Brazil

Thursday, December 13th 2018 - 06:57 UTC
Brazilian central bank keeps interest rates at an all time low

The Brazilian central bank on Wednesday held interest rates at an all-time low, as widely expected, and hinted that it will hold off from raising them for longer than expected. The bank’s nine-member monetary policy committee, Copom, kept the benchmark Selic rate at 6.50 percent for a sixth straight meeting.
Thursday, December 13th 2018 - 06:22 UTC
Falklands goes ahead with negotiations and contract for second commercial flight

The Executive Council has today Wednesday authorised the Chief Executive of the Falkland Islands Government to complete the necessary negotiations with LATAM Airlines Brazil and to finalise a contract, subject to agreement with MLAs, to establish and operate a new weekly route between Sao Paulo and the Falkland Islands.
Wednesday, December 12th 2018 - 10:12 UTC
Gunman kills at least six at Brazilian church, then commits suicide

A gunman later identified as 49-year-old Euler Fernando Grandolpho opened fire Tuesday against parishioners during midday mass at the Campinas Cathedral (95 km northwest of Sao Paulo), killing at least six of them and wounding several others, it was reported. The assailant eventually took his own life.
Wednesday, December 12th 2018 - 08:29 UTC
Brazil's future environment minister favors remaining in Paris Agreement but with country autonomy

Brazil’s future environment minister under President-elect Jair Bolsonaro said that the country should stay in the Paris Agreement on climate change, but the world must also respect its autonomy to set its environmental policies.
Tuesday, December 11th 2018 - 08:59 UTC
Brazilian truckers block Rio/Sao Paulo highway, and ready to protest again

Truckers in Brazil on Monday partially blocked the main highway between Rio de Janeiro and Sao Paulo, police said, an action that could harm the nation’s economy should the protests spread.
Tuesday, December 11th 2018 - 08:44 UTC
Arab League warns Bolsonaro on moving embassy in Israel to Jerusalem

The Arab League has told Brazil's right-wing President-elect Jair Bolsonaro that moving Brazil's embassy in Israel to Jerusalem would be a setback for relations with Arab countries. Such a move by Bolsonaro, who takes office on January first, would be a sharp shift in Brazilian foreign policy, which has traditionally backed a two-state solution to the Israeli-Palestinian conflict.
Tuesday, December 11th 2018 - 08:19 UTC
Embraer-Boeing deal clears provisional injunction, but now depends on Bolsonaro's administration

A Brazilian federal court has overturned a provisional injunction that blocked a proposed tie-up between plane makers Embraer and Boeing, Embraer said on Monday in a securities filing. Brazil's Embraer announced in July its intention to sell 80% of its commercial aviation business to Chicago-based Boeing for US$ 3.8 billion. Embraer has said the deal is crucial for its survival.
Monday, December 10th 2018 - 17:36 UTC
Brazilian state of Roraima on Venezuelan border under federal administration

Brazilian President Michel Temer's decree mandating the federal government's intervention in the Venezuela-bordering state of Roraima until December 31 was published Monday in the Official Gazette.
Monday, December 10th 2018 - 06:43 UTC
Mercosur and EU start a technical talks round in Montevideo, waiting for Bolsonaro

Mercosur and the European Union will be holding a round of technical talks this week in Montevideo, starting on Monday, with the purpose of building a strong consensus that could anticipate an agreement sometime next year.
Monday, December 10th 2018 - 05:38 UTC
Brazil incoming energy minister favors nuclear and wind power; “hydro has reached its limit”

Brazil’s incoming mines and energy minister, Bento Albuquerque, supports more nuclear and wind power development to diversify the country’s energy matrix, while saying hydropower had reached its limit, newspaper Folha de S.Paulo reported.