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…
Chile, Colombia call for extraordinary OAS meeting after Brazil riots
SANTIAGO (Reuters) – Chilean President Gabriel Boric called for an extraordinary meeting of the Organization of American States (OAS) on Monday to address riots in Brazil where supporters of far-right former President…
Biden condemns ‘assault on democracy’ in Brazil
WASHINGTON (Reuters) -U.S. President Joe Biden on Sunday condemned “the assault on democracy” in Brazil after supporters of far-right former President Jair Bolsonaro invaded the country’s Congress, presidential palace and Supreme Court.…
Brazil real to remain under pressure as fiscal changes weigh – Reuters poll
By Gabriel Burin BUENOS AIRES (Reuters) – Brazil’s real will stay under pressure while the new government mulls fiscal reforms to allow for higher welfare spending, but losses should subside as money…
Bolivia’s Arce hopes to mend ties with Brazil as Lula takes office
LA PAZ (Reuters) – Bolivia’s President Luis Arce said on Monday he hopes Brazil’s new president, Luiz Inacio Lula da Silva, will help improve diplomatic relations and explain issues that generated controversy…
Brazil posts record trade surplus of $62.3 billion in 2022
BRASILIA (Reuters) – Brazil posted a $62.3 billion trade surplus in 2022, official data showed on Monday, a record in the series started in 1989. In December, the trade surplus was $4.8…
Brazil acting president hits out at ‘silent’ Bolsonaro in New Year speech
SAO PAULO (Reuters) – Brazil’s acting president, Hamilton Mourao, on Saturday criticized outgoing far-right leader Jair Bolsonaro for allowing anti-democratic sentiment to thrive in the wake of this year’s election, in a…
Bolsonaro’s call to arms inspired foiled Brazil bomb plot, police are told
By Andre Romani and Gabriel Stargardter BRASILIA (Reuters) – A man arrested for attempting to set off a bomb in protest against Brazil’s election result was inspired to build up an arsenal…
Honeywell UOP to pay over $160M to resolve foreign bribery investigations in U.S. and Brazil
HOUSTON – UOP LLC, dba as Honeywell UOP, a U.S.-based subsidiary of Honeywell International Inc., has agreed to pay more than $160 million to resolve parallel bribery investigations by criminal and civil…
Eletrobras, Shell mull co-investment in Brazil offshore wind power
SAO PAULO (Reuters) – Brazilian power company Eletrobras said on Thursday it has signed a cooperation agreement with Shell as they exchange information for a potential co-investment in offshore wind power in…
Brazil central bank to launch its digital currency in 2024
BRASILIA (Reuters) – Brazil’s central bank aims to launch its digital currency in 2024 after a closed pilot program next year with financial institutions, bank president Roberto Campos Neto said on Tuesday,…
Miner BHP accused of delaying $6 billion-plus Brazil dam case
By Sam Tobin LONDON (Reuters) – Global mining giant BHP Group was on Tuesday accused of trying to “forever put off” the question of liability for a 2015 dam collapse that triggered…
Brazil central bank grants Google Pay payment institution status
SAO PAULO (Reuters) – Alphabet’s Google Pay has received approval to operate as a payment institution in Brazil, Latin America’s largest economy, the country’s official gazette showed on Thursday, allowing it to…
Musk says ‘possible’ that Twitter gave preference to leftists during Brazil election
SAO PAULO (Reuters) – Twitter owner Elon Musk said on Saturday he thought it was “possible” that personnel at the social media firm gave preference to left-wing candidates during Brazil’s election this…
Brazil treasury official Colnago submits resignation -ministry
BRASILIA (Reuters) -Brazil’s Special Treasury and Budget Secretary Esteves Colnago submitted his resignation, the Economy Ministry said on Friday, a month before the usual turnover of the position at the end of…
Brazil industrial output rises in October but near-term outlook remains cloudy
SAO PAULO (Reuters) – Industrial production in Brazil rose 0.3% in October from September, government statistics agency IBGE said on Friday, returning to positive territory after two consecutive monthly declines though still…
Brazil posts record trade surplus for November boosted by sales to China
BRASILIA (Reuters) – Brazil posted a record trade surplus for November, official data showed on Thursday, driven by booming exports, with emphasis on sales to China. According to the Economy Ministry, the…
Brazil central govt posts primary budget surplus of $5.8 billion in October
BRASILIA (Reuters) – Brazil’s central government posted a primary budget surplus of 30.8 billion reais ($5.8 billion) in October, Treasury data showed on Tuesday, above the 25.7 billion reais surplus expected by…
Brazil stocks set to rally 13% by end-2023 despite policy uncertainty: Reuters poll
By Gabriel Burin and Noe Torres BUENOS AIRES/MEXICO CITY (Reuters) – Brazil stocks will rally by double-digits through end-2023, despite uncertainty about new government policies as President-elect Luiz Inacio Lula da Silva…
Credit default ratio in Brazil hits highest in almost 4 years
BRASILIA (Reuters) – A broad measure of Brazilian consumer and business credit default ratios rose in October to its highest level in almost four years, central bank data showed on Monday, amid…
Brazil to allow credit fintechs to initiate payment transactions
BRASILIA (Reuters) -Brazil’s National Monetary Council on Friday decided to allow credit fintechs to initiate payment transactions, the central bank said, a move that will in practice clear them to provide payment…
Leonardo, Iveco win Brazil order worth up to 2 billion euros, Italy’s defence minister says
MILAN (Reuters) -A consortium of defence group Leonardo and commercial vehicle maker Iveco has won an order to supply Brazil’s army with 220 armoured vehicles worth up to 2 billion euros ($2.08…
Three killed, at least eight injured in Brazil school shooting
SAO PAULO (Reuters) – Three people were killed and at least eight injured on Friday when a shooter opened fire at two schools in the Brazilian state of Espirito Santo, local police…
Brazil posts current account deficit of $4.6 billion in October
BRASILIA (Reuters) – Brazil’s current account deficit in October came slightly lower than expected, central bank data showed on Friday, in the wake of a better trade balance surplus and a significant…
Key Brazil senator pushing to waive at least $19 billion from spending cap
BRASILIA (Reuters) -Brazilian Senator Marcelo Castro said on Wednesday that a constitutional amendment backed by President-elect Luiz Inacio Lula da Silva must exempt at least 100 billion reais ($19 billion) from a…
Brazil central bank postpones higher capital requirements for fintechs to July 2023
BRASILIA (Reuters) – Brazil’s central bank on Friday announced the postponement of higher capital requirements for fintechs to July 2023, after establishing tougher rules for payment institutions based on their size and…
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