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Brazil trucker protest drags on as diesel tax cuts stall


BRASILIA A trucker protest paralyzing swathes of the Brazilian economy stretched into a fourth day on Thursday as legislative efforts to cut diesel taxes stalled, raising the prospect of highway and port blockades stretching into next week.

Petrobras pricing pressure spooks potential refinery buyers- sources

SAO PAULO A surprise decision by Brazil's state-controlled oil company Petroleo Brasileiro SA to cut diesel prices in response to truckers' protests is worrying some potential buyers of Petrobras' refineries, three people with knowledge of the matter said on Thursday.

U.S.-China trade war could hit Brazil in the long run: minister

PARIS The trade dispute between the United States and China has benefited Brazil so far but could prove harmful long term as higher grain prices will make the Latin American country's exports less competitive, Brazil's farm minister said.

Brazil Senate calls special session to discuss diesel tax cuts

BRASILIA Brazilian Senate President Eunicio Oliveira has called an extraordinary Friday session to consider diesel fuel tax cuts demanded by protesting truck drivers, leaders of the Democrats (DEM) party said on Thursday.

OIE declares Brazil free of foot-and-mouth with vaccination

PARIS The World Organisation for Animal Health (OIE) declared Brazil free of foot-and-mouth disease (FMD) with vaccination on Thursday, opening new export prospects for the world's largest beef exporter.

Brazilian F-5 fighter crashes near Rio, pilots eject

RIO DE JANEIRO A Brazilian Air Force F-5 fighter jet crashed in the Rio de Janeiro metropolitan area shortly after takeoff on Thursday, but the two pilots ejected before the aircraft plummeted into a field, the Air Force said.

Petrobras slashes diesel prices to ease Brazil trucker protest

RIO DE JANEIRO/BRASILIA Brazil's state-led oil company Petrobras on Wednesday temporarily cut diesel prices by 10 percent in order to help the government and truck drivers resolve a protest crippling highways.

Petrobras cuts diesel price 10 percent in effort to resolve trucker protest

SAO PAULO Brazil's state-run oil company Petroleo Brasileiro SA on Wednesday decided to cut the cost of diesel at its refineries by 10 percent and freeze prices for 15 days to give the government and truck drivers time to negotiate an end to a protest that has crippled the country's transport logistics.

Brazil meatpacker Marfrig says trucker protest to reduce output

SAO PAULO Marfrig Global Foods SA expects some of its plants to reduce or suspend production due to effects of a Brazilian trucker protest that has interrupted the delivery of feed and animals, the meatpacker said in a filing on Wednesday.

Brazil truckers say protests to continue after government meeting

SAO PAULO Brazil trucker group Abcam, which is leading nationwide protests against high diesel prices, said after meeting with government officials on Wednesday that protests hampering key roadways are to continue.

Brazil fines five grain trading firms, farmers connected to deforestation

BRASILIA Five grain trading houses, including Cargill Inc and Bunge Ltd, and dozens of farmers have been fined a total of 105.7 million reais ($29 million) for activities connected to illegal deforestation, Brazilian authorities announced on Wednesday.

Brazil truckers pledge more fuel protests despite tax proposal

SAO PAULO Brazilian truck drivers on Tuesday vowed to extend their protest against high fuel prices into a third day despite a government compromise to cut a fuel tax, threatening to slow economic activity and interrupt exports of grains and other goods.

Brazil to lower fuel prices with tax policy: House speaker

SAO PAULO Brazil's government and congressional leaders have reached a deal to use tax policy to reduce fuel prices, Rodrigo Maia, the speaker of the lower house of Congress, said on Tuesday via his verified Twitter account.

Brazil's unpopular leader scraps re-election plan, backs Meirelles

BRASILIA Brazilian President Michel Temer scrapped plans to run for re-election on Tuesday and said he supported his former finance minister, Henrique Meirelles, to stand as the presidential candidate of the ruling Brazilian Democratic Movement (MDB).

Brazil inflation rate up in mid-May, holds below target range

BRASILIA Brazil's inflation rate likely accelerated slightly in mid-May but held below the official target range as a slow economic recovery continued to hamper the central bank's efforts to reignite price hikes, a Reuters poll of economists showed.

Light frosts seen in Brazil's corn areas; drought persists in cane belt

SAO PAULO Light frosts were reported in some corn areas in southern Brazil on Monday as a cold front pushed through the country's center-south, while scattered rains during the weekend provided some relief for the cereal, although worries persist for cane.

How Canada's Brookfield snatched bargain assets amid Brazil panic

SAO PAULO Rampant corruption scandals and a deep recession soured many foreign investors on Brazil in recent years, but one Canadian group saw opportunity.

Boat adrift with two dozen African migrants rescued off Brazil coast

SAO PAULO A boat with two dozen migrants from West Africa was rescued off the coast of northern Brazil, officials from the state of Maranhão said on Sunday.

Brazil judge limits how much traffic striking truck drivers can block

SAO PAULO A federal judge in Brazil has ruled that striking truck drivers cannot block traffic during a demonstration planned for Monday in the state of Paraná to protest higher fuel prices.

Exclusive: Korea's Mirae puts towers up for sale as Sao Paulo market heats up

SAO PAULO Mirae Asset Global Investments Co Ltd has put two office towers in Sao Paulo worth around 1 billion reais ($272 million) up for sale, three people familiar with the matter said, as South America's largest real estate market kicks into gear.


Trump scraps North Korea summit, warns Kim that military ready

WASHINGTON U.S. President Donald Trump on Thursday called off a historic summit with North Korean leader Kim Jong Un scheduled for next month, citing Pyongyang's "open hostility," and warned that the U.S. military was ready in the event of any reckless acts by North Korea. | Video