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MercoPress, en Español

Montevideo, July 2nd 2025 - 13:45 UTC

Tag: Brazil

  • Wednesday, November 30th 2016 - 09:31 UTC

    Temer signs bill that opens sub-salt oil deposits to private the sector

    With the new bill Petrobras has signaled its reluctance to take on the operator role for new sub-salt projects, and could end up selling stakes in sub-salt projects

    Brazilian president Michel Temer signed legislation on Tuesday which opens the way for oil companies other than state-controlled Petrobras to operate the coveted sub-salt acreage. The bill repeals a controversial 2010 rule that requires Petrobras to hold a minimum 30% operating stake in assets governed by production-sharing contracts, mainly sub-salt assets.

  • Tuesday, November 29th 2016 - 11:16 UTC

    Plane carrying Chapecoense football team crashes on approach to Medellin

    From celebration to mourning. Plane carrying Brazilian football club players crashed in Medellin...

    A Bolivian-registered airplane carrying the football players of Brazilian team Chapecoense crashed in a mountainous area as it approached Medellin's Jose Maria Cordova international airport around Monday midnight, local time. The team was due to play the first leg of the South American Cup (the second most important club continental competition) final against Libertadores Cup holders Atlético Nacional on Wednesday. Five survivors out of 81 people on board have been reported.

  • Tuesday, November 29th 2016 - 08:49 UTC

    Brazil lost 751,800 formal jobs in ten months of 2016

    From November 2015 to October 2016, Brazil registered a net loss of 1.5 million jobs. In October alone, Brazil lost 74,700 jobs.

    Brazil lost 751,800 formal jobs from January to October 2016, the country's Labour Ministry reported. According to the ministry's unemployment registry, the figures are only slightly better than the same period last year, when the Brazilian economy registered a net loss of 818,900 jobs.

  • Tuesday, November 29th 2016 - 08:37 UTC

    Brazil anticipates soy exports of 60m tons and 30m tons of corn from 2017

    Agroconsult estimates Brazil soybean production at 102.6 MT for 2016/2017, which would be in line with the 103.5 MMT estimate by Brazil’s CONAB

    Brazil is getting ready for a blockbuster 2017 harvest and booming exports, amid favorable weather forecasts, according to recent estimates. With a plentiful harvest expected, Brazil’s National Grain Association predicts grain exports will rebound, with soybean exports of 60 MT in 2017, compared with some 51 MT for 2016. Corn exports will increase to 30 MT, compared with some 18.5 MT in 2016, the association reported.

  • Monday, November 28th 2016 - 10:05 UTC

    Temer vows to veto any corruption amnestly lawmakers may grant themselves

    President Michel Temer said he would veto any amnesty attempt from Brazilian politicians under suspicion of corruption

    Brazil's President Michel Temer promised Sunday during a press conference he would step in should legislators under suspicion of corruption make an attempt to grant themselves any sort of amnesty, in what was perceived as a move by th Executive to sweep away much of the untrustworthiness it has brought upon itself as scandals kept surfacing in recent months.

  • Monday, November 28th 2016 - 08:50 UTC

    New UK ambassador to Brazil; outgoing diplomat will head Existing EU Department

    Dr. Francis Vijay Narasimhan Rangarajan is currently the Foreign Office Europe Director and before that was Director of Multilateral Policy

    Dr Vijay Rangarajan CMG has been appointed United Kingdom's Ambassador to Brazil in succession to Alexander Ellis. Dr Rangarajan will take up his appointment in Spring 2017. Outgoing ambassador Ellis has been appointed Director General at the Department for Exiting the European Union and will be taking his new role next January.

  • Monday, November 28th 2016 - 08:42 UTC

    UK trade envoy in Brazil to promote business in oil, finance, infrastructure and mining sectors

    “I am looking forward to coming here again to talk business in one of the world’s most important emerging economies”, the British MP said.

    A United Kingdom member of parliament and Special Envoy for Trade and Investment, Mark Prisk is in Brazil for a round of business talks in the oil and gas, financial services, mining and infrastructure sectors. Mr. Prisk is visiting Brazil for the second time in six months and his agenda will take him to Rio do Janeiro, Belo Horizonte and Brasilia.

  • Saturday, November 26th 2016 - 13:23 UTC

    Temer administration further weakened by more corruption claims: calls for impeachment

    Temer, who is deeply unpopular, has been struggling to push through an ambitious austerity agenda to pull Brazil out of its worst recession in decades.

    A Brazilian minister resigned on Friday amid allegations that he enlisted President Michel Temer's help to pressure a fellow Cabinet member to approve a luxury apartment development project in a preservation zone. The announcement feeds a growing scandal over alleged misuse of power that threatens Temer's presidency only six months after he replaced a predecessor ousted from office by Congress — and at a time corruption investigations have tarred many senior politicians.

  • Thursday, November 24th 2016 - 16:27 UTC

    Odebrecht in world record plea and leniency deal: ready to pay US$ 2 billion for Petrobras corruption

    Marcelo Odebrecht, Odebrecht's former CEO and the scion of the family that owns the conglomerate, has been in jail since June 2015 and was sentenced to 19 years.

    Federal prosecutors and Odebrecht SA have agreed on the world's biggest plea and leniency deal under which the embattled engineering conglomerate would pay around 7 billion Reais (US$ 2 billion) in fines related to its role in Brazil's biggest corruption scandal, local media reported.

  • Thursday, November 24th 2016 - 16:09 UTC

    Brazilian cash-strapped states agree to back structural reform in exchange for financial aid

    Finance Minister Henrique Meirelles told reporters that federal and state governments have agreed to a “grand national accord to balance public accounts.”

    Brazil's federal government reached a deal to help cash-strapped states with their fiscal woes in exchange for support from governors on deeper structural reforms including pension reform and the capping of public employee salaries.