Latin America Brazil

  • RIO DE JANEIRO, Sept 13- Brazilian President Jair Bolsonaro telephoned Economy Minister Paulo Guedes from hospital this week to express his opposition to the creation of a new "CPMF" financial transactions tax, Guedes said on Friday. In a wide-ranging interview with foreign journalists in Rio de Janeiro, however, Guedes again defended the idea, saying...

  • Promissão is one of five Brazilian plants operated by Marfrig authorized to sell meat products to China. Marfrig has a total of eleven units certified to export to China in South America. No other company has as many plants with permits to export to China in South America, Marfrig said.

  • Brazil appears to be turning a corner after its $1.8 trillion economy went into reverse earlier this year, despite the mounting global strains caused by U.S. That is because the channels of contagion for Brazil's economy- economist-speak for its weak spots- are not through trade, which accounts for a small share of economic activity. Yet the contagion could soon...

  • SAO JOSE DOS CAMPOS, Brazil, Sept 12- Embraer hopes to see more orders for its newest passenger plane by the end of the year, an executive said on Thursday, as Boeing readies to take over the Brazilian planemaker's commercial jets division in what could mark the next phase of its rivalry with Airbus. Embraer on Thursday delivered its first E195-E2 plane, which will...

  • BELO HORIZONTE, Brazil, Sept 11- New safety standards being drawn up by a global mining industry panel will include rules to better define management accountability after Vale SA's January tailings dam disaster, a top industry official said on Wednesday. The governance standards would help ensure independent reviews of dams and adequate disclosure of risks,...

  • BRASILIA, Sept 11- The Brazilian Senate's Science and Technology Committee on Wednesday approved a bill that will modernize Brazil's telecommunications law and boost companies in the sector by lifting restrictions on asset sales. The full Senate could vote on the bill, known as PLC 79, later on Wednesday. The bill has already passed the lower house of Congress...

  • NOVO PROGRESSO, Brazil, Sept 11- A maverick journalist in this isolated Brazilian ranching town warned his readers last month that the surrounding Amazon was about to go up in flames. Queimadas, or burnings, are nothing new in Novo Progresso, located on the frontier where Brazil's farmland edges the Amazon rainforest in the northern state of Para.

  • RIO DE JANEIRO, Sept 10- Brazil auctioned off the exploration rights to 33 minor onshore and offshore oil and gas blocs on Tuesday, in what authorities framed as a bid to boost the industry outside of the nation's core, offshore pre-salt play. At an event in downtown Rio de Janeiro, firms ranging from the Brazilian unit of Exxon Mobil Corp to domestic startups paid a...

  • Speaking to reporters in Brasilia after the growth outlook for this year was raised to 0.85% from 0.81%, Economy Ministry Secretary Adolfo Sachsida insisted that the government's three main fiscal rules will stay in place. Sachsida was speaking after the Economy Ministry upped its 2019 gross domestic product growth forecast to 0.85% from 0.81%, although...

  • Central bank chief Roberto Campos Neto previously had flagged more room for monetary easing if inflation remained tepid. Finance Minister Arturo Herrera said state-oil firm Pemex is exploring opening a bidding process for public-private contracts in order to ensure the debt-laden firm has enough money to invest and manage its debt profile.

  • BRASILIA, Sept 10- Brazil's government will not budge on its three main fiscal rules, a senior Economy Ministry official said on Tuesday, even though the economy is turning a corner and the pace of growth is expected to pick up. Speaking to reporters in Brasilia after the government raised its 2019 growth forecast slightly, Economy Ministry secretary Adolfo...

  • SAO PAULO, Sept 9- Small gold miners that have been working on illegal pits in the Amazon rainforest blocked an important road for grains transportation in Brazil's Para state on Monday, protesting a crackdown by the government, police said. The road is used by commodities traders to transport soybeans and corn from Mato Grosso farms to a port at the Tapajós...

  • BRASILIA/ SAO PAULO, Sept 9- China granted export licenses to 25 Brazilian meatpacking plants, Brazil's Agriculture Ministry said on Monday, allowing the country's fast-growing protein industry to feed more people in the Asian nation where disease has hurt local supply. China is Brazil's largest export market for beef, chicken and pork, with demand surging...

  • SAO PAULO, Sept 9- Brazil and Mexico have begun talks on a free trade deal, a Brazilian official said on Monday, seeking to deepen commercial ties between the two largest economies in Latin America as trade tensions threaten to undermine global growth. Marcos Troyjo, Brazil's deputy economy minister for foreign trade, said Brazil had formally started free trade...

  • Brazil's real eased from two-week highs hit last week to drop 0.9%, while currencies of Mexico, Chile and Colombia fell between 0.2% and 0.5%. Markets in the resource-rich Latin American economies had taken a beating in August as the United States and China escalated their trade dispute with additional tariffs on each other's goods, with growth dwindling in...

  • BRASILIA, Sept 9- China granted export licenses to 25 Brazilian meatpacking plants, Brazil's Agriculture Ministry said on Monday, allowing the country's fast-growing protein industry to feed more people in the Asian nation where disease has hurt local supply. China is Brazil's largest export market for beef, chicken and pork, with demand surging since last...

  • bets@ Sept 6- An index of Latin American currencies rose on Friday, on track to record its first weekly gain in seven weeks, as China's move to boost lending boosted their appeal to investors, as did slower U.S. job growth. Signs of resumption in U.S.- China trade talks and easing political tensions in Asia and Europe this week prompted investors to buy back into...

  • PARIS, Sept 6- French prosecutors appealed on Friday against a decision by magistrates not to prosecute Air France over the 2009 crash of a passenger aircraft flying from Rio de Janeiro to Paris in which all 228 on board died. Prosecutors had recommended that Air France stand trial over the crash but magistrates overruled the prosecutors and dropped the...

  • stimulus@ Sept 6- Latin American currencies rose on Friday as stimulus from China's central bank pumped up emerging markets, while weaker-than-expected U.S. jobs data reinforced bets of an interest rate cut by the Federal Reserve later this month. China's central bank said on Friday it was cutting the amount of cash that banks must hold, also known as reserve...

  • PARIS, Sept 5- French judges have dropped charges against Air France and Airbus over a mid-Atlantic plane crash in 2009 that killed all 228 people on board, blaming the pilots for losing control of the plane. In their conclusions, seen by Reuters, the judges said the pilots of the Airbus A330 had failed to process all the warnings and instrument readings provided by...