Timeline- Supporters of Brazil’s Bolsonaro engage in post-election unrest
(Reuters) – Below is a timeline of the key events leading up to the Jan. 8 invasion of Brazil’s Supreme Court, Congress and presidential palace …
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Brazil’s VP says development bank should be strengthened to leverage the economy
BRASILIA (Reuters) – Brazil’s Vice President Geraldo Alckmin said on Wednesday that the state-run development bank BNDES should reduce interest rates to lenders, raising doubts …
Brazil’s Petrobras names interim head after CEO departs
SAO PAULO (Reuters) -Brazilian state-run oil company Petrobras said on Wednesday its board of directors had approved the early departure of chief executive officer Caio …
Brazil’s BRF signs $111 million leniency deal after graft accusations
SAO PAULO (Reuters) – Brazilian food processor BRF SA on Wednesday signed a leniency agreement with local authorities over payments it must make to the …
Brazil’s record 2023 bond bill underscores rising debt burden
By Marcela Ayres BRASILIA (Reuters) – Brazil’s sovereign floating rate bond redemptions will hit a record high next year, underscoring the fiscal challenge facing President-elect …
Brazil’s lower house to cut life span of bill that increases spending cap
BRASILIA (Reuters) – Brazilian lawmakers reached an agreement on Tuesday to cut the length of a proposal to expand the country’s spending cap to fund …
Brazil’s top court lifts Lula with ‘secret budget,’ social spending rulings
SAO PAULO (Reuters) -Brazilian President-elect Luiz Inacio Lula da Silva scored two key victories on Monday, after the Supreme Court granted an injunction allowing him …
Brazil’s Guedes predicts monetary easing by mid 2023, GDP rising 3%
BRASILIA (Reuters) – Brazil’s Economy Minister Paulo Guedes projected on Thursday interest rates would start to fall by mid-2023 and the economy would expand by …
Brazil’s Oi exits bankruptcy protection after more than 6 years; shares jump
SAO PAULO (Reuters) – Shares in Brazilian telecom firm Oi SA soared on Thursday after it revealed it was exiting bankruptcy protection, marking the closure …
Brazil’s Petrobras reaches deal with regulator on govt stake in oilfield
SAO PAULO (Reuters) – Brazilian state-run oil company Petrobras has reached a deal with oil regulator ANP to pay 780 million reais ($146.38 million) regarding …
Deforestation in Brazil’s Cerrado savanna hits seven-year high
By Jake Spring and Gloria Dickie SAO PAULO/MONTREAL (Reuters) -Deforestation in Brazil’s Cerrado savanna rose to a seven-year high, government data showed on Wednesday, destroying …
Brazil’s economic activity shrinks in October on rate hike impact
BRASILIA (Reuters) – Brazil’s economic activity contracted in October, a central bank index showed on Wednesday, as aggressive interest-rate hikes to battle inflation takes a …
Brazil’s next defense minister is a political veteran, respected by military
By Anthony Boadle BRASILIA (Reuters) – Jose Mucio, a veteran politician known for his negotiating skills, will be Brazil’s next defense minister, tasked with smoothing …
Lula taps close ally as Brazil’s next finance minister
By Anthony Boadle BRASILIA (Reuters) – When Brazilian President-elect Luiz Inacio Lula da Silva was barred from running for office four years ago, he turned …
Brazil’s Nubank announces $330 million equity capitalization in Mexico
MEXICO CITY (Reuters) – Brazilian digital bank Nubank, Latin America’s largest fintech, announced on Tuesday a $330 million equity capitalization in Mexico, as it pushes …
Brazil’s central bank to keep rates steady, stress fiscal concerns: Reuters poll
By Gabriel Burin BUENOS AIRES (Reuters) – Brazil’s central bank is set to keep its benchmark interest rate at a cycle-high of 13.75% next week, …
Brazil’s risky debtors triple since 2019 – central bank
By Marcela Ayres BRASILIA (Reuters) – Brazil’s central bank said on Wednesday that 12.2% of borrowers from authorized financial institutions are in a “risky indebtedness” …
Fiscal developments affect Brazil’s central bank decisions through balance of risks, says director
BRASILIA (Reuters) – Brazilian central bank director Diogo Guillen said on Tuesday that markets are more sensitive to fiscal news and that fiscal developments enter …
Brazil’s federal public debt rises in October due to interest payments
BRASILIA (Reuters) -Brazil’s federal public debt increased in October after three consecutive months of decline, official data showed on Friday, driven by debt interest payments. …
Brazil’s Banco Safra buys Alfa financial conglomerate for $192 million
By Tatiana Bautzer SAO PAULO (Reuters) – Brazilian bank Banco Safra acquired control of financial conglomerate Alfa for 1.03 billion reais ($192.2 million), the bank …
Brazil’s central bank chief criticizes spending plan uncertainties
BRASILIA (Reuters) – Brazil’s central bank chief Roberto Campos Neto on Wednesday reiterated concerns about the spending program planned by the government of President-elect Luiz …
Brazil’s Nubank rolls out Mexican savings accounts, debit card
By Cassandra Garrison MEXICO CITY (Reuters) – Brazil’s Nubank, Latin America’s star financial technology firm, began launching Mexican savings accounts on Wednesday as it looks …
Brazil’s gross debt to fall to 74.3% of GDP in 2022, says Guedes
BRASILIA (Reuters) – Brazilian Economy Minister Paulo Guedes projected on Tuesday that the country’s gross debt would fall to 74.3% of GDP in 2022, the …
Brazil’s Lula: Fiscal responsibility crucial but must also spend to improve country
By Catarina Demony LISBON (Reuters) – Brazilian President-elect Luiz Inacio Lula da Silva said on Saturday that fiscal responsibility was crucial but that spending to …
Green outside, red inside: Brazil’s army irked by communist ‘watermelon’ jabs
By Gabriel Stargardter RIO DE JANEIRO (Reuters) – Brazil’s army, which is facing calls from President Jair Bolsonaro’s supporters to stage a coup after his …
Brazil’s Buffett-backed StoneCo nearly doubles profits on more users, bigger prices
SAO PAULO (Reuters) – Brazil’s StoneCo nearly doubled its third quarter profit, the payments firm said on Thursday, as it posted earnings that surged past …
COP27: Greeted like a rock star, Brazil’s Lula promises to protect Amazon
By Jake Spring and William James SHARM EL-SHEIKH, Egypt (Reuters) – Brazil’s Luiz Inacio Lula da Silva received a superstar welcome at the COP27 summit …
Bayer estimates new GM soybean to reach 10% of Brazil’s 2022/23 planting area
SAO PAULO (Reuters) – Bayer AG’s agriculture unit in Brazil expects that its new genetically modified (GM) soybean Intacta2 Xtend will account for about 10% …
Brazil’s Treasury presents new fiscal anchor for debate
BRASILIA (Reuters) – Brazil’s Treasury on Monday presented a proposal for a new fiscal anchor that aims to replace three rules currently in force with …
Brazil’s economic activity resumes growth in September, but below expectations
BRASILIA (Reuters) – Economic activity in Brazil resumed expansion in September, though below expectations, still ending the quarter with positive data, central bank data showed …
Brazil’s Embraer to get $413 million BNDES financing for aircraft production, exports
SAO PAULO (Reuters) – Brazilian planemaker Embraer SA said on Monday that the country’s state development bank BNDES has approved a 2.2 billion real ($413.15 …
Brazil’s Cosan swings to loss on higher debt costs
SAO PAULO (Reuters) – Brazilian conglomerate Cosan SA reported a third-quarter net loss on Friday, swinging from a big profit in the same period last …
In Brazil, Lula aide seeks to delay Inter-American bank leader election
By Marcela Ayres and Rodrigo Viga Gaier BRASÍLIA/RIO DE JANEIRO (Reuters) -An aide to Brazilian President-elect Luiz Inacio Lula da Silva wants to delay the …
Fiscal and social concerns equally important for Brazil’s economy, Itau CEO says
SAO PAULO (Reuters) – Fiscal and social concerns should be given equal weight in the running of Brazil’s economy, the chief executive of bank Itau …
White House: Biden will be looking for an early opportunity to meet with Brazil’s Lula
WASHINGTON (Reuters) -U.S. President Joe Biden will be looking for an “early opportunity” to meet with Brazil’s President-elect Luiz Inacio Lula da Silva, U.S. national …
Brazil’s Rumo profit soars on higher volumes, tariffs
SAO PAULO (Reuters) – Brazilian railroad operator Rumo SA reported on Thursday a six-fold jump in third-quarter profit, benefiting mainly from higher agribusiness cargo volumes …
Brazil’s Magazine Luiza swings to loss, hit by higher borrowing costs
SAO PAULO (Reuters) – Brazilian retailer Magazine Luiza SA reported on Thursday an adjusted net loss of 146 million reais ($27.4 million), the company’s fourth …
Brazil’s Bolsonaro asks protesters to clear road blockades -video
(Reuters) – Brazil President Jair Bolsonaro on Wednesday asked protesting truckers to clear road blockades in place since he lost the country’s presidential runoff election …
Brazil’s Lula may seek more than $39 billion in extra 2023 spending, says aide
By Bernardo Caram BRASILIA (Reuters) – Brazilian President-elect Luiz Inacio Lula da Silva will negotiate in the coming weeks an increase in 2023 government spending …
Brazil’s trade surplus comes lower than expected in October
BRASILIA (Reuters) – Brazil’s trade surplus in October was lower than forecast, even though exports grew faster than imports for the first time since February, …
Brazil’s Bolsonaro to speak today, won’t contest election result -minister
BRASILIA (Reuters) – Brazilian President Jair Bolsonaro is set to make an official statement on his election defeat later on Tuesday, a minister said, adding …
Brazil’s Lula would like to attend COP27 summit, says foreign policy adviser
SAO PAULO (Reuters) – Brazilian President-elect Luiz Inacio Lula da Silva is keen on going to the COP27 United Nations climate summit in November, his …
Brazil’s Lula would like to attend COP27 summit, says foreign policy adviser
SAO PAULO (Reuters) – Brazilian President-elect Luiz Inacio Lula da Silva is keen on going to the COP27 United Nations climate summit in November, his …
Biden congratulates Brazil’s Lula on election victory
WASHINGTON (Reuters) – U.S. President Joe Biden congratulated Brazil’s Luiz Inacio Lula da Silva on his election victory during a call on Monday, the White …
Brazil’s Lula to speak with Biden later on Monday
SAO PAULO (Reuters) – Brazil’s President-elect Luiz Inacio Lula da Silva is set to speak with U.S. President Joe Biden later on Monday, said the …
Brazil’s Eletrobras offers buyout to cut over 2,300 jobs, a fifth of workforce
SAO PAULO (Reuters) – Brazil’s electricity company Eletrobras offered on Friday a voluntary buyout to well over 2,000 people representing roughly 22% of its workforce, …
Brazil’s rural boomtowns ensure Bolsonarismo’s future
By Gabriel Stargardter CATANDUVA, Brazil (Reuters) – The small city of Catanduva in the rural farm belt of Sao Paulo state has been ahead of …
Brazil’s public debt drops for third straight month in September
BRASILIA (Reuters) – Brazil’s federal public debt fell for the third consecutive month in September, official data showed on Wednesday, with the net redemption of …
Explainer-What Brazil’s election means for the Amazon rainforest
By Jake Spring SAO PAULO (Reuters) – Brazil’s presidential election on Sunday may determine the fate of the Amazon jungle, the world’s largest rainforest, after …
Brazil’s Treasury to receive $8.5 billion from development bank BNDES this year
BRASILIA (Reuters) – Brazil’s Treasury will receive 45 billion reais ($8.5 billion)from loans it has granted to development bank BNDES in the past, the Economy …