Brazil

Monday, September 24th 2018 - 09:15 UTC
Petrobras plans to increase output 10% next year to some 2.3 million bpd

Brazil’s state-run oil giant Petrobras aims to raise output as much as 10% to around 2.3 million barrels per day (bpd) in 2019 and cut net debt by US$10 billion, according to Chief Financial Officer Rafael Grisolia. The world’s most indebted oil company is on course to reduce debt to US$ 69 billion by the end of this year despite falling short of its US$ 21 billion asset sales target, Grisolia pointed out.
Saturday, September 22nd 2018 - 08:24 UTC
Bolsonaro reprimands his chief economic advisor over new taxes controversy

The key economic adviser to Brazil's leading presidential candidate cancelled two campaign events on Friday amid a disagreement with his boss. Market-friendly Paulo Guedes, the main adviser of far-right candidate Jair Bolsonaro, canceled events at the American Chamber of Commerce and broker XP Investimentos in Sao Paulo.
Saturday, September 22nd 2018 - 06:49 UTC
Police arrests alleged leading Hezbollah financier in the triple border of Argentina, Brazil and Paraguay

Brazilian police on Friday arrested a Lebanese citizen on suspicions of raising funds for Lebanon-based Shiite military group Hezbollah, which the United States considers a terrorist group.
Saturday, September 22nd 2018 - 06:37 UTC
Bolsonaro expects to be discharged from hospital, “God willing” at the end of the month

Brazil's right-wing presidential candidate Jair Bolsonaro said in a video released Friday that he expects to leave hospital before the end of the month after he was stabbed in the abdomen two weeks ago.
Friday, September 21st 2018 - 09:23 UTC
Bolsonaro undergoes further surgery to drain liquid from abdomen

Brazilian extreme right presidential candidate Jain Bolsonaro, who was stabbed during a political rally over a week ago and has since been under intensive care in the Albert Einstein hospital in Sao Paulo, had to undergo another emergency invasive intervention following high fever and accumulation of liquid in his abdomen.
Friday, September 21st 2018 - 08:42 UTC
Brazil stocks lower but the Real currency recovered against the US dollar

Brazil stocks were lower after the close on Thursday, as losses in the real estate, industrial and financial sectors sectors led shares lower. At the close in Sao Paulo, the Bovespa index lost 0.01%.
Thursday, September 20th 2018 - 08:42 UTC
WTO deeply concerned with US/China trade dispute: both sides have “significant” ammunition

The trade dispute between the United States and China could well expand into other areas given the significant “ammunition” the two countries have, the director-general of the World Trade Organization (WTO) said on Wednesday.
Thursday, September 20th 2018 - 08:37 UTC
Brazil leaves interest rates unchanged, as long as inflation remains in target range

The Brazilian central bank on Wednesday held interest rates at an all-time low despite a currency selloff, as widely anticipated, but said it could “gradually” raise them in the future if inflation expectations spike.
Thursday, September 20th 2018 - 08:32 UTC
US supplants Brazil as leading supplier of soybeans to the European Union

The United States has supplanted Brazil as the European Union's top supplier of soybeans since a deal in July with President Donald Trump to avert a trade war, according to EU data seen by Reuters on Thursday.
Thursday, September 20th 2018 - 08:21 UTC
Datafolha poll shows Bolsonaro and Haddad leading ahead of Brazilian election

Far-right candidate Jair Bolsonaro gained ground over his rivals in the first round of Brazil’s presidential election set for Oct. 7, a new poll showed on Thursday, though it remains unclear who he will face in an expected run-off vote on Oct. 28.