Brazil

• 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.

• Saturday, May 26th 2018 - 09:00 UTC

  Truckers strike crippling Brazil, despite authorization to use military force to clear highways

  

  A truckers protest over diesel prices that has crippled key sectors of Latin America's biggest economy dragged into Friday night, putting drivers in a standoff with Brazilian President Michel Temer who authorized military force to clear highways. The protest will stretch into its sixth day on Saturday.

• Saturday, May 26th 2018 - 08:32 UTC

  Odebrecht begins paying debts and fines following financial agreement

  

  Brazilian conglomerate Odebrecht SA's will use part of a 2.6 billion reais (US$709.96 million) bank loan to repay a loan in arrears with state-controlled bank Banco do Brasil SA, according to sources quoted by Reuters. Under the terms of an agreement announced on Friday, the engineering group, at the center of a corruption scandal, will repay a 100 million reais debt to Banco do Brasil.

• Saturday, May 26th 2018 - 08:26 UTC

  China electric monorail system, cheaper than metro, for a major Brazilian city

  

  BYD, China’s biggest electric vehicle maker by sales, signed a 2.5 billion Brazilian real (US$ 689 million) deal this week to build a monorail system in Brazil’s Salvador city, the firm said. It’s the company’s biggest overseas monorail investment yet, according to a company spokesperson. Construction will start on the 20-kilometer route this year, and it’s expected to begin operations in 2021.

• Friday, May 25th 2018 - 09:06 UTC

  Relief in Brazil after recovering free of FMD with vaccination OIE status

  

  The World Organization for Animal Health (OIE) declared Brazil free of foot-and-mouth disease (FMD) with vaccination on Thursday, opening new export prospects for the world’s largest beef exporter. The OIE already considered most of Brazil to be free of foot-and-mouth with vaccination. The declaration, which the government had been expecting since the start of the year, extends certification to the whole country.

• Friday, May 25th 2018 - 08:56 UTC

  Brazil agriculture fears consequences of a US/China trade understanding

  

  The trade dispute between the United States and China has benefited Brazil so far but could prove harmful long term as higher grain prices will make the country’s exports less competitive, Brazil’s farm minister said. Brazil is the world's leading poultry exporter.

• Friday, May 25th 2018 - 08:50 UTC

  Brazil truckers strike: Government says a 15-day truce had been reached

  

  Brazil's government said late Thursday that a deal had been reached with truckers to suspend a four-day-old strike that caused fuel shortages, cut into food deliveries, backed up exports and threatened airline flights.

• Thursday, May 24th 2018 - 07:20 UTC

  Brazil lowers diesel prices 10%, but truckers' strike continues threatening grain exports

  

  Petrobras on Wednesday temporarily cut diesel prices by 10% in order to help the Brazilian government and truck drivers resolve a protest crippling highways.