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MercoPress, en Español

Montevideo, November 26th 2024 - 20:26 UTC

Tag: Brazil

  • Friday, April 27th 2018 - 12:06 UTC

    Bad news for Lula: imprisoned ex close advisor strikes deal with investigators

    Palocci served as finance minister under former President Lula da Silva, and as chief of staff under Lula’s successor Dilma Rousseff.

    Former Brazilian Finance Minister Antonio Palocci has struck a plea deal with federal investigators, according to news advance from the Rio based O'Globo on Thursday, raising the stakes in a corruption scandal engulfing high-ranking politicians and prominent businessmen.

  • Friday, April 27th 2018 - 10:47 UTC

    Mujica supports the FTA with Chile: Piñera begins his commercial tour avoiding Uruguay

    Mujica said that before “a weakened Mercosur”, Uruguay has to look for alternative incentives to improve trade stability.

    While Chilean President Sebastián Piñera started a commercial tour in Brazil last Thursday, in which he avoids Uruguay because the Free Trade Agreement (FTA) with Chile is blocked in the Uruguayan Parliament since 2016, ex-president José Mujica explained that he supports the FTA with Chile in order to look for “the best incentives to ensure commercial stability.” The bench of former president Mujica and the communist party refuse to approve the commercial agreement.

  • Thursday, April 26th 2018 - 08:31 UTC

    Brazil soybean planting forecast to break a record for the ninth year running

    The 2% increase in planted area in 2018-19 is due to expectations of higher process, greater demand from Chinese buyers, and an increase in domestic consumption

    Soybean planted area in Brazil is forecast to set a record for the ninth consecutive year at 35.8 million hectares, according to an April 24 Global Agricultural Information Network (GAIN) report from the U.S. Department of Agriculture.

  • Wednesday, April 25th 2018 - 08:59 UTC

    Brazilian company buys Shell downstream assets in Argentina

    Raízen besides 645 gas stations is also acquiring a refinery in Buenos Aires, LPG and aviation fuel terminals and a lubricant plant, among others

    Brazil’s Raizen Combustiveis SA agreed to buy downstream assets in Argentina from Royal Dutch Shell for US$ 950 million, according to a securities filing on Tuesday. Raízen Combustiveis, a joint venture between Brazil´s Cosan SA Indústria e Comércio and Shell, will have a 20% market share in fuel distribution in Argentina.

  • Wednesday, April 25th 2018 - 08:15 UTC

    Brazil's Lula gives his party the green light to find a new presidential candidate

    “I want you to feel totally free to take whatever decision you need because 2018 is an important year for the PT, for the left and for democracy,” wrote Lula da Silva

    Brazil's ex-president Lula, who is imprisoned for corruption, on Tuesday gave his Workers' Party (PT) the green light to find a new candidate for the October presidential election in which he remains the frontrunner. “I want you to feel totally free to take whatever decision you need because 2018 is an important year for the PT, for the left and for democracy,” wrote Lula da Silva in a letter to the party leadership.

  • Tuesday, April 24th 2018 - 08:50 UTC

    Some 15 Brazilian presidential hopefuls have 160 cases in court, according to Folha de Sao Paulo

    This group is led by Lula who was sentenced to 12 years in jail; president Temer is accused two cases and targeted by two ongoing investigations

    At least 15 of the 20 candidates who might run for president of Brazil in the October elections are targeted in more than 160 cases in courts throughout the country. Cases range from investigations in the Lava Jato operation to traffic offenses, and while in some cases would-be candidates are still only under investigation, in others they are either accused, or defendants, or have been sentenced – one of them was even arrested: former president Lula da Silva (PT), who is currently leading the poles.

  • Tuesday, April 24th 2018 - 08:42 UTC

    Brazil poised for historic oil boom

    A range of analyst and oil company estimates put the breakeven price for pre-salt fields at less than US$ 40 per barrel compared to US$ 45 seven years ago.

    By Mathew Smith<br />
    <br />
    After being caught up in major corruption scandals and suffering from what some have claimed was its worst economic downturn in 100-years, Brazil has pulled itself back from the brink. The economy commenced growing again in 2017 with gross domestic product (GDP) expanding by 1 percent and 2018 GDP growth forecast by the International Monetary Fund (IMF) to be 2.3%.

  • Monday, April 23rd 2018 - 09:25 UTC

    British Academics delivered counterterrorism course in Uruguay

    Personnel from the Uruguayan, Brazilian, Chilean and Paraguayan armed forces, as well as the Argentine Gendarmerie attended the regional course.

    Two instructors from the Royal Military Academy Sandhurst gave a course on counterterrorism from 9-13 April at the Uruguayan Naval War College in Montevideo. The purpose of the course was to provide an introduction to the key principles of the fight against terorrism and its practical application through the British approach and the study of a wide range of contemporary cases.

  • Monday, April 23rd 2018 - 09:22 UTC

    China and South Korea seek trade agreements with Mercosur

    South Korean PM Lee Nak-yon in March agreed with Brazilian President Michel Temer to start formal negotiations for a SK/Mercosur free trade deal by June

    China and South Korea are seeking to establish free trade agreements with Mercosur in a strategic response to Washington's increasingly protectionist stance. The East Asian initiatives have resonated well in a region where Washington is keeping its distance. U.S. President Donald Trump has not visited a single Latin American country since taking office in January 2017, and chose not to attend the Summit of the Americas, which recently concluded in Peru.

  • Monday, April 23rd 2018 - 08:42 UTC

    Corruption a threat to democracy, remarks top Brazilian military on Army Day

    The general spoke alongside Temer, who himself has been charged twice with corruption but so far remains protected by Congress from having to face a trial.

    Brazil's top army commander made another foray into political commentary, warning that corruption poses a threat to democracy in Latin America's biggest country. The comment by General Eduardo Villas Boas was his second high-profile remark on the state of Brazil's democracy this month, going against an unwritten rule that high-ranking military officers keep out of politics.