Brazil

• Thursday, June 28th 2018 - 11:57 UTC

  Black Wednesday for Argentina and Brazil as selloff intensifies across emerging markets assets

  

  Argentina’s benchmark MerVal stock index closed down 8.8% on Wednesday, its worst daily performance since early 2014, as concerns about trade tensions between the United States and China prompted a selloff across emerging market assets.

• Wednesday, June 27th 2018 - 08:38 UTC

  Pence in Brazil exposes US government's double standard on fleeing migrants

  

  United States Vice-president Mike Pence thanked Brazil on Tuesday for welcoming Venezuelans fleeing their country’s collapse, while warning Central Americans running from violence in their homelands not to attempt to enter the United States illegally.

• Wednesday, June 27th 2018 - 08:33 UTC

  A powerful aide of Lula provisionally released from jail pending an appeal

  

  A Brazilian court ordered on Tuesday the provisional liberation of former minister Jose Dirceu, who was one of the most important figures in the government of former president Luiz Inacio Lula da Silva, the state-owned Agencia Brasil said.

• Wednesday, June 27th 2018 - 08:26 UTC

  Brazilian shares recover cautiously; Central bank absent from the foreign exchange market

  

  After trading lower for a good part of Tuesday's session, the Ibovespa closed higher for the third consecutive day (+0.64%), to 71,404.59 points, driven mainly by the shares of Petrobras and Vale. The improvement in the U.S. stock markets also helped to recover the benchmark stock index in Brazil, although concerns remain about a world trade war.

• Tuesday, June 26th 2018 - 09:13 UTC

  Brazil's trade surplus hit strongly by the truckers’ strike

  

  The truck drivers' strike which paralyzed Brazil's trade and supply for about 10 days in May had a significant effect on the country's economy, its central bank reported on Monday.

• Tuesday, June 26th 2018 - 09:06 UTC

  Petrobras agrees to pay US$ 3bn in reparations to US investors

  

  Brazilian state oil company Petrobras announced Monday that it would pay almost 3 billion U.S. dollars in reparations to U.S. investors who were harmed by the corruption ring within the firm. Brazil's largest company was sued in a class action lawsuit, which was approved on June 22 by a federal court in New York.

• Tuesday, June 26th 2018 - 08:51 UTC

  Brazil's second corn crop lower, but export forecast remains at 28m tons

  

  Consultancy Agroconsult lowered its forecast for Brazil's so-called second corn crop to 55.2 million tons on Monday but left its export projection unchanged after a survey of fields in four states affected by planting delays and a drought. Agroconsult had estimated last month that the second crop, which farmers are currently harvesting, would total 57 million tons.

• Tuesday, June 26th 2018 - 08:46 UTC

  Pence visits Brazil: children separated from parents and Venezuela refugees in the agenda

  

  President Michel Temer will press U.S. Vice President Mike Pence during his two-day visit to Brazil on cases of Brazilian children separated from their parents upon trying to enter the United States, a Brazilian diplomat said on Monday.

• Tuesday, June 26th 2018 - 08:26 UTC

  Petrobras begins operations at Tartaruga Verde field

  

  Petrobras has announced the start of production at Tartaruga Verde field, in the deep waters of the Campos basin, by means of FPSO Cidade de Campos dos Goytacazes. The FPSO is located about 127 km off the coast of the state of Rio de Janeiro, in water depth of 765 m, with a capacity to process daily up to 150,000 bbl of oil and 3.5 MMcmg and 5 MMcm of gas compression.

• Tuesday, June 26th 2018 - 08:22 UTC

  Latam stocks and currencies hit by global trade disputes

  

  Latin American stocks and currencies mostly fell on Monday as the trade dispute between the United States and other leading economies worsened, but central bank intervention kept the Brazilian real steady.