Brazil

Monday, June 22nd 2020 - 10:00 UTC
Major European investors warn Brazil with divestment if Amazon deforestation is not stopped

Major European investment firms have said they will divest from beef producers, grains traders, and even government bonds in Brazil if they do not see progress in resolving the surging destruction of the Amazon rainforest.
Saturday, June 20th 2020 - 10:20 UTC
Record breaking Brazil: over a million Covid-19 cases and 50,000 deaths

Brazil on Friday passed a total of more than 1 million COVID-19 cases, and nearly 50,000 deaths, according to Health Ministry data, in a new nadir for the world's second worst-hit country.
Saturday, June 20th 2020 - 09:29 UTC
Bolsonaro changes Brazilian soccer broadcasting rules and players' contracts

Brazilian soccer clubs are free to negotiate broadcast rights for own home games without requiring a green light from their opponents, according to a new decree issued by the country’s president on Thursday.
Friday, June 19th 2020 - 11:46 UTC
Cargill Brazil's CEO warns Bolsonaro family and friends “it is not even smart” to insult China

Insults by Brazilian government officials aimed at China, the country’s main trading partner, are detrimental to Brazil’s business interests and “not even very smart,” the chief executive of Cargill’s local operations said this week.
Friday, June 19th 2020 - 11:30 UTC
Bolsonaro's 'terrible spelling' education minister steps down: “this time it is true”

Brazilian President Jair Bolsonaro's education minister, Abraham Weintraub, announced his resignation on Thursday after finding himself embroiled in a series of controversies and scandals.
Friday, June 19th 2020 - 09:56 UTC
Bolsonaro family's alleged 'graft background' coming to light in their Rio do Janeiro turf

Brazilian police on Thursday arrested a former aide to Jair Bolsonaro’s eldest son in a graft investigation threatening to undermine the president’s pledge to crack down on corruption and ratchet up his battle with the judiciary.
Thursday, June 18th 2020 - 12:36 UTC
Brazil retail sales plunge in April anticipating a major contraction of the economy

Brazilian retail sales plunged at a record pace in April as social isolation measures choked spending, official figures showed indicating the economy’s contraction in the second quarter could be even more severe than anticipated.
Thursday, June 18th 2020 - 12:32 UTC
Brazil slashes benchmark interest rate 75 basis points to a record low of 2,25%

Brazil’s central bank cut its benchmark interest rate by 75 basis points to a record low of 2.25% on Wednesday, as expected, and said there was some room left for further monetary stimulus to support an economy ravaged by the coronavirus pandemic.
Thursday, June 18th 2020 - 12:29 UTC
Brazil's service sector slumped 11,7% in April on a year on year basis

Services activity in Brazil slumped 11.7% in April, figures showed on Wednesday, the biggest fall since comparable record-keeping began nearly a decade ago as social isolation measures to combat the COVID-19 outbreak slammed the economy into reverse.
Wednesday, June 17th 2020 - 17:57 UTC
Brazil temporarily lowers biodiesel content of diesel, given the strong demand from harvest time

Brazil's National Petroleum Agency, ANP, temporarily reduced the volume of biodiesel blended with diesel sold at the pump to 10% from 12% for the next five days in an emergency move, the country's lead regulator for the oil and natural gas industry said Tuesday.