Brazil authorities open investigations into boat with decomposed bodies
SAO PAULO (Reuters) – The Brazilian federal prosecutors office and Para state’s federal police said in statements on Saturday that they will open investigations following reports of a boat found with decomposed…
Brazil government improves primary budget deficit forecast for 2022
BRASILIA – Brazil’s government projected a lower primary budget deficit this year, official figures showed on Friday, with a booming tax collection helping to improve the short-term fiscal balance. The Economy Ministry…
Lula advisers draft plans for more aggressive Brazil FX policy
By Marcela Ayres and Bernardo Caram BRASILIA – Economic advisers to Brazil’s leading presidential candidate are drafting plans for a more aggressive foreign exchange policy, including more market interventions and tighter regulation…
Nutrien buys Casa do Adubo to expand retail presence in Brazil
(Reuters) – Top fertilizer maker Nutrien Ltd on Wednesday agreed to acquire Casa do Adubo S.A., as part of its ambitions to expand its Brazilian retail business. The deal marks Nutrien’s sixth…
Guedes says world is entering stagflation period, Brazil is heading in opposite direction
BRASILIA – Brazil’s Economy Minister Paulo Guedes said on Monday that the global economy is entering a stagflation period, which will be “much more serious” than he previously imagined. Brazil, on the…
Brazil Congress approves major spending bill, lifting Bolsonaro re-election hopes
BRASILIA – Brazil’s Congress on Wednesday approved a major spending package that President Jair Bolsonaro is banking on to lift his flagging re-election hopes, despite expectations it will fan double-digit inflation and…
Analysis: Lula in flak jacket, Brazil on edge as political killing mars campaign
By Lisandra Paraguassu and Gram Slattery BRASILIA – The shooting over the weekend of an official in Brazil’s leftist Workers’ Party (PT) by a supporter of right-wing President Jair Bolsonaro has inflamed…
Brazil services activity grows 0.9% in May, higher than expected
BRASILIA – Services activity in Brazil resumed growth in May and at a faster-than-expected pace, benefiting from the normalization of activities after the severe impact of the COVID-19 pandemic. The services sector…
Brazil automakers association lowers forecasts for 2022 production, sales
SAO PAULO – Brazil’s automakers association Anfavea on Friday lowered its 2022 estimates for the country’s auto industry production, with monthly output falling in June as companies grapple with auto parts supply…
Economists see stronger 2022 GDP for Brazil, inflation missing target for third straight year in 2023
BRASILIA – Economists polled by the Brazilian central bank expect the economy to perform better this year but see inflation staying above the official target until 2023, marking three consecutive years of…
Canada fertilizer sales to Brazil soar as farmers gear up for next crop season
By Ana Mano SAO PAULO – Brazil imported record volumes of potassium chloride (Kcl) from Canada in the first half of the year, a sign that domestic farmers will have plenty of…
Brazil real to firm, but pre-election fiscal loosening seen as risk – Reuters poll
By Gabriel Burin BUENOS AIRES – Brazil’s real is expected to firm over the next 12 months but will come under growing pressure from planned extra social spending against a complex economic…
Brazil posts trade surplus of $8.8 billion in June
BRASILIA – Brazil’s trade surplus reached $8.814 in June, official figures showed on Friday, below market expectations. Economists polled by Reuters had projected a $9.994 billion surplus for the month. The reading…
Brazil Volkswagen workers approve agreement for $193 million investment
SAO PAULO – Volkswagen Group workers at its Taubate plant, in the Brazilian state of Sao Paulo, approved on Wednesday an agreement allowing an investment of 1 billion reais ($192.97 million) for…
Audi invests $19.2 million to restart production in Brazil
SAO PAULO – Audi, a Volkswagen Group brand, announced on Wednesday an investment of 100 million reais ($19.22 million) to restart production at its plant in Parana state in Brazil, according to…
Volkswagen to cut working hours, wages in Brazil as parts shortage deepens
SAO PAULO – Volkswagen AG is set to cut working hours and wages at its Sao Bernardo do Campo factory in Brazil as it grapples with a lack of auto parts and…
Cargill’s Brazil unit stores corn outside silo as harvesting gathers pace
By Ana Mano SAO PAULO – At least one unit of U.S. grain trader Cargill in Brazil’s Mato Grosso state is storing corn in open air outside silos, according to images posted…
Brazil police arrest third suspect in murder of British journalist and indigenous expert
BRASILIA -Brazilian federal police on Saturday said they had arrested a third suspect in the murder of British journalist Dom Phillips and indigenous expert Bruno Pereira in the Amazon rainforest nearly two…
Brazil indigenous defender, sidelined under Bolsonaro, gave life for ‘abandoned’ tribes
By Jake Spring and Anthony Boadle ATALAIA DO NORTE, Brazil – Six tribes from Brazil’s remote Javari Valley packed into an assembly hall on June 11 to lament the disappearance of Bruno…
Natura’s CEO steps down in shakeup at Brazil cosmetic maker
By Gabriel Araujo SAO PAULO – Brazil’s Natura & Co Holding SA said on Wednesday that Chief Executive and Executive Chairman Roberto Marques was stepping down in an organizational shakeup, handing over…
Shares in Brazil airlines rise as Bolsonaro vetoes free checked bags
BRASILIA/SAO PAULO – Brazilian President Jair Bolsonaro has vetoed a Congress-passed measure that would block airlines from charging for checked baggage on their flights, his office said on Wednesday, sending shares in…
Brazil central government posts better than expected 28.6 billion reais surplus in April
BRASILIA – Brazil’s central government reported a better than expected primary budget surplus of 28.6 billion reais ($5.57 billion) in April, official figures showed on Tuesday, with increased tax revenue helping to…
Brazil raises about $6 billion in Eletrobras shares in world’s No.2 offering of the year
By Rodrigo Viga Gaier and Gabriel Araujo RIO DE JANEIRO/SAO PAULO -Brazil’s government on Thursday night moved forward with its bid to privatize Eletrobras, Latin America’s largest utility, as the share offering…
U.S. will discuss climate, elections with Brazil during the Summit for Americas
ABOARD AIR FORCE ONE – Climate will be an “important topic of discussion” between the United States and Brazil during the Summit of the Americas in Los Angeles, U.S. national security adviser…
Brazil bank Itau sells stake in broker XP for $154 million -report
(Reuters) – Brazilian lender Itau Unibanco Holding SA on Tuesday sold some of its roughly 11% stake in New York-listed broker XP Inc for about $154 million, Brazil Journal reported without stating…
Canada’s Brookfield unit among sanitation companies seeking Brazil IPOs
By Tatiana Bautzer SAO PAULO – Two sanitation companies are expected to break Brazil’s IPO drought in the coming months. The sector has been buoyed by Brazil’s decision to update the regulatory…
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