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 police investigating Bolsonaro ally Braga Netto -sources
By Rodrigo Viga Gaier RIO DE JANEIRO (Reuters) – Walter Braga Netto, a close ally of former Brazilian President Jair Bolsonaro, is under federal investigation for alleged equipment procurement irregularities, two sources…
Lula says Putin would not be arrested in 2024 Brazil G20 meeting
(Reuters) – Brazilian President Luiz Inacio Lula da Silva said on Saturday that Russian leader Vladimir Putin would not be arrested in Brazil if he attends the Group of 20 meeting in…
Brazil rescues hundreds held in modern-day slave conditions
SAO PAULO (Reuters) – Brazilian authorities rescued 532 workers held in modern-day slavery in August, in the country’s largest joint operation of the kind, labor prosecutors announced on Tuesday as the government…
Brazil readies first ESG bond, eyes Sep-Nov window, official says
By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) – Brazil’s government on Tuesday outlined plans for its first sustainable sovereign bond issuance in the next few months to fund environmental projects and…
Brazil Congress proposes market regulations after Americanas scandal
BRASILIA (Reuters) – Federal lawmakers in Brazil suggested several measures to boost accountability in the financial market, a report showed on Monday, after retailer Americanas this year revealed a multi-billion-dollar fraud. In…
Brazil central bank applauds Lula’s budget bill, stresses fiscal improvement need
BRASILIA (Reuters) – Brazil’s top central bank officials on Friday praised the government’s commitment to eliminate the primary deficit in its 2024 budget, saying fiscal improvement is vital for aligning inflation expectations…
Brazil records trade surplus of nearly $9.8 billion in August
BRASILIA (Reuters) – Brazil posted a trade balance of of $9.767 billion in August, government data showed on Friday, above market estimates for a balance of $9.75 billion. The month’s performance was…
Brazil Burger King brand owner’s shareholders reject poison pill in win for Mubadala
SAO PAULO (Reuters) – Zamp, the owner of the Burger King brand in Brazil, said on Tuesday its shareholders rejected a proposal to include a poison pill in its internal bylaws, a…
Brazil forecasts revenue boost to wipe deficit in 2024
BRASILIA (Reuters) – Brazil’s government outlined an ambitious plan to rescue its public accounts from deficit which hinges on securing 168.5 billion reais ($34 billion) in extra revenue, according to the 2024…
Mercosur reply on EU trade to be ready in September, Brazil minister tells farm caucus
BRASILIA (Reuters) – South American trade bloc Mercosur will have its counterproposal to a European Union addendum to their long-overdue trade accord ready in September, Brazil’s Foreign Minister Mauro Vieira said on…
Brazil police kill two suspects of massacre in violent Bahia state
RIO DE JANEIRO (Reuters) – Police in the northeastern Brazilian state of Bahia killed two men suspected of involvement in the murder of nine people in the town of Mata de Sao…
Brazil to tax closed-end, offshore funds
(Reuters) – Brazilian President Luiz Inacio Lula da Silva on Monday will sign an executive measure to tax closed-end funds and a bill to tax offshore funds, according to a statement from…
Lula says wants US investments in Brazil to drive energy transition
SAO PAULO (Reuters) – Brazilian President Luiz Inacio Lula da Silva said on Monday he hopes for the United States to want to invest in Brazil so the two countries can work…
Brazil consumer prices up by more than expected in July
SAO PAULO (Reuters) – Brazil’s consumer prices as measured by the benchmark IPCA index rose more than expected in July, data from government statistics agency IBGE showed on Friday, but the figures…
Brazil airline Azul narrows loss, beating forecasts; shares jump
By Gabriel Araujo SAO PAULO (Reuters) – Brazilian airline Azul on Thursday reported a narrower second-quarter loss, beating market expectations, and its shares jumped almost 9% as it provided its first updates…
Clara moves headquarters to Brazil as ‘payment institution’ license secured
By Gabriel Araujo SAO PAULO (Reuters) – Fintech Clara is moving its headquarters from Mexico to Brazil after obtaining a central bank license to operate as a payment institution, a move set…
Boeing says Brazil could be top sustainable aviation fuel player
By Gabriel Araujo SAO PAULO (Reuters) – Brazil has the potential to become one of the major global players in sustainable aviation fuel (SAF), a Boeing executive said on Tuesday, as the…
Amazon set to launch credit card in Brazil with Bradesco
SAO PAULO (Reuters) – Amazon.com will launch a credit card offering in Brazil, in a partnership with Brazilian lender Banco Bradesco SA, the bank’s chief executive said on Friday, as the ecommerce…
Brazil faces setbacks on push to erase budget deficit
By Bernardo Caram and Marcela Ayres BRASILIA (Reuters) – Delays and disappointments on revenue-boosting measures have made it harder for Brazil’s government to balance its budget and erase a primary budget deficit…
Saudi Arabia’s Ma’aden to acquire 10% of Brazil base metals firm – statement
DUBAI (Reuters) – Saudi Arabian Mining Company, known as Ma’aden, has agreed to acquire a 10% stake in Brazil’s base metals company Vale, it said in a bourse statement on Sunday, as…
Brazil set to kick off monetary easing with small rate cut on Aug 2: Reuters poll
By Luana Maria Benedito and Marcela Ayres SAO PAULO (Reuters) – Brazil’s central bank is poised for its first interest rate cut in three years on Wednesday, with most economists anticipating a…
Brazil to begin taxing sports betting, aiming to boost revenues
BRASILIA (Reuters) – Brazil’s government issued an executive order on Tuesday to initiate taxation on sports betting, in line with a measure announced by President Luiz Inacio Lula da Silva’s economic team…
Brazil motor maker WEG posts Q2 net profit up 50%
SAO PAULO (Reuters) – Brazilian motor maker WEG SA reported a 50% jump in net profit, saying that “good demand” in the main regions where it operates helped it post positive figures.…
Brazil eyes taxes on shareholder payouts, closed-end funds to balance 2024 budget -sources
By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) – Brazil’s government is considering changes to the taxation of closed-end funds and shareholder payouts in order to shore up revenue in next year’s…
Fashion retailer H&M to launch in Brazil
COPENHAGEN (Reuters) -Fashion retailer H&M will launch stores and online trade in Brazil in 2025, the company said on Monday. H&M opened its first store in Latin America in Mexico in 2012,…
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