Brazilian stocks topped 100,000 points for the first time Monday, on hopes for progress in President Jair Bolsonaro's promised pro-market reforms. The Ibovespa, the country's main index in Sao Paulo, hit an intra-day record of 100,037.69 before closing at its highest level ever of 99,993.93, up 0.86% from the previous trading session.1 comment
Two armed men wearing face masks entered a Brazilian elementary school on Wednesday and shot and killed at least six children who were on their snack breaks, as well as two school officials, before fatally turning their guns on themselves, police said.
Intense floods in Latin America's business hub Sao Paulo, which turned roads into rivers and tossed cars atop buildings and into trees, have killed at least 11 people, with authorities bracing for more rain.
Brazil's President Jair Bolsonaro has provoked controversy by posting an obscene video of two revelers at Carnival, saying he wanted to reveal the truth about the festival. The clip posted on Twitter shows two men engaging in sex acts on top of a taxi shelter during a street party.
Ford Motor Co. said on Tuesday it will close its oldest factory in Brazil and exit its heavy commercial truck business in South America, a move that could cost more than 2,700 jobs as part of a restructuring meant to end losses around the world. Ford previously said the global reorganization, to impact thousands of jobs and possible plant closures in Europe, would result in US$11 billion in charges.
Brazil's President Jair Bolsonaro left hospital on Wednesday, ending a 17-day hiatus at the helm of Latin America's biggest economy during which several high-profile political issues were put on the backburner.
Police in Brazil have arrested five people as part of an investigation into Friday's dam collapse in Brumadinho. At least 65 people died and 300 remain unaccounted for, when toxic sludge engulfed a company canteen and neighboring residential buildings.
General Motors Brazil unit is in advanced talks with Sao Paulo state to receive tax incentives, the company told public officials and union representatives at a meeting on Tuesday, a few days after telling workers in a memo that it was losing money in the country.
Brazil's attorney general has accused President Michele Temer of sitting at the center of an institutionalized system of corruption and has asked the courts to charge him with crimes as soon as he leaves office at the year's end.
About forty gay couples got married in downtown Sao Paulo on Saturday, tying the knot partly out of fear that the new administration of President-elect Jair Bolsonaro could restrict same-sex marriage. Although his campaign did not express views against gay marriage, Bolsonaro's record of homophobic comments has caused alarm.