Brazil

Thursday, April 4th 2019 - 09:41 UTC
Petrobras finally shows positive results and with strong growth prospects

Petrobras has finally announced a positive annual result, five years after the Lava Jato corruption probe left the Brazilian state-controlled company with spiraling debts. The firm closed the year with a US$ 25.8bn net profit, the highest figure in seven years, and a total of R$20.2bn (US$ 5.27bn) in asset sales.
Thursday, April 4th 2019 - 09:37 UTC
Outbreak of African swine fever in China, a great opportunity for pork producers

Brazil is in a position to step up pork exports to China where an African swine fever outbreak has become a “transformational event” for the global meat industry, Pedro Parente, chief executive of Brazilian food processor BRF SA, said on Wednesday.
Thursday, April 4th 2019 - 09:34 UTC
Combative exchanges as Brazilian congress debates the pensions' system reform

Brazilian Economy Minister Paulo Guedes on Wednesday put up a vigorous defense of the government’s proposed pension reform, insisting it is critical to fixing the country’s “doomed” social security system but opening the door to some concessions.
Thursday, April 4th 2019 - 09:30 UTC
Brazilian economy picking up but employment remains flat

Growth in Brazilian economic activity picked up to its strongest in over a year in March, driven by solid increases in domestic new orders across both the manufacturing and services sectors, IHS Markit Insight said on Wednesday.
Thursday, April 4th 2019 - 09:21 UTC
Weapons makers encouraged with the Brazilian market by pro-gun Bolsonaro

With its high murder rate and huge armed forces, Brazil has long been in the cross-hairs of foreign weapons makers. Now they have a powerful champion: pro-gun President Jair Bolsonaro. The right-wing former army captain, who relaxed gun ownership laws soon after taking power in January, has raised hopes among foreign firms that his next move will be easing investment restrictions on Brazil's 200 billion reais (US$55 billion) defense sector.
Thursday, April 4th 2019 - 09:18 UTC
Twin brothers in Brazil will have to pay paternity support for a girl

Twin brothers in Brazil are being forced to each pay child support after a paternity test was unable to confirm who the father of a newborn baby is. The identical twins refused to admit who the father of the baby girl was in an attempt to avoid making support payments.
Wednesday, April 3rd 2019 - 08:39 UTC
Brazil posts lower trade surplus in March with a strong rise in imports

Brazil posted a trade surplus of US$ 4.99 billion in March, the Economy Ministry said, significantly smaller than the same month a year ago thanks to a strong rise in imports. The trade surplus last month fell 22.3% to US$ 4.99 billion from US$ 6.42 billion a year ago, although that was up more than a third from February’s surplus of US$ 3.67 billion.
Tuesday, April 2nd 2019 - 10:00 UTC
Hundreds protest on Sunday in Brazilian cities: “dictatorship never again”

Hundreds of protesters chanting “dictatorship never again” took to the streets of Brazil's capital on Sunday for the 55th anniversary of the coup that established more than two decades of military rule.
Tuesday, April 2nd 2019 - 06:45 UTC
Bolsonaro becomes first head of state to visit the Western Wall with an Israeli premier

Brazilian President Jair Bolsonaro visited the Western Wall alongside Prime Minister Benjamin Netanyahu on Monday, becoming the first head of state to do so with an Israeli premier. The visit came after Bolsonaro, sworn in as Brazil's president on January 1, arrived for a three-day trip to Israel on Sunday.
Monday, April 1st 2019 - 09:00 UTC
Another Vale mining dam collapsed: no deaths reported and “no contamination”

Brazil has suffered another mining dam collapse, though this time there are no reports of dead or missing. The Rondonia state environment secretary says the dam in Oriente Novo gave way after a waterspout damaged its structure on Friday.