Tag: Brazil

• Thursday, March 12th 2020 - 07:52 UTC

  Brazilian stocks plunged on Wednesday; second day in the week trading had to be suspended

  

  Brazilian stocks plunged on Wednesday on fears about the economic impact of the coronavirus pandemic, leading the Sao Paulo stock exchange to suspend trading for the second time this week.

• Thursday, March 12th 2020 - 07:48 UTC

  With local elections looming, Brazilian congress overturns Bolsonaro veto on social spending

  

  Brazil's Congress overturned a presidential veto on Wednesday in an ongoing battle over appropriations with President Jair Bolsonaro, doubling social assistance for elderly and disabled people that will cost an extra 20 billion reais (US$ 4.2 billion) this year.

• Thursday, March 12th 2020 - 07:40 UTC

  Brazil February inflation, 0,25%, the lowest since the same month in 2000

  

  Brazilian inflation rose more than expected in February, official figures showed on Wednesday, although the monthly increase was still the lowest for any February in 20 years.

• Thursday, March 12th 2020 - 07:31 UTC

  Brazilian lawmaker sponsors bill to punish corrupt politicians with amputation of both hands

  

  A lawmaker who says Brazil is not doing enough to fight rampant political corruption put forward a bill on Tuesday that would punish any politician convicted of the graft with amputation of both hands.

• Wednesday, March 11th 2020 - 08:55 UTC

  Brazil downplays the threat of coronavirus: “it is overstated”

  

  Brazil President Jair Bolsonaro minimized the threat of the new coronavirus - which has killed nearly 4,000 people in more than 60 countries and tanked global financial markets, saying its destructive power has been “overstated”.

• Wednesday, March 11th 2020 - 08:46 UTC

  Bolsonaro promotes a demonstration criticized by the Legislative and Judiciary

  

  Brazil's far-right president Jair Bolsonaro called on his backers to take to the streets next weekend to show their support for him, even as critics said such a demonstration would be anti-democratic.

• Wednesday, March 11th 2020 - 06:55 UTC

  Ronaldinho remains in jail in Paraguay on possession of fake passports

  

  Brazilian football great Ronaldinho will remain in pre-trial detention in Paraguay after a judge on Tuesday rejected his lawyer's request that he be released on bail or to house arrest.

• Tuesday, March 10th 2020 - 08:15 UTC

  Black Monday cocktail: oil price war and coronavirus trigger market panic

  

  World oil prices crashed on Monday, fuelling a vicious selloff on stock markets that were already buckling from the spreading coronavirus outbreak. Stocks tanked as the global oil market nosedived 30% at one stage after top exporter Saudi Arabia slashed the prices it charges customers following a bust-up with Russia over crude production cuts.

• Tuesday, March 10th 2020 - 06:32 UTC

  Global breweries expanding their business in Brazil

  

  Heineken NV will invest 865 million reais (US$183.14 million) to expand its Ponta Grossa brewing plant in Brazil, the company said on Monday, as competition between the world's two largest beer makers bubbles up.

• Monday, March 9th 2020 - 08:54 UTC

  Trump and Bolsonaro discuss Venezuela and a bilateral trade accord

  

  United States President Donald Trump hosted Brazilian president Jair Bolsonaro for dinner at his Mar-a-Lago resort in Florida on Saturday, where the two leaders discussed the U.S.-led effort to oust Venezuelan President Nicolas Maduro and spoke about a future trade deal.