Brazil

Tuesday, October 3rd 2017 - 07:33 UTC
Judge Moro says Petrobras corruption probe is nearing an end

The judge overseeing a sprawling corruption probe into billions of dollars in kickbacks to Brazilian politicians and officials said Monday that the investigation is nearing an end. Judge Sergio Moro didn't set a timeline for when the “Car Wash” probe might wrap up. However, he said he is personally “a bit tired” of the work and believes it is in its final phases.
Thursday, September 28th 2017 - 05:04 UTC
Ex minister Palocci 's KO jab to Lula and Rousseff's defense

Former Minister, Antonio Palocci, has sent a letter to the president of the Brazilian Workers' Party (PT), senator Gleisi Hoffmann (PR), requesting to step down from the party founded in the eighties by ex president Lula da Silva.
Tuesday, September 26th 2017 - 13:06 UTC
Brazilian government revokes decree opening Amazon reserve to mining

The Brazilian government has revoked a controversial decree that would have opened up a vast reserve in the Amazon to commercial mining. The area, covering 46,000 sq km, straddles the northern states of Amapa and Para and is thought to be rich in gold, iron, manganese and other minerals.
Tuesday, September 26th 2017 - 11:35 UTC
Brazil's beef exports recovering strongly: 1.91m tons forecasted in 2018

Brazil's beef exports will return close to a record high net year, encouraged by revived growth in the cattle herd, and the industry's success in avoiding lasting bans from importers over a slaughterhouse scandal.
Tuesday, September 26th 2017 - 10:45 UTC
UK praises Brazil for its continued commitment to human rights

The United Kingdom thanked Brazil for its continued commitment to the Universal Periodic Review process, which took place at the Palais del Nations in Geneva, during the 27th Session of the Universal Periodic Review on 21 September 2017. The UPR is a process which involves a review of the human rights records of all UN Member States. The UPR is a State-driven process, under the auspices of the Human Rights Council.
Saturday, September 23rd 2017 - 10:36 UTC
Brazil elections in 2018, for the first time will be observed by OAS

The Organization of American States (OAS) will deploy an Electoral Observation Mission to Brazil’s general elections scheduled for October 2018. It will be the first time the hemispheric organization observes elections in Brazil.
Saturday, September 23rd 2017 - 10:01 UTC
Brazilian central bank optimistic about next year; growth 2,2% and inflation 4.3%

Brazil’s central bank trimmed its inflation forecast on Thursday and said it expected economic growth to pick up into next year, painting a rosier picture for Latin America’s largest economy as interest rates approach record lows.
Friday, September 22nd 2017 - 09:07 UTC
Brazil fears Venezuelan default on US$ 5bn contracts: it missed US$ 262m payments

Brazilian officials plan to visit Venezuela next week to prevent Caracas from defaulting on contracts worth as much as US$5 billion after falling in arrears on a payment due to infrastructure contractors this month, newspaper Folha de Sao Paulo reported on Thursday.
Thursday, September 21st 2017 - 08:09 UTC
Why would I like to meet my neighbors in the Falkland Islands?

The Government of the Falkland Islands and the British Embassies in Uruguay, Brazil and Chile invite university students to participate in a regional competition to visit the Falkland Islands.
Wednesday, September 20th 2017 - 22:26 UTC
Petrobras recovers significant investment risk and trims debt burden

Petrobras raised US$2 billion from the sale of seven- and 10-year securities, replacing more expensive shorter-dated bonds as it seeks to trim a debt burden that is the largest among major oil firms. Petrobras sold US$1 billion each worth of senior unsecured bonds due in 2025 and 2028, respectively. Market experts said Petrobras sold the January 2025 bond at a yield of 5.3%, and the January 2028 bond at 6%.