Brazil

• Tuesday, June 26th 2018 - 08:16 UTC

  Brazilian soybeans expected to benefit from US-China trade war

  

  The country that could indirectly benefit from the intensifying US-China trade war is Brazil, which finds itself in a strategic position to increase its market share of soybean exports to China.

• Monday, June 25th 2018 - 08:27 UTC

  Another judicial setback for Lula: Supreme Court cancels appeal ruling on his release from jail

  

  Brazil's Supreme Court has cancelled a ruling set for Tuesday on an appeal by former president Luiz Inacio Lula da Silva to be freed from prison while he attempts to overturn his corruption sentence.

• Monday, June 25th 2018 - 07:24 UTC

  Over half of Brazilian electorate rejects all presidential candidates, opinion poll shows

  

  An XP Investimentos survey in partnership with the Institute of Social, Political and Economic Research (Ipespe) shows the Brazilian pre-candidates Lula da Silva and Jair Bolsonaro, tied for first place with 13% of voting intentions each, followed by Ciro Gomes and Geraldo Alckmin, with 2% each.

• Friday, June 22nd 2018 - 09:10 UTC

  Petrobras loses massive wage dispute, which could cost US$ 4.5 billion

  

  Brazil’s top labor court on Thursday ruled in favor of workers at Petrobras in a wage dispute that could cost the world’s most indebted oil company up to 17 billion Reais (US$ 4.5 billion). Petrobras may still appeal the Superior Labor Court’s ruling in the case, brought by oil workers seeking more pay.

• Thursday, June 21st 2018 - 12:02 UTC

  Ex president Lula faces new charges and must declare next 11 September

  

  Brazilian federal judge Sergio Moro has summoned ex president Lula da Silva for questioning next 11 September in a case related to reforms made in a camp house, Sitio Santa Barbara, in Atibaia, Sao Paulo state and which was frequently used by the Lula da Silva family.

• Thursday, June 21st 2018 - 08:57 UTC

  Brazil eases rules in oil industry to boost production

  

  Brazil’s move to ease rules forcing oil producers to buy from domestic suppliers means Latin America’s top producer will be able to sustain output of 5 million barrels per day (pbd) by the mid-2020s, compared to just 3.7 million bpd under prior rules, consultancy Wood Mackenzie said in a report on Wednesday.

• Thursday, June 21st 2018 - 08:23 UTC

  Brazil central bank unveils block-chain platform to facilitate info exchange between financial regulators

  

  Brazil’s central bank has unveiled details of a newly-developed block-chain platform that will be used to facilitate information exchange between the country’s financial regulators. Dubbed ‘Pier’, the block-chain was developed by the Banco Central do Brasil (BCB)’s own IT department and will be used to share data securely between the central bank and other domestic regulators, BSB, said in an announcement.

• Thursday, June 21st 2018 - 08:12 UTC

  Brazil leaves Selic benchmark rate unchanged at 6.5%; central bank assessing impact of truckers strike

  

  Brazil’s central bank kept interest rates unchanged on Wednesday, as expected, refraining from hiking even after a sharp currency slide as policymakers highlighted the unclear impact of a nationwide protest by truckers in late May.

• Wednesday, June 20th 2018 - 08:16 UTC

  “Beware of little David”, Lula da Silva tells Brazil' team ahead of the match with Costa Rica

  

  Ex president Lula da Silva is serving a 12-year sentence for corruption in Curitiba, but as all Brazilians loves football, the national sport, and has been contracted as a commentator for the World's Cup in Russia.

• Monday, June 18th 2018 - 11:14 UTC

  Uruguay chair of Mercosur, targets accord with China, exhausted of negotiations with the EU

  

  Uruguay will be handed the rotating chair of Mercosur this Monday in a brief summit ceremony to take place in Paraguay. Attending will be Brazil's Michel Temer, Uruguay's Tabare Vázquez, the host Paraguay Horacio Cartes and in representation of Argentina, vice president Gabriela Michetti. President Mauricio Macri is in the midst of a cabinet reshuffle and waiting for market reaction this Monday following the naming of a new Central Bank chairman.