Tag: Brazil

Tuesday, June 26th 2018 - 08:51 UTC
Brazil's second corn crop lower, but export forecast remains at 28m tons

Consultancy Agroconsult lowered its forecast for Brazil's so-called second corn crop to 55.2 million tons on Monday but left its export projection unchanged after a survey of fields in four states affected by planting delays and a drought. Agroconsult had estimated last month that the second crop, which farmers are currently harvesting, would total 57 million tons.
Tuesday, June 26th 2018 - 08:26 UTC
Petrobras begins operations at Tartaruga Verde field

Petrobras has announced the start of production at Tartaruga Verde field, in the deep waters of the Campos basin, by means of FPSO Cidade de Campos dos Goytacazes. The FPSO is located about 127 km off the coast of the state of Rio de Janeiro, in water depth of 765 m, with a capacity to process daily up to 150,000 bbl of oil and 3.5 MMcmg and 5 MMcm of gas compression.
Tuesday, June 26th 2018 - 08:22 UTC
Latam stocks and currencies hit by global trade disputes

Latin American stocks and currencies mostly fell on Monday as the trade dispute between the United States and other leading economies worsened, but central bank intervention kept the Brazilian real steady.
Tuesday, June 26th 2018 - 08:16 UTC
Brazilian soybeans expected to benefit from US-China trade war

The country that could indirectly benefit from the intensifying US-China trade war is Brazil, which finds itself in a strategic position to increase its market share of soybean exports to China.
Monday, June 25th 2018 - 08:27 UTC
Another judicial setback for Lula: Supreme Court cancels appeal ruling on his release from jail

Brazil's Supreme Court has cancelled a ruling set for Tuesday on an appeal by former president Luiz Inacio Lula da Silva to be freed from prison while he attempts to overturn his corruption sentence.
Monday, June 25th 2018 - 07:24 UTC
Over half of Brazilian electorate rejects all presidential candidates, opinion poll shows

An XP Investimentos survey in partnership with the Institute of Social, Political and Economic Research (Ipespe) shows the Brazilian pre-candidates Lula da Silva and Jair Bolsonaro, tied for first place with 13% of voting intentions each, followed by Ciro Gomes and Geraldo Alckmin, with 2% each.
Friday, June 22nd 2018 - 09:10 UTC
Petrobras loses massive wage dispute, which could cost US$ 4.5 billion

Brazil’s top labor court on Thursday ruled in favor of workers at Petrobras in a wage dispute that could cost the world’s most indebted oil company up to 17 billion Reais (US$ 4.5 billion). Petrobras may still appeal the Superior Labor Court’s ruling in the case, brought by oil workers seeking more pay.
Thursday, June 21st 2018 - 12:02 UTC
Ex president Lula faces new charges and must declare next 11 September

Brazilian federal judge Sergio Moro has summoned ex president Lula da Silva for questioning next 11 September in a case related to reforms made in a camp house, Sitio Santa Barbara, in Atibaia, Sao Paulo state and which was frequently used by the Lula da Silva family.
Thursday, June 21st 2018 - 08:57 UTC
Brazil eases rules in oil industry to boost production

Brazil’s move to ease rules forcing oil producers to buy from domestic suppliers means Latin America’s top producer will be able to sustain output of 5 million barrels per day (pbd) by the mid-2020s, compared to just 3.7 million bpd under prior rules, consultancy Wood Mackenzie said in a report on Wednesday.
Thursday, June 21st 2018 - 08:23 UTC
Brazil central bank unveils block-chain platform to facilitate info exchange between financial regulators

Brazil’s central bank has unveiled details of a newly-developed block-chain platform that will be used to facilitate information exchange between the country’s financial regulators. Dubbed ‘Pier’, the block-chain was developed by the Banco Central do Brasil (BCB)’s own IT department and will be used to share data securely between the central bank and other domestic regulators, BSB, said in an announcement.