President Jair Bolsonaro said on Saturday that Brazil's federal government will need to cut its budget by 2.5 billion reais ($667 million) next week, website UOL reported, as weak economic growth continues to squeeze revenue.
Brazil's mining secretary said on Friday he expects the sector's main regulator to extend its investigation until January 2020 into the causes of the Vale SA mining dam collapse that killed at least 240 people.
Two more Iranian bulk carriers that came to Brazil carrying urea and were expected to return home with corn could be left without enough fuel, as Brazilian state oil firm Petrobras refuses to provide them with bunker fuel due to U.S. sanctions.
The Brazilian government has been alerting local companies about the extent of sanctions imposed by the United States on Iran and the possible consequences in case of noncompliance, President Jair Bolsonaro said on Friday.
Brazilian medical education
group Afya Ltd plans to double the number of
undergraduate students, to acquire companies and expand
internationally, following its initial public offering on
Nasdaq, said Chief Executive Officer Virgilio Gibbon.
A U.S. dollar recovery put most Latin
American currencies under pressure on Friday while Brazil's
Bovespa stock index led losses in the region's equity markets.
The MSCI index of Latin American currencies
edged lower as the dollar swung to gains after the New York
Federal Reserve walked back dovish comments from its president,
which had bolstered expectations of an aggressive interest rate
Brazilian oil company
Petroleo Brasileiro SA has chosen a bid from Warburg
Pincus-backed Trident Energy as the winner in a final "re-bid"
for two oilfields, three sources with knowledge of the matter
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