Tag: Brazil

• Monday, May 6th 2019 - 09:39 UTC

  Brazil trade surplus in April, the second largest ever recorded for the month

  

  Brazil posted a trade surplus of US$ 6.06 billion in April, the Economy Ministry said, which is wider than the previous month. It was the second largest surplus ever recorded for the month of April and the biggest monthly surplus so far this year, a result of exports totaling US$ 19.69 billion and imports of US$ 13.63 billion.

• Monday, May 6th 2019 - 09:34 UTC

  Brazil's best performing hedge funds bet heavily on Petrobras

  

  One of Brazil’s best-performing hedge funds has been scooping up the shares of state-controlled oil giant Petrobras. Joao Braga and Marcos Peixoto, who manage US$ 1.3 billion (5 billion reais) at XP Asset Management, have increased their stake in Petrobras, making it the biggest holding of their XP Long Biased fund even as the oil producer’s rally has outpaced the benchmark.

• Monday, May 6th 2019 - 09:30 UTC

  Petrobras oil production fell 3.5% during the first quarter compared to a year ago

  

  Petrobras oil production fell 3.5% in the first quarter from the same period a year before, according to Brazil’s oil regulator ANP, which attributed the fall to a number of scheduled and unscheduled stoppages.

• Saturday, May 4th 2019 - 09:56 UTC

  Brazil and Argentine currencies recover against a weaker US dollar

  

  Latin American currencies ended on a high note on Friday against a weaker dollar after robust U.S. jobs data painted a brighter picture for global growth and gave the U.S. central bank more reason to stay on its dovish path.

• Saturday, May 4th 2019 - 09:54 UTC

  Brazilian industrial production down 1.3% in March and 6.1% from a year ago

  

  Brazil’s industrial production fell 1.3% in March from the month before, statistics agency IBGE said on Friday, a steeper fall than economists had expected and another indication of the economy’s sub-par performance in the first quarter.

• Saturday, May 4th 2019 - 09:53 UTC

  Bolsonaro cancels trip to New York where he was to be honored as “Person of the Year”

  

  Brazil's President Jair Bolsonaro has cancelled a planned trip to the United States after protests from gay rights and environmental campaigners. Mr Bolsonaro was due to attend a ceremony in his honor in New York later in May organized by the Brazilian-American Chamber of Commerce.

• Friday, May 3rd 2019 - 11:46 UTC

  Latin American currencies softened against a strong US dollar following the Fed's two days meeting

  

  Latin American currencies softened against a stronger U.S. dollar on Thursday, a day after the U.S. Federal Reserve kept interest rates steady, while most regional stock markets broadly fell along with their global peers.

• Friday, May 3rd 2019 - 09:17 UTC

  Ford agreement with workers for a friendly shutdown of its historic plant in Sao Paulo

  

  Ford Motor Co said it had reached an agreement with the workers’ union at a historic Brazil plant it plans to shutter by the end of the year, paving the way for a friendly shutdown or potential takeover by a local buyer.

• Friday, May 3rd 2019 - 09:10 UTC

  Agricultural machine makers anxiously waiting for Brazil's new farm credit package

  

  Uncertainty surrounding Brazil’s new farm credit package is worrying executives from the world’s largest agricultural machine makers since a delay on the definition of the program could hurt their sales.

• Friday, May 3rd 2019 - 09:00 UTC

  Huawei launches its Smartphone line in Brazil targeting the premium segment

  

  China’s Huawei Technologies Co Ltd launched two high-end smartphone handsets in Brazil, making its second attempt to penetrate the world’s fourth-largest smartphone market, broadening its footprint in Latin America.