Tag: Brazil

• Saturday, January 12th 2019 - 10:22 UTC

  EU multinationals refuse to collaborate with Brazil justice investigating Petrobras corruption

  

  Commodities trader Trafigura has refused a judge's order to hand over the email archives of two former executives in Brazil who are facing corruption charges over accusations they bribed officials at state-run oil firm Petrobras.

• Friday, January 11th 2019 - 12:27 UTC

  Bolsonaro's “traditional values” reaches Brazilian school textbooks

  

  School textbooks in Brazil will no longer need to highlight the country's ethnic diversity under rule changes brought in under the government of new far-right President Jair Bolsonaro.

• Friday, January 11th 2019 - 12:24 UTC

  Embraer/Boeing marriage receives the blessing from Brazil's government

  

  The Brazilian government on Thursday said it would allow a proposed tie-up between plane makers Embraer SA and Boeing Co to go forward, capping weeks of uncertainty in which President Jair Bolsonaro expressed his hesitation.

• Thursday, January 10th 2019 - 08:32 UTC

  Brazil's soybean crop forecast cut 4.5m tons: hot spell in southern states

  

  Brazil’s 2018/19 soybean crop forecast was cut to 116.9 million tons on Wednesday from 121.4 million tons late in November, said consultancy AgRural, blaming extreme heat and a dry spell in southern areas for the smaller projection.

• Thursday, January 10th 2019 - 08:28 UTC

  World Bank lowers Brazil tepid growth estimates both in 2018 and 2019

  

  The World Bank lowered its growth estimates for Brazil both in 2018 and this year. Last June the multilateral organization bi-annual report indicated that Latin America's largest economy would advance 2.4%, but it has now reduced that to 1.2%, one of the greatest falls for any country in the report.

• Thursday, January 10th 2019 - 06:18 UTC

  Bolsonaro rejects migration pact: “Brazil is sovereign and decides who comes into our home”

  

  Brazil's president Jair Bolsonaro reaffirmed his rejection of a global migration pact, saying decisions about who was able to come into his country need to be “sovereign.” His comments, posted in a series of messages on his Twitter account, reinforced Bolsonaro's declaration before he took office last week that he was going to pull Brazil out of the migration compact that was endorsed by the UN General Assembly in December.

• Wednesday, January 9th 2019 - 14:49 UTC

  Brazil's Bovespa closes above 92.000 points for the first time ever

  

  Latin American stocks in the region's main markets closed on Tuesday at new highs on the positive outlook for the ongoing US/China trade talks in Beijing. Brazil's Bovespa index ended trading above 92,000 points for the first time ever after hitting several record highs last week.

• Wednesday, January 9th 2019 - 08:48 UTC

  Brazilian middleman involved in Petrobras corruption arrested in the US

  

  A Brazilian man facing allegations of bribing officials at state-run oil company Petrobras on behalf of Vitol Group, Glencore and other major oil trading firms has been arrested in the United States, authorities said Tuesday.

• Wednesday, January 9th 2019 - 08:45 UTC

  Domestic car sales in Brazilian domestic market in line with expectations

  

  Car and light truck sales in Brazil went up 13.6% in 2018 from the previous year, cementing the industry’s gradual recovery from a deep recession. Brazil was one of the world’s five biggest auto markets until a recent downturn and, despite last year’s growth, numbers remain lower than at their peak in 2012.

• Tuesday, January 8th 2019 - 09:28 UTC

  Brazilian government and Petrobras in dispute over billions of dollars

  

  Brazil’s Economy Ministry denied that the government would pay US$ 14 billion to state-controlled oil company Petroleo Brasileiro SA to settle a dispute over an oil-producing zone off the Brazilian coast known as the transfer-of-rights area.