Brazil

• Saturday, September 1st 2018 - 07:36 UTC

  Lula barred from running in October elections; Haddad will lead the PT slate

  

  Brazil's top electoral court, TSE, on early Saturday ended the political comeback plans of former president Lula da Silva, barring him from running in elections in October. Lula is in prison having been sentenced to twelve years for corruption last April.

• Friday, August 31st 2018 - 09:16 UTC

  Brazil contains the value of its currency with a US$ 1.5 billion support

  

  The economic and foreign exchange crisis in Argentina and the growing uncertainties in the political scenario of Brazil ahead of October's presidential election also had an impact in the Brazilian currency and markets, forcing the Central bank to come out with a US$ 1.5bn support.

• Friday, August 31st 2018 - 09:08 UTC

  Brazil: Alckmin unveils campaign ad targeting far right adversary Jair Bolsonaro

  

  Brazil’s business-friendly presidential candidate Geraldo Alckmin unveiled a campaign ad against gun violence on Thursday that targeted his far-right pro-gun adversary Jair Bolsonaro.

• Friday, August 31st 2018 - 09:01 UTC

  Unemployment in Brazil falls slightly in July to 12.3%

  

  Brazil's unemployment rate dipped slightly in July, as expected, extending a slow and bumpy labor market recovery as pivotal presidential elections loom.

• Friday, August 31st 2018 - 08:59 UTC

  Brazilian Supreme Court confirms constitutionality of outsourcing

  

  Brazil’s Supreme Court voted 7-4 on Thursday to allow companies to outsource all types of jobs, a ruling that confirms the constitutionality of labor rules set last year under a law that was fiercely opposed by unions.

• Friday, August 31st 2018 - 08:29 UTC

  Norway's Equinor plans to invest US$ 15bn in Brazil's oil, gas and renewables

  

  Norway's Equinor will invest up to US$ 15 billion in Brazil over the next 12 years to develop oil, gas and renewable energy sources, the company said. Coinciding with an expected drop in output from many aging oilfields off the cost of Norway, Brazil is expected to become a core region for Equinor as the firm takes advantage of the country’s opening in recent years to more foreign investment.

• Friday, August 31st 2018 - 08:22 UTC

  BP, Shell, Total to bid in Brazil's pre-salt auction

  

  Brazil’s oil regulator ANP has approved the applications of six companies—including Big Oil’s BP, Shell, and Total—to bid in next month’s oil auction of four blocks in the coveted pre-salt layer, ANP announced on Wednesday.

• Thursday, August 30th 2018 - 09:11 UTC

  Emergency in Brazil: 700/800 Venezuelans cross the border daily, claims Temer

  

  The Brazilian government may restrict entrance of Venezuelans at the border in the remote northwestern state of Roraima, President Michel Temer said on Wednesday, after a flood of migrants has strained local services and sparked violence with residents.

• Thursday, August 30th 2018 - 08:55 UTC

  LATAM plans to replace 1.200 airport based employees in Brazil

  

  Chilean airline LATAM has plans to lay off some 1,200 airport-based employees in Brazil and replace them with workers from a services company in an apparent cost-cutting measure, according to a report in O Estado de S. Paulo on Wednesday. LATAM confirmed there would be redundancies but would not give an exact number.

• Wednesday, August 29th 2018 - 08:33 UTC

  Brazilian currency down on presidential election forecast jitters

  

  The Brazilian Real led losses in Latin America as lingering concerns over presidential elections overshadowed a largely positive environment for emerging market assets. The US dollar ended trading at 4.333 Reales.