brazil

By Marcela Ayres BRASILIA – The Brazilian government projected on Thursday that the country’s debt will reach 79.6% of gross domestic product in 2023, rising to 80.3% in 2024 and …

BRASILIA – Russia has asked Brazil for support in the International Monetary Fund, the World Bank and the G20 group of top economies to help it counter crippling sanctions imposed …

By Gram Slattery and Gabriel Araujo RIO DE JANEIRO – After two messy, drama-filled weeks struggling to fill the top job at state-run oil company Petrobras Brazil’s government turned this …

By Gabriel Burin BUENOS AIRES – Brazil’s real will keep trading close to its pre-pandemic levels in coming weeks, still riding a wave of positive sentiment that is strikingly at …

SAO PAULO – Nissan Motor Co on Wednesday said it will invest 1.3 billion reais ($276.12 million) in its plant in Resende in the Brazilian state of Rio de Janeiro …

SAO PAULO – Toyota said on Tuesday it will close its 60-year-old plant in the Brazilian city of Sao Bernardo do Campo, its first ever outside Japan, and shift production …

SAO PAULO – The International Finance Corporation (IFC), the World Bank’s private-sector arm, is expected to maintain the pace of its environment-focused investments in Brazil regardless of the outcome of …

By Nayara Figueiredo SAO PAULO – Driven by Chinese demand, the growth in use of feedlots in Brazilian beef production rose to about a fourth of the country’s overall slaughtered …

BRASILIA – Diogo Guillen, who was nominated to the board of Brazil’s central bank, said on Tuesday that it seems appropriate to keep the government’s current inflation targets despite recent …

SAO PAULO – Mercedes-Benz Group will put more than five thousand workers on collective vacation in two plants in Brazil due to the shortage of semiconductor chips, the company said …

By Marcela Ayres BRASILIA – Brazil’s central bank more than quadrupled its foreign reserves in Chinese yuan last year, policymakers reported on Thursday, as it trimmed holdings of U.S. dollars …

By Kirstin Ridley LONDON – Anglo-Australian mining giant BHP is preparing to battle a resurrected 5 billion pound ($6.6 billion) lawsuit in London’s Court of Appeal next week, launched by …

SAO PAULO – Citigroup Inc expects its revenue in Brazil to grow 50% over the next three years, the chief executive of its local unit said on Tuesday, adding that …

SAO PAULO – South American e-commerce giant MercadoLibre said on Tuesday it will invest 17 billion reais ($3.44 billion) in Brazil in 2022, up 70% from a year earlier, as …

By Roberto Samora SAO PAULO – Brazil’s recently announced tax cut for ethanol, sugar and soy oil imports should have little impact on trade deals in the short term and …

BRASILIA – Brazil’s central bank will wrap up its monetary tightening with rates at 13% this year, according to a weekly survey of private economists on Monday, which showed the …

By Peter Frontini SAO PAULO – Brazilian stock exchange operator B3 reported on Thursday its recurring net profit for the fourth quarter grew by 6.0%, but was slightly below analysts’ …

BRASILIA – Brazil’s government published a decree on Tuesday to phase out taxes on financial operations using foreign exchange, known as IOF taxes, as part of an effort to join …

By Lisandra Paraguassu and Bernardo Caram BRASILIA – Brazil’s federal government plans to announce on Thursday a program providing some 165 billion reais ($32 billion) of economic stimulus during the …

BRASILIA – Brazil’s government is planning to allow port costs to be excluded from tax calculations to lower the cost of imports, three Economy Ministry sources told Reuters, in a …

By Nayara Figueiredo SAO PAULO – Soaring grain prices in the wake of Russia’s attack on Ukraine are hurting Brazilian meatpackers, but trade disruptions facing Ukrainian and Russian meat producers …

By Alberto Alerigi Jr. SAO PAULO – Stellantis is considering the production and sale of a hybrid vehicle powered by electricity and ethanol in Brazil by 2025, and plans to …

BRASILIA – Brazil posted a $4 billion trade surplus in February, the strongest performance for the month since 2017, official data showed on Thursday, amid higher volumes and prices of …

By Marcela Ayres and Bernardo Caram BRASILIA – Brazil’s economy minister backs a proposal to expand cooking gas subsidies for low-income families in response to soaring crude prices during the …

BRASILIA – Brazilian Senate president Rodrigo Pacheco said on Wednesday that bills to curb rising fuel prices would be on the table next week amid renewed pressure on prices after …