Brazil

• Saturday, November 18th 2017 - 11:04 UTC

  Electronic visa program in Brazil for US, Japan, Canada and Australia visitors

  

  Visiting Brazil will soon become easier for international travelers under a new electronic visa program, starting on January 15. The entire visa process to tourists coming from the U.S., Canada, Australia and Japan will be doable online, and concluded within an estimated 72 hours.

• Friday, November 17th 2017 - 08:03 UTC

  Petrobras counts on pre-salt production to compete with a boom in US shale output

  

  Brazil's low-cost oil will help Petrobras compete in a tough market as it seeks to turn around its business, Pedro Parente, CEO of the state-owned oil giant anticipated. Oil majors such as Exxon, Mobil, BO, Royal Dutch Shell, Total and Statoil have been snapping up blocks in the Atlantic Ocean off the coast of Brazil that hold crude under thousands of meters of salt.

• Thursday, November 16th 2017 - 19:09 UTC

  Petrobras shares plunge after disappointing third quarter earnings

  

  Shares of Brazil’s Petrobras plunged 7.8% on Tuesday a day after the state-controlled oil company reported disappointing third-quarter earnings. The company also announced that during October oil production remained stable but gas was down 1.5%

• Tuesday, November 14th 2017 - 10:39 UTC

  Temer anticipates cabinet reshuffle following a division in one of the ruling coalition's main parties

  

  Brazil’s President Michel Temer will start a cabinet reshuffle that should be completed in mid-December, his press office said on Monday without providing a reason for the change. he announcement came after the resignation on Monday of Bruno Araujo, head of the Ministry of the Cities, one of four ministries held by the centrist PSDB party in Temer’s government.

• Friday, November 10th 2017 - 01:37 UTC

  American Airlines purchases ten more E 175 from Embraer Brazil

  

  Brazil's Embraer and American Airlines Inc. signed a firm order for ten E175 jets. American Airlines is exercising its purchase rights from its original contract with Embraer signed in 2013. This new order is in addition to the one placed in April for four aircraft; is valued at US$ 457 million, based on current list prices, and will be included in Embraer’s fourth-quarter backlog. Deliveries begin in 2018 and continue through mid-2019.

• Friday, November 10th 2017 - 00:50 UTC

  No end to violent deaths in Brazil: seven people killed every sixty minutes in 2016

  

  The number of violent deaths registered during 2016 in Brazil reached 61,600, a 4.7% increase compared to the previous year. This works out to seven people murdered per hour, on average, throughout the country, according to data from the Brazilian Forum on Public Safety released this week.

• Friday, November 10th 2017 - 00:48 UTC

  Brazil looking to implement rules to reduce fake news ahead of next year's election

  

  As other countries and companies such as Facebook try to deal with fake news and online manipulation issues, Brazil is looking to implement rules to reduce the deluge of false stories that could mislead voters. The country's Superior Electoral Court (TSE) is looking at ways to monitor fake news in next year's presidential elections as well as holding politicians accountable for fraudulent digital campaigns.

• Thursday, November 9th 2017 - 22:04 UTC

  Brazil central bank urges congress to approve the pension system reform

  

  Brazil’s congress needs to reform the country’s pension system while global markets are favorable or risks facing more volatility, central bank chief Ilan Goldfajn said during an event in Uruguay.

• Wednesday, November 8th 2017 - 18:11 UTC

  Petrobras looking to sell its African oil exploration venture

  

  Brazil’s Petrobras on Tuesday revealed plans to sell its stake in an African oil exploration venture as part of a wider divestment plan. The state managed oil company is looking to sell its 50% stake in Petrobras Oil & Gas BV, or Petrobras Africa.

• Wednesday, November 8th 2017 - 10:14 UTC

  Temer insists social security reform bill will pass, despite all the opposition

  

  Brazilian president Michel Temer admitted that the social security reform bill may not be put to a vote, but underlined that even if that is the case, the federal government will not be shut down.