Brazil

Friday, August 31st 2018 - 08:59 UTC
Brazilian Supreme Court confirms constitutionality of outsourcing

Brazil’s Supreme Court voted 7-4 on Thursday to allow companies to outsource all types of jobs, a ruling that confirms the constitutionality of labor rules set last year under a law that was fiercely opposed by unions.
Friday, August 31st 2018 - 08:29 UTC
Norway's Equinor plans to invest US$ 15bn in Brazil's oil, gas and renewables

Norway's Equinor will invest up to US$ 15 billion in Brazil over the next 12 years to develop oil, gas and renewable energy sources, the company said. Coinciding with an expected drop in output from many aging oilfields off the cost of Norway, Brazil is expected to become a core region for Equinor as the firm takes advantage of the country’s opening in recent years to more foreign investment.
Friday, August 31st 2018 - 08:22 UTC
BP, Shell, Total to bid in Brazil's pre-salt auction

Brazil’s oil regulator ANP has approved the applications of six companies—including Big Oil’s BP, Shell, and Total—to bid in next month’s oil auction of four blocks in the coveted pre-salt layer, ANP announced on Wednesday.
Thursday, August 30th 2018 - 09:11 UTC
Emergency in Brazil: 700/800 Venezuelans cross the border daily, claims Temer

The Brazilian government may restrict entrance of Venezuelans at the border in the remote northwestern state of Roraima, President Michel Temer said on Wednesday, after a flood of migrants has strained local services and sparked violence with residents.
Thursday, August 30th 2018 - 08:55 UTC
LATAM plans to replace 1.200 airport based employees in Brazil

Chilean airline LATAM has plans to lay off some 1,200 airport-based employees in Brazil and replace them with workers from a services company in an apparent cost-cutting measure, according to a report in O Estado de S. Paulo on Wednesday. LATAM confirmed there would be redundancies but would not give an exact number.
Wednesday, August 29th 2018 - 08:33 UTC
Brazilian currency down on presidential election forecast jitters

The Brazilian Real led losses in Latin America as lingering concerns over presidential elections overshadowed a largely positive environment for emerging market assets. The US dollar ended trading at 4.333 Reales.
Tuesday, August 28th 2018 - 08:21 UTC
Brazil Supreme Court to decide on freight rates imposed by government

Brazil's Supreme Court will rule as soon as possible on several challenges to the constitutionality of a law imposing minimum freight prices, but no ruling will come on Monday, Supreme Court Justice Luiz Fux said.
Tuesday, August 28th 2018 - 07:32 UTC
Brazil's Supreme Court will rule on Lula's presidential candidacy in September

Brazil’s Supreme Court will weigh in September an appeal by jailed former president Lula da Silva to be set free so he can join the presidential campaign already under way, a court spokesperson said on Monday.
Monday, August 27th 2018 - 08:27 UTC
Brazilian minister apologizes: injunction on glyphosate still on appeal

Brazil’s Agriculture Minister Blairo Maggi tweeted on Friday that he had incorrectly stated a day earlier that a court had lifted an injunction on products containing the widely used herbicide glyphosate and that a ruling was still pending.
Sunday, August 26th 2018 - 18:50 UTC
Tankers with US diesel diverted to Brazil following a fire in a Sao Paulo refinery

At least four tankers loaded with ultra-low-sulfur diesel (ULSD) en route from the U.S Gulf Coast to Europe abruptly changed course this week to Brazil, following a fire at a 415,000-bpd refinery of state oil firm Petrobras on Monday, S&P Global Platts trade flow data showed on Friday.