Scientists from the U.K. and Brazil will work together to study the formation of ocean minerals essential for new technology, particularly environmental technology such as photovoltaic cells.
Uruguay's central bank was forced to sell almost 65 million dollars on Tuesday, the highest volume so far this year, to keep the US dollar from ballooning as fears of the collapse of the Brazilian economy are felt through the region. The dollar finally ended trading with a slight 0.12% increase at 28,826 Pesos to the greenback.
Brazil's currency fell to its weakest level ever as investors cast a wary eye on negotiations over spending bills that could further complicate the country's tenuous fiscal position. The currency, like others across Latin America, was also hammered by a global rise in the dollar sparked by increased expectations that the US Federal Reserve is still on track to raise interest rates this year.
The former treasurer of Brazil's ruling party was sentenced Monday to more than 15 years in prison for his role in a massive corruption scandal at state oil giant Petrobras. The judge investigating the scandal found Joao Vaccari, who was the Workers Party treasurer until April, guilty of corruption, money-laundering and conspiracy, and sentenced him to 15 years and four months.
Israeli Deputy Minister of Foreign Affairs Tzipi Hotovely defended the appointment of former settlements' department director, Dani Dayan, as the Jewish state's ambassador in Brazil, after it was rejected by Brazilian President Dilma Rousseff.
Brazil’s currency closed on Monday at the weakest level ever against the dollar as raging economic and political situations increased uncertainty and the odds of the country losing its investment-grade credit rating from yet another ratings company, which could be catastrophic.
Brazil's Supreme Court banned corporate contributions to political campaigns and parties, a hot issue as investigators in the country's biggest corruption scandal say such financing was used by businesses to win lucrative contracts with state-run oil company Petrobras.
Brazil's opposition parties on Thursday filed a request in Congress to impeach President Dilma Rousseff for breaking fiscal rules by allegedly manipulating government finances to benefit her re-election last year. The request was backed by some members of Rousseff's main political ally, the fractious PMDB party, Brazil's largest, whose votes would be needed to succeed in ousting the president.
Brazil's state-controlled Petrobras produced a record 2.69mn b/d of oil equivalent (boe/d) in August, 3.1% increase over July and almost 1% higher than the previous 2.67mn boe/d record set in December 2014, the company said on Wednesday.
Embattled and leaner Brazilian President Dilma Rousseff said on Wednesday that a country is not defined by its credit rating, downplaying Standard & Poor's decision to assign junk status to Latin American largest economy's sovereign debt.