Brazil
Wood Group wins Brazil offshore contract
BRASÍLIA: Aberdeen-based oil services firm Wood Group has won a multi-million dollar contract to develop a platform off the coast...
Brazil central bank sees narrower current account gap in 2016
BRASÍLIA: Brazil’s central bank forecasts a narrower current account deficit in 2016, as a deep recession curbs imports and a...
Argentina, Brazil strike automotive trade deal
BRASÍLIA: Argentina and Brazil have agreed to extend a bilateral deal on automobile exports for another four years, a source...
Brazil’s cocoa imports triple due to drought
BRASÍLIA: Brazil's import of cocoa jumped to 37 tonnes from January through May compared with 11 tonnes over the same...
Brazil to export enriched uranium
BRASÍLIA: Industrias Nucleares do Brasil (INB) is to export its first enriched uranium under a contract signed with Argentine state...
Oi files for Brazil’s biggest ever bankruptcy protection
SAO PAULO: Oi SA filed for Brazil's largest ever bankruptcy protection on Monday after the country's No. 1 fixed-line phone...
Brazil’s fertiliser imports from Arab region up 69%
BRASÍLIA: The Arab region has witnessed an unprecedented rise in fertiliser exports to Brazil during the first four months of...
Brazilian corn exports explode
BRASÍLIA: In past blogs I’ve mentioned that Brazil is likely to buy a bunch of that corn you’ve been planting,...
Brazil’s Usiminas draws bank refinancing deal respite; shares jump
BRASÍLIA: Usinas Siderúrgicas de Minas Gerais SA agreed with banks and local bondholders to refinance about 5.4 billion reais ($1.6...
Brazil weak import performance hinders export growth
BRASÍLIA: A light recovery is expected for the Brazilian global commerce in the second quarter. “The market is asking whether...
Amazonas State in Brazil doubles wood exports in 2016
BRASÍLIA: The timber sector in Amazonas State, Brazil, has recorded significant growth in revenues this year as exports have pick-up....
Brazil’s No.2 fuel distributor Ipiranga buys smaller rival Ale
BRASÍLIA: Brazil's second-biggest fuel distributor, the Ipiranga unit of Ultrapar Participações SA , agreed to acquire a smaller peer for...
Brazilian coffee exports fall 17.4% in May from year earlier
SAO PAULO: Brazilian coffee exports dropped in May from a year earlier as sales abroad of the robusta variety of...
Brazil inflation likely to fall as food prices continue to plummet
BRASÍLIA: Brazil’s inflation is expected to witness a declining trend through the year, after having stopped falling in May, primarily...
Brazil’s economic woes provide container export silver lining
BRASÍLIA: Brazil has turned into a net exporter in terms of container traffic as a weakened currency fuels shipments of...
Argentina, Brazil agree to extend auto export deal
BRASÍLIA: Argentina and Brazil have agreed to extend a bilateral deal on automobile exports for another year, the Argentine minister...
Brazil auto sales, production, exports drop in May
SAO PAULO: Brazil's auto production, sales and exports of new vehicles declined in May, as the deep economic recession persists,...
Brazil Petrobras pre-salt hits 1 MMb/d production
BRASÍLIA: Petrobas' pre-salt production has reached 40% of all the state-oil firm's production in Brazil and 12 more systems are...
May registered a surplus record of US $ 6.4 billion
BRASILIA: In May, the Brazilian trade balance recorded exports of US $ 17.571 billion and imports of US $ 11.134...
Brazilian beef export surge may lose spark
BRASÍLIA: The steep devaluation of the Brazilian currency because of the country's economic weakness has boosted exports, particularly beef shipments,...
