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 creates more formal jobs than expected in September
BRASILIA (Reuters) – Brazil created a net 211,764 formal jobs in September, official figures showed on Monday, slightly exceeding expectations as the labor market shows resilience in the country. Economists polled by…
Brazil to slightly increase size of regional development fund
BRASILIA (Reuters) – Brazilian Finance Minister Fernando Haddad said on Monday that the government will raise the amount directed to a regional development fund in order to secure the approval of a…
GM workers in Brazil go on strike in protest against layoffs
SAO PAULO (Reuters) – Metalworkers at Brazilian plants of General Motors have voted to go on strike starting Monday in protest against layoffs carried out by the U.S.-based automaker in the country,…
Crunch time for Brazil ports as coffee flow hit, sugar vessels delayed
By Marcelo Teixeira (Reuters) – Brazil’s commodities export hubs are strained with record volumes of soy, corn and sugar to be moved at a time of the year when rains start to…
Brazil central bank director cites consensus on 50 bp rate cut pace going forward
BRASILIA (Reuters) – There was unanimity in the Brazil central bank’s latest policy decision that an interest-rate-cut pace of 50 basis points would be suitable for the upcoming meetings, the bank’s director…
Brazil shipping agents warn clients drought disrupting corn shipping on barges
By Ana Mano SAO PAULO (Reuters) – A severe drought is disrupting barge traffic on the Tapajos river in the Amazon rainforest, shipping agencies told clients this week as Brazil enters the…
Boeing opens tech center in Brazil, touting alternative fuels link
By Gabriel Araujo SAO JOSE DOS CAMPOS, Brazil (Reuters) – Boeing on Tuesday opened a technology and engineering center in Brazil, aiming to expand its global footprint and take advantage of expertise…
Brazil central bank chief says governments must address fiscal issues to avoid market disruption
(Reuters) – Brazil’s central bank chief, Roberto Campos Neto, said on Tuesday that governments need to start addressing fiscal issues, noting a current lack of coordination that is starting to bite, even…
Top Treasury lawyer sees Brazil beating revenue outlook for tax disputes
By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) – Nearly 40% of the extra revenue that Brazil’s government needs to erase its budget deficit next year hinges on one strategy: the Brazilian…
Heineken-owned brewery added to Brazil ‘slave labor’ list
By Lisandra Paraguassu and Fabio Teixeira BRASÍLIA / RIO DE JANEIRO (Reuters) – Brazilian brewery Kaiser, which is owned by Heineken, has been added to the government’s list of companies responsible for…
Brazil auto exports to plunge this year as Argentina crisis hits hard
By Alberto Alerigi SAO PAULO (Reuters) – Brazilian auto exports are set to plunge by double digits in 2023 when compared with the previous year, automaker association Anfavea said on Friday, as…
Sixteen arrested as police target Brazil and Europe cocaine gang
BRUSSELS (Reuters) – Sixteen people were arrested this week after international police forces targeted an organised crime group trafficking cocaine between Brazil and Europe, the Europol police body said on Friday. The…
Brazil cenbank chief says rate cut pace ‘appropriate’ for the moment
By Fabricio de Castro SAO PAULO (Reuters) – Brazil’s current pace of interest rate cuts is “appropriate” for the moment, central bank chief Roberto Campos Neto said, after the monetary authority reduced…
Brazil September trade surplus hits record but misses expectations
BRASILIA (Reuters) – Brazil’s trade surplus reached a historic high for September, but fell slightly short of market estimates, according to government data released on Monday. The trade surplus for the month…
Brazil airline Azul completes payment deal with lessors, OEMs
SAO PAULO (Reuters) – Brazilian airline Azul has completed restructuring obligations it had with most of its lessors and equipment manufacturers, part of a broader shake-up that also saw the carrier delay…
Sigma Lithium questions reporting on Brazil mineral rights ‘injunction’
By Fabio Teixeira RIO DE JANEIRO (Reuters) – Sigma Lithium on Friday challenged a Reuters report that a Brazilian court had imposed an “injunction” on its ability to sell or mine two…
Bar for speeding up Brazil rate cuts now a bit higher -central bank chief
BRASILIA (Reuters) – Brazil’s central bank governor said on Thursday that the bar for accelerating interest rate cuts is a little higher now, signaling policymakers have been following recent developments in the…
Casas Bahia executive quits as crisis deepens at Brazil retailer
SAO PAULO (Reuters) – A top executive of Casas Bahia has decided to quit after less than five months on the job, deepening a corporate crisis that has seen shares in one…
Brazil police carry out raids as part of Jan. 8 riots probe
SAO PAULO (Reuters) -Brazil’s federal police said on Wednesday they were carrying out fresh raids and arrests as part of an investigation into the Jan. 8 riots in Brasilia, in which supporters…
Brazil to negotiate sale of Embraer C-390 aircraft to Sweden
RIO DE JANEIRO (Reuters) – Brazilian Defense Minister Jose Mucio said on Tuesday he will travel to Sweden next month to negotiate a potential sale of Embraer’s C-390 Millennium military cargo aircraft…
Brazil, Mexico, India in good position to attract capital, says Haddad
SAO PAULO (Reuters) – Brazil, Mexico and India are some of the countries currently standing in a good position to attract investments, Brazilian Finance Minister Fernando Haddad said on Monday, touting a…
Renault to maintain mixed ethanol combustion engines in Brazil
SAO PAULO (Reuters) – Renault will maintain production of ethanol-fueled combustion vehicles in Brazil, where nine in 10 cars are equipped to run on a mixture of gasoline and the biofuel as…
Brazil courts foreign investment to expand rail and highways
By Catarina Demony and Lisandra Paraguassu LISBON (Reuters) – Brazil hopes to attract some 180 billion reais ($36.6 billion) of private investments in new rail and highway projects over the next three…
Brazil requests US help for probes involving Bolsonaro, sources say
By Ricardo Brito and Lisandra Paraguassu BRASILIA (Reuters) – Brazil has formally requested U.S. law enforcement assistance into probes that involve former President Jair Bolsonaro after his ex-aide agreed to cooperate with…
Brazil government expects rates to fall by at least 50 bps -minister
BRASILIA (Reuters) – The Brazilian government expects cuts of at least 50 basis points in the central bank’s benchmark interest rate over the remaining three meetings this year, aiming to end 2023…
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