Brazil

Wednesday, February 8th 2017 - 08:02 UTC
Macri and Temer agree to open Mercosur and to closer ties with Mexico

The leaders of Brazil and Argentina said on Tuesday they would pursue closer ties with Mexico and other Latin American nations alarmed by U.S. President Donald Trump's promises to tear apart trade deals and build a wall in the Mexican border to protect American jobs.
Saturday, February 4th 2017 - 06:47 UTC
Temer and Macri meet next week to make Mercosur an effective free trade space

Brazil and Argentina will attempt to eliminate trade barriers which limit or impede Mercosur trade, ensuring a free trade space, “the sooner the better”, revealed Brazilian diplomats in anticipation of the presidential summit next week, when Mauricio Macri is received by Michel Temer in Brasilia.
Friday, February 3rd 2017 - 11:33 UTC
Brazil's major corruption scandal has a new Justice who promises prudence and transparency

Brazil's Supreme Court named a new justice on Thursday to oversee cases against politicians caught in a giant corruption probe after the previous judicial point man was killed in an airplane crash.
Friday, February 3rd 2017 - 09:36 UTC
Brazil's ex first lady dies; Lula da Silva allows donations of her organs

The wife of Brazil's embattled former president Luiz Inacio Lula da Silva died on Thursday, a week after she was hospitalized with a brain hemorrhage, doctors in Sao Paulo said.“An absence of blood flow in the brain was identified,” doctors at the Sirio-Libanes hospital said, declaring Marisa Leticia Lula da Silva brain-dead.
Thursday, February 2nd 2017 - 17:35 UTC
Petrobras scandal reaches Chile: Bachelet denies receiving any financial support

Chilean President Michelle Bachelet on Wednesday denied reports she received financial support for her 2013 campaign from a construction conglomerate that is involved in Brazil's huge Petrobras corruption scandal. Grupo OAS is among dozens of Brazilian companies that are embroiled in a kickback scheme that is the biggest corruption scandal in Brazil's history.
Thursday, February 2nd 2017 - 11:12 UTC
Industrial output in Brazil dropped 6.6% last year compared to 2015

Brazil's industrial output rose in December at its fastest monthly pace in two and a half years, in a likely one-time boost that did not reverse the sharp losses of one of the worst years on record for local manufacturers.
Tuesday, January 31st 2017 - 21:56 UTC
Brazil to lift restrictions on foreign ownership of airlines and farm land

President Michel Temer will propose legislation to lift restrictions on foreign ownership of airlines and agricultural land in Brazil as he strives to pull the economy out of a two-year recession, government sources said on Monday.
Tuesday, January 31st 2017 - 21:03 UTC
Brazilian government is “meeting its budget deficit”, says minister Meirelles

Brazil's central government registered a primary budget deficit of 154.255 billion reais (US$49.40 billion) in 2016, meeting its target but recording a third consecutive annual deficit that reflects the dire state of the country's finances. In December, the country posted a primary deficit of 60.124 billion reais (US$19.25 billion).
Tuesday, January 31st 2017 - 12:07 UTC
Brazil's ex richest man jailed on return from US; he is linked to the Petrobras scandal

Former Brazilian billionaire Eike Batista on Monday turned himself in to police in Rio de Janeiro on Monday on charges related to the Petrobras corruption scandal. He was detained shortly after arriving from New York.
Monday, January 30th 2017 - 14:57 UTC
Oil industry threatens the 1.000 km long coral reef system where the Amazon meets the ocean

The first pictures of a huge coral reef system discovered in the Amazon last year have been released by environmental campaigners. The Amazon Reef is a 9,500 sq km system of corals, sponges and rhodoliths, Greenpeace says. The reef is almost 1,000 km long, and is located where the Amazon River meets the Atlantic Ocean.