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MercoPress, en Español

Montevideo, November 27th 2024 - 22:30 UTC

Tag: Brazil

  • Wednesday, November 16th 2016 - 09:16 UTC

    Brazil's annual inflation below 8%; October's 0.26% increase was the lowest since 2000

    With inflation on a downward path, the central bank cut interest rates last month from a decade high to help lift the economy out of a two-year downturn.

    Brazil's annual inflation rate in October fell below 8% for the first time since February 2015, keeping the door open for small interest rate cuts as a deep recession lingers. Prices rose 7.87% in the 12 months through October, down from an annual increase of 8.48% in the previous month, statistics bureau IBGE said.

  • Wednesday, November 16th 2016 - 08:55 UTC

    Brazil and Argentina crop and yield estimates on the increase

    Brazil’s CONAB has raised its soybean production estimate to 103.5 MMT, an increase of 1.9 MMT, and also increased soybean exports by 5 MMT

    Brazil and Argentina production estimates are going up, but hailstorms ruined soybean and corn crops in Argentina’s Santa Fe Province. However, La Niña is forecast to be relatively mild this year, according to NOAA forecasters.

  • Tuesday, November 15th 2016 - 11:07 UTC

    Shell planning to invest US$ 10bn in Brazil's deep water production

    Shell held a series of investor presentations in Brazil, and Chief Executive Ben van Beurden was received by president Temer in Brasília

    Oil major Shell is planning to continue investing heavily in Brazil as part of a bid to double its global deep water production by the early 2020s. Shell plans to invest US$10 billion over the next five years, Wael Sawan, the company’s executive vice president for deep water, said in an interview this week.

  • Monday, November 14th 2016 - 07:54 UTC

    Petrobras cleans balance sheet and posts unexpected third quarter loss

    Despite losses, operational and cash flow trends improved, said Chief Financial Officer Ivan Monteiro said.

    Brazilian state-controlled oil company Petrobras posted an unexpected third-quarter loss after drastically reducing the value of oil fields and other assets amid a severe downsizing and weak oil prices. Petrobras lost a net 16.458 billion reais (US$4.9 billion) last quarter, five times more than a year earlier. Despite that, operational and cash flow trends improved and, without an impairment, profit could have totaled 600 million Reais, Chief Financial Officer Ivan Monteiro said.

  • Sunday, November 13th 2016 - 14:32 UTC

    Miss Bumbum beauty contest sparks controversy in Brazil from behind

    Érika Canela, winner of the sixth edition of the “Miss Bumbum” contest, is already the muse of the Corinthians football club

    The Brazilian pepople's cult of the female rear came back to life once again in the 2016 edition of the “Miss Bumbum” beauty contest, in which candidates from the 27 states disputed the title to the “best behind,” raising again controversy around the issue of “object woman.”

  • Saturday, November 12th 2016 - 21:31 UTC

    Demostrators rally in Sao Paulo against Temer's adjustment proposals

    Temer's austerity plans draw opposition that causes havoc in Sao Paulo

    Protesters Friday blocked some of Sao Paulo's main avenues to object to the the bill to freeze public spending for 20 years. Others set roadblocks with tires at the Vía Dutra, which links Sao Paulo with Rio de Janeiro, and Via Anchieta, the main road between the city and the coast.

  • Saturday, November 12th 2016 - 12:19 UTC

    Lula's claim of a “diabolic pact” derided by Brazil's attorney general

    Lula, who is set to stand trial in three separate corruption cases, said at an event Thursday in Sao Paulo, where he received the support of intellectuals and leaders of political, labor and social mo

    Brazil's attorney general on Friday offered a joking retort to former President Lula da Silva's remark that the corruption allegations he faces are due to a “diabolical pact” among different institutions, saying he is not a religious person. “What I can say is that I'm not religious,” Rodrigo Janot joked to reporters when asked about Lula's comments. Janot, who gave a press conference to review anti-corruption investigations this year, added that Lula was free to express his opinion.

  • Friday, November 11th 2016 - 19:37 UTC

    Rousseff's defense claims some campaign funds were provided by Temer's party

    Rousseff's defense team verified the accounts report presented by PT and confirmed in July that R$ 1 million had been transferred for the campaign.

    Brazilian ex-President Dilma Rousseff's (PT) defense team attached to the case against her slate at the Superior Electoral Court, TSE, documents revealing that R$ 1 million (US$ 320.000) which construction company Andrade Guitierrez donated to her re-election campaing in 2014 went through the account of who was then Vice Presidential candidate Michel Temer (PMDB).

  • Friday, November 11th 2016 - 19:28 UTC

    Petrobras signs US$ 1.2bn contract for natural gas exploration in southern Bolivia

    President Evo Morales and Brazil's Mines and energy minister, Fernando Coelho Filho, traveled to Santa Cruz for the signing ceremony.

    Executives of Brazilian state oil company Petrobras and Bolivian counterpart YPFB signed this week a contract for a US$1.2 billion natural-gas exploration venture in southern Bolivia. Bolivian President Evo Morales and Brazil's minister of mines and energy, Fernando Coelho Filho, traveled to Bolivia's eastern city of Santa Cruz for the signing ceremony.

  • Friday, November 11th 2016 - 08:48 UTC

    Brazilian president accused of having received US$ 300.000 for political campaign funding

    The claim is that a million Reais were paid to the political campaign of Temer, according to Rousseff's lawyers

    Brazilian President Michel Temer has been accused of taking a large bribe by a former political ally. Lawyers for former President Dilma Rousseff, who was removed from office in May, filed court documents which they say prove the claim.