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Montevideo, February 6th 2026 - 21:12 UTC

Brazil

  • Wednesday, June 6th 2018 - 08:32 UTC

    Brazil declared by OIE free of FMD with vaccination

    OIE Director general Monique Eloit delivered the certificate to Blairo Maggi, Brazil’s minister of Agriculture, Livestock and Food at OIE headquarters in Paris

    The World Organization for Animal Health (OIE) has officially declared Brazil as a country free from Foot-and-Mouth Disease (FMD) with vaccination. The decision for this occurred late May, in Paris. The decision took place after approval last year from the OIE’s scientific committee, which is constituted by 181 member states.

  • Wednesday, June 6th 2018 - 08:27 UTC

    Brazil's central bank survey lowers 2018 growth forecast to 2.18%

    The downgrade was blamed on a slower than expected rate of economic recovery and crippling truckers' strikes in May

    Brazil's financial market has downgraded its 2018 economic growth forecast from 2.37% to 2.18%, according to a Focus poll released on Monday by the Central Bank. Four weeks ago, a similar survey of the country's leading financial institutions showed GDP was expected to expand 2.7%.

  • Wednesday, June 6th 2018 - 08:19 UTC

    Brazil's trade surplus in May reached US$ 5.981 billion

    There was an increase of 18.4% in basic exports, while sales of manufactured and semi-manufactured goods fell 17.3% and 9.5%, respectively.

    Brazil's trade balance recorded a US$ 5.981 billion surplus in May, resulting from US$ 19.224 billion in exports and US$ 13.260 billion in imports, said the Ministry of Industry, Foreign Trade and Services (MDIC).

  • Tuesday, June 5th 2018 - 07:50 UTC

    Walmart leaving Brazil after 22 years: 80% takeover by Advent

    Walmart's Brazilian operation started up 22 years ago and employs 55,000 people in 438 stores.

    Walmart gave no price for the transaction, in which Advent takes an 80% stake in Walmart Brazil and leaves Walmart with 20%. But the Arkansas-based mega retailer said it would take a US$ 4.5 billion charge on the deal in the second quarter, much of that related to cumulative foreign exchange losses.

  • Monday, June 4th 2018 - 08:13 UTC

    Brazilian manufacturing activity slows down for second month in May

    New orders slowed for a third straight month, suggesting growing uncertainty around this year's presidential elections are weighing on demand

    The growth of manufacturing activity in Brazil slowed for a second straight month in May, a private survey showed on Friday, a sign that a weaker currency and political uncertainty are taking a toll on Latin America's largest economy.

  • Monday, June 4th 2018 - 07:06 UTC

    Truckers strike is estimated to have cost Brazilian agriculture some US$ 1.77 billion

    Chicken and pork losses are estimated in US$ 798 million. Brazil is the world's biggest chicken exporter. It shipped 4.3 million tons of chicken meat in 2017

    The 10-day-long Brazilian striking truckers protests are winding down and companies from meatpackers to soy crushers are resuming operations. Some problems persist in some sectors and will need time to recover. Primary estimates of losses for farmers' sector could reach US$ 1.77bn

  • Thursday, May 31st 2018 - 08:27 UTC

    Debilitated Brazilian government challenged with an oil-workers 72-hour strike

    The oil sector strike included workers on at least 20 oil rigs in the lucrative Campos basin of 46 operated by Petrobras

    Brazilian oil workers began a 72-hour strike on Wednesday in a new blow to President Michel Temer following a nationwide trucker protest that has strangled Latin America's largest economy for over a week. The strike affecting several rigs, refineries, plants and ports is the latest challenge for state-led oil firm Petrobras, whose shares have tumbled nearly 30% in two weeks over fears that political interference would unwind more investor-focused policies.

  • Thursday, May 31st 2018 - 07:40 UTC

    Deal to compensate one of the world's most indebted oil company

    Despite overlapping with the truckers’ strike, talks “were not suspended,” Deputy Mining and Energy Minister Marcio Felix said. “They are very close”

    Petrobras and Brazil’s government are “very close” to resolving a long-running dispute over an oil-rich offshore area, a deputy minister said, dismissing concerns a fuel pricing crisis had emerged as an obstacle in talks.

  • Thursday, May 31st 2018 - 07:20 UTC

    Total denied environmental license to drill at the Amazon basin

    Ibama said when denying the application for a third time in August that it would give Total one last chance to clarify the application before suspending the process.

    Brazilian environmental agency Ibama this week rejected French oil company Total SA’s application for an environmental license to drill in the ecologically sensitive Foz do Amazonas basin. It is the fourth time that Ibama has rejected the application and requested additional information.

  • Thursday, May 31st 2018 - 07:02 UTC

    Brazil's strike: massive losses: 70m chickens slaughtered; exports of soy, sugar and coffee cancelled

    Disruption to the supply of animal feed has had a devastating impact on livestock. Some 70 million chickens had been slaughtered because of lack of food

    Striking truckers in Brazil have disrupted supplies and exports from one of the world's agricultural powerhouses, triggering the premature slaughter of millions of chickens as feed failed to reach farmers. The strike over high fuel prices has paralyzed Brazil, the top global exporter of soybeans, sugar, coffee and chicken.