EXCLUSIVE Brazil, Paraguay to resume talks on Itaipu energy sale conditions

The new Brazilian director of the Itaipu hydroelectric dam Admiral Anatalicio Risden Junior speaks during his inauguration ceremony at the Itamaraty Palace in Brasilia, Brazil, February 22, 2022. REUTERS/Adriano Machado Register now for FREE unlimited access to Reuters.com Register SAO PAULO, Aug 12 (Reuters) – Brazil and Paraguay will resume negotiations regarding conditions for the … Read more

BP, Bunge put Brazil sugar and ethanol business up for sale, Valor Economico reports

Logo of British Petrol BP is seen at petrol station in Pienkow, Poland, June 8, 2022. REUTERS/Kacper Pempel Register now for FREE unlimited access to Reuters.com Register SAO PAULO, Aug 9 (Reuters) – British oil major BP (BP.L) and US commodities trader Bunge Ltd (BG.N) have put their Brazilian sugar and ethanol joint venture BP … Read more

Mexico’s America Movil spins off Latin America’s tower business

The logo of America Movil is pictured on the wall at a reception area in the company’s corporate offices, in Mexico City, Mexico January 25, 2022. REUTERS/Gustavo Graf Register now for FREE unlimited access to Reuters.com Register MEXICO CITY, Aug 8 – Mexican telecommunications giant America Movil (AMXL.MX) said on Monday it had completed the … Read more

Brazil’s Economy Ministry raises 2022 GDP growth forecast to 2%

BRASILIA, July 14 (Reuters) – Brazil’s Economy Ministry on Thursday raised its forecast for economic growth this year due to stronger results that have been observed in monthly indicators. Gross domestic product is expected to rise by 2% rather than 1.5% expected previously, as first reported by Reuters on Tuesday. The ministry maintained its 2023 … Read more

Brazil automakers association lowers forecasts for 2022 production, sales

SAO PAULO, July 8 (Reuters) – Brazil’s automakers association Anfavea on Friday lowered its 2022 estimates for the country’s auto industry production, with monthly output falling in June as companies grapple with auto parts supply issues. Anfavea now sees auto production in Latin America’s largest economy reaching 2.34 million units this year, a drop from … Read more

Economists see stronger 2022 GDP for Brazil, inflation missing target for third straight year in 2023

BRASILIA, July 8 (Reuters) – Economists polled by the Brazilian central bank expect the economy to perform better this year but see inflation staying above the official target until 2023, marking three consecutive years of non-compliance. The data is from the latest weekly Focus survey, published by the central bank on Friday after a pause … Read more