Tag: Brazil

Friday, January 31st 2020 - 08:48 UTC
Heavy rains and flooding forecasted for Asuncion, Paraguay and Porto Alegre, Brazil

Although flooding rain has already hit parts of Brazil so far in 2020, more rain and flooding could strike the southern part of the country in the coming week. In addition to southern Brazil, other parts of South America may also be threatened.
Friday, January 31st 2020 - 08:45 UTC
Petrobras asks Sao Paulo stock exchange to withdraw it from good governance certification

Brazilian state-run oil firm Petrobras said it has asked to withdraw its participation in a program certifying good governance and limited political interference in state companies set up by the Sao Paulo stock exchange.
Friday, January 31st 2020 - 08:25 UTC
Coronavirus and current account deficit hit the Brazilian Real against the dollar

Brazil’s currency the Real hit a two-month low against the dollar on Thursday, slumping to within sight of its record low under a wave of global risk aversion on fears over the coronavirus outbreak and its diminishing yield appeal.
Friday, January 31st 2020 - 08:02 UTC
Brazil streamlines trade team to ensure gains in the Chinese market

A Mandarin speaking trade specialist has been appointed by the Brazilian Agriculture ministry to boost exports to China, the world’s largest commodities market. Larissa Wachholz, 36, who holds a masters degree from the Renmin University of China, was tapped in December by the Brazilian agriculture ministry to lead a trade unit dedicated to the Asian country, the first of its kind in Brazil.
Friday, January 31st 2020 - 07:59 UTC
Bolsonaro visits emergency ward complaining of abdominal pain

Brazilian President Jair Bolsonaro visited the Surgery wing of the Armed Forces hospital in Brasilia on Thursday night, leaving without speaking to reporters, with a source familiar with the matter saying the president had felt discomfort in his abdomen.
Thursday, January 30th 2020 - 08:15 UTC
US and UN launch program to help Venezuelan migrants settle in Brazil

The U.S. Agency for International Development (USAID) and the U.N.’s International Organization for Migration (IOM) launched a program to help tens of thousands of Venezuelan migrants settle in Brazil for the long-term.
Tuesday, January 28th 2020 - 08:28 UTC
Brazil floods: 54 dead, 18 missing and over 30.000 people displaced

Over 30,000 people have been displaced by heavy rains in southeast Brazil that also killed 54 people and left 18 missing. The storms in recent days caused floods and landslides, submerging entire neighbourhoods and sending homes tumbling down hillsides in the states of Minas Gerais, Espirito Santo and Rio de Janeiro.
Tuesday, January 28th 2020 - 08:15 UTC
Reformist Brazil: government procurement contracts will be open to foreign companies

Brazil’s government is changing the rules to give foreign companies an equal shot at winning government contracts, the Economy Ministry said on Monday. Economy Minister Paulo Guedes has pledged to fight corruption and open up one of the world’s most protected countries to foreign business and the overseas investment necessary to modernize Brazil’s crumbling infrastructure.
Tuesday, January 28th 2020 - 08:09 UTC
Brazil willing to discuss with OPEC, but not prepared to join the cartel

Brazil has decided to stay out of OPEC for the time being as it seeks to expand its oil production, according to media reports quoting energy minister Bento Albuquerque. “The idea is just to increase our production and to participate more in the international oil and gas market,” Albuquerque said in an interview.
Tuesday, January 28th 2020 - 07:43 UTC
Boeing's purchase of Embraer clears Brazilian antitrust regulator hurdle

Technical staff at Brazilian antitrust regulator Cade on Monday approved Boeing Co's purchase of Embraer SA's commercial aviation division without restrictions, according to a statement on the agency's website.