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MercoPress, en Español

Montevideo, July 13th 2025 - 22:01 UTC

Brazil

  • Friday, August 24th 2018 - 08:24 UTC

    Brazilian currency sliding to record lows ahead of October's election outcome

    Brazil's real was on track for a more than 5% slide for the week on Thursday, having sold off more than 24% in the year so far

    The Brazilian currency Real fell to a 31-month low versus the U.S. dollar on Thursday on jitters ahead of the country’s October election. Jitters across emerging markets caused by a stronger U.S. dollar and exacerbated by the unfolding currency crisis in Turkey already took a toll on the Brazilian unit before this week.

  • Thursday, August 23rd 2018 - 09:12 UTC

    The democratic challenge to dictatorships and xenophobia in Latin America

    The panel discussed the democratic clauses of the different institutional bodies in the continent against the erosion of the rule of law

    During the conference entitled “The democratic challenge to the autocracies of the 21st century in Latin America,” organized by the Center for the Opening and Development of Latin America (CADAL) on Tuesday at the Senate of Uruguay, the Government of Venezuela was described as a “dictatorship” and it was exhorted that the democratic governments of the region, especially the Uruguayan government, not be indifferent or “accomplices” against today’s Latin America’s autocratic governments.

  • Thursday, August 23rd 2018 - 09:06 UTC

    Opinion polls confirm Lula's popularity and rattles markets

    In a Datafolha poll Folha de S.Paulo and Globo TV, Lula easily led all contenders when his name was included, winning the support of 39% of those surveyed

    The popularity of imprisoned former Brazilian president Lula da Silva has grown strongly despite his corruption conviction, an election poll on Wednesday showed, a result that rattled markets and raised the possibility that Lula’s running mate could ultimately become the next occupant of the country’s presidential palace.

  • Thursday, August 23rd 2018 - 08:45 UTC

    Brazil forecasted to expand soybean acreage to a new record

    Over the past 12 years the soy area grew on average about 5% annually, with the fastest rate or growth taking place in the 2012/2013 crop year at 10.7%

    Brazilian farmers were forecast to expand the country’s soybean planted area for the 12th consecutive year amid strong demand from Asia and in spite of risks related to the exchange rate and higher freight costs. Brazil is likely to expand the area to a record 36.28 million hectares this season, which farmers will start planting around September, a 3.2% expansion from the previous cycle based on government data.

  • Wednesday, August 22nd 2018 - 08:40 UTC

    Brazil's Real plunges past four to the US dollar, first time since March 2016

    The Real weakened past four to the U.S. dollar, as investors fretted over the country's latest election polls. The benchmark Bovespa stock index slipped 1.5%

    Most emerging market currencies worldwide rallied on Tuesday after U.S. President Donald Trump criticized the head of the Federal Reserve for raising interest rates, while Brazil's Real fell to its lowest in more than two years on political concerns.

  • Wednesday, August 22nd 2018 - 06:59 UTC

    OAS Observation Mission Visits Brazil ahead of October elections

    Chief of Mission, ex Costa Rica president Laura Chinchilla is scheduled to meet with Brazilian head of state Michel Temer in Planalto Palace

    The Chief of the Electoral Observation Mission of the Organization of American States (EOM/OAS) to the October 7 general elections in Brazil, the former President of Costa Rica Laura Chinchilla, arrived in Brasilia to learn about the advances made in the organization of the election. This is the first time that the OAS has observed an electoral process in Brazil.

  • Tuesday, August 21st 2018 - 08:32 UTC

    Brazilian Real loses ground to the dollar following the latest opinion poll

    The Real was down 0.76% and 15.98% in the eight months of the year. The Bovespa stock index fell slightly as rising iron ore prices helped lift shares of miners

    The Brazilian real led losses among Latin American currencies on Monday after an opinion poll showed the market's preferred candidate in October's presidential elections lagging far behind his rivals. The Real was down 0.76% and 15.98% in the eight months of the year.

  • Tuesday, August 21st 2018 - 08:25 UTC

    Latam announces 2Q results; currencies' turbulence has hit shares, down 25%

    With its reliance on Brazil and Argentina as both source and destination markets, the company is vulnerable to the wild economic and financial fluctuations

    With this year's sell-off in emerging markets assets hasn't just dented investor returns and confidence, but also weighed heavily on global companies with exposure to developing economy currencies. One that is LATAM Airlines, by far South America's biggest carrier and among the world's largest by network connections.

  • Tuesday, August 21st 2018 - 08:10 UTC

    Brazilian election increasingly polarized: Lula's support increases and so does far right Bolsonaro

    Electoral authorities are expected to ban Lula from the election on a corruption conviction. However he has 37.3% of voter intentions, up from 32.4% in May

    Jailed former president Lula da Silva has increased his support by five percentage points and would win Brazil's October presidential election if he was allowed to run, a poll by CNT/MDA showed on Monday. The survey, which was last taken in May, found that almost half of the leftist leader's supporters would transfer their votes to his running mate Fernando Haddad if Lula is disqualified from Brazil's most uncertain race in decades.

  • Tuesday, August 21st 2018 - 08:05 UTC

    Venezuelan refugees restarted pouring into northern Brazil

    Fearful Venezuelan immigrants lined up in smaller numbers to enter Brazil at the only border crossing between after violent protests by Brazilian residents

    Brazil's government has not ruled out closing its border with Venezuela at Pacaraima, in Roraima state, but sees obstacles to doing so because of international treaties it has signed, Political Affairs Minister Carlos Marun said on Monday.