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MercoPress, en Español

Montevideo, July 8th 2025 - 20:33 UTC

Brazil

  • Saturday, December 29th 2018 - 07:44 UTC

    Petrobras announces hedging program for diesel prices

    Petrobras will be able to keep diesel prices stable for “short periods” of up to seven days, while varying the frequency of price adjustments during times of high volatility.

    Brazil’s Petrobras has approved a hedging program for diesel prices in a bid to boost pricing flexibility, the state-run oil firm said in a filing on Friday. While Petrobras did not detail how its diesel hedging program would be structured, it said the move was similar to a measure taken in September, when the company introduced a hedging program for gasoline.

  • Friday, December 28th 2018 - 09:17 UTC

    Jerusalem controversy: Arab ministerial delegation plans to visit Bolsonaro in January

    “As previously stated during our campaign, we intend to transfer the Brazilian Embassy from Tel-Aviv to Jerusalem,” Bolsonaro wrote on Twitter on November

    An Arab ministerial delegation plans to travel to Brazil in January to convince the incoming Brazilian president, Jair Bolsonaro, not to relocate his country’s embassy from Tel Aviv to Jerusalem, an official Palestinian source said on Thursday. Bolsonaro announced in November that he intends to relocate the Brazilian Embassy in Israel to Jerusalem.

  • Friday, December 28th 2018 - 09:12 UTC

    Netanyahu will visit president elect Bolsonaro this Friday in Rio

    “I am happy that we can open a new era between Israel and this superpower called Brazil,” Netanyahu said on his departure

    Israel’s Prime Minister Benjamin Netanyahu has left on a historic six-day trip to Brazil, the first ever visit the largest Latin American country made by a sitting premier of the Jewish state. Besides boosting diplomatic and economic ties between the two countries, Netanyahu is scheduled to hold a one-to-one meeting with president-elect Jair Bolsonaro this Friday in Rio de Janeiro.

  • Thursday, December 27th 2018 - 09:20 UTC

    Brazil opens 100% ownership of Brazilian airlines to foreign investors

    Previously, non-Brazilians were limited to 20% of shares. The decision occurs in the midst of a bankruptcy proceeding filed by Avianca Brasil.

    Outgoing President Michel Temer issued an executive order that allows foreign groups to own 100% of a Brazilian airline. Previously, non-Brazilians were limited to 20% of shares. The decision occurs in the midst of a bankruptcy proceeding filed by Avianca Brasil.

  • Thursday, December 27th 2018 - 09:07 UTC

    Lithium boom anticipated in Brazil as reserves are developed in Minas Gerais

    ANM reports that 117 survey applications for lithium were filed by December. That's three times the amount of last year and ten times 2016 applications

    Favorable international demand and a recent discovery of lithium reserves in Brazil caused a rush for the metal, used in electrical batteries, reports the Folha de Sao Paulo. Two ongoing projects will elevate Brazil to the status of one of the world's largest lithium-producing countries in the next decade, according to data from the National Agency for Mining, ANM..

  • Thursday, December 27th 2018 - 05:27 UTC

    Cuba and Venezuela default on Brazilian development loans

    Following Venezuela and Mozambique, the Cuban government defaulted on its payments to BNDES, in a credit line insured by the Brazilian Treasury

    After defaults in Mozambique, Venezuela, and Cuba the Brazilian government froze credit lines for new exports, a measure that will affect mostly small and medium-sized businesses. The Brazilian Treasury Department will spend US$ 6 million to reimburse BNDES (National Bank For Economic and Social Development) for Cuba's default

  • Thursday, December 27th 2018 - 05:19 UTC

    Natanyahu will not be attending Bolsonaro's inauguration, reports O'Globo

    O Globo reported on Wednesday that Netanyahu decided to shorten his weeklong visit to just two days after the dissolution of the Knesset and elections on April 9

    Israel’s Prime Minister Benjamin Netanyahu will cut a visit to Brazil short, skipping incoming President Jair Bolsonaro’s inauguration.

  • Wednesday, December 26th 2018 - 08:55 UTC

    Petrobras plans to invest US$ 84bn mainly in pre-salt areas by 2023

    Around US$ 69bn of the planned investment will be channeled into the development of production in the pre-salt areas

    Petrobras has unveiled plans to invest US$ 84.1bn in deepwater exploration and production projects in Brazil, as well as raise $27bn through asset sales and partnerships by 2023. Around US$ 69bn of the planned investment will be channelled into the development of production in the pre-salt areas. Other key focus areas of investment include refining, transportation, trading, and natural gas and petrochemicals.

  • Wednesday, December 26th 2018 - 08:53 UTC

    Bolsonaro after Israel technology to water the parched northeast

    The president-elect said the idea is to begin building as soon as January “a pilot facility to draw brackish well water, desalinate it, and distribute it to family farms”

    Brazil's president-elect Jair Bolsonaro on Tuesday said he wants an agreement with Israel to build desalination plants in the parched north where droughts are frequent. In a message on Twitter, Bolsonaro, who is to take office on Jan. 1, said his appointed Science and Technology Minister Marcos Pontes will travel to Tel Aviv in January to meet with his Israeli counterpart over the matter.

  • Wednesday, December 26th 2018 - 06:51 UTC

    Market analyst views Argentina, Brazil on path to recovery in 2019

    Michael Hasenstab foresees Macri will be reelected in 2019.

    Argentina, Brazil and India lead the prospects of an economic recovery, according to Michael Hasenstab of Templeton Global Bond Fund Management.