Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, August 4th 2026 - 12:07 UTC

Brazil

  • Saturday, January 5th 2019 - 08:54 UTC

    Markets disappointed with Bolsonaro's watered down pensions reform

    Bolsonaro told reporters that the minimum retirement age would be 62 for men and 57 for women, effective five years after legislation is passed

    Brazil President Jair Bolsonaro on Friday called for minimum retirement ages significantly lower than those proposed by his predecessor, sparking concerns among investors that he will back watered-down pension reform legislation.

  • Thursday, January 3rd 2019 - 07:29 UTC

    Bolsonaro effect on Brazilian markets and currency

    Brazil shares surged as much as 4.1% to hit an all-time high before retreating to close 3.6% higher. The real firmed 2.4% and posted its best day in 7 months

    A record high for Brazil shares and a more than 2% gain in the Real, spurred by positive policy moves by the country's new government, helped Latin American markets make a strong start to the New Year and buck gloom in global markets on Wednesday.

  • Wednesday, January 2nd 2019 - 04:55 UTC

    President Bolsonaro vows to tackle corruption, crime and economic mismanagement

    President Bolsonaro and wife Michelle are cheered as they rode in the open topped Rolls Royce

    Brazil’s newly inaugurated President Jair Bolsonaro said on Tuesday his election had freed the country from “socialism and political correctness,” and he vowed to tackle corruption, crime and economic mismanagement in Latin America’s largest nation.

  • Saturday, December 29th 2018 - 22:00 UTC

    Massive security preparations for Bolsonaro's inauguration

    The United States will be represented at the inauguration of Jair Bolsonaro by Secretary of State Mike Pompeo

    Authorities in Brazil say they are making massive security preparations for the inauguration of President-elect Jair Bolsonaro on Jan. 1. Security around the future president has been high since he was stabbed with a knife on Sept. 6, causing a ruptured intestine.

  • Saturday, December 29th 2018 - 10:30 UTC

    Bolsonaro presents Netanyahu with Brazil's highest decoration for visitors

    “It’s hard to believe that we had no such contacts before,” Netanyahu admitted.

    Brazil's President-elect Jair Bolsonaro and Israeli Prime Minister Benjamin Netanyahu met Friday in Rio de Janeiro and sealed an alliance between the two countries, although moving the embasy to Jerusalem was reportedly not on the table. Bolsonaro presented Netanyahu with the highest national decoration for visitors in Brazil, granted in the past to former US President Dwight Eisenhower and Queen Elizabeth.

  • Saturday, December 29th 2018 - 07:44 UTC

    Petrobras announces hedging program for diesel prices

    Petrobras will be able to keep diesel prices stable for “short periods” of up to seven days, while varying the frequency of price adjustments during times of high volatility.

    Brazil’s Petrobras has approved a hedging program for diesel prices in a bid to boost pricing flexibility, the state-run oil firm said in a filing on Friday. While Petrobras did not detail how its diesel hedging program would be structured, it said the move was similar to a measure taken in September, when the company introduced a hedging program for gasoline.

  • Friday, December 28th 2018 - 09:17 UTC

    Jerusalem controversy: Arab ministerial delegation plans to visit Bolsonaro in January

    “As previously stated during our campaign, we intend to transfer the Brazilian Embassy from Tel-Aviv to Jerusalem,” Bolsonaro wrote on Twitter on November

    An Arab ministerial delegation plans to travel to Brazil in January to convince the incoming Brazilian president, Jair Bolsonaro, not to relocate his country’s embassy from Tel Aviv to Jerusalem, an official Palestinian source said on Thursday. Bolsonaro announced in November that he intends to relocate the Brazilian Embassy in Israel to Jerusalem.

  • Friday, December 28th 2018 - 09:12 UTC

    Netanyahu will visit president elect Bolsonaro this Friday in Rio

    “I am happy that we can open a new era between Israel and this superpower called Brazil,” Netanyahu said on his departure

    Israel’s Prime Minister Benjamin Netanyahu has left on a historic six-day trip to Brazil, the first ever visit the largest Latin American country made by a sitting premier of the Jewish state. Besides boosting diplomatic and economic ties between the two countries, Netanyahu is scheduled to hold a one-to-one meeting with president-elect Jair Bolsonaro this Friday in Rio de Janeiro.

  • Thursday, December 27th 2018 - 09:20 UTC

    Brazil opens 100% ownership of Brazilian airlines to foreign investors

    Previously, non-Brazilians were limited to 20% of shares. The decision occurs in the midst of a bankruptcy proceeding filed by Avianca Brasil.

    Outgoing President Michel Temer issued an executive order that allows foreign groups to own 100% of a Brazilian airline. Previously, non-Brazilians were limited to 20% of shares. The decision occurs in the midst of a bankruptcy proceeding filed by Avianca Brasil.

  • Thursday, December 27th 2018 - 09:07 UTC

    Lithium boom anticipated in Brazil as reserves are developed in Minas Gerais

    ANM reports that 117 survey applications for lithium were filed by December. That's three times the amount of last year and ten times 2016 applications

    Favorable international demand and a recent discovery of lithium reserves in Brazil caused a rush for the metal, used in electrical batteries, reports the Folha de Sao Paulo. Two ongoing projects will elevate Brazil to the status of one of the world's largest lithium-producing countries in the next decade, according to data from the National Agency for Mining, ANM..