Tag: Brazil

• Thursday, March 19th 2020 - 08:25 UTC

  Brazil central bank cuts benchmark rate 50 points to a record low of 3.75%

  

  Brazil’s central bank on Wednesday cut its benchmark interest rate by 50 basis points to a record-low 3.75% to cushion the economic blow of the coronavirus pandemic but signaled no rush to cut again and emphasized the need for more economic reforms.

• Wednesday, March 18th 2020 - 08:58 UTC

  Covid 19: Mercosur countries isolated from the world and among themselves

  

  The number of Coronavirus cases tested positive are increasing significantly, in the exponential leg of the process, in Mercosur country members and in Chile. Brazil reported the first death, a 62 year old man in Sao Paulo with a medical record of high pressure and diabetes.

• Wednesday, March 18th 2020 - 07:30 UTC

  Bolsonaro asks Congress to declare state of emergency to free federal funds from spending caps

  

  Brazil President Jair Bolsonaro said on Tuesday his second coronavirus test was negative and his government asked Congress to authorize a state of emergency that would allow it to scrap fiscal targets and free up funds to combat the virus’ spread.

• Wednesday, March 18th 2020 - 07:12 UTC

  Brazilian meatpackers considering suspending operations because of China

  

  Brazilian meatpackers JBS and Minerva Foods are considering suspending operations at some slaughterhouses in Brazil due to supply chain issues from China, JBS and sources close to Minerva said this week.

• Tuesday, March 17th 2020 - 08:21 UTC

  Several officials tested coronavirus positive after Trump/Bolsonaro meeting in Mar-a-Lago resort

  

  Brazilian Foreign Trade Secretary Marcos Troyjo, who was part of the Brazilian delegation that recently visited Florida, has tested positive for the coronavirus, his office said in a statement on Monday.

• Tuesday, March 17th 2020 - 08:19 UTC

  Rio do Janeiro authorities order people out of the beaches and closed Christ the Redeemer statue

  

  Anyone hoping to escape wall-to-wall coronavirus coverage with a day at the beach can forget about it in Rio de Janeiro, where authorities armed with megaphones blared out messages on Monday ordering everyone home.

• Tuesday, March 17th 2020 - 08:15 UTC

  Brazil US$ 30bn fiscal boost to prop the economy and soften Covid-19 impact

  

  Brazil’s government on Monday announced emergency measures to inject nearly 150 billion reais (US$ 30 billion) into the economy to soften the blow from the coronavirus pandemic.

• Tuesday, March 17th 2020 - 07:58 UTC

  Hundreds flee in a major break out of four Sao Paulo jails

  

  Hundreds of prisoners broke out of four Brazilian jails on Monday, the day before their day-release privileges were due to be suspended over the coronavirus outbreak, Sao Paulo state prison authorities and local media reported.

• Tuesday, March 17th 2020 - 07:30 UTC

  Brazilian football suspended; Flamengo's coach tested positive for coronavirus

  

  Flamengo coach Jorge Jesus has tested positive for coronavirus and is under quarantine in Rio de Janeiro while doctors perform a second confirmatory test, he and his club said on Monday.

• Friday, March 13th 2020 - 08:25 UTC

  Brazilian congress and Bolsonaro clash slumps the Real to below 5 to the dollar

  

  As if things were not difficult enough for markets in Brazil, whose stocks and currency are among the world's worst-performing this year, an unexpected twist in the country's fragile politics threatens to make the situation even tougher.