Brazil

Saturday, December 1st 2018 - 10:29 UTC
Bolsonaro names an Admiral as Mining and Energy minister

President-elect and former army captain, Jair Bolsonaro, has named a Navy admiral as his Mining and Energy minister. The appointment marks the eighth member of the armed forces to Bolsonaro's government and the 20th Minister appointed so far.
Saturday, December 1st 2018 - 10:24 UTC
Brazilian economy accelerates in the third quarter

The Brazilian economy accelerated sharply in the third quarter as record-low interest rates and a one-off government-led boost helped it bounce back from the impact of a nationwide truckers’ strike. Gross domestic product rose 0.8% from the second quarter and 1.4% from the third quarter of 2017, government statistics agency IBGE said on Friday.
Saturday, December 1st 2018 - 08:47 UTC
Bolsonaro recommends “prudence” before signing any Mercosur/EU agreement

Brazil's president-elect Jair Bolsonaro said “prudence” was necessary before signing any trade agreement with other nations, in reference to the ongoing negotiations between Mercosur and the European Union.
Thursday, November 29th 2018 - 08:31 UTC
Brazil withdraws its offer to host UN conference on climate change next year

Brazil has withdrawn its offer to host a large U.N. conference on climate change next year, the foreign ministry said on Wednesday, leading environmental groups to question the government's commitment to reducing carbon emissions.
Thursday, November 29th 2018 - 07:08 UTC
Norwegian Air plans to break British Airways London/Rio do Janeiro “monopoly”

Budget carrier Norwegian Air plans to start flights between London and Rio de Janeiro in March to break what it said was a “monopoly” enjoyed by British Airways between the two cities.
Wednesday, November 28th 2018 - 18:50 UTC
Brazilian credit card users offered predictable exchange rate for deals in foreign currency

Brazil's Central Bank (BCB) President Ilan Goldfajn Wednesday announced a new rule for credit card charges in foreign currency: the sum consumers will have to pay in reais will be calculated on the basis of the exchange rate at the day of the transaction. The measure, however, will become effective as March 1, 2020.
Wednesday, November 28th 2018 - 08:47 UTC
Bolsonaro adds two more military officers to his cabinet

Brazil's right-wing president-elect Jair Bolsonaro picked retired General Carlos Alberto dos Santos Cruz as his minister in charge of political relations with Congress, and military engineer Tarcisio Freitas as his infrastructure ministry, a fifth and sixth military to his cabinet.
Wednesday, November 28th 2018 - 08:17 UTC
Three out of five living ex Brazilian presidents defendants in corruption cases

The Brazilian corruption probe known as Operation Carwash (Lava Jato) has placed three out of five living former presidents of Brazil as defendants. Michel Temer, the current president, and José Sarney so far have been only arraigned.
Tuesday, November 27th 2018 - 15:18 UTC
Sharp fall in Brazil's Petrobras fuel but not so fast at pumps

The average price of gasoline at Petrobras' refineries has dropped around 20% in November as of Tuesday but that decrease will not hit retail prices anytime soon. The state-run petroleum company made the announcement Monday, but gas stations were reluctant to follow suit, at least not at the same level.
Tuesday, November 27th 2018 - 09:51 UTC
Bad start for Bolsonaro: Temer signs 16% pay raise for Justices, which is a benchmark for other public sector

Brazil’s exiting President Michel Temer signed into law a 16% pay raise for Supreme Court justices on Monday, disregarding a request from his President-elect Jair Bolsonaro that he veto the bill to avoid increasing next year’s budget deficit.