Brazil intent on expanding beef markets in Asia
Brazil took over from Australia as the largest exporter of beef to China in 2016, offering a cheaper protein, and has strong interest in South Korea and re-opening trade with Japan.
Japan suspended Brazilian beef...
Brazil Reports 14.6% Jump In February Oil Output YoY
Brazilian oil output in February was 14.6 percent higher year-over-year, according to the latest data released by ANP, the South American country’s petroleum regulator.
February production touched 2.676 million barrels per day, an ANP statement...
Brazil trade surplus hits record high despite meat woes
Its economy might be in tatters, and corruption scandals seem to hit a new sector every week, but Brazil is proving there is a silver lining to be found in every crisis.
Latin America’s biggest...
Brazil’s President Launches $15 Bi Infrastructure Concession Plan
Brazil's President Michel Temer launched an infrastructure concessions program on Tuesday that he said should raise 45 billion reais ($14.43 billion) in investment in building and operating roads, port terminals, railways and power transmission...
Reducing Brazil’s pension burden
The faded modernist façades along Copacabana’s beachfront hark back to Brazil’s optimistic past. The seaside promenade, where walking sticks outnumber G-strings, offers a glimpse of its demographic future. A quarter of the inhabitants of...
Brazil’s central bank cuts benchmark rate to 12.25%
Brazil’s central bank said on Wednesday that the country’s recession was showing signs of bottoming out and stressed the importance of fiscal reforms as it announced another sharp cut in its benchmark Selic interest...
Brazil mining company Vale announces plan for single class of stock
Brazilian mining giant Vale SA announced a plan Monday to create a single class of stock without a controlling shareholder, likely reducing the potential for government interference in what management characterized as a watershed for the...
Brazil to open up to foreign buyers
President Michel Temer will propose legislation to lift restrictions on foreign ownership of airlines and agricultural land in Brazil as he strives to pull the economy out of a two-year recession, government sources say.
Temer's...
Brazil a ‘cornucopia of possibilities’ in spite of political upheaval
Political crisis? Where?
Brazil's turbulent 2016 — in which the country played host to a troubled Olympics as corruption scandals swirled around impeached President Dilma Rousseff and her successor, Michel Temer — would normally be...
Brazil surprises with aggressive rate cut to rescue economy
Brazil surprised markets with a larger-than-expected interest rate cut on Wednesday, as the worst recession in Brazilian history threatens to stretch into a third year.
In a unanimous vote, the central bank's nine-member monetary policy...
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