Bolsonaro says EU-Mercosur deal should trigger ‘domino effect’ boosting Brazil trade

(Reuters) – Brazilian President Jair Bolsonaro said on Saturday that the free trade treaty agreed by the European Union and South American bloc Mercosur should trigger a domino effect, encouraging other countries to also negotiate with Brazil. The EU and Mercosur concluded two decades of talks on Friday, committing to more open markets in the […]

Brazil and Australia negotiate direct flights from 2020

Countries that have never had a direct flight, Australia and Brazil will be able to debut a route in the first quarter of 2020 between the cities of Melbourne and Sao Paulo. The information was revealed by Brazilian officials and the Australian ambassador to Brazil, Timothy Kane, after the end of the visa requirement for […]

Brazilian software firm Linx plans share offering in Brazil, U.S

SAO PAULO (Reuters) – Brazilian retail management software company Linx SA said it is preparing a follow on share offering in Brazil and the United States, according to a securities filing on Wednesday. Linx, Latin America’s largest software company in retail management, plans to raise money by selling new shares and a also secondary portion […]

Heineken to invest $139 million in Brazilian plants: statement

SAO PAULO (Reuters) – Heineken NV will invest 550 million reais ($139 million) to renovate four of its plants in Brazil, the company said in a statement. Heineken will renovate plants in the cities of Araraquara, Itu and Jacarei, and a microbrewery in Campos de Jordao, all in Brazil’s most populated state, Sao Paulo. The […]

Brazil GDP contraction no surprise, rebound hinges on reforms: economy minister

BRASILIA (Reuters) – Brazil’s economic contraction in the first quarter was no surprise to the government, Economy Minister Paulo Guedes said on Thursday, adding that he is confident of recovery but only if fiscal and economic reforms are implemented. “We were already anticipating a rather stagnant economy in the first quarter, but we are confident […]

Brazil’s Bolsonaro says may veto free 23-kilo bag on domestic flights

BRASILIA (Reuters) – Brazil’s President Jair Bolsonaro said on Thursday he is inclined to veto a provision in legislation recently passed by Congress ordering airlines to allow passengers to check in one piece of luggage of up to 23 kilograms (50 lb) free of charge on domestic flights. The provision was expected to push up […]

Brazil may trade surplus widens, but bigger picture not as rosy

BRASILIA (Reuters) – Brazil’s trade surplus widened in May to $6.42 billion, the Economy Ministry said on Monday, its biggest so far this year and driven by a 5.6% rise in exports from the month before. Exports totaled $21.39 billion while imports totaled $14.97 billion, with the surplus in May bringing the year-to-date surplus up […]

Brazil’s central bank chief eyes ‘micro’ policies to get credit flowing

BRASILIA (Reuters) – Brazil’s central bank will focus on an agenda of ‘micro’ measures and initiatives rather than macroeconomic policies to get credit and lending flowing, the head of the bank said on Monday. Reinforcing a stance he has taken since assuming office at the end of February, central bank chief Roberto Campos Neto told […]