Tag: Brazil

• Saturday, December 7th 2019 - 09:39 UTC

  Rising cost of meat pushes Brazil's November inflation to a high month-on-month increase

  

  Brazilian consumer price inflation bounced back to seven-month highs in November from ultra-low levels the month before, led by the rising cost of meat and regulated prices like electricity, official figures showed on Friday.

• Saturday, December 7th 2019 - 09:20 UTC

  Brazil's growth stats for the 3Q expected to be revised upwards

  

  Brazil’s statistics agency IBGE will revise the country’s third quarter GDP figures, it said, after upward revisions to export data this week suggested growth may have been stronger than first estimated.

• Friday, December 6th 2019 - 09:50 UTC

  Macri addresses the Mercosur summit for the last time

  

  In what was his last international activity, outgoing president Mauricio Macri attended the 55th Mercosur leaders summit in Bento Goncalves, southern Brazil, which he described as a special diplomatic occasion for his administration's strive to put Argentina back in the wide world map.

• Friday, December 6th 2019 - 09:49 UTC

  Paraguay takes the chair of a quarrelsome strained Mercosur

  

  Brazil on Thursday handed over the six-month rotating presidency of the Mercosur trade bloc (Southern Common Market) to Paraguay. During a ceremony at the bloc's 55th summit in Bento Goncalves, Brazil's president Jair Bolsonaro expressed confidence in his Paraguayan counterpart Mario Abdo Benitez and his leadership skills.

• Friday, December 6th 2019 - 09:47 UTC

  Fernandez sends friendly message to Bolsonaro; confirms Solá as foreign minister

  

  Argentine president elect Alberto Fernandez confirmed Felipe Solá as his foreign minister and Daniel Scioli as ambassador in Brazil, following a meeting with a delegation of Brazilian lawmakers at his Buenos Aires headquarters. The Brazilian delegation was headed by the Lower House president, Rodrigo Maia.

• Friday, December 6th 2019 - 08:52 UTC

  Brazilian government optimistic about reforms and the economy's performance forecast

  

  The Brazilian government’s commitment to getting public finances in order and maintaining strict fiscal discipline will lead to the country’s sovereign credit rating being upgraded, Treasury Secretary Mansueto Almeida said on Thursday.

• Wednesday, December 4th 2019 - 09:47 UTC

  Brazil approves the sale of cannabis-based products for medical use

  

  Brazil's health watchdog on Tuesday approved the sale of cannabis-based products for medical use in pharmacies to people with a prescription. The regulation, which takes effect in the coming months, also allows for the manufacture of such products in a laboratory, the Brazilian Health Regulatory Agency (Anvisa) said in a statement.

• Wednesday, December 4th 2019 - 09:40 UTC

  Brazil celebrates: 0.6% expansion in third quarter: rebound of agriculture and industry

  

  Brazil's economy expanded in the third quarter at its fastest pace since early last year, official data showed on Tuesday, with 0.6% growth over the previous quarter driven by a strong performance in agriculture and a sharp rebound in the industry.

• Tuesday, December 3rd 2019 - 09:50 UTC

  Uruguay president elect hopes pragmatism prevails over ideology in Mercosur

  

  Mercosur faces a tense future, the president-elect of Uruguay said on Monday, referring to a diplomatic spat between regional heavyweight economies Brazil and Argentina. Brazil’s right-wing leader Jair Bolsonaro and Argentina’s incoming leader, left-leaning Peronist Alberto Fernandez, have sparred openly.

• Tuesday, December 3rd 2019 - 09:45 UTC

  Brazilian unemployment statistically stable at 11.6% in the Aug/Oct quarter

  

  Brazil's unemployment rate fell to 11.6% in the quarter ending in October, from 11.8% in the quarter ending in July, the country's Institute of Geography and Statistics (IBGE) announced. The rate also fell slightly, compared with the same period of 2018 when it was at 11.7%.