Brazil

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.
Monday, June 18th 2018 - 08:17 UTC
Several serious charges await for Temer when he steps down from office

Brazilian President Michel Temer has denied charges that he instigated the payment of hush money to former Chamber of Deputies Speaker Eduardo Cunha, a Planalto statement said. The statement was made after the Federal Police delivered the final report of the investigations into a fraud scheme in credit released by state-owned bank Caixa from 2011 to 2013.
Monday, June 18th 2018 - 07:38 UTC
Lula football commentator: “Messi must settle its debt with the Argentine people”

Ex Brazilian president Lula da Silva might be in prison, but that has not stopped a Brazilian TV station from hiring him as a World Cup commentator. “This is not a joke,” said Jose Trajano, who hosts the daily program at the Sao Paulo-based VTV network on which Lula, who was in office from 2003 to 2010, is talking about the competition.
Monday, June 18th 2018 - 07:21 UTC
Temer's record unpopularity linked directly to the performance of the economy

A Datafolha survey shows that the all-time high unpopularity of Brazilian President Michel Temer (MDB) is due essentially to dissatisfaction with the overall performance of his administration, particularly regarding the economy. It also shows that the president's personal image and the loss of status caused by corruption scandals that involve him are secondary issues.
Saturday, June 16th 2018 - 11:18 UTC
Brazil's industries lobby, FIESP, ready to join a presidential ticket

Brazilian presidential candidate Ciro Gomes has sounded out steelmaking tycoon Benjamin Steinbruch as a possible vice presidential running mate in October and allegedly he would join the ticket if invited.
Friday, June 15th 2018 - 10:57 UTC
Petrobras ex-CEO becomes head of Brazilian giant food processor BRF

The board of Brazilian food processor BRF SA on Thursday elected Chairman Pedro Parente to the additional post of chief executive, the company said in a securities filing. Parente, the former CEO of state-controlled oil company Petrobras will hold both positions for an initial period of 180 days, BRF said.
Thursday, June 14th 2018 - 21:49 UTC
Morgan Stanley and Royal Bank of Canada fined in Brazil for rigging foreign exchange rates

Brazil’s competition authority Cade has reached a settlement with Morgan Stanley and Royal Bank of Canada, fining them a combined 42.9 million reals (US$11.6 million) for forming a cartel manipulate FX markets.
Thursday, June 14th 2018 - 07:51 UTC
New conflict brewing with Brazilian truckers

Talks on new prices for truck freight in Brazil, following a nationwide truckers strike in May, have yet to be concluded and the lack of a deal is hurting goods transportation, Brazil’s Agriculture Minister Blairo Maggi said.