Brazil

• Friday, February 22nd 2019 - 09:19 UTC

  Bolsonaro's Senator son investigated by federal authorities for money laundering

  

  The senator son of Brazilian President Jair Bolsonaro is under investigation by federal authorities for money laundering in connection to unexplained increases in his net worth, the prosecutor general’s office said on Thursday.

• Friday, February 22nd 2019 - 09:12 UTC

  Brazil's Vale ordered to suspend more iron ore operations fearing dam breaks

  

  Brazil's mining agency (ANM) has ordered Vale to suspend operations at its Fabrica and Vargem Grande complexes, as part of an ongoing crackdown following last month's deadly dam break at the iron producer’s Corrego do Feijão mine.

• Thursday, February 21st 2019 - 08:44 UTC

  Bolsonaro presents to Congress his pensions overhaul... Where are the necessary votes?

  

  Brazilian President Jair Bolsonaro delivered his proposed pension overhaul to Congress on Wednesday, aiming to save over 1 trillion reais (US$270 billion) in a decade by changing tax rates, delaying retirement and creating individual savings accounts.

• Wednesday, February 20th 2019 - 09:34 UTC

  Latam Airlines expected to have a 51% controlling interest in Latam Brazil

  

  Chile’s LATAM Airlines Group SA has asked Brazil’s antitrust regulator Cade to boost its voting stake in LATAM Airlines Brazil to 51%, formalizing a controlling interest in Brazil’s No. 2 airline that for years it was unable to achieve because of local restrictions.

• Wednesday, February 20th 2019 - 09:17 UTC

  Ford closes oldest factory in Sao Paulo and exits heavy trucks business in Brazil

  

  Ford Motor Co. said on Tuesday it will close its oldest factory in Brazil and exit its heavy commercial truck business in South America, a move that could cost more than 2,700 jobs as part of a restructuring meant to end losses around the world. Ford previously said the global reorganization, to impact thousands of jobs and possible plant closures in Europe, would result in US$11 billion in charges.

• Tuesday, February 19th 2019 - 09:42 UTC

  IBM to launch research center on Artificial Intelligence in Sao Paulo

  

  IBM is set to launch a research center in the Brazilian city of São Paulo focused on development of solutions around artificial intelligence. The AI center will be the first Latin American institution of IBM's AI Horizons Network. It will be jointly run by the company and the São Paulo Research Foundation (FAPESP) to pursue “a disruptive research program”, with the potential to “promote paradigm shifts in AI.”

• Tuesday, February 19th 2019 - 08:39 UTC

  Brazil bans upstream mining dams following the Brumadinho disaster that killed 300

  

  Brazil's government on Monday banned new upstream mining dams and ordered the decommissioning of all such dams by 2021, targeting the type of structure that burst last month in the town of Brumadinho, killing hundreds of people.

• Tuesday, February 19th 2019 - 08:25 UTC

  Bolsonaro fires head of president's office: “difference of opinion on important issues”

  

  Brazilian President Jair Bolsonaro on Monday fired one of his most senior aides and cabinet members, Gustavo Bebianno, amid a scandal involving campaign financing for some of his party's congressional candidates. Bebianno was secretary general of the president's office.

• Monday, February 18th 2019 - 09:57 UTC

  Bolsonaro learning the hard way: family and politics don't mix

  

  Brazilian President Jair Bolsonaro, one of his politician sons and his ultraconservative party were embroiled in a crisis on Sunday over a campaign finance scandal threatening the leader's anti-corruption image. The 63-year-old far-right president, who is just six weeks into his mandate, spoke with top officials in his government on Friday and Saturday to try to draw a line under the affair, after key allies turned on him.

• Monday, February 18th 2019 - 09:26 UTC

  Petrobras settling financial disputes: agrees to pay petroleum regulator US$ 940m

  

  Brazil state-run oil firm Petrobras said it had concluded a long-running dispute with the country’s ANP petroleum regulator, agreeing to pay 3.5 billion reais (US$ 940 million) to end an oil-royalty spat.