Tag: Brazil

• Wednesday, September 25th 2019 - 09:49 UTC

  Moody's urges Brazil to implement economic reform and balance public finances

  

  An improvement in Brazil’s sovereign credit rating hinges more on stronger economic growth than lower interest rates, rating agency Moody’s said on Tuesday, urging economic reform and the shoring up of public finances.

• Wednesday, September 25th 2019 - 09:38 UTC

  Persistently low inflation in Brazil anticipates further cut in interest rate

  

  Gradual economic growth and persistently low inflation in Brazil are likely to pave the way for a further reduction in interest rates, the country’s central bank indicated on Tuesday, warning that global economic conditions appear to be deteriorating.

• Wednesday, September 25th 2019 - 09:04 UTC

  Brazilian farmers face the challenge of African Swine Fever impact in China

  

  Chinese commodities trader COFCO said it expects a sharp drop in the number of soybeans it will source for export from Brazil this year due to an outbreak of African Swine Fever (ASF) in China that has hurt demand for animal feed.

• Tuesday, September 24th 2019 - 09:50 UTC

  Bachelet feels sorry for Brazil, “how I take things, depends on who is saying them...”

  

  U.N. human rights chief Michelle Bachelet, who earlier this month came under personal attack from Brazilian president Jair Bolsonaro, says she feels sorry for Brazil, according to a Chilean media report published on Sunday.

• Tuesday, September 24th 2019 - 07:53 UTC

  With revenue increasing Brazil unlocks budget funds for education and defense

  

  Brazil’s government will free up 12.5 billion reais (US$3 billion) for discretionary spending, the Economy Ministry said in its latest bi-monthly spending and revenue report, as it seeks to ease the pressure on departmental budgets following deep spending freezes this year.

• Tuesday, September 24th 2019 - 07:41 UTC

  Criminal charges against Brazil's mining giant Vale and German safety firm

  

  Brazilian federal police have proposed criminal charges against mining giant Vale and German safety firm Tüv Süd and 13 of their employees over January's deadly dam collapse, reports say.

• Sunday, September 22nd 2019 - 22:59 UTC

  Bachelet pities Brazil over Bolsonaro's support to Pinochet

  

  The United Nations' High Commissioner for Human Rights Michelle Bachelet said Saturday she felt “sorry for Brazil,” after President Jair Bolsonaro publicly expressed his support for former Chilean dictator Augusto Pinochet.

• Saturday, September 21st 2019 - 13:30 UTC

  Brazil fears Chinese invasion, says website

  

  Top secret documents drafted by Brazilian military, backed by President Jair Bolsonaro, indicate that the Amazon is under threat of Chinese penetration, according to a report published Friday by the site The Intercept, accessed by the Italian news agency ANSA.

• Friday, September 20th 2019 - 10:20 UTC

  Floating bookstore 'Logos Hope' opens in Rio

  

  The world's largest floating bookstore - the Logos Hope - with a crew of 400 volunteers from 60 nations Thursday opened its doors to the public to offer books on a large assortment of subjects. The vessel has visited over 1,400 ports in 150 countries worldwide. Most recently, she stopped at Buenos Aires and Mar del Plata in Argentina.

• Friday, September 20th 2019 - 09:57 UTC

  Bolsonaro: Petrobras behind fuel price increase, not government

  

  Brazil's President Jair Bolsonaro Thursday explained that his government had nothing to do with the rise in the price of gasoline and diesel fuel, which followed the raid on Saudi Arabian facilities over the weekend.