Brazil

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

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

  

  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

  

  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

  

  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

  

  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

  

  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

  

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

• Monday, December 24th 2018 - 13:18 UTC

  Bolsonaro adds Nicaraguans to the list of unwanted guests for his inauguration

  

  Brazil's Presdient-elect Jair Bolsonaro will not welcome any Nicaraguan delegation at the inauguration ceremony in Brasilia on January 1, his future Foreign Minister Ernesto Araújo announced on Twitter.

• Saturday, December 22nd 2018 - 03:43 UTC

  Brazilian judge halts Embraer-Boeing alliance yet again

  

  A Brazilian judge Thursday blocked yet again the merger of the commercial division of Embraer with Boeing, despite a joint announcement to the contrary a few days ago.

• Friday, December 21st 2018 - 12:01 UTC

  Brazil’s development bank “must return” to the Treasury some US$ 25bn

  

  Brazil’s future economy minister wants state development bank BNDES to return 100 billion Reais, some US$25.7 billion, to the nation’s treasury in 2019, a newspaper reported, as the incoming government seeks to cut the nation’s hefty debt load.

• Friday, December 21st 2018 - 11:58 UTC

  Prosecutors waiting for Temer when he steps down accused of “institutionalized corruption”

  

  Brazil's attorney general has accused President Michele Temer of sitting at the center of “an institutionalized system of corruption” and has asked the courts to charge him with crimes as soon as he leaves office at the year's end.