Brazil

• Wednesday, August 30th 2023 - 09:38 UTC

  Minerva's latest move shakes up Uruguay's meat processing landscape

  

  Conrado Ferber, President of the National Meat Institute (INAC) of Uruguay, expressed his concerns on Tuesday regarding Minerva Foods' proposed acquisition of three meat processing plants from Marfrig. If the deal is finalized, it would result in one of the Brazilian multinational corporations controlling 45% of the southern country slaughterhouse market.

• Wednesday, August 30th 2023 - 08:02 UTC

  Brazil closely monitoring evolution of Chinese economy: real estate sector linked to iron ore exports

  

  Brazil is keeping close track of events and performance of the Chinese economy, particularly those areas that might have an impact on the exports of the leading and largest South American economy.

• Tuesday, August 29th 2023 - 10:02 UTC

  Brazil: Temporary tax on the super-rich enacted

  

  Brazilian President Luiz Inácio Lula da Silva Monday enacted a provisional measure (MP) providing for the collection of taxes of between 15% and 20% on exclusive funds with a single shareholder, Agência Brasil reported.

• Tuesday, August 29th 2023 - 09:59 UTC

  Marfrig and Minerva agree to major moves in the global meat markets

  

  Marfrig and Minerva the two protein production and processing giants, from Brazil, and which dominate a significant share to the global market have agreed to concentrate in different spheres of the market, in a deal that has shaken the whole industry.

• Tuesday, August 29th 2023 - 09:41 UTC

  New financing deal reached for trade between Argentina and Brazil

  

  Argentina's Economy Minister and presidential candidate Sergio Massa Monday announced after a meeting with his Brazilian colleague Fernando Haddad and with President Luiz Inácio Lula da Silva that an agreement had been reached to finance imports worth US$ 600 million, among other achievements.

• Tuesday, August 29th 2023 - 06:34 UTC

  Brazil manages record soybean exports, at lower prices, but much will now depend on the US crop

  

  Despite the slow pace of soybean trade in the past five years, the first seven months of 2023 have seen Brazil achieve a record volume of exports, reaching over 70 million tons, as reported by the country’s National Supply Company (Conab) last week.

• Monday, August 28th 2023 - 09:11 UTC

  Paraguay and Brazil agree on data exchange to expedite border crossings

  

  Mercosur partners Paraguay and Brazil have agreed to exchange migratory information to strengthen bilateral security across mutual border crossings, it was reported in Asunción.

• Monday, August 28th 2023 - 08:52 UTC

  Lula highlights the importance of Portuguese-speaking countries

  

  Brazilian President Luiz Inácio Lula da Silva Sunday insisted before the 14th Conference of Heads of State and Government of the Community of Portuguese Speaking Countries (CPLP) in São Tomé, capital of São Tomé and Príncipe, an island country off the west coast of Africa, that the group brought together almost 300 million consumers across four continents, with a GDP of US$ 2.3 trillion, Agência Brasil reported.

• Monday, August 28th 2023 - 08:20 UTC

  Massa announces measures for the poorest leading up to the elections

  

  Argentina's Economy Minister and presidential candidate on behalf of the Ruling Unión por la Patria (UP) Sunday announced a series of measures towards improving the people's situation through the current crisis ahead of the Oct. 22 elections.

• Sunday, August 27th 2023 - 15:02 UTC

  Recife subway strike ends after 23 days

  

  Workers of Recife's underground have announced the end of their 23-day strike. Therefore, trains in the capital of the Brazilian State of Pernambuco will be running again as of Monday, it was decided late Friday.