Brazil

Tuesday, December 15th 2015 - 08:36 UTC
Brazil in recession, but farming is booming with the 29% fall of the Real

Financial and political turmoil that have Brazil on the brink of a depression is also contributing to one of the best years ever for domestic farmers. Economic stress and a weak currency has facilitated export revenue for everything from soybeans to beef to coffee.
Tuesday, December 15th 2015 - 08:32 UTC
Brazil's Central bank Focus weekly negative report

Analysts expect Brazil's economy to contract by 3.62% this year, with inflation hitting 10.61%, the Central Bank said Monday. GDP and inflation estimates come from the Boletin Focus, a weekly Central Bank survey of analysts from about 100 private financial institutions on the state of the national economy.
Monday, December 14th 2015 - 08:17 UTC
Brazil's harvest for 2016 estimated at 209.3 million tons, slight drop from 2015

Brazil's harvest in 2016 will reach 209.3 million tons, which is 0.5% less than in 2015 according to the estimates from the Brazilian stats institute, IBGE. The fall is related to less crops of oilseeds, cereals and legumes in the centre west of the vast country, which is also the main farming area, as well as in the north.
Monday, December 14th 2015 - 08:03 UTC
A compliment disguised as a joke wins a glass of wine...in the face

One of Brazil’s most powerful women says she was only defending her honor when she tossed a glass of white wine in the face of an equally powerful elected official who called her a “man-eater.”
Monday, December 14th 2015 - 07:49 UTC
Moody's downgrades Petrobras credit rating; warns of difficulties to raise cash through asset sales

Moody's Investors Service has lowered Brazilian state-controlled oil company Petrobras' credit rating further into junk territory and warned of a possible further downgrade. “These rating actions reflect Petrobras' elevated refinancing risks in the face of deteriorating industry conditions that make it more difficult to raise cash through asset sales,” the New York-based ratings agency said Wednesday.
Monday, December 14th 2015 - 07:28 UTC
Rousseff's 'impeachment debate' takes to the streets with thousands turning out

Thousands of Brazilians took to the streets on Sunday to demand that embattled President Dilma Rousseff, facing a weak economy and a major political crisis including calls for her impeachment, be removed from office.
Saturday, December 12th 2015 - 06:56 UTC
Petrobras not selling any stake of its giant Libra offshore oil prospect

Petrobras, is not considering selling a 10% stake in its giant Libra offshore oil prospect at this time, Brazil's state-run oil company said on Friday. Petrobras was responding to a report on Tuesday that industry sources had been told by the company that the Libra stake was on offer.
Saturday, December 12th 2015 - 02:55 UTC
All presidents confirmed attendance of Mercosur summit, including Macri and Maduro

The presidents of Mercosur member-countries have confirmed attendance to the group's summit scheduled for next 21 December and hosted by Paraguay, the country that currently holds the rotating chair, according to diplomatic sources in Asuncion.
Friday, December 11th 2015 - 07:54 UTC
Corruption among members of Brazil's congress is “across the board”

Corruption among members of Brazil's Congress is 'across the board', involves most parties and the whole system, and as such the recent beginning of impeachment proceedings against president Dilma Rousseff is no exception.
Thursday, December 10th 2015 - 12:01 UTC
Brazilian congress joins FIFA investigation; CBF former head will give evidence next week

A former head of the Brazilian Football Confederation (CBF) who was indicted in the United States last week in an investigation into corruption in FIFA and the business of soccer, has agreed to give evidence to Brazil's Congress, Senator Romario said on Wednesday.