Brazil

Monday, February 18th 2019 - 09:18 UTC
Brazilian soy crop estimate suffers small cut but corn is booming

Brazilian agribusiness consultancy Safras & Mercado announced a small cut in its projection for the country’s 2018/2019 soybean crop in a statement on Friday, as weather stopped worsening in key growing regions. Safras cut its projection to 115.402 million tons from a 115.718 million-toe forecast in January, as the effects of a drought that has stressed fields subsided.
Monday, February 18th 2019 - 08:50 UTC
Another Vale tailings dam in Brazil in collapse danger: 200 residents evacuated

Around 200 residents were evacuated from an area near a tailings dam in Brazil operated by Vale SA late on Saturday, amid fears that it was structurally weak and could burst like a similar barrier failure last month that killed some 300 people.
Saturday, February 16th 2019 - 10:26 UTC
Brazil arrests eight officials from mining giant Vale over the dam collapse

Brazilian authorities arrested eight employees of mining giant Vale on Friday over a dam collapse at one of its mines three weeks ago that killed at least 166 people and left 147 missing, presumed dead.
Friday, February 15th 2019 - 10:43 UTC
Yellow fever warning for travelers to Brazil

A recent disease outbreak news from the World Health Organization highlights that in Brazil it is currently the seasonal period for yellow fever and that further transmission of the disease is expected in the coming months based on seasonal patterns.
Friday, February 15th 2019 - 10:24 UTC
Agribusiness lobby in Brazil shows its muscle: US$ 52bn in subsidized farm loans

Brazil could double spending on subsidized farm insurance in 2020 and may expand subsidized loans, the country’s agriculture policy secretary said on Thursday; even though the new government’s economic team has pledged to cut spending.
Friday, February 15th 2019 - 10:03 UTC
“Call the kids to work for a unified government”, Brazilian vice-president tells president Jair Bolsonaro

Brazilian Vice President Hamilton Mourao said on Thursday that the president will have to rein in his sons after one of them called a minister a liar on social media, exacerbating tensions in a new government dealing with its first big cabinet scandal.
Thursday, February 14th 2019 - 10:09 UTC
Brazilian fresh chicken recalled because of salmonella contamination

Brazilian food processor BRF SA on Wednesday recalled almost 500 tons of fresh chicken products produced at its Dourados plant citing possible salmonella contamination, a securities filing showed.
Thursday, February 14th 2019 - 10:03 UTC
Global commodity trading firms investigated in Switzerland and by the FBI

Pressure is growing on global commodity trading firms with strong ties to Switzerland for their alleged involvement in the “Car Wash” corruption scandal in Brazil. The US Federal Bureau of Investigation is investigating two Vitol executives in the Americas, according to Reuters news agency.
Thursday, February 14th 2019 - 08:37 UTC
Bolsonaro back in Brasilia: government should get moving again

Brazil's President Jair Bolsonaro left hospital on Wednesday, ending a 17-day hiatus at the helm of Latin America's biggest economy during which several high-profile political issues were put on the backburner.
Wednesday, February 13th 2019 - 09:41 UTC
Stable low inflation and expansion forecasted by Brazilian financial market

Brazil's financial market has cut its forecast of the country's inflation rate from 3.94 to 3.87 percent for 2019 and kept the rate at 4% for 2020, the Central Bank of Brazil reported. According to the Focus survey conducted by the bank among Brazil's main financial institutions, the forecasts are within the official target of 4.25 percent, with a tolerance margin between 2.75 percent and 5.75 percent.