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MercoPress, en Español

Montevideo, December 1st 2025 - 17:50 UTC

Brazil

  • Saturday, January 4th 2025 - 00:32 UTC

    Third-largest ever outflow of dollars recorded in Brazil

    Sidney predicted that the Selic basic interest rate would rise to 15% until June to then go downwards

    A total of US$ 15.918 billion fled Brazil in 2024, which represented the third-largest annual leakage ever behind consecutive negative balances in 2019 (US$ 44.768 billion) and 2020 (US$ 27.923 billion), the Central Bank (BCB) reported this week. Last year's financial flow was negative by US$84.396 billion after outflows (US$ 674.385 billion) outpaced inflows (US$ 589.989 billion).

  • Friday, January 3rd 2025 - 10:39 UTC

    Brazil: Armed Forces open up to voluntary enlistment of women

    So far, women in the military are primarily assigned to roles in healthcare, education, and logistics

    Starting in the first half of 2026, the voluntary enlistment of women in Brazil's Armed Forces is now open, with the deadline for applications set for June 30, Agencia Brasil reported. Thus, women born in 2007, who will turn 18 this year, are eligible to apply. If accepted, they would be joining the force of their choice between March 2 and 6 between Aug. 3 to 7 for a 12-month service that can be extended for up to eight years.

  • Thursday, January 2nd 2025 - 10:41 UTC

    Brazil takes over BRICS rotating presidency

    Brazil last chaired the BRICS bloc under Bolsonaro and gave little to no importance to it

    Brazil took over Wednesday the rotating presidency of the BRICS bloc which now features at least nine new members. It is the fourth time the South American country has held that position, Agência Brasil noted.

  • Monday, December 30th 2024 - 23:13 UTC

    Brazil's financial markets adjust 2025 projections for the worse

    The BCB's Focus Bulletin maintained its forecast for the Selic basic interest rate of 14.75% per annum in 2025

    Monday's issue of Brazil's Central Bank's (BCB) Focus Bulletin twitched last week's 2025 slightly for the worse, with higher inflation and a smaller Gross Domestic Product (GDP), Agencia Brasil reported. The study showed that the Broad Consumer Price Index (IPCA) should end 2025 at 4.96% from the 4.86% forecast last week. It was the 11th adjustment to the inflation projection and the ninth to the exchange rate between the local real and the US dollar.

  • Monday, December 30th 2024 - 10:58 UTC

    Hard times ahead for Lula and Brazilian Real, the most devalued currency in 2024

    Lula da Silva recovering from head injuries and surgery

    US dollar expectations in the Brazilian market are beating forecasts having reached R$ 6.30 in December, (from 4.85 in January 2024) making the Brazilian Real one of the largest currencies of emerging countries, as the most devalued during 2024, despite the Central Bank pumping some US$ 17 billion to the market hoping to contain the slide.

  • Monday, December 30th 2024 - 10:51 UTC

    Azerbaijan Airlines E-190's back boxes sent to Brazil

    Kazakhstan authorities decided to send the black boxes to Brazil's Cenipa for analysis

    Authorities said that the black boxes of the Brazilian-built Embraer 190 Azerbaijan Airlines jet that crashed on Wednesday in Kazakhstan will be sent to the manufacturing country's aviation watchdog to further investigate the causes of the accident near Aktau, a port on the Caspian Sea in western Kazakhstan, far from the aircraft's planned route.

  • Monday, December 30th 2024 - 10:39 UTC

    BYD EV manufacturer clashes and apologizes to one of its main markets due to slavery-like conditions

    The factory is a symbol of China's growing influence in Brazil's close relationship

    The Chinese BYD electric car factory construction in northern Brazil has turned out into a dispute between Chinese investors and Brazilian authorities who accused the Chinese contractor of having Brazilian labor working in slavery-like conditions that allegedly entered the country with temporary labor visas.

  • Monday, December 30th 2024 - 10:19 UTC

    Another virus mosquito-transmitted disease, ‘oropouche,’ extending in Brazil

    The orthobunyavirus oropoucheense (OROV), is transmitted to humans mainly through the Culicoides paraensis mosqutoe, better known in Brazil as the “maruim” or “mosquito-pólvora”.

    A new virus, oropouche, is extending in Brazil and has become of concern to the country’s Public Health Ministry, since it was circumscribed to the Amazon Region but has now been reported in at least 22 states and 11.000 cases during the first half of December.

  • Saturday, December 28th 2024 - 09:48 UTC

    Brazil: Unemployment in November hits lowest figures since 2014

    IBGE's Beringuy highlighted “the expansion of employment through various economic activities”

    Unemployment in South America's largest country reached 6.1% in the quarter ending last month, Agencia Brasil reported Friday citing figures from Brazil's Institute of Geography and Statistics (IBGE). It was the lowest rate in this time series dating back to the first quarter of 2012.

  • Saturday, December 28th 2024 - 09:05 UTC

    Rousseff offers Uruguay NDB financing opportunities

    “Uruguay is used to working with other historical entities, and this is very new,” Orsi said after meeting with Rousseff

    Former Brazilian President Dilma Rousseff, who now chairs the BRICS' New Development Bank (NDB) said Friday after meeting with Uruguay's President-elect Yamandú Orsi at the latter's transition headquarters that the South American country was “best positioned” to access financing at lower rates for digital, social infrastructure, and education developments.