Brazilian President Jair Bolsonaro on Friday defended his decision to restart economic activity in the middle of the coronavirus pandemic, after sacking his health minister over differences in how to tackle the disease.
Brazilian oil giant Petrobras says it’s already sold off its majority share in its fuel distribution branch, and hopes the total sale will raise about US$ 2.5 billion. Petrobras said on Wednesday it now has a 41.25% stake in the Petrobras Distribuidora unit, down from the 70% before the sale started Tuesday.
Uruguayan President Tabaré Vázquez Tuesday denied having sought to meet privately with his Brazilian counterpart Jair Bolsonaro during Wednesday's Mercosur summit in Santa Fe, Argentina.
If trade strife continues between the United States and Mexico despite a deal struck on Friday, Argentine grain exporters are ready to step in to meet Mexican food demand, the head of an Argentine industry chamber said.
Hidrovias do Brasil SA, a Brazilian logistics company, said the collapse of a bridge on the Moju River in Pará state on Saturday will not have any impact on its operations in the region, according to a statement on Sunday.
The chief economic advisor to Jair Bolsonaro, Brazil’s far-right presidential front-runner, is being investigated over accusations of fraud tied to the pension funds of state-run companies, federal prosecutors revealed on Wednesday.
A week after the justice annulled the pardon to her father, the former president Alberto Fujimori, after a request of the Peru's Attorney of Wash of Assets, the powerful leader of the Popular Force party, Keiko Fujimori, was arrested in Lima on Wednesday after going to a court to be questioned with her husband. The arrest occurred amid an investigation for alleged irregular handling of funds of the party's campaign for 2011 presidential elections.
The annual inflation rate in Brazil increased to 2.95% in December, from 2.50% in November, rising above economists' projections of 2.80%, but ending the year below the bottom of the central bank's target for 2017, which ranged from 3% to 6%.
The Brazilian aquaculture association Peixe BR criticized the temporary suspension of fish and shellfish exports to the European Union (EU) self-imposed by the Brazilian government. The entity which represents more than half of the Brazilian production of farmed fish argued that without doubt, this is bad news, but it can't be said that it is unexpected or that it has been a surprise for the Brazilian authorities.
Brazilian President Michel Temer faces a tougher battle to quash an imminent second corruption charge because he has lost support among disgruntled members of his governing coalition in Congress, the country's lower house speaker said.