Brazil

• Saturday, May 18th 2024 - 11:07 UTC

  China purchasing 95,000 tons of beef monthly from Brazil

  

  April 2024 was a historic milestone in beef exports for Brazil having shipped 236,842 tons, generating revenues totaling US$ 1.043 billion, points out Agrilink. Leading the list was China, trailed closely by the United Arab Emirates and Hong Kong, which experienced a substantial 38.9% surge in imports compared to March 2024, driven by increased demand for beef offal.

• Friday, May 17th 2024 - 19:35 UTC

  Brazil to host 2027 women's football World Cup

  

  Brazil was chosen Friday by 119 votes to 78 to host the 2027 edition of the Women's Football World Cup, it was announced in Bangkok, Thailand, where the sport's governing body, FIFA, held its General Assembly. The South American country was preferred to the consortium formed by Belgium, the Netherlands, and Germany. It will be the tenth version of the competition and the first in this part of the globe.

• Wednesday, May 15th 2024 - 19:54 UTC

  Petrobras' shares plummet after Prates' departure from CEO post

  

  Brazilian President Luiz Inácio Lula da Silva's decision to have Jean-Paul Prates removed as CEO of the State-run oil company Petrobras resulted in shares dropping more than 8% at the Sao Paulo Stock Exchange on Wednesday. Ordinary shares (PETR3) fell 8.36% while preferred shares (PETR4) went down 6.75%, it was reported. In addition, Petrobras' ADRs (American Depositary Receipt) in New York were down around 7.5% on Wednesday.

• Wednesday, May 15th 2024 - 19:20 UTC

  Lula orders major reshuffle at Petrobras' helm

  

  President Luiz Inácio Lula da Silva has ordered a reshuffle at the top of Brazil's state-run oil company Petrobras, with Magda Chambriard replacing Jean-Paul Prates as CEO, Agencia Brasil reported. Following the head of state's decision late Tuesday, the board of directors approved the early termination of Prates' term Wednesday morning. In the meantime, and until Chambriard takes office, Corporate Affairs Executive Director Clarice Coppetti has been appointed on an interim basis.

• Wednesday, May 15th 2024 - 16:45 UTC

  Brazil allows unrestricted entry of international donations and used equipment for Rio Grande do Sul

  

  Given the calamity conditions in the southern state of Rio Grande do Sul, because of the floods and prospects of further rainfall, leaving at least two million people displaced, the government of Brazil has allowed the unrestricted entry of international donations into RGdoS for the ensuing 30 days.

• Tuesday, May 14th 2024 - 20:51 UTC

  BRICS Bank comes to Rio Grande do Sul's rescue

  

  The Shanghai-based New Development Bank (NDB) will grant funding worth R$ 5.7 billion (US$ 1.1 billion) to rebuild the Brazilian State of Rio Grande do Sul still grappling to recover from the unprecedented storms since April 29, Agencia Brasil reported Tuesday. The NDB, also known as the BRICS Bank, will release the money through a partnership with the Banco do Brasil (BB), the National Bank for Economic and Social Development (Banco Nacional de Desenvolvimento Econômico e Social - BNDES), and the Regional Development Bank of the Far South (Banco Regional de Desenvolvimento do Extremo Sul - BRDE).

• Monday, May 13th 2024 - 19:38 UTC

  Brazil's Central Bank ups expansion forecast for 2024 to 2.09%

  

  According to the latest issue of the Focus bulletin released Monday by Brazil's Central Bank (BCB), the economy in South America's largest country will grow by 2.09% this year, which represented an improvement from the previous 2.05% forecast, Agencia Brasil reported. The study also foresaw a yearly inflation of 3.76%.

• Monday, May 13th 2024 - 10:49 UTC

  Massive aid promised to Rio Grande do Sul to overcome floods of biblical proportions

  

  The Inter American Development Bank, IDB, has announced a package of emergency measures, plus humanitarian aid and special credits for rebuilding infrastructure in the Brazilian state of Rio Grande do Sul currently suffering from the worst floods in a century, with hundreds dead and disappeared, and over a million of the eleven million population forcibly displaced.

• Monday, May 13th 2024 - 10:48 UTC

  Brazil to buy rice from Mercosur countries to feed storm-hit Rio Grande do Sul

  

  Brazil's National Supply Company (Conab) has been entrusted with purchasing one million tons of rice to feed the people of Rio Grande do Sul and avoid the intervention of middle people seeking a black market profit from the victims of the unprecedented storms. Under normal circumstances, Rio Grande do Sul accounts for 70% of Brazil's rice production.

• Saturday, May 11th 2024 - 10:50 UTC

  Death toll in storm-hit Rio Grande do Sul updated to 116

  

  The total number of casualties in the Brazilian State of Rio Grande do Sul affected by unprecedented heavy rains has been updated to 116 as bad weather has been forecast to continue over the weekend. Volumes estimated to be around 115 millimeters would again put pressure on the already overflowing rivers, according to Presidential Information Minister Paulo Pimenta.