Tag: Brazil

Wednesday, December 26th 2018 - 08:55 UTC
Petrobras plans to invest US$ 84bn mainly in pre-salt areas by 2023

Petrobras has unveiled plans to invest US$ 84.1bn in deepwater exploration and production projects in Brazil, as well as raise $27bn through asset sales and partnerships by 2023. Around US$ 69bn of the planned investment will be channelled into the development of production in the pre-salt areas. Other key focus areas of investment include refining, transportation, trading, and natural gas and petrochemicals.
Wednesday, December 26th 2018 - 08:53 UTC
Bolsonaro after Israel technology to water the parched northeast

Brazil's president-elect Jair Bolsonaro on Tuesday said he wants an agreement with Israel to build desalination plants in the parched north where droughts are frequent. In a message on Twitter, Bolsonaro, who is to take office on Jan. 1, said his appointed Science and Technology Minister Marcos Pontes will travel to Tel Aviv in January to meet with his Israeli counterpart over the matter.
Wednesday, December 26th 2018 - 06:51 UTC
Market analyst views Argentina, Brazil on path to recovery in 2019

Argentina, Brazil and India lead the prospects of an economic recovery, according to Michael Hasenstab of Templeton Global Bond Fund Management.
Monday, December 24th 2018 - 13:18 UTC
Bolsonaro adds Nicaraguans to the list of unwanted guests for his inauguration

Brazil's Presdient-elect Jair Bolsonaro will not welcome any Nicaraguan delegation at the inauguration ceremony in Brasilia on January 1, his future Foreign Minister Ernesto Araújo announced on Twitter.
Saturday, December 22nd 2018 - 03:43 UTC
Brazilian judge halts Embraer-Boeing alliance yet again

A Brazilian judge Thursday blocked yet again the merger of the commercial division of Embraer with Boeing, despite a joint announcement to the contrary a few days ago.
Friday, December 21st 2018 - 12:01 UTC
Brazil’s development bank “must return” to the Treasury some US$ 25bn

Brazil’s future economy minister wants state development bank BNDES to return 100 billion Reais, some US$25.7 billion, to the nation’s treasury in 2019, a newspaper reported, as the incoming government seeks to cut the nation’s hefty debt load.
Friday, December 21st 2018 - 11:58 UTC
Prosecutors waiting for Temer when he steps down accused of “institutionalized corruption”

Brazil's attorney general has accused President Michele Temer of sitting at the center of “an institutionalized system of corruption” and has asked the courts to charge him with crimes as soon as he leaves office at the year's end.
Thursday, December 20th 2018 - 09:32 UTC
Ex minister of Rousseff accused of receiving millions in bribes from JBS food company

Brazilian Federal Police raided the home of Science and Technology Minister Gilberto Kassab on Wednesday following accusations that he received millions in bribes from the JBS food company between 2010 and 2016.
Thursday, December 20th 2018 - 06:56 UTC
Lula has to remain in jail while Justices decide on procedural controversy

Brazil's former president Lula da Silva remained in prison on Wednesday as two Supreme Court judges issued competing orders over whether he should be released while he tries to get his graft conviction overturned.
Tuesday, December 18th 2018 - 19:43 UTC
Mercosur leaders agreed on need for reforms in the midst of Bolsonaro's threat to leave

The presidents of all Mercosur member and associate countries gathered Tuesday in Montevideo for a summit to redefine the bloc's future, in light of recent statements from Brazil's future government that the region will not be among the priorities of Jair Bolsonaro when he becomes president on January 1.