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brazil’s

Brazil’s central bank employees escalate protests over career demands

September 25, 2023
Brazil's central bank employees escalate protests over career demands - photo licensed by shore news network.

BRASILIA (Reuters) – Brazil’s central bank employees said on Monday they would intensify work stoppages in protest of the government’s alleged failure to address career …

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Brazil’s federal tax revenue down in August for third straight month

September 21, 2023

BRASILIA (Reuters) – Brazil’s federal tax revenue fell for a third consecutive month in August, highlighting challenges faced by the government in improving public finances …

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Fourteen dead in plane crash in Brazil’s Amazonas state

September 20, 2023

(This Sept. 16 story has been corrected to say that the plane was a turbo-prop plane and not a jet in paragraph 1) By Steven …

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Brazil’s economic activity at start of third quarter beats expectations

September 19, 2023September 19, 2023
Brazil's economic activity at start of third quarter beats expectations - photo licensed by shore news network.

BRASILIA (Reuters) – The Brazilian economy kicked off the third quarter with a stronger-than-expected pace, bolstering recent upward revisions in the country’s GDP growth forecast …

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Analysis-Lula struggles to revive Brazil’s ‘soft power’ amid US-China tensions

September 18, 2023September 18, 2023
Analysis-lula struggles to revive brazil's 'soft power' amid us-china tensions - photo licensed by shore news network.

By Anthony Boadle BRASILIA (Reuters) – Since he returned to office in January, Brazil’s President Luiz Inacio Lula da Silva has traveled to 21 countries …

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Brazil’s Casas Bahia raises $126.5 million in share offering

September 14, 2023
Brazil's casas bahia raises $126. 5 million in share offering - photo licensed by shore news network.

SAO PAULO (Reuters) – Brazilian retailer Casas Bahia raised 622 million reais ($126.53 million) in a share offering, the company said on Thursday. Casas Bahia, …

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Brazil’s inflation expected to have picked up slightly in August: Reuters poll

September 11, 2023
Brazil's inflation expected to have picked up slightly in august: reuters poll - photo licensed by shore news network.

By Gabriel Burin (Reuters) – Brazil’s inflation picked up slightly in August from July due to the finalization of a one-off discount on energy prices …

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At least 39 dead as cyclone hits Brazil’s southernmost state

September 7, 2023
At least 39 dead as cyclone hits brazil's southernmost state - photo licensed by shore news network.

RIO DE JANEIRO (Reuters) – At least 39 people have died and nine remain missing after a cyclone battered Brazil’s southernmost state Rio Grande do …

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Lower growth in China not affecting commodity prices ‘that much,’ Brazil’s Campos Neto says

September 5, 2023September 5, 2023
Lower growth in china not affecting commodity prices 'that much,' brazil's campos neto says - photo licensed by shore news network.

BRASILIA (Reuters) – Brazilian central bank chief Roberto Campos Neto said on Tuesday that the slower growth seen in China is not affecting commodity prices …

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Brazil’s Petrobras walks back 4 divestment processes after review

September 4, 2023September 4, 2023
Brazil's petrobras walks back 4 divestment processes after review - photo licensed by shore news network.

SAO PAULO (Reuters) – Brazilian state-run oil company Petrobras said on Monday it has decided to halt some key asset sales after concluding a broad …

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Brazil’s Lula to undergo hip surgery by the end of September

September 1, 2023September 1, 2023
Brazil's lula to undergo hip surgery by the end of september - photo licensed by shore news network.

(Reuters) – Brazilian President Luiz Inacio Lula da Silva said on Friday he will undergo hip surgery to treat chronic femoral pain by the end …

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Brazil’s lower house approves extension of payroll tax exemption until 2027

August 30, 2023

BRASILIA (Reuters) – Brazil’s lower house of Congress approved on Wednesday the main text for a project that extends a payroll tax exemption for 17 …

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Brazil’s Senate approves tax trial rules change

August 30, 2023

BRASILIA (Reuters) – Brazil’s Senate approved a bill on Wednesday night that introduces changes to tax trial rules, aimed at raising the bar for companies …

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Government spending, macro headwinds threaten Brazil’s economy: ex-central bank chief Fraga

August 29, 2023
Government spending, macro headwinds threaten brazil's economy: ex-central bank chief fraga - photo licensed by shore news network.

By Lisa Pauline Mattackal (Reuters) – Insufficient government spending cuts, rising global interest rates and tighter liquidity place Brazil in a risky fiscal situation, a …

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Brazil’s Marfrig sells abattoirs to Minerva in $1.5 billion deal

August 28, 2023August 28, 2023
Brazil's marfrig sells abattoirs to minerva in $1. 5 billion deal - photo licensed by shore news network.

By Peter Frontini SAO PAULO (Reuters) -Brazilian meatpacker Marfrig has agreed to sell 16 slaughtering plants to rival Minerva for 7.5 billion reais ($1.54 billion) …

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Brazil’s inflation slightly worse -central bank chief

August 26, 2023August 26, 2023
Brazil's inflation slightly worse -central bank chief - photo licensed by shore news network.

BRASILIA (Reuters) – Brazil’s central bank governor Roberto Campos Neto said on Saturday that the latest inflation data had worsened but underscored the bank’s non-reliance …

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Ex-CEO of Brazil’s Americanas says he did not expect to lead bankrupt firm

August 22, 2023
Ex-ceo of brazil's americanas says he did not expect to lead bankrupt firm - photo licensed by shore news network.

(Reuters) – The former head of Brazilian retailer Americanas quit two weeks into the job because he had not expected to take over a bankrupt …

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Brazil’s central bank ‘very committed’ to current rate cut pace -director

August 15, 2023
Brazil's central bank 'very committed' to current rate cut pace -director - photo licensed by shore news network.

BRASILIA (Reuters) – Brazil’s central bank director of international affairs Fernanda Guardado said on Tuesday policymakers are firmly dedicated to the current pace of rate …

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Brazil’s Magalu blames wider quarterly loss on high borrowing costs

August 14, 2023
Brazil's magalu blames wider quarterly loss on high borrowing costs - photo licensed by shore news network.

SAO PAULO (Reuters) – Brazilian retailer Magazine Luiza reported on Monday a second-quarter adjusted net loss of 198.8 million reais ($40 million), blaming the country’s …

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Ford reaches deal to move industrial unit to Brazil’s Bahia state

August 11, 2023
Ford reaches deal to move industrial unit to brazil's bahia state - photo licensed by shore news network.

SAO PAULO (Reuters) – Ford’s Brazilian unit on Friday said it reached a transfer agreement with the government of Bahia state to give it ownership …

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Brazil’s helicopter market seen picking up in H2 after early 2023 slowdown

August 11, 2023
Brazil's helicopter market seen picking up in h2 after early 2023 slowdown - photo licensed by shore news network.

By Gabriel Araujo SAO PAULO (Reuters) – Major helicopter manufacturers operating in Brazil expect a demand recovery in the second half of 2023 after a …

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Improving Brazil’s public revenue would set stage for more rate cuts -cenbank governor

August 10, 2023
Improving brazil's public revenue would set stage for more rate cuts -cenbank governor - photo licensed by shore news network.

BRASILIA (Reuters) – Brazil’s central bank Governor Roberto Campos Neto said on Thursday that improving public revenue would anchor inflation expectations in line with official …

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Airbus open to potential partner in Brazil’s Helibras, executive says

August 8, 2023
Airbus open to potential partner in brazil's helibras, executive says - photo licensed by shore news network.

By Gabriel Araujo SAO PAULO (Reuters) – Airbus would be open to sell a stake in helicopter maker Helibras to a potential strategic partner after …

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Brazil’s Lula: Amazon countries summit to build common policy for first time

August 2, 2023August 2, 2023
Brazil's lula: amazon countries summit to build common policy for first time - photo licensed by shore news network.

BRASILIA (Reuters) – Brazil President Luiz Inacio Lula da Silva on Wednesday said that next week’s summit of Amazon region nations will seek to draw …

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Brazil’s industrial output surprises with small rise in June

August 1, 2023August 1, 2023
Brazil's industrial output surprises with small rise in june - photo licensed by shore news network.

SAO PAULO (Reuters) – Industrial production in Brazil surprised economists with a small increase in June, but the positive figures are unlikely to prevent the …

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Brazil’s jobless rate hits lowest since 2014 for a quarter through June

July 28, 2023
Brazil's jobless rate hits lowest since 2014 for a quarter through june - photo licensed by shore news network.

SAO PAULO (Reuters) – Brazil’s jobless rate fell in the quarter through June to its lowest level for the period in nine years, statistics agency …

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Brazil’s public sector gross debt steady at 73.6% of GDP in June

July 28, 2023
Brazil's public sector gross debt steady at 73. 6% of gdp in june - photo licensed by shore news network.

BRASILIA (Reuters) – Brazil’s public sector debt remained stable at 73.6% of its gross domestic product (GDP) in June despite a significant negative primary result …

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Brazil’s Vale to sell 13% stake in base metals unit for $3.4 billion

July 27, 2023
Brazil's vale to sell 13% stake in base metals unit for $3. 4 billion - photo licensed by shore news network.

By Peter Frontini SAO PAULO (Reuters) -Brazilian miner Vale said on Thursday it reached two separate agreements to sell a 13% stake in its base …

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Brazil’s postal service inks deal with Shopee to sell products to Asia

July 26, 2023
Brazil's postal service inks deal with shopee to sell products to asia - photo licensed by shore news network.

(Reuters) – Brazil’s postal service Correios said on Wednesday it has signed an agreement with Singaporean shopping app Shopee to boost exports of Brazilian products …

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Brazil’s finance minister expects interest to fall to ‘at least’ 12% by year-end

July 26, 2023July 26, 2023
Brazil's finance minister expects interest to fall to 'at least' 12% by year-end - photo licensed by shore news network.

BRASILIA (Reuters) – Brazil’s Finance Minister Fernando Haddad said on Wednesday he expects the basic interest rate to fall to “at least” 12% by year-end, …

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Brazil’s Copel to launch privatization offering of up to $1 billion

July 25, 2023July 25, 2023
Brazil's copel to launch privatization offering of up to $1 billion - photo licensed by shore news network.

SAO PAULO (Reuters) – Brazilian electric utility Copel is planning to launch a public share offering between Tuesday and Wednesday of up to 5 billion …

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Brazil’s GPA again rejects Colombian tycoon’s bid to buy 51% of Exito

July 20, 2023
Brazil's gpa again rejects colombian tycoon's bid to buy 51% of exito - photo licensed by shore news network.

SAO PAULO (Reuters) – Brazilian retailer GPA said on Thursday its board rejected a second offer from Colombian billionaire Jaime Gilinski to acquire a 51% …

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Brazil’s Lula to issue counter-proposal on Mercosur trade deal in 2-3 weeks

July 19, 2023
Brazil's lula to issue counter-proposal on mercosur trade deal in 2-3 weeks - photo licensed by shore news network.

By Catarina Demony and Andrew Gray (Reuters) -Brazilian President Luiz Inacio Lula Da Silva said on Wednesday he will send the European Union a counter-proposal …

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Colombian tycoon makes offer for Exito stake held by Brazil’s GPA

July 18, 2023July 18, 2023
Colombian tycoon makes offer for exito stake held by brazil's gpa - photo licensed by shore news network.

(Reuters) – Brazilian retailer GPA announced it received a new offer from Colombian billionaire Jaime Gilinsky to buy part of GPA’s stake in its Colombian …

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Brazil’s economic activity surprises negatively with 2% decline in May

July 17, 2023July 17, 2023
Brazil's economic activity surprises negatively with 2% decline in may - photo licensed by shore news network.

BRASILIA (Reuters) – Economic activity in Brazil declined in May, showed a central bank index on Monday, signaling a non-linear trajectory for the country’s growth, …

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Brazil’s Azul launches notes offering as part of broad restructuring plan

July 12, 2023
Brazil's azul launches notes offering as part of broad restructuring plan - photo licensed by shore news network.

SAO PAULO (Reuters) – Brazilian airline Azul announced on Wednesday it is launching a public offering of senior secured notes due 2028, fulfilling its pledge …

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Local markets more upbeat about Brazil’s economy under Lula, poll shows

July 12, 2023July 12, 2023
Local markets more upbeat about brazil's economy under lula, poll shows - photo licensed by shore news network.

SAO PAULO (Reuters) – Financial market participants in Brazil are increasingly optimistic about the country’s economic prospects under leftist President Luiz Inacio Lula da Silva, …

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Brazil’s Ebanx partners with Nubank to offer payment service to customers

July 11, 2023July 11, 2023
Brazil's ebanx partners with nubank to offer payment service to customers - photo licensed by shore news network.

By Carolina Pulice MEXICO CITY (Reuters) – Brazilian financial technology company Ebanx said on Tuesday it has signed a deal to partner with digital bank …

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Brazil’s lower house approves crucial tax trial rules change

July 7, 2023July 7, 2023
Brazil's lower house approves crucial tax trial rules change - photo licensed by shore news network.

BRASILIA (Reuters) – Brazil’s lower house passed a bill on Friday aimed at raising the bar for companies to win challenges to their tax bills, …

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Google hires Brazil’s Temer to lobby on controversial internet bill

June 30, 2023June 30, 2023
Google hires brazil's temer to lobby on controversial internet bill - photo licensed by shore news network.

(Reuters) -Google has hired Brazilian former President Michel Temer to lobby lawmakers considering a proposal to regulate the internet, his adviser said on Friday. The …

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Power grids not yet ready for ‘flying cars’, says Brazil’s Eve

June 30, 2023
Power grids not yet ready for 'flying cars', says brazil's eve - photo licensed by shore news network.

By Gabriel Araujo SAO PAULO (Reuters) – Power grids around the world are not yet ready for the so-called flying car, an executive with Brazilian …

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Brazil’s monetary easing crucial for ‘adequate’ 2024 -Treasury secretary

June 26, 2023

BRASILIA (Reuters) – Brazil Treasury secretary Rogerio Ceron on Monday said the sooner monetary easing begins, the sooner conditions will be created for an “adequate” …

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Brazil’s Lula calls for ‘common sense’ negotiations on EU-Mercosur trade pact

June 24, 2023
Brazil's lula calls for 'common sense' negotiations on eu-mercosur trade pact - photo licensed by shore news network.

(Reuters) – Brazilian President Luiz Inacio Lula da Silva on Saturday urged the European Union and the Mercosur to set aside arrogance and negotiate the …

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Brazil’s Americanas rushes to produce new financials, strike deal with debt holders

June 22, 2023June 22, 2023
Brazil's americanas rushes to produce new financials, strike deal with debt holders - photo licensed by shore news network.

By Carolina Pulice MEXICO CITY (Reuters) – Brazilian retailer Americanas SA is scrambling to finalize its fourth-quarter income statement even as it redoubles efforts to …

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Brazil’s Lula discusses Ukraine war, BRICS with South African leader

June 22, 2023
Brazil's lula discusses ukraine war, brics with south african leader - photo licensed by shore news network.

SAO PAULO (Reuters) – Brazilian President Luiz Inacio Lula da Silva said on Thursday he had discussed the war between Russia and Ukraine and an …

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Brazil’s Lula says EU should ‘give up’ protectionism to reach Mercosur deal

June 22, 2023June 22, 2023
Brazil's lula says eu should 'give up' protectionism to reach mercosur deal - photo licensed by shore news network.

By Catarina Demony (Reuters) – Brazil’s President Luiz Inacio Lula da Silva said on Thursday the European Union should stop adopting a protectionist stance if …

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Cash-strapped Casino to sell participation in Brazil’s Assai

June 22, 2023June 22, 2023
Cash-strapped casino to sell participation in brazil's assai - photo licensed by shore news network.

PARIS (Reuters) – Heavily indebted French supermarket chain Casino on Thursday announced it would sell its residual equity stake in Brazilian retailer Assai, representing around …

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Brazil’s Lula discusses peace, poverty and inequality with pope

June 21, 2023
Brazil's lula discusses peace, poverty and inequality with pope - photo licensed by shore news network.

VATICAN CITY (Reuters) – Pope Francis met Brazilian President Luiz Inacio Lula da Silva on Wednesday and discussed a range of common concerns including peace, …

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Brazil’s Embraer returns to China with deal for freight conversions

June 21, 2023June 21, 2023
Brazil's embraer returns to china with deal for freight conversions - photo licensed by shore news network.

By Gabriel Araujo SAO PAULO (Reuters) – Brazilian planemaker Embraer is returning to China with a deal to convert passenger jets into freight aircraft with …

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Nidec to form joint venture with Brazil’s Embraer to make flying car parts

June 17, 2023
Nidec to form joint venture with brazil's embraer to make flying car parts - photo licensed by shore news network.

TOKYO (Reuters) – Nidec said on Sunday that it is teaming up with Brazilian firm Embraer to form a new company that will make parts …

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