Brazil needs a major infrastructure plan similar to the one sponsored by the Joe Biden Administration to pull the economy out of recession amid an increasingly adverse international scenario, according to a senior adviser to Luiz Inácio Lula da Silva, who is leading the race. presidential. Guido Mantega, who became finance minister in 2006 under […]
Tag: Brazil
Different paths lead Brazil and Mexico to recession
They got there in starkly contrasting ways, but Latin America’s two largest economies find themselves in a similar and unenviable place two years into the pandemic: back in recession. Mexican production contracted 0.1% in the three months to December, the government’s statistics institute reported today, after a 0.4% contraction in the previous period. Brazil’s $1.6 […]
OECD begins talks for accession of Brazil, Argentina and Peru
Updated on 01/25/2022 02:36 pm The Organization for Economic Cooperation and Development (OECD) announced that it will begin the process of discussions for the accession of Argentina, Brazil Y Peru as members. The opening of talks on the accession of these three Latin American and three European countries (Bulgaria, Croatia, and Romania) was decided at […]
Extreme weather in Brazil is flooding mines and drying up crops
Weather extremes in commodity powerhouse Brazil are reverberating across global markets, driving up prices for everything from soybeans to metals. Drought and heat in the south of the country have caused crop losses and scuttled what was supposed to be a record oilseed production in the world’s largest producer. Meanwhile, the northern half of the […]
Brazil Could See Fewer Stock Deals, But Bigger
Latin America’s main economy could see fewer – but larger – share offerings this year, as rising local interest rates and presidential election anxiety raise the attractiveness of large, liquid deals. Brazilian stock sales raised a total of 155 billion reais ($ 27 billion) in 85 deals during 2021, just 2.5% below the record 159 […]
Brazil: Petrobras rejects Bolsonaro’s interventionist policies on fuels
With information from EFE The president of the Brazilian oil company Petrobras, Joaquim Silva e Luna, defended the company’s current pricing policy, which is regulated by the market, in the face of repeated criticism from the country’s president, Jair Bolsonaro, against that model. “We have already seen what happens in countries around us that did […]
With debt and high inflation, Brazilians start 2022 burdened by the economy
Jussara Romero only sees red numbers: the elevated inflation in Brazil and complications derived from pandemic They force her to borrow nonstop, even though this becomes more and more expensive with rising interest rates. Despite the fact that 2021 was anticipated as the year of economic recovery after the pandemic, the crisis is hitting Brazilians […]
COVID-19: Brazil investigates new suspected cases of flurone after confirming six
The health authorities of the Brazilian states of Minas Gerais, Santa Catarina and Rio de Janeiro reported that they are investigating new suspected cases of flurone, a name given to the simultaneous infection of flu and COVID-19, after the confirmation of the first six cases in Brazil. Rio de Janeiro’s municipal secretary of Health, Daniel […]
Leap in deforestation of the world’s largest savanna alarms Brazilian scientists
The deforestation last year reached the highest level since 2015 in the Cerrado de Brazil, prompting scientists to sound alarms about the status of the world’s most species-rich savanna and a major carbon sink that helps prevent climate change. The Cerrado, the world’s largest savanna spanning several states in Brazil, is often referred to as […]
Bolsonaro is hospitalized with abdominal pain, is stable
Updated on 01/03/2022 07:32 am The President of Brazil, Jair Bolsonaro, was hospitalized Monday with an intestinal blockage but was stable, the hospital said in a statement. The president’s office previously said he was suffering from abdominal pain. The Vila Nova Star hospital in Sao Paulo said in its note that the president was admitted […]