Brazil

Wednesday, June 15th 2016 - 11:46 UTC
Rio Games receive the blessing from Olympic Committee president

International Olympic Committee president Thomas Bach said on Tuesday he was “happy” with interim Brazilian president Michel Temer's commitment to the Rio Games, following his first meeting with the host country's new leader.
Tuesday, June 14th 2016 - 08:32 UTC
Brazil and Argentina crop problems raise demand for US supplies

Domestic supplies of corn and soybeans will be tighter than expected in the United States as problems with crops in Brazil and Argentina have raised demand for U.S. supplies from overseas buyers, the U.S. Agriculture Department. In its latest monthly supply and demand report, the government cut its new-crop and old-crop ending stocks outlooks for both corn and soybeans by more than analysts had forecast.
Tuesday, June 14th 2016 - 08:22 UTC
Petrobras pre-salt fields production climb to a new high in May: 1.1MMboe/d

Petrobras’s oil production in Brazil averaged 2.16 MMboe/d in May, its fifth highest monthly figure to date. The growth was due mainly due increases from the company’s pre-salt fields, with new wells connected to the FSPO Cidade de Maricá serving the Lula field in the Santos basin.
Monday, June 13th 2016 - 15:45 UTC
US and Brazil studies confirm the presence of the “super bacteria” in Rio beaches and lagoons

Scientists have found dangerous drug-resistant “super bacteria” off beaches in Rio de Janeiro that will host Olympic swimming events and in a lagoon where rowing and canoe athletes will compete when the Games start on August 5.
Monday, June 13th 2016 - 07:44 UTC
Brazil's fiscal accounts “worse than ever imagined” confesses Temer

Brazil's fiscal accounts were in worse shape than initially thought after the suspension of Dilma Rousseff, underscoring the challenge facing the country's new economic team, acting President Michel Temer said.
Monday, June 13th 2016 - 06:54 UTC
Rousseff called as a defense witness over the Petrobras corruption scandal

Brazilian President Dilma Rousseff, suspended from office pending her impeachment trial, has been called as a defense witness for a key figure in the Petrobras corruption scandal, court documents show. The case involves Marcelo Odebrecht, the former head of a family-owned construction company who was sentenced to 20 years in prison for his role in the mammoth corruption scandal centered on the state oil giant.
Saturday, June 11th 2016 - 07:38 UTC
Rousseff calls for a referendum on holding early elections

Brazil's suspended president Dilma Rousseff said she would call a referendum on holding early elections if she is reinstated as president, an offer analysts saw as a bid to sway undecided senators to help clear her in an impeachment trial.
Friday, June 10th 2016 - 09:54 UTC
Brazil and Paraguay 'deeply' concerned with the economic and human rights condition in Venezuela

Brazil and Paraguay foreign ministers Jose Serra and Eladio Loizaga expressed “deep concern” with the Venezuela crisis situation, particularly the “economic and human rights continued deterioration”, and reiterated their two countries willingness to cooperate and promote dialogue.
Thursday, June 9th 2016 - 09:27 UTC
Brazilians want fresh elections; 62% believe Rousseff's impeachment was the right decision

The government of Interim President Michel Temer has a low approval rating among Brazilians and a majority of the country wants new elections to be held this year, according to a poll released on Wednesday.
Thursday, June 9th 2016 - 09:06 UTC
Brazil's central bank leaves interest rate unchanged at 14.25%

Brazil held interest rates steady for the seventh straight time on Wednesday, resisting pressure to slash borrowing costs amid a recession as inflation remains near double digits. In a unanimous vote, the central bank's monetary policy committee, Copom, decided at its last meeting led by governor Alexandre Tombini to keep its benchmark Selic rate at 14.25%, the highest in nearly a decade.