Brazil

• Monday, June 4th 2018 - 07:06 UTC

  Truckers strike is estimated to have cost Brazilian agriculture some US$ 1.77 billion

  

  The 10-day-long Brazilian striking truckers protests are winding down and companies from meatpackers to soy crushers are resuming operations. Some problems persist in some sectors and will need time to recover. Primary estimates of losses for farmers' sector could reach US$ 1.77bn

• Thursday, May 31st 2018 - 08:27 UTC

  Debilitated Brazilian government challenged with an oil-workers 72-hour strike

  

  Brazilian oil workers began a 72-hour strike on Wednesday in a new blow to President Michel Temer following a nationwide trucker protest that has strangled Latin America's largest economy for over a week. The strike affecting several rigs, refineries, plants and ports is the latest challenge for state-led oil firm Petrobras, whose shares have tumbled nearly 30% in two weeks over fears that political interference would unwind more investor-focused policies.

• Thursday, May 31st 2018 - 07:40 UTC

  Deal to compensate one of the world's most indebted oil company

  

  Petrobras and Brazil’s government are “very close” to resolving a long-running dispute over an oil-rich offshore area, a deputy minister said, dismissing concerns a fuel pricing crisis had emerged as an obstacle in talks.

• Thursday, May 31st 2018 - 07:20 UTC

  Total denied environmental license to drill at the Amazon basin

  

  Brazilian environmental agency Ibama this week rejected French oil company Total SA’s application for an environmental license to drill in the ecologically sensitive Foz do Amazonas basin. It is the fourth time that Ibama has rejected the application and requested additional information.

• Thursday, May 31st 2018 - 07:02 UTC

  Brazil's strike: massive losses: 70m chickens slaughtered; exports of soy, sugar and coffee cancelled

  

  Striking truckers in Brazil have disrupted supplies and exports from one of the world's agricultural powerhouses, triggering the premature slaughter of millions of chickens as feed failed to reach farmers. The strike over high fuel prices has paralyzed Brazil, the top global exporter of soybeans, sugar, coffee and chicken.

• Wednesday, May 30th 2018 - 09:39 UTC

  Brazilian military “not worried”, with strikers; protests are protected by the Constitution

  

  Brazil's Minister of Institutional Security Sergio Etchegoyen on Tuesday rejected calls to deploy military troops to break up protracted nationwide protests against fuel price hikes. Etchegoyen, a general appointed by President Michel Temer, said such a heavy-handed response was outdated.

• Wednesday, May 30th 2018 - 09:35 UTC

  Petrobras workers Wednesday strike was declared illegal

  

  Brazil’s Superior Labor Court (TST) ruled on Tuesday that a 72-hour strike planned by workers of state-run oil company Petrobras was illegal, the office of the government’s solicitor general said.

• Wednesday, May 30th 2018 - 08:58 UTC

  Truckers union calls an end to the crippling strike, but some still resist

  

  One of the main unions behind a crippling truckers' strike in Latin America's largest nation on Tuesday called on its members to return to work, warning that failing to do so would erode hard-won gains.

• Tuesday, May 29th 2018 - 08:48 UTC

  Brazilian cocktail: Wall Street, oil prices, truckers strike and a weak government

  

  A nationwide protest by Brazilian truckers was slow to unwind on Monday, even after the week-long demonstrations against diesel price hikes got the government to cave to their demands, causing stocks and the currency to slide.

• Monday, May 28th 2018 - 06:46 UTC

  Brazilian government yields to demands of truckers week-long strike

  

  Brazil's President Michel Temer announced late on Sunday new measures to reduce operating costs for truckers in a bid to end a week-long protest that has severely hampered the flow of food, fuel and key exports in Latin America's largest economy.