Brazil

Thursday, April 18th 2019 - 09:05 UTC
Toyota Brazil to build a Corolla sedan that runs on electricity, ethanol and gas

Japan’s Toyota Motor Corp said on Wednesday it will begin building a new version of the Corolla sedan in Brazil that will run on electricity, ethanol and gas, which it says will be the first vehicle of its kind in the world.
Thursday, April 18th 2019 - 08:22 UTC
Minister says pension reform will pass within four months, helping the Brazilian economy to grow by 3.5%

Brazil's economic growth may accelerate to a 3.5% annual rate in the second half of the year after the approval of pension reforms, Economy Minister Paulo Guedes said in an interview with TV channel Globo news.
Wednesday, April 17th 2019 - 09:55 UTC
China interested in more Brazilian meat and increasing investment

China is planning to allow more Brazilian meat imports following high-level talks set for May, the Chinese ambassador to Brazil said on Monday. Yang Wanming declined to comment on how many meat processing plants could be approved to export to China but said the issue would be discussed when Brazil Agriculture Minister Tereza Cristina Dias travels to China in May.
Wednesday, April 17th 2019 - 09:53 UTC
Another scandal brewing in Brazil? Supreme Court silences critics: search and seizure in a news website

Brazil’s Supreme Court drew fire on Tuesday for silencing its critics with a confidential criminal case targeting the press, pundits on social media and even a retired Army general close to President Jair Bolsonaro.
Wednesday, April 17th 2019 - 09:40 UTC
Brazil announces financial package to avoid a truckers' strike

The government of Brazilian President Jair Bolsonaro announced on Tuesday a financial package aimed at staving off a potential truckers' strike. Chief of Staff Onyx Lorenzoni said the Brazilian Development Bank will be providing US$ 128 million in credit to truckers and that the Ministry of Infrastructure will spend US$ 514 million on improving roads.
Tuesday, April 16th 2019 - 09:16 UTC
Collapsed buildings in Rio's favelas were under protection of organized crime

Brazilian authorities say they knew about structural risks in the area where a pair of buildings collapsed but were unable to act due to the threat posed by organized crime.
Tuesday, April 16th 2019 - 09:03 UTC
Pele discharged from hospital after successful surgery

Pele was released from a Sao Paulo hospital on Monday, his Brazilian doctors said, two days after the football great had surgery to remove a kidney stone. The three-time World Cup winner was admitted to the Albert Einstein hospital last Tuesday, after returning from France where he had received treatment for a urinary tract infection.
Tuesday, April 16th 2019 - 08:59 UTC
Credit risk agencies lower Brazil's growth estimates for 2019

JPMorgan Chase & Co and Barclays became the latest financial institutions to lower their estimates for Brazil’s economic growth this year, on the back of weak activity data and increased political uncertainty.
Tuesday, April 16th 2019 - 08:31 UTC
Brazil's Real and Petrobras shares recover on Monday trading

Brazil's Real and shares rose on Monday, recovering after declines last week, while the currencies of oil exporters such as the Mexican and Colombian pesos weakened as crude prices dipped.
Tuesday, April 16th 2019 - 06:54 UTC
Ex president of Brazilian football federation banned for life by FIFA

World football's governing body Fifa on Monday issued a lifetime ban on José Maria Marin, the former president of the Brazil federation. The 86-year-old was jailed for four years last August in New York after being found guilty of corruption.