Tag: Brazil

Wednesday, December 5th 2018 - 08:49 UTC
Brazilian Supreme Court freezes Lula's latest appeal to be freed from prison

Brazil’s Supreme Court delayed indefinitely a decision on whether former president Lula da Silva should be freed from prison, where he is serving a 12-term for corruption. One of the five justices called for the postponement to give more time to study the case after two of his colleagues decided against a release.
Wednesday, December 5th 2018 - 08:39 UTC
Brazil's oil and gas output rose strongly in October after five flat months

Brazil's domestic crude oil output rose for the first time in five months in October as production from the subsalt region continued to grow and fewer floating production units were idled by maintenance shutdowns during the month.
Wednesday, December 5th 2018 - 08:33 UTC
German auto maker rehiring confident of Brazil's recovery

Mercedes Benz's Brazil operation will hire some 600 contractors in 2019 on year-long contracts to work on commercial vehicles, adding to a workforce of 10,000, the company said on Tuesday.
Tuesday, December 4th 2018 - 09:04 UTC
Brazil increasing ethanol capacity because of depressed global sugar prices

Brazilian sugar companies are increasing their capacity to produce ethanol in the face of depressed global sugar prices and government policies expected to boost demand for the biofuel. A shift to ethanol in the 2018-19 season slashed Brazil’s sugar output by 9 million tons to a 12-year low and more switching to the biofuel next season could help to wipe out a global surplus weighing on sugar prices.
Tuesday, December 4th 2018 - 08:58 UTC
Benchmark emerging-market stocks index waiting for Brazil's Bolsonaro

Brazil’s presence in the benchmark emerging-market stock index could rise again should incoming President Jair Bolsonaro deliver on his promises to shore up the finances of Latin America’s largest economy, according to MSCI Inc chief executive Henry Fernandez.
Tuesday, December 4th 2018 - 06:03 UTC
Transition official confirms Brazil will split Labour Ministry in three

The current competences of Brazil's Labour Ministry will be spread into three other ministries when President-elect Jair Bolsonaro takes office next year, Onyx Lorenzoni announced Monday in a radio interview. Lorenzoni is the current minister of transition and will head the Civil House under Bolsonaro.
Monday, December 3rd 2018 - 08:10 UTC
Bolsonaro warns environmental monitoring agencies: “the party is over”

Brazil's incoming far-right president, Jair Bolsonaro, took a swipe at the government's environmental monitoring agencies, warning he would not allow them to impose “fines all over the place.”
Saturday, December 1st 2018 - 10:29 UTC
Bolsonaro names an Admiral as Mining and Energy minister

President-elect and former army captain, Jair Bolsonaro, has named a Navy admiral as his Mining and Energy minister. The appointment marks the eighth member of the armed forces to Bolsonaro's government and the 20th Minister appointed so far.
Saturday, December 1st 2018 - 10:24 UTC
Brazilian economy accelerates in the third quarter

The Brazilian economy accelerated sharply in the third quarter as record-low interest rates and a one-off government-led boost helped it bounce back from the impact of a nationwide truckers’ strike. Gross domestic product rose 0.8% from the second quarter and 1.4% from the third quarter of 2017, government statistics agency IBGE said on Friday.
Saturday, December 1st 2018 - 08:47 UTC
Bolsonaro recommends “prudence” before signing any Mercosur/EU agreement

Brazil's president-elect Jair Bolsonaro said “prudence” was necessary before signing any trade agreement with other nations, in reference to the ongoing negotiations between Mercosur and the European Union.