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…
What next for Bolsonaro? Not the presidency, wager even his Brazil allies
By Anthony Boadle and Ricardo Brito BRASILIA (Reuters) – Former President Jair Bolsonaro promises to be many things in the coming years: a leader of Brazil’s political opposition, a thorn in the…
Meta’s WhatsApp rolls out business payment tool in Brazil
By Andre Romani SAO PAULO (Reuters) – Meta Platforms on Tuesday began rolling out its payments tool to small and medium-sized firms through its WhatsApp messaging platform in Brazil, part of Meta’s…
Lula says will invite Xi to Brazil as China trip approaches
BRASILIA (Reuters) – Brazilian President Luiz Inacio Lula da Silva said on Monday he would invite his Chinese counterpart Xi Jinping to Brazil, speaking on the eve of his departure the Asian…
Brazil inflation seen staying high in March on rising gasoline costs
By Gabriel Burin (Reuters) – Brazil’s inflation likely stayed high in March on rising gasoline bills, reigniting cost of living problems in the country’s stagnant economy and probably stoking more disagreement over…
Brazil govt sees 2024 monpol not as restrictive as this year’s -official
SAO PAULO (Reuters) – Brazil’s government expects monetary policy next year not to be as restrictive as in 2023, an economy ministry official said on Monday, stressing that a new fiscal framework…
Brazil targets Asian e-commerce giants, local companies in tax push
BRASILIA (Reuters) – Brazil will soon unveil tax measures, including a crackdown targeting Asian e-commerce giants and curbs on some company tax benefits, as it looks to raise more than 100 billion…
Brazil creates rights medal named after Black writer, replacing princess
BRASILIA (Reuters) – Brazil’s leftist government on Monday abolished a human rights medal that former far-right President Jair Bolsonaro had named after the daughter of the country’s last monarch, replacing it with…
Brazil posts record trade surplus for March on booming oil, soybean exports
BRASILIA (Reuters) – Brazil posted the highest trade surplus ever recorded for March, driven by solid oil sales, according to government data on Monday. The trade balance was positive at $10.956 billion…
Brazil formal job creation tops expectations in February
SAO PAULO (Reuters) – Brazil exceeded expectations in its formal job creation for February, with the labor ministry on Wednesday reporting a net result of 241,785 positions. That surpassed the expected 161,000…
Brazil VP wants to convince central bank high interest rate ‘makes no sense’
SAO PAULO (Reuters) – Brazil’s Vice President Geraldo Alckmin said on Monday the government needs to convince the country’s central bank that its high interest rate “makes no sense at all.” Alckmin’s…
Report on Americanas’ woes to be presented to Brazil court next week
By Rodrigo, Viga and Gaier RIO DE JANEIRO (Reuters) – A report detailing Brazilian retailer Americanas SA’s bankruptcy is being prepared by the trustee’s team of over 100 experts and is expected…
Brazil to release fiscal framework proposal before Lula’s China trip
BRASILIA (Reuters) – Brazil President Luiz Inacio Lula da Silva on Wednesday said the proposal for a new fiscal framework prepared by Economy Minister Fernando Haddad will be announced before their trip…
Brazil to probe claims of spy agency eavesdropping on cell phones – minister
BRASILIA (Reuters) – Brazil’s new government will investigate whether the country’s intelligence agency ABIN illegally spied on Brazilians through their cell phones, Justice Minister Flavio Dino said on Wednesday. Dino has spoken…
Brazil development bank aims to pay out sums totaling 2% of GDP by 2026
RIO DE JANEIRO (Reuters) – An executive at Brazilian state development bank BNDES said on Tuesday the bank aims to pay out the equivalent of 2% of the country’s Gross Domestic Product…
Brazil fiscal framework to include rule to track spending, says Haddad
BRASILIA (Reuters) – Brazil’s finance chief said the government’s eagerly awaited fiscal framework would include a new rule to monitor spending but without addressing public debt, in remarks on Friday ahead of…
Americanas scandal won’t affect Brazil banks much even in “extreme scenario” – cenbank
BRASILIA (Reuters) – Brazil’s central bank stated on Thursday that the potential impact of the accounting scandal involving retailer Americanas SA on banks would be ‘insignificant’ even in an extreme scenario. The…
Brazil tax reform seen boosting long-term economic growth, official says
BRASILIA (Reuters) – A proposed tax reform in Brazil will likely generate additional economic growth of 12% over the next 15 years, the special secretary for tax reform, Bernard Appy, said on…
Brazil airline Gol’s shares soar after unexpected Q4 net profit
By Gabriel Araujo SAO PAULO (Reuters) – Brazilian airline Gol Linhas Aereas Inteligentes SA on Wednesday reported an unexpected fourth quarter net profit, reversing a multi-billion-real loss seen a year earlier on…
Brazil investigates undeclared $3 million jewelry gift to Bolsonaro
BRASILIA (Reuters) – Brazilian Justice Minister Flavio Dino on Monday ordered police to investigate an alleged attempt to bring in undeclared jewelry, a gift from Saudi Arabia valued at $3.2 million, to…
Brazil announces pilot for digital currency seeking to leverage financial services
BRASILIA (Reuters) – Brazil’s central bank announced the start of a digital currency pilot project on Monday, aiming to replicate the success of its instant payment system Pix to popularize financial services…
Brazil posts lower than expected trade balance in February amid lower exports
BRASILIA (Reuters) -Brazil’s trade surplus for February fell a larger-than-expected 35% from the same month last year as exports, especially of oil, declined, government data released on Wednesday showed. The trade surplus…
Brazil court approves Americanas payment of wages, some debts
RIO DE JANEIRO (Reuters) – A Brazilian court on Tuesday granted a request by bankrupt retailer Americanas that it be allowed to immediately pay workers’ wages and settle small supplier debts, for…
Brazil is closely monitoring credit market to ensure liquidity -Treasury
BRASILIA (Reuters) – The Brazilian government is closely monitoring the credit market to ensure liquidity and considering measures for specific sectors, Treasury Secretary Rogerio Ceron said on Monday. His comments come amid…
Debate grows among Lula’s team over Brazil fuel tax policy
BRASILIA (Reuters) – A debate has broken out among senior aides to Brazilian President Luiz Inacio Lula da Silva over fuel taxes, underlining the competing views within his circle over the future…
Foreign direct investment in Brazil posts best January in 5 years
BRASILIA (Reuters) – Foreign direct investment in Brazil reached its highest level for January in five years, according to central bank data on Friday, continuing a trend of strong results since last…
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