Tag: Brazil

• Friday, January 13th 2017 - 11:12 UTC

  Corruption charges against Decal do Brasil for bribing Petrobras top manager

  

  Brazilian prosecutors on Thursday filed corruption charges against Decal do Brasil co-founder Mariano Marcondes Ferraz, accusing him of bribing a former executive at state-run oil company Petrobras to win contracts for Ferraz's own firm.

• Friday, January 13th 2017 - 08:33 UTC

  Lula da Silva is “preparing” to run for the presidency in 2018

  

  Former Brazilian President Lula da Silva, confirmed Wednesday that “he is preparing” to run for the presidency in 2018, should it “be necessary.”

• Thursday, January 12th 2017 - 11:05 UTC

  Brazil inflation at its lowest in years ends 2016 within the official target range

  

  Brazil's inflation finished 2016 within the official target range, government data showed on Wednesday. Consumer prices rose 6.29% last year slowing from an increase of 10.67% in 2015 and below the 6.5% ceiling of the official goal.

• Monday, January 9th 2017 - 10:46 UTC

  Brazil top official who praised mass killings in prison uprisings resigns

  

  The Brazilian government’s national secretary of youth has resigned after celebrating the deaths of inmates killed in prison uprisings. Youth Secretary Bruno Julio resigned Friday.

• Thursday, January 5th 2017 - 09:54 UTC

  Olympic Games help Brazil break record of visitors last year: 6.6 million, 2 million from Argentina

  

  Brazil saw a record number of international tourists in 2016, boosted by the first Olympic Games held in South America, official data showed on Wednesday. A total 6.6 million international travelers visited Brazil last year, the tourism ministry said, 4.8% higher than the year before.

• Wednesday, January 4th 2017 - 11:12 UTC

  Good weather prospects for Brazil's anticipated record soybean crop

  

  Rain showers forecast for this week should benefit soybean crops across Brazil and should not be heavy enough to hamper harvesting of the first shipments of the 2016-17 season, meteorologists said on Tuesday.

• Tuesday, January 3rd 2017 - 19:47 UTC

  Gang war in prison riot causes at least 56 deaths in the Amazon city of Manaus

  

  A prison riot has left at least 56 dead, with decapitated bodies thrown over prison walls in the bloodiest violence in more than two decades in Brazil’s overcrowded penitentiary system, officials in the Amazon city of Manaus said on Monday.

• Tuesday, December 20th 2016 - 08:57 UTC

  Brazil's Vale sells its fertilizer business to cut debt

  

  Brazil's Vale, the world’s largest iron ore and nickel miner said on Monday it will sell most of its fertilizer business to US-based Mosaic Co., the No.1 producer of phosphate fertilizer, in a deal worth about US$2.5 billion.

• Monday, December 19th 2016 - 08:04 UTC

  Another major clash between Brazil's Supreme Court and Congress in the making

  

  Another major clash between Brazil's Supreme Court and Congress in the making. Justice Luiz Fux ruled to return the anti-corruption bill back to its initial stages in the Lower House, despite the fact the fill had already reached Senate and was preparing to put the bill to a vote.

• Saturday, December 17th 2016 - 00:24 UTC

  Petrobras sells ethanol assets as it moves out of the biofuels industry

  

  Brazil's oil company Petrobras has agreed to sell its 49% stake in the sugar and ethanol joint venture Nova Fronteira Bioenergia SA to partner São Martinho SA, both companies said in securities filings on Thursday. Petrobras will receive 24 million new São Martinho shares as payment for the stake. Petrobras said in the filing that it will attribute a US$133 million value to the deal.