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MercoPress, en Español

Montevideo, November 24th 2024 - 14:42 UTC

Brazil

  • Saturday, March 25th 2023 - 10:26 UTC

    Former Brazilian President Rousseff to chair BRICS Bank

    Rousseff participated in the founding of the NDB in 2014

    Former Brazilian President Dilma Rousseff has been elected Friday to head the New Development Bank (NDB), also known as the BRICS Bank to replace Marcos Troyjo, who had held the post since July 2020. Rousseff will remain at the helm of the Shanghai-based financial institution until the end of Brazil's mandate in July 2025. Each BRICS country (Brazil, Russia, India, China, and South Africa) chairs the bank for rotating five-year terms. She will take office later next week during President Luiz Inácio Lula Da Silva's visit.

  • Saturday, March 25th 2023 - 10:23 UTC

    Lula reschedules departure for China after pneumonia diagnosis

    It will be Lula's first trip to China since becoming President for the third time

    Brazilian President Luiz Inácio Lula Da Silva postponed his departure for China after being diagnosed with a mild case of pneumonia, Agencia Brasil reported.

  • Saturday, March 25th 2023 - 10:21 UTC

    Bolsonaro returning to Brazil on March 30

    Ciro Nogueira confirmed he will be at Brasilia's airport on Thursday to welcome Bolsonaro back to the country

    Former President Jair Bolsonaro will be returning to Brazil on March 30 after leaving the country in late December even before completing his 4-year term as head of state, in a move to avoid attending current President Luiz Inácio Lula Da Silva's Jan. 1 inauguration, it was announced.

  • Friday, March 24th 2023 - 10:23 UTC

    At least 13 dead in Brazilian favela police raid

    “All our armored vehicles and aircraft received several rifle shots,” he also pointed out, Police Spokesman Fabrício Oliveira told reporters.

    At least 13 people died Thursday after a law enforcement raid in a Brazilian favela (shantytown) located in Rio de Janeiro seeking to capture members of the so-called Comando Vermelho (Red Command) outlaw group.

  • Thursday, March 23rd 2023 - 10:51 UTC

    Brazil would like to see Argentina join BRICS, FM says

    The issue will have to be discussed at the next BRICS summit because Lula's upcoming meeting with Xi Jinping will be of a bilateral nature, Vieira also explained

    Brazil's Foreign Minister Mauro Vieira told the website Metrópoles that his country would like to have Argentina join the BRICS group, but insisted that for such a move to happen it would depend on the consensus from the other bloc members (Russia, India, China, and South Africa).

  • Thursday, March 23rd 2023 - 10:45 UTC

    Brazil central bank keeps rate unchanged despite Lula's government complaints, “the highest in the world”

    “The Committee emphasizes that it will persist until the disinflationary process consolidates and inflation expectations anchor around its targets”

    The Brazilian Central kept interest rates unchanged for the fifth consecutive policy meeting on Wednesday, increasing concern and criticism from the government of president Lula da Silva. The bank's rate-setting committee, Copom, maintained its Selic benchmark interest rate at 13.75%. The decision, which defied intense pressure from the government of Lula da Silva, matched the expectations of analysts.

  • Thursday, March 23rd 2023 - 10:16 UTC

    Brazil's Food Purchase Program re-launched

    “We don't just want to eat three times a day...,” Lula said

    Brazil's government Wednesday re-launched the Food Purchase Program (PAA) that used to exist in President Luiz Inàcio Lula Da Silva's previous administrations. The new format will focus on expanding production from minority groups and land reform measures, Agencia Brasil reported.

  • Thursday, March 23rd 2023 - 10:14 UTC

    Brazil: Minister Haddad not happy about Selic rate remaining unchanged

    According to Haddad, Brazil's situation is different from that of the main international economies

    Brazil's Finance Minister Fernando Haddad found the Monetary Policy Committee (Copom)'s decision to leave the basic Selic interest rate unchanged at 13.75% per year “very worrisome,” particularly because new increases were not ruled out for the near future, Agencia Brasil reported.

  • Wednesday, March 22nd 2023 - 10:35 UTC

    Lula insists in criticizing central bank autonomy: current rate of 13,75% is “irresponsible”

    Lula has repeatedly argued that the central bank autonomy as “nonsense”. “What I want to know is the result of the high rate”

    Brazilian President Luiz Inacio Lula da Silva criticized on Tuesday the country's central bank, saying that an interest rate of 13.75% - its current level - is “irresponsible,” adding he will continue to fight the current level to stimulate the economy.

  • Tuesday, March 21st 2023 - 09:55 UTC

    Enslaved Paraguayan workers freed in Rio de Janeiro

    The 19 Paraguayans had been brought in blindfolded and were not aware that they were in Rio de Janeiro

    Brazil's Federal Police Monday freed 19 Paraguayan nationals who were working at a Rio de Janeiro clandestine cigarette factory in slave-like conditions, Agencia Brasil reported. The workers arrived in Brazil blindfolded and did not even know they were in the municipality of Duque de Caxias, in Baixada Fluminense.