Lais Martins

Brazil currency, interest rate futures drop on Copom rate-cut decision

Aug 01 2019

SAO PAULO, Aug 1 Brazil's currency and interest rate futures opened lower on Thursday, a day after the central bank kicked off an easing cycle with a sharper rate cut than most economists expected, while stocks rallied on the outlook for more stimulus ahead.

Brazil's Guedes sees 'favorable surprise' on pension reform in 60 days

May 23 2019

SAO PAULO Brazil's Economy Minister Paulo Guedes said on Thursday he was confident pension reform would be approved in the next 60-90 days, and that it would pack a sufficient fiscal punch.

Brazil to revamp Amazon Fund after finding irregularities -minister

May 17 2019

SAO PAULO Brazil will overhaul rules for selecting projects to reduce deforestation supported by the Amazon Fund, which is financed by Norway and Germany, after discovering irregularities in spending, Environment Minister Ricardo Salles said on Friday.

Inspired by Columbine, Brazil pair kill eight and themselves in school shooting

Mar 13 2019

SUZANO, Brazil Two former students opened fire at a Brazilian school on Wednesday and killed at least five teenagers as well as two school officials before committing suicide in an attack that police said was inspired by the 1999 Columbine massacre in the United States. | Video

Brazil center-left candidate says he would stop Boeing-Embraer deal

Jul 17 2018

SAO PAULO Brazilian center-left presidential candidate Ciro Gomes said on Tuesday that he would undo a $4.75 billion joint venture planned by Boeing Co and Brazilian planemaker Embraer SA if he wins this year's election.

After tower blaze, little help for Sao Paulo squatters

Jun 20 2018

SAO PAULO For years, 66-year-old Vera Helena, one of the matriarchs of a squatter community occupying an abandoned tower in downtown Sao Paulo, has waited for a call to say she won a slot in the city's coveted public housing lottery.

Former 'crackland' addict turns Sao Paulo trash into livelihood

Aug 03 2017

SAO PAULO Fabiana Silva called the streets of São Paulo home for 16 years as one of hundreds of people trapped in cracolândia, the open-air drug markets in South America's biggest city.

Petrobras revives plan for IPO of fuel distribution unit

Jun 22 2017

SAO PAULO Petróleo Brasileiro SA is reviving an initial public offering of fuel distribution unit BR Distribuidora to cut the Brazilian state-controlled oil company's debt and investment in low-return activities, Chief Executive Officer Pedro Parente said on Thursday.

World News

Australia defends its handling of French submarine deal

SYDNEY (Reuters) -Australia defended its scrapping of a deal for French submarines on Sunday, saying the government had raised concerns to Paris for months, as a new deal with the United States and Britain continued to fuel a multinational diplomatic crisis.