Tag: Brazil

• Tuesday, June 25th 2019 - 08:35 UTC

  Bolsonaro supports Rio to host the F1 Grand Prix starting 2021; Sao Paulo refuses to yield

  

  President Jair Bolsonaro said on Monday there is a “99% chance” that Rio de Janeiro will host Formula One's Brazilian Grand Prix starting in 2021 -- the latest in a battle with Sao Paulo, the current host city.

• Monday, June 24th 2019 - 12:37 UTC

  Irish farmers protest Mercosur negotiations before EC offices in Dublin

  

  A protest by the Irish Farmers’ Association (IFA) is taking place at the European Commission offices in Dublin over the “double standards of the commission” in their reckless pursuit of a sell-out trade deal” with the Mercosur trade bloc.

• Saturday, June 22nd 2019 - 09:39 UTC

  The Economist: “Despite turmoil, Brazil is starting to fix its pension system”

  

  Jair Bolsonaro, Brazil’s president, likes romantic metaphors. “Our marriage is stronger than ever,” he said in May after the press speculated that he was at odds with the economy minister, Paulo Guedes. “The marriage ended with no hard feelings,” he said this month after sacking Carlos Alberto dos Santos Cruz, a minister who had said that others in government should be more careful on social media—thus outraging Bolsonaro fans who tweet about the virtues of military rule and the horrors of homosexuality.

• Saturday, June 22nd 2019 - 08:56 UTC

  Brazilian evangelical pastor and husband of a lawmaker killed by two of 51 adopted children

  

  Police in Brazil suspects an evangelical pastor, the husband of a prominent federal lawmaker, was shot dead this week by two of their 55 children following an extramarital “betrayal,” according to news reports on Friday.

• Friday, June 21st 2019 - 09:55 UTC

  Bolsonaro returns indigenous land claims to the Ministry of Agriculture

  

  Right-wing President Jair Bolsonaro issued a new decree putting decisions on indigenous land claims in the hands of the Ministry of Agriculture, four weeks after Congress rebuffed him on the move that is sought by Brazil’s farm lobby.

• Friday, June 21st 2019 - 09:22 UTC

  Walmart agrees to pay millions to settle corruption practices in overseas units

  

  Walmart Inc said on Thursday it will pay US$382 million to settle a seven-year-long investigation into whether its overseas units in Mexico, Brazil, China and India violated the U.S. Foreign Corrupt Practices Act. The retailer will pay more than US$144 million to settle charges by the Securities and Exchange Commission and about US$138 million to resolve parallel criminal charges by the U.S. Department of Justice, according to court and regulatory filings.

• Thursday, June 20th 2019 - 09:50 UTC

  Bolsonaro insists with private savings accounts for the pensions' reform

  

  Brazil’s congressional committee on pension reform began debating a revised bill, as president Jair Bolsonaro urged lawmakers to rethink their move to drop his plan to introduce a retirement system based on private savings accounts.

• Thursday, June 20th 2019 - 09:49 UTC

  Brazilian Justice minister Moro blames organized crime for the hacking of his messages

  

  Brazilian Justice Minister Sergio Moro said on Wednesday that a criminal organization was responsible for leaks of his private messages as a federal judge, which raised questions about his ethics while overseeing a major corruption probe.

• Thursday, June 20th 2019 - 09:20 UTC

  Vale resumes full operations at Brucutu mine easing pressure on iron ore markets

  

  Brazilian miner Vale SA said on Wednesday that it will fully resume operations at its Brucutu mine within 72 hours after an appeals court overturned an earlier ruling that halted processing because of concern about the safety of a nearby dam.

• Thursday, June 20th 2019 - 08:50 UTC

  Brazil central bank leaves benchmark rate at 6.50%; forecasts of 5.50% by December

  

  Brazil’s central bank held its benchmark interest rate at a record-low 6.50% on Wednesday, as expected, holding back from signalling looser policy because of doubts on economic reforms. The scenario outlined by policymakers was one of anaemic economic growth and high levels of economic slack putting downward pressure on inflation at home, plus the prospect of interest rates coming down in major developed economies.