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 real to keep close to pre-pandemic levels despite feeble economy: Reuters poll
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 odds with…
Nissan to invest $276 million in Brazil plant, new products
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 and in…
Toyota to close Brazil Sao Bernardo do Campo plant, shift production to other units
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 to its…
IFC to keep pace of investments in Brazil with environmental focus
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 the country’s…
Brazil increases feedlots use to meet China importing requirements
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 cattle, industry…
Brazil should keep inflation targets despite shocks, says central bank nominee
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 price shocks,…
Mercedes-Benz puts 5,600 workers on vacation in Brazil due to chips shortage
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 on Monday.…
Brazil central bank quadruples exposure to Chinese yuan
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 and euros…
BHP prepares for fresh battle against $6.6 billion Brazil dam lawsuit
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 around 200,000…
Citi expects revenue in Brazil to grow 50% over the next 3 years
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 demand for…
MercadoLibre to invest $3.44 billion in Brazil in 2022
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 part of…
Brazil tax cut for ethanol, sugar, soy oil imports to have little impact -analysts
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 was driven…
Analysts see Brazil central bank ending monetary tightening at 13% this year
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 second straight…
Brazil stock exchange operator B3’s profit rises 6% in Q4
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’ estimates. The…
Brazil unveils plan to cut taxes on forex transactions by 2029
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 the Organization…
Brazil government readies $32 billion of economic stimulus -sources
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 current election…
Brazil to end port costs in tax calculation to cheapen imports
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 measure backed…
Brazil meat firms could replace Ukrainian, Russian suppliers as war rages on
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 may be…
Stellantis weighs producing ethanol hybrid vehicle in Brazil
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 launch a…
Brazil trade balance posts biggest February surplus in five years
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 exported goods.…
Brazil economy minister backs bigger cooking gas subsidies as crude costs soar -sources
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 Ukraine conflict,…
Brazil Senate president indicates voting on proposals to lower fuel prices as oil climbs
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 Russia’s invasion…
Brazil to launch national fertilizer plan to stimulate investments -minister
SAO PAULO – Brazil’s agriculture minister, Tereza Cristina Dias, said on Wednesday the country will soon launch a national fertilizer plan to stimulate investments in potash and phosphorus mines. In an interview…
Brazil central bank prepared to act in FX market in case of disproportionate contamination
By Marcela Ayres BRASILIA – Brazil’s central bank said it is prepared to act in the exchange market in case of disproportionate contamination on prices, highlighting it is paying close attention to…
Brazil hospital chain Rede D’or acquires insurer Sulamerica -report
– Brazil hospital chain Rede D’or SA acquired insurer Sulamerica Seguros in a share swap deal, according to a report on Wednesday from local newspaper O Globo. The report said that according…
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