on Friday.
Friday, June 21st 2019 - 09:55 UTC
Bolsonaro returns indigenous land claims to the Ministry of Agriculture

Right-wing President Jair Bolsonaro issued a new decree putting decisions on indigenous land claims in the hands of the Ministry of Agriculture, four weeks after Congress rebuffed him on the move that is sought by Brazil’s farm lobby.
Thursday, June 20th 2019 - 21:31 UTC
United Airlines reaches US$ 1.9bn deal with Embraer involving 39 E-175

United Airlines has signed twenty firm orders for the Brazilian manufacturer Embraer E-175, which is configured to seat 70 passengers, with an option to acquire 19 more E-175. Total value of the order was put at US$ 1.9 billion, based on the current list price for the aircraft.
Thursday, June 20th 2019 - 09:50 UTC
Bolsonaro insists with private savings accounts for the pensions' reform

Brazil’s congressional committee on pension reform began debating a revised bill, as president Jair Bolsonaro urged lawmakers to rethink their move to drop his plan to introduce a retirement system based on private savings accounts.
Thursday, June 20th 2019 - 09:49 UTC
Brazilian Justice minister Moro blames organized crime for the hacking of his messages

Brazilian Justice Minister Sergio Moro said on Wednesday that a criminal organization was responsible for leaks of his private messages as a federal judge, which raised questions about his ethics while overseeing a major corruption probe.
Thursday, June 20th 2019 - 09:20 UTC
Vale resumes full operations at Brucutu mine easing pressure on iron ore markets

Brazilian miner Vale SA said on Wednesday that it will fully resume operations at its Brucutu mine within 72 hours after an appeals court overturned an earlier ruling that halted processing because of concern about the safety of a nearby dam.
Thursday, June 20th 2019 - 08:50 UTC
Brazil central bank leaves benchmark rate at 6.50%; forecasts of 5.50% by December

Brazil’s central bank held its benchmark interest rate at a record-low 6.50% on Wednesday, as expected, holding back from signalling looser policy because of doubts on economic reforms. The scenario outlined by policymakers was one of anaemic economic growth and high levels of economic slack putting downward pressure on inflation at home, plus the prospect of interest rates coming down in major developed economies.
Wednesday, June 19th 2019 - 09:55 UTC
Sao Paulo court accepts Odebrecht recovery procedure; debts amount to US$ 22.3bn

A court in Sao Paulo on Tuesday accepted a request by Brazilian conglomerate Odebrecht to begin a corporate recovery procedure aimed at fending off bankruptcy at the scandal-tainted group.
Wednesday, June 19th 2019 - 09:46 UTC
Brazil Senate overturns Bolsonaro's decree allowing arms for self defense

Brazil’s Senate on Tuesday overturned a decree signed last month by right-wing President Jair Bolsonaro that drastically expanded the number of people allowed to carry weapons in public.