Brazil

Thursday, July 6th 2017 - 06:57 UTC
Brazilian plan to review purchase of Bolivian natural gas

Petrobras should cut the maximum amount of natural gas it buys from neighboring Bolivia in half in an effort to encourage domestic importers and distributors to enter the market, according to a Brazilian government study.
Thursday, July 6th 2017 - 06:42 UTC
Petrobras awards pipeline inspection services contract to Fugro and its new vessel

Netherlands Fugro has been awarded a further two-year contract by Petrobras to provide comprehensive inspection, repair and maintenance (IRM) and pipeline inspection services in Brazil.
Wednesday, July 5th 2017 - 20:52 UTC
Brazilian industrial output grows for a second month during May

Industrial output in Brazil rose for a second straight month in May, government data showed on Tuesday, underpinning hopes that the economy will not fall back into recession despite an escalating political crisis.
Wednesday, July 5th 2017 - 08:29 UTC
Close ally of President Temer arrested on charges of corruption in state bank

Brazilian police have arrested a close ally of President Michel Temer as part of a corruption investigation into a government-controlled bank. Geddel Vieira Lima, a former cabinet minister, had been in charge of Temer's relations with Congress.
Wednesday, July 5th 2017 - 03:31 UTC
Brazil records brand new car sales recovery in first half of 2017

The sale of brand new cars in Mercosur giant Brazil went up 3.65 percent in the first half of 2017 compared to the same period of 2016 and crossing the psychologically significant 1-million-unit mark, according to auto industry sources. Brazil has been a traditional top-10 global market for cars.
Tuesday, July 4th 2017 - 02:57 UTC
Announcement in Madrid: EU-Mercosur deal likely by end of year

European Union (EU) Trade Commissioner Cecilia Malmström said Monday in Madrid that the EU bloc “hopes to announce a political agreement for this Christmas in Buenos Aires” with Mercosur “even though technical aspects remain to be discussed.”
Tuesday, July 4th 2017 - 02:25 UTC
Former Temer aide arrested for obstructing corruption investigation

Geddel Vieira Lima, a former Secretary of Government of President Michel Temer's, was placed under preventive arrest on Monday over a loan that state-owned bank Caixa Econômica Federal handed over to meat, finance and real estate firms between 2011 and 2013, it was announced.
Saturday, July 1st 2017 - 00:47 UTC
Brazil kept running through general strike and political crisis

Brazil went through Friday's general strike, the second of its kind called for by labour unions against the economic reforms President Michel Temer intends to bring about, with business nearly unaffected in major cities, Brasilia excluded. Temer's personal involvement in alleged cases of corruption seemed to have had little or no impact on the workers' decision.
Friday, June 30th 2017 - 03:14 UTC
Unions to hold second strike against Temer's reforms

Brazil's union federations will hold a second strike on Friday with demonstrations against the government's economic reforms and to demand the resignation of President Michel Temer, who has vowed to approve labour flexibility in the coming weeks.
Wednesday, June 28th 2017 - 18:49 UTC
Takata to continue manufacturing airbags in Uruguay despite bankruptcy

The Uruguayan plant of the Japanese airbag manufacturer Takata, which has filed for bankruptcy protection in the United States and Japan, will continue to operate normally, Takata Uruguay plant manager José Enrique Alonso explained.