Tag: Brazil

• Wednesday, April 29th 2020 - 07:41 UTC

  China's imports of Brazilian soybeans drop 24.8% during March over a year ago

  

  Brazilian soybeans imports to China during the month of March dropped 24.8%, over the same month last year. The data was released by the Chinese General Customs Administration last Sunday, April 26, and shows soy imports from Brazil reached 2.1 million tons in March, compared to 2.79 million tons in the same period last year.

• Tuesday, April 28th 2020 - 06:55 UTC

  “Brazil on the path to prosperity, not in the path of despair as Argentina and Venezuela”

  

  “We're on another path, the path of prosperity, not in the path of despair”, said Brazilian economy minister Paulo Guedes when asked about Argentina's decision to partially abandon Mercosur. It was also an opportunity for president Jair Bolsonaro to openly express support for his the “super” minister, who seemed strongly weakened following the forced resignation of the other “super” minister Sergio Moro.

• Tuesday, April 28th 2020 - 06:54 UTC

  Brazil industrial confidence crashed to its lowest level in April

  

  Brazilian industrial confidence crashed to its lowest level on record in April, a survey showed as the lockdowns and sudden halt to swathes of activity lashed Latin America’s largest economy.

• Monday, April 27th 2020 - 07:45 UTC

  Collapse of Boeing deal plunges Brazilian plane maker Embraer into an uncertain future

  

  Brazilian planemaker Embraer SA has been thrust into an uncertain future with no immediate plan B, while not ruling out seeking a bailout after Boeing Co jettisoned a US$ 4.2 billion commercial aerospace tie-up amid the coronavirus crisis.

• Saturday, April 25th 2020 - 08:57 UTC

  Brazil in turmoil following the resignation of Moro complaining of “political interference” from Bolsonaro

  

  Sergio Moro, Brazil's justice and security minister resigned on Friday after clashing with President Jair Bolsonaro over the sacking of the federal police chief. Moro, a former anti-corruption judge, hit out at “political interference” in the federal police, saying he could not do his job without “autonomy” for the force.

• Saturday, April 25th 2020 - 08:50 UTC

  Brazilian stocks plunge 9.6% and the Real sets a new record low

  

  Brazilian stocks sank as much as 9.6%, and the Real slid to new lows on Friday as political turmoil in the country added to mounting concerns over the coronavirus outbreak, while risk aversion ravaged Latin American markets.

• Friday, April 24th 2020 - 08:33 UTC

  Brazil's Justice minister Moro threatens to resign if Bolsonaro changes head of the Federal Police

  

  Brazilian Justice Minister Sergio Moro has threatened to resign if President Jair Bolsonaro goes ahead with plans to change the head of the federal police, according to reports in the daily O Estado de Sao Paulo. Moro insists it is the Justice minister that must appoint the Federal Police chief.

• Friday, April 24th 2020 - 08:28 UTC

  Brazil's Real remains at record low: overstretched budget and another interest rate cut next week

  

  Brazil's Real eyed a fresh record low on Thursday, while other Latin American currencies were muted as markets mulled over increasingly dire economic readings due to the coronavirus.

• Friday, April 24th 2020 - 08:25 UTC

  With oil royalties plummeting, Rio state challenged by investment funds

  

  Already grappling with one of Brazil’s most severe outbreaks of the novel coronavirus and a budget deep in the red, Rio de Janeiro state faces a potential threat to its solvency at the hands of investment giants PIMCO and Dodge & Cox.

• Friday, April 24th 2020 - 07:08 UTC

  Indonesia opens market for beef imports from Argentina and Brazil

  

  Indonesia has issued permits to import 20,000 tons of beef from Brazil or Argentina, the Trade Ministry’s director-general of domestic trade, Suhanto, told parliament on Thursday