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…
Embraer still working with 22 KC-390 orders from Brazil Air Force
By Gabriel Araujo GAVIAO PEIXOTO, Brazil -Brazil’s Embraer SA is still working with a figure of 22 orders from the Brazilian Air Force for the KC-390 aircraft, its head of Defense &…
VW says taking Brazil human rights probe seriously
BERLIN – German carmaker Volkswagen said on Sunday it was taking seriously an investigation by Brazil’s public prosecutors into alleged human rights violations in the country as reported by German media. “We…
Members of Drug Trafficking Organization Sentenced to Decades in Prison for Selling Methamphetamine and Marijuana in Muncie, Anderson, Gosport, and Brazil
INDIANAPOLIS – Seven individuals have now been sentenced for conspiracy to distribute controlled substances, including methamphetamine and marijuana. The defendants had previously been indicted on their charges in 2019 and 2020. The…
Brazil stock market optimism tempered as fears grow over October vote
By Gabriel Burin and Noe Torres BUENOS AIRES/MEXICO CITY – Brazilian stocks will rise less than previously expected this year as fears over October’s presidential vote tarnish the outlook for the second…
Brazil set to make another 10% cut in import tax rates
BRASILIA -Brazil’s government announced on Monday a new 10% reduction in the tax rate for import goods on a large part of products purchased abroad, aiming to reduce inflationary pressures. The economy…
Brazil should speed up Eletrobras privatization before Fed hikes rates, official says
By Marcela Ayres and Bernardo Caram BRASILIA – Monetary tightening in the United States makes it all the more pressing to speed up the privatization of Brazil’s largest utility, state-run power company…
Dreyfus sees larger Brazil shift to ethanol, warns of sugar shortage
By Marcelo Teixeira NEW YORK -Global commodities trader Louis Dreyfus projected on Wednesday that Brazilian mills will divert a larger-than-expected amount of sugarcane to ethanol production due to high energy prices, causing…
Lula’s lead narrows in Brazil election race -MDA poll
BRASILIA -Former Brazilian President Luiz Inacio Lula da Silva retains a 14-percentage-point lead against far-right incumbent Jair Bolsonaro if an October election goes to a run-off between them as expected, a new…
Exclusive-South Korea’s CJ CheilJedang puts Brazil soy crusher CJ Selecta up for sale, sources say
By Ana Mano SAO PAULO – The South Korean owner of Brazilian soy processor CJ Selecta has put the company up for sale, drawing interest from large international grain traders, according to…
Brazil auto production up 0.4% in April, sales rise 0.3% -Anfavea
SAO PAULO – Brazilian auto industry production rose 0.4% in April from the previous month, totaling 185,449 units, automakers association Anfavea said on Tuesday. Production was down 2.9% from the same month…
Brazil watchdog proposes approval of Pague Menos buy of Extrafarma
SAO PAULO – The technical body of Brazilian antitrust watchdog Cade has recommended the approval of the acquisition of pharmacy chain Extrafarma by rival Pague Menos, the company said on Monday. Cade’s…
Brazil commodities sales to Arab nations soar as importers stock up on food
By Ana Mano SAO PAULO – Brazilian exports to the 22 countries in the League of Arab Nations rose in the first quarter amid a spike in agricultural commodities prices and a…
Any Bolsonaro attempt to undermine Brazil election should be met with sanctions -ex U.S. diplomat
RIO DE JANEIRO – Washington should make it clear to the “messianic” Brazilian President Jair Bolsonaro that any effort to undermine his country’s elections would trigger multilateral sanctions, a newly retired U.S.…
Brazil to make bolder tax cuts on industrial products
By Marcela Ayres BRASILIA – Brazilian President Jair Bolsonaro signed a decree to cut taxes on industrial products (IPI) by 35% effective on May 1, a deeper tax cut than the 25%…
Brazil to raise tax on net income of banks, financial firms
SAO PAULO – Brazil’s government will increase taxes on banks and financial institutions on Thursday, the official gazette showed, in a bid to fund a new debt renegotiation program for small firms.…
Brazil, Mexico WhatsApp users report problems with service – Downdetector
(Reuters) – Meta Platforms Inc’s widely used WhatsApp messaging service was presenting problems for Brazilian and Mexican users, website Downdetector reported on Thursday. (Reporting by Carolina Pulice and Peter Frontini; Editing by…
Brazil central govt posts smaller-than-forecast deficit in March
BRASILIA – Brazil’s central government reported better than expected fiscal numbers in March, once again supported by higher tax revenue, and suggested a brighter fiscal picture for 2022. The central government recorded…
Heineken set to invest $360 million in new brewery in Brazil
SAO PAULO – Heineken NV’s Brazilian arm is set to invest 1.8 billion reais ($360.73 million) in a new production facility in Minas Gerais state in southeast Brazil, the company said on…
Mexico’s Coca-Cola FEMSA seals Campari distribution deal in Brazil
MEXICO CITY – Coca-Cola FEMSA has reached an agreement to distribute Campari Group products in Brazil, the Mexican bottling company said on Tuesday. Italy’s Campari, known for its alcoholic drinks such as…
Ships carrying Russian fertilizers find way to Brazil despite sanctions
By Ana Mano SAO PAULO – Despite concern that sanctions against Russia would cause a shortfall of fertilizer in Brazil, preliminary shipping data shows orders being fulfilled and vessels heading for Brazil,…
Brazilian government still undecided on public salaries, official says
By Marcela Ayres BRASILIA -Brazil’s government has not yet reached a decision over a salary increase for public servants this year, an official said on Monday, stressing that an across-the-board 5% wage…
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 gang and…
Brazil government sees gross debt at 79.6% of GDP in ’23, sets deficit goal at 65.9 billion reais
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 remaining at…
Russia asks Brazil to help keep sway at IMF, World Bank
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 the…
Brazil picks technocrat to lead Petrobras after succession plan mess
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 week to…
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