Brazil arrests ‘Colorido,’ PCC drug gang’s No. 2 leader
RIO DE JANEIRO – Brazil’s justice ministry said on Sunday that federal police had captured the No. 2 leader of the First Capital Command (PCC), the country’s most powerful prison…
RIO DE JANEIRO – Brazil’s justice ministry said on Sunday that federal police had captured the No. 2 leader of the First Capital Command (PCC), the country’s most powerful prison…
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…