Annual consumer price inflation in Brazil rose to 4.9% in April, government statistics agency IBGE said on Friday, the highest in over two years and further above the central bank's end-year target of 4.25%.
Brazil's ex-president Michel Temer handed himself into police in Sao Paulo on Thursday, the day after a court ordered his return to prison. Temer, 78, arrived at federal police headquarters in Sao Paulo in a convoy of vehicles, two hours before a deadline.
The European Union and Mercosur will likely close a trade agreement in the near future, Brazil’s Foreign Trade Secretary Lucas Ferraz said in an interview with Bloomberg. “We’ve never been so close,” Ferraz said adding, “we’ve advanced more in four months than in 20 years”.
Developers have presented more than 150 proposals for power plants ahead of an auction this month to supply electricity to the Brazilian state of Roraima, which has struggled with a rash of blackouts due to reliance on the shaky Venezuelan power grid.
Brazilian lawmakers dealt a blow to the country's graft-busting Justice Minister Sergio Moro on Thursday, when a congressional committee voted to transfer a key tool for monitoring financial transactions to the recently formed Economy Ministry.
Shell plans to invest as much as US$2 billion annually in its Brazilian operations by 2025, Shell’s chief executive officer Ben van Beurden told Brazilian business daily Valor Economico in an exclusive interview published on Thursday.
Brazil’s right-wing President Jair Bolsonaro will speak at a foreign affairs event in Texas next week, organizers said, after he cancelled a heavily criticized visit to New York City.
Eight former Brazilian environment ministers blasted new right-wing President Jair Bolsonaro and his administration in a letter on Wednesday, saying it is dismantling the country's environmental protections.
Brazil's central bank held fire on interest rates on Wednesday despite lackluster growth in Latin America's biggest economy and uncertainty over President Jair Bolsonaro's ability to push through a much-needed pension reform.
Former President Michel Temer was ordered to return to jail by a federal judge on Wednesday while he is investigated in several cases of alleged corruption. Temer’s lawyer, Eduardo Carnelos, told Globo Television that he could only “lament” the court’s decision. He said Temer would have to present himself to authorities Thursday.