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MercoPress, en Español

Montevideo, March 5th 2026 - 21:28 UTC

Brazil

  • Saturday, June 22nd 2024 - 09:37 UTC

    Lula believes Selic should have been lowered

    After Dec. 31 Lula will have the opportunity to choose a new BCB CEO

    Brazilian President Luiz Inácio Lula da Silva was strongly critical of his country's Central Bank's (BCB) decision not to lower the benchmark Selic interest rate this week and leave it at 10.5% per annum instead.

  • Friday, June 21st 2024 - 11:01 UTC

    Argentina answers requirement from Brazil's STF regarding Jan. 8 fugitives

    An extradition request has not yet been filed against these people allegedly involved in the Jan. 8, 2022, riots in Brasilia

    Argentina's Foreign Ministry sent a note to its Brazilian counterpart explaining the situation of 83 asylum seekers from that country who had fled to avoid jail following their alleged involvement in the Jan 8., 2022, riots in Brasilia, it was reported Thursday in Buenos Aires after some government officials denied these refuge requests existed. Buenos Aires' note was in response to a requirement from the Supreme Federal Court (STF).

  • Thursday, June 20th 2024 - 19:17 UTC

    Montevideo remains the most expensive city in the region

    The Uruguayan capital ranked 42nd in the world according to Mercer's list released this week

    Montevideo remained South America's most expensive place to live according to the Mercer Ranking released this week, closely followed by Buenos Aires, a place that has been moving up fast since President Javier Milei's Dec. 10, 2023, inauguration. The list helps multinational employers plan their strategies regarding compensations and other expenses, it was explained. Hong Kong stayed at the top, followed by Singapore, and Sitzerland's Zurich, Geneva, and Basel.

  • Thursday, June 20th 2024 - 15:25 UTC

    Fearing inflation ahead, Brazil's central bank leaves basic rate unchanged at 10,50%

    Brazil's central bank decisions are key since for many regional economies, in the short list of trade partners figures strongly Brazil and the Real currency.

    With budget overspending and prospects of higher inflation in weeks ahead, the Brazilian central bank, independent from the Executive, kept the Selic rate unchanged at 10.50%. This means there are no expectations for a resumption of the rates easing cycle this year.

  • Thursday, June 20th 2024 - 10:55 UTC

    Petrobras CEO says oil will lead Brazil's energy transition

    Chambriard has already been in charge of the company since late May when she replaced Jean-Paul Prates

    Despite being de-facto the new CEO of Brazil's state-run oil company Petrobras for a while, Magda Chambriard took her oath of office Wednesday during a ceremony in Rio de Janeiro, Agencia Brfasil reported. In her speech at the event attended among others by President Luiz Inácio Lula da Silva, Chambriard insisted that oil would lead the way into energy transition progressively reducing carbon emissions and zeroing them by 2050.

  • Wednesday, June 19th 2024 - 09:49 UTC

    Rio Grande do Sul's death toll updated to 177

    Fraport not leaving Salgado Filho airport despite local CEO's remarks

    According to an updated report on the floods in the Brazilian state of Rio Grande do Sul released Tuesday, 177 people had perished while 37 others were still unaccounted for. Agencia Brasil also said some 10,000 people were still in shelters as Civil Defense authorities issued a new heavy rain alert after at least 19 municipalities were damaged by new floods this past weekend.

  • Tuesday, June 18th 2024 - 20:50 UTC

    Foreign travelers keep pouring into Brazil and skipping Argentina

    Even Argentine travelers prefer Brazil over their own country given the high prices under Milei

    While Brazil welcomed a 14.8% growth in the number of foreign tourists in May this year from the same month of 2023, Argentina's domestic leisure travel showed a decline of nearly 65% during this past three-day weekend encompassing the June 17 National Holiday.

  • Tuesday, June 18th 2024 - 09:32 UTC

    Brazil joins Strasbourg Convention regarding convicted people

    The legal mechanism gives foreigners who have committed crimes in other jurisdictions the possibility of serving their sentence in their countries of origin

    Brazil has joined the Strasbourg Convention on the Transfer of Convicted Persons applying to any requests involving countries that have ratified the treaty. The agreement seeks to facilitate the social reintegration of the convicted person, giving foreigners who have committed crimes in other jurisdictions the possibility of serving their sentence in their countries of origin, Brazil's Justice Ministry explained.

  • Tuesday, June 18th 2024 - 09:26 UTC

    Brazil among less competitive economies but better than Argentina

    “We are suffocating the Brazilian productive chain,” Tadeu explained

    According to a report released this week by the Swiss Business School's Institute for Management Development (IMD), Brazil ranked 62nd this year after falling two notches in the list drawn considering statistics and opinion polls among businesspeople.

  • Monday, June 17th 2024 - 07:49 UTC

    Russia-Ukraine War: Argentina signs Bürgenstock Declaration; Brazil does not

    Lula chose to skip the convention “because Brazil would only take part in the discussion on peace when the two sides in the conflict were sitting at the table”(Pic AP)

    Argentine President Javier Milei joined the list of dignitaries endorsing the Bürgenstock Declaration in favor of peace in Ukraine while Brazil's Luiz Inácio Lula da Silva was among those very few who did not because in his view only negotiations involving both belligerent parties (Ukraine and Russia) were worth considering.