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MercoPress, en Español

Montevideo, December 16th 2025 - 22:35 UTC

Brazil

  • Wednesday, August 23rd 2017 - 09:55 UTC

    Temer prepared to privatize one of Brazil's jewels of the crown

    The transaction should be concluded by mid-2018 and could involve the sale of new stock to help replenish Eletrobras capital, Minister Fernando Coelho Filho said.

    Brazil's surprise move to privatize Centrais Eletricas Brasileiras SA sent the utility's shares soaring nearly 50% on Tuesday as investors bet the plan augured further moves to loosen the government's grip on the economy.

  • Sunday, August 20th 2017 - 13:14 UTC

    Batista family, Brazilian meatpacker JBS main shareholder face several civil lawsuits

    Brazil's BNDES, whose investment arm is JBS' No. 2 shareholder, said it would endorse a civil lawsuit against management and the billionaire Batista family

    JBS SA will proceed with plans to list a U.S.-based unit when market conditions allow, as the world's No. 1 meatpacker wrestles with a shareholder revolt over the role of the controlling Batista family in a massive graft scandal. In a conference call to discuss second-quarter results, CEO Wesley Batista said JBS Foods International Inc could be listed by the end of next year, once parent JBS finalizes 6 billion Reais (US$1.9 billion) in asset sales to cut debt and restore investor confidence.

  • Saturday, August 19th 2017 - 08:31 UTC

    UK envoy in Brazil promotes trade and scientific cooperation

    UK Trade Envoy for Brazil, Mark Prisk MP (C) with some of the new scholars from Recife (Pic Twitter)

    Mark Prisk, the UK’s trade envoy to Brazil makes his first visit to Recife this year with the purpose of increasing dialogue between the region and United Kingdom. He will discuss topics such as trade, smart cities and the UK government’s international awards scheme, Chevening in bilaterals with Porto Digital and Fiepe. The Trade Envoy was previously in São Paulo in where he held meetings with government and private sector representatives.

  • Friday, August 18th 2017 - 21:10 UTC

    Brazilian economic activity (and optimism) picking up

    The central bank reduced the benchmark Selic interest rate to the lowest in four years as inflation plunged below the bottom end of its target range.

    Economic activity in Brazil expanded at a faster pace than expected in June, the latest in a batch of reports suggesting an economic recovery may be taking hold. Economic activity rose 0.50% from May after seasonal adjustments, the central bank said on Thursday.

  • Tuesday, August 15th 2017 - 10:45 UTC

    Brazil opens first corn ethanol plant; the country leads in sugarcane ethanol

    Brazil is the biggest sugarcane ethanol producer globally. The US, meanwhile, is the top ethanol producer, relying mainly on corn as feedstock.

    Brazilian company FS Bioenergia inaugurated a corn ethanol plant, the first in the country, to produce 210 million liters year. The plant was built by a joint venture between the local agro-company Fiagril and US-based Summit Agricultural Group with investments of BRL 450 million (US$ 141.1m), said the Ministry of Agriculture, Livestock and Farming.

  • Tuesday, August 15th 2017 - 09:34 UTC

    Temer and Meirelles discussing with congress leaders budget deficit and cabinet positions

    Finance Minister Henrique Meirelles wanted to wait until September to weigh looser budget goals, but agreed to move up talks under pressure from Congress.

    Brazil's government delayed the announcement of looser budget targets for 2017 and 2018, previously expected for Monday, as authorities struggled to estimate revenues given strong opposition in Congress to tax hikes.

  • Monday, August 14th 2017 - 12:02 UTC

    Brazil’s Pre-Salt Extraction Costs Fall To US$8 Per Barrel

    In June Brazilian oil output rose from May to a daily average of 2.675 million barrels. Production in the pre-salt areas jumped to an average of 1.353 million bpd

    By Haley Zaremba from Oilprice - Not too long ago Brazilian state oil company Petrobras was the most indebted oil & gas company in the world. The long-suffering company has faced dire mismanagement while being weighed down by allegations of involvement in Brazil’s widespread corruption. But that’s all changing.

  • Friday, August 11th 2017 - 11:57 UTC

    Temer heckled after addressing a business conference in Rio do Janeiro

    Temer was booed as he left the stage at the SulAmerica Convention Center in Rio after presenting his administration’s austerity proposals at the ENAEX trade fair

    President Michel Temer, whose popularity is the lowest for a Brazilian head of state in decades and who last week was spared from standing trial on corruption charges by the vote of his allies in Congress, was booed at the conclusion of his appearance at a trade fair in Rio do Janeiro.

  • Friday, August 11th 2017 - 11:36 UTC

    Massive 356 kilos emerald unearthed in northern Brazil

    This incredible emerald specimen stands 1.3 meters tall and is valued at approximately US$ 309 million.

    A massive 356 kilos emerald was unearthed recently by miners inside the Carnaiba Mine in Brazil. This incredible emerald specimen stands 1.3 meters tall and is valued at approximately US$ 309 million.

  • Thursday, August 10th 2017 - 20:05 UTC

    Brazil´s annualized inflation in July was 2.71%, the lowest since 1999

    IBGE statistics said prices rose 0.24% in July from the previous month, which had registered a monthly price drop of 0.23%, the first decline since 2006.

    Brazilian prices rose in July at an annual rate of 2.71%, the lowest for 18 years, the government statistics office said Wednesday. This was good news for consumers in Latin America's biggest economy, which is inching out of its deepest recession in history, and was considered likely to lead to sharper interest rate cuts.