Brazil

• Tuesday, November 27th 2018 - 15:18 UTC

  Sharp fall in Brazil's Petrobras fuel but not so fast at pumps

  

  The average price of gasoline at Petrobras' refineries has dropped around 20% in November as of Tuesday but that decrease will not hit retail prices anytime soon. The state-run petroleum company made the announcement Monday, but gas stations were reluctant to follow suit, at least not at the same level.

• Tuesday, November 27th 2018 - 09:51 UTC

  Bad start for Bolsonaro: Temer signs 16% pay raise for Justices, which is a benchmark for other public sector

  

  Brazil’s exiting President Michel Temer signed into law a 16% pay raise for Supreme Court justices on Monday, disregarding a request from his President-elect Jair Bolsonaro that he veto the bill to avoid increasing next year’s budget deficit.

• Tuesday, November 27th 2018 - 09:00 UTC

  Brazil Eyes US$ 30 Billion Offshore Oil Boom

  

  Over the past few years, Brazil has held several very successful oil auctions under production-sharing contracts in its pre-salt layer, attracting major oil companies to its prized offshore oil area.

• Tuesday, November 27th 2018 - 08:33 UTC

  Some 50 armed men storm a town and empty two banks in the north of Brazil

  

  A gang of some 50 armed individuals attacked on Sunday night two banks, as well as military and police barracks, in a city in the northeast of Brazil, burning vehicles and causing a shooting that left three suspects dead.

• Tuesday, November 27th 2018 - 08:15 UTC

  Lula accused of money laundering in dealings with Equatorial Guinea

  

  Brazil's jailed ex-president Lula da Silva's legal troubles mounted on Monday as he was accused by the Sao Paulo public prosecutor's office of money laundering in his dealings with Equatorial Guinea.

• Tuesday, November 27th 2018 - 08:03 UTC

  Brazil's Minerva and Alibaba agree on five-year beef supply deal to China

  

  Brazilian food company Minerva SA has signed memorandums of understanding with China's Alibaba and another five clients in the world's most populous nation to supply frozen beef for a period of five years.

• Monday, November 26th 2018 - 07:27 UTC

  Bolsonaro will not return Venezuelans: “they are fleeing a dictatorship supported by Lula and Dilma”

  

  President-elect Jair Bolsonaro said his government would not send back the tens of thousands of Venezuelans who have sought refuge in Brazil from the economic breakdown in their populist ruled homeland.

• Saturday, November 24th 2018 - 09:10 UTC

  Deforestation in the Amazon rainforest reaches highest level in a decade

  

  The destruction of Brazil's Amazon rainforest reached its highest level in a decade this year, government data released on Friday showed, driven by illegal logging and the encroachment of agriculture in the jungle.

• Saturday, November 24th 2018 - 09:05 UTC

  Lula, Dilma and several ministers formally accused of receiving corruption money

  

  Brazil has opened criminal proceedings against former leaders Lula da Silva and Dilma Rousseff for allegedly receiving bribes with money diverted from state-owned oil giant Petrobras. The Workers Party (PT) of the two ex-presidents has strongly denied the charges, calling them a “scandalous maneuver” with partisan motives.

• Saturday, November 24th 2018 - 08:36 UTC

  Extreme right philosopher nominated as Brazil's Education minister

  

  Brazilian president-elect Jair Bolsonaro has chosen Ricardo Vélez Rodriguez, a Colombian professor naturalized Brazilian, to be the next Minister of Education. The late Friday announcement happened on social media and is considered a bow to the evangelical Christian backers of the elected president.