Brazil’s Bolsonaro casts doubt on Biden’s 2020 election win ahead of meeting him
SAO PAULO – Brazilian President Jair Bolsonaro on Tuesday cast doubt on the 2020 election victory of U.S. President Joe Biden, just two days before …
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Brazil’s jobless rate drops to 10.5% in quarter through April
SAO PAULO – Brazil’s jobless rate fell to 10.5% in the three months through April, making it the lowest since early 2016, statistics agency IBGE …
Brazil’s Air Force to cut Embraer order to 15 aircraft -report
SAO PAULO -The Brazilian Air Force has decided to cut its order for Embraer SA’s KB-390 military cargo planes to 15 aircraft from 22 previously, …
Elon Musk to meet with Brazil’s Bolsonaro, says report
SAO PAULO – Brazilian President Jair Bolsonaro and business magnate Elon Musk are scheduled to meet in Sao Paulo on Friday, Brazilian daily O Globo …
Brazil’s Guedes says 10% tax on dividends could be approved this year
BRASILIA – Brazil Economy Minister Paulo Guedes said a small tax reform may be approved by Congress this year that would include a 10% tax …
Brazil’s govt will maintain GDP outlook for 2022 and 2023 -sources
By Marcela Ayres BRASILIA – Brazil’s Economy Ministry will hold its economic growth outlook at 1.5% in 2022 and 2.5% in 2023, two officials told …
Brazil’s central bank is discussing frost impacts on short-term inflation, says Campos Neto
BRASILIA – Brazil’s central bank chief Roberto Campos Neto said on Wednesday that policymakers are currently discussing the impacts on short-term inflation of expected frosts …
Brazil’s Guedes says govt will reduce payroll taxes
BRASILIA – Brazil’s Economy Minister Paulo Guedes said on Monday the government will reduce payroll taxes, without giving details or deadlines for a move he …
Brazil’s JBS says China lockdowns won’t affect demand, logistics a concern
SAO PAULO – Brazilian meat giant JBS SA played down the effects of COVID-19-related lockdowns in China, saying they would not affect demand for JBS …
Exclusive-U.S. asked Brazil’s Petrobras if it could raise oil output; it said no -sources
By Gabriel Stargardter, Gram Slattery and Rodrigo Viga Gaier RIO DE JANEIRO – U.S. government officials in March asked Brazil’s state-run oil company Petrobras whether …
Brazil’s Guedes defends leaner tax reform to reduce corporate taxes
BRASILIA – Brazil’s Economy Minister Paulo Guedes said on Monday the country could propose a leaner version of a tax reform to increase taxation on …
Brazil’s Petrobras posts $9 billion profit as Bolsonaro rails against company
By Gram Slattery and Roberto Samora RIO DE JANEIRO – Brazil’s Petrobras posted a first-quarter net income that beat forecasts on Thursday, just minutes after …
Brazil’s BRF pledges changes after bad first quarter; shares tumble
By Ana Mano SAO PAULO – Brazilian food processor BRF SA on Thursday attributed disappointing first-quarter results to a rise in costs and inflation in …
Brazil’s government-owned oil sales to climb sharply, official says
By Sabrina Valle HOUSTON – Brazil’s direct sales of crude will more than double this year and rise sharply this decade, as oil majors deliver …
Brazil’s government launches debt renegotiation program for tax disputes
BRASILIA – The Brazilian government announced on Tuesday a debt renegotiation program for debtors owing it 150 billion reais ($29.9 billion) in legal disputes and …
Brazil’s industrial output rises in March but down over Q1
BRASILIA – Industrial production in Brazil rose in March, but ended the first quarter with a negative print, highlighting the challenges for the sector amid …
Brazil’s Bolsonaro, Lula competing rallies a preview of presidential campaign
By Eduardo Simões and Lisandra Paraguassu SAO PAULO – Brazilian right-wing President Jair Bolsonaro and his main rival, former leftist President Luiz Inacio Lula da …
Brazil’s Itau Unibanco buys stake in XP Inc for $1.6 billion
(Reuters) – Brazilian lender Itau Unibanco said on Friday it has acquired an 11.36% stake in brokerage XP Inc for around 8 billion reais ($1.61 …
Brazil’s lower house approves measure to make welfare program permanent
(Reuters) – Brazil’s lower house approved on Wednesday a measure that makes permanent the 400 reais ($80.58) Auxilio Brasil monthly welfare program for families in …
Brazil’s Vale announces share buyback program
(Reuters) – Brazilian miner Vale SA approved a share buyback program of up to 500 million common shares to be carried out over the next …
Brazil’s JBS unveils electric truck rental unit for refrigerated cargo
By Letícia Fucuchima SAO PAULO – JBS SA announced on Tuesday the creation of a business unit for renting electric trucks to distribute refrigerated cargo …
Brazil’s economy stagnant, growth freeze to continue in 2023
By Gabriel Burin BUENOS AIRES – Brazil’s economy has entered a phase of stagnation that will persist next year as unrelenting inflation curtails consumer spending …
Brazil’s cenbank will resume data release next week after strike
BRASILIA – Brazil’s central bank said on Wednesday it would resume data release that were suspended due to a strike by its employees, including a …
Brazil’s Assai net revenue grows 21% in Q1
(Reuters) – Brazilian cash-and-carry chain Assai reported on Tuesday first-quarter net revenue of 11.443 billion reais ($2.45 billion), 21.1% above the same period from 2021. …
Brazil’s Embraer delivers 14 jets in Q1, order backlog hits $17.3 billion
SAO PAULO – Brazilian planemaker Embraer SA said on Tuesday it has delivered 14 jets in the first quarter of 2022, including six commercial and …
Brazil’s Petrobras starts binding phase for sale of MP Gulf of Mexico stake
(Reuters) – Brazil’s Petrobras on Monday started the binding phase to sell its subsidiary 20% stake in Texas-based MP Gulf of Mexico LLC, which owns …
Brazil’s Itau Unibanco buys stake in agribusiness marketplace Orbia
(Reuters) – Brazilian lender Itau Unibanco said on Monday it has reached a deal to acquire a 12.82% stake in the agribusiness marketplace Orbia, formally …
Brazil’s Tupy set to buy Traton-owned motor maker MWM, shares soar
By Gabriel Araujo SAO PAULO – Brazilian auto parts company Tupy SA has signed a deal to buy motor maker MWM, formally known as International …
Brazil’s Petrobras elects Jose Mauro Coelho as CEO
SAO PAULO – Brazilian state-run oil company Petrobras said on Thursday its board of directors has elected Jose Mauro Coelho as the firm’s chief executive …
Brazil’s Multiplan CEO expects shopping center sector to surpass pre-pandemic levels
RIO DE JANEIRO – Brazil’s shopping mall sector is expected to grow 10% this year compared to 2019, before the COVID-19 pandemic, said Jose Isaac …
Brazil’s Gol sees loss of 1.98 real per share in Q1
(Reuters) – Brazilian airline Gol SA said on Monday it expects to report a loss of 1.98 real per share in the first quarter of …
Brazil’s inflation tops forecasts with sharpest rise for March in 28 years
By Marcela Ayres BRASILIA – Brazil’s inflation came above expectations with the sharpest rise for March in 28 years, official figures showed on Friday, as …
Brazil’s Guedes says Eletrobras won’t be able to invest enough to keep up with stronger economic growth
BRASILIA – Brazil’s Economy Minister Paulo Guedes said on Thursday that state-run power company Eletrobras will not be able to invest enough to keep up …
Brazil’s Petrobras CEO appointee may face conflict of interest probe
RIO DE JANEIRO – The prosecutor’s office at Brazil’s federal audit court (TCU) has asked the court to open an investigation into President Jair Bolsonaro’s …
Brazil’s central bank employees go on strike, as its chief vacations in Miami
By Marcela Ayres BRASILIA – Brazil’s central bank employees began an indefinite strike for a wage increase on Friday, threatening the stability of the wildly …
Brazil’s record trade surplus in March misses market expectations
By Marcela Ayres BRASILIA – Brazil posted a record trade surplus for March, of $7.4 billion, official data showed on Friday, but the number was …
Brazil’s central bank to postpone payments to banks due to striking workers
By Bernardo Caram BRASILIA – Brazil’s central bank decided on Wednesday to postpone payments to financial institutions for resources held in accounts from the Pix …
Brazil’s jobless rate hits six-year low for quarter through February
BRASILIA – Brazil’s jobless rate stood at 11.2% in the three months through February, statistics agency IBGE said on Thursday, the lowest level for the …
Brazil’s Petrobras loses $400 million court case to Paragon Offshore
SAO PAULO – Brazil’s Petrobras said on Thursday that a Rio de Janeiro state court has ruled against the state-run oil company in a case …
Brazil’s inflation rises to highest level in 7 years for mid-March
By Marcela Ayres BRASILIA – Inflation in Brazil grew more than expected in the month to mid-March, the biggest jump for that period in seven …
Brazil’s JBS says U.S. domestic and international businesses to remain strong
SAO PAULO – Brazilian meatpacker JBS SA, which operates multiple food processing facilities in the United States, said its North American operations will continue to …
Brazil’s Bolsonaro hints at potential replacement of Petrobras CEO
– There is a possibility of replacing Petrobras’ chief executive, Brazil’s President Jair Bolsonaro said on Wednesday, adding further pressure to the state-run oil company’s …
Shares in Brazil’s Nubank rise as central bank rules seen as less onerous
– Brazilian fintech Nubank said on Monday that new central bank rules for digital banks will bring lower capital requirements than originally expected next year …
Brazil’s Senate approves bills to curb fuel prices
BRASILIA – Brazil’s Senate approved on Thursday two bills aimed at curbing fuel price hikes with subsidies and tax exemptions, a positive move potentially for …
Brazil’s Embraer reports Q4 net profit of $2.1 million
By Gabriel Araujo and Peter Frontini SAO PAULO – Brazilian planemaker Embraer SA on Wednesday reported net profit of 11.1 million reais ($2.1 million) in …
Brazil’s Vale expects Russia-Ukraine conflict to affect price of nickel, pellets
– Executives of miner Vale SA said on Friday that Russia’s invasion of Ukraine has led to speculation in the price of nickel, and they …
Brazil’s TIM sees double-digit EBITDA growth for 2022-2024 period
SAO PAULO – Brazilian telecom TIM SA announced on Wednesday its strategic long-term objectives for 2022-2024, saying it expects a yearly double-digit growth in its …
Brazil’s GPA posts 107.7% increase in 4th-quarter net profit
– Brazilian food retailer GPA reported on Wednesday a net income of 777 million reais ($155.10 million) in the fourth quarter of 2021, a 107.7% …
Shareholders approve Brazil’s Eletrobras privatization – report
SAO PAULO – Shareholders of Brazilian state-run power company Eletrobras approved on Tuesday the terms for the privatization of the company, according to a Valor …
Brazil’s Embraer firm order backlog hits highest level since Q2 2018
SAO PAULO – Brazilian planemaker Embraer SA said on Monday its firm order backlog ended 2021 at $17 billion, the highest level since the second …