MEXICO CITY/SAO PAULO—Automotive production in Brazil and Mexico, Latin America’s two largest economies, plummeted in September, dragged down by an industry-wide semiconductor chip shortage and railroad blockades in Mexico, data showed on Wednesday. Brazilian auto production was down 21.3 percent to 173,287 units in September from the same month in 2020, when the industry was…
Earthquake of Magnitude 5.9 Hits Peru-Brazil Border Region–EMSC
An earthquake of magnitude 5.9 struck the Peru-Brazil border region on Saturday, the European Mediterranean Seismological Center said. The quake was at a depth of 370 miles, EMSC said.
Brazil’s Eletrobras to Receive $500 Million in Regulatory Decision
Brazilian state-run utility Eletrobras said on Tuesday that electric sector regulator Aneel ruled that the company would receive a $500 million credit related to the “fuel consumption account” program. Centrais Eletricas Brasileiras SA as the company is formally known said in a securities filing that the ruling related to its affiliated companies Amazonas Energia, Eletroacre,…
Brazil Raises Interest Rates, Signals 3rd Big Hike Next Month
BRASILIA—Brazil’s central bank on Wednesday raised interest rates by 100 basis points and flagged a third straight hike of that size in October as it battles surging inflation with the world’s most aggressive monetary tightening. The bank’s rate-setting committee, known as Copom, decided unanimously to raise its benchmark rate to 6.25 percent as forecast by…
Brazil’s Health Minister Tests Positive for COVID-19 in New York
September 22, 2021
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Brazil’s Health Minister Marcelo Queiroga tested positive for COVID-19 while he was in New York City to attend the United Nations General Assembly on Tuesday. In a statement on Twitter, Queiroga confirmed his positive COVID-19 diagnosis and said that he will be entering quarantine and will follow all health and safety protocols. Separately, the Brazilian government’s communications…
American Airlines Buying Stake in Second South American Carrier Gol
September 16, 2021
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By Kyle Arnold The Dallas Morning News American Airlines plans to buy a minority stake in a second South American airline, Brazil’s Gol, as it aims to strengthen its ties to its strongest international region. American plans to spend $200 million on the 5.2 percent interest in São Paulo-based Gol, an ultra-low-cost carrier that flies…
Brazil Suspends 12 Million Doses of China’s Sinovac Vaccine
September 5, 2021
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The Brazilian health regulator suspended the use of over 12 million doses of Chinese-made vaccines on Sept. 4 over being produced in an unauthorized plant, according to an official statement. Authorities said the ban was “a precautionary measure” to prevent “possible imminent risk.” “The manufacturing unit … was not inspected and was not approved by…
Brazil Health Regulator Suspends Use of 12 Million Sinovac Vaccine Shots
SAO PAULO—Brazil’s federal health regulator Anvisa on Saturday suspended the use of over 12 million doses of a COVID-19 vaccine developed by China’s Sinovac Biotech Ltd. that were produced in an unauthorized plant, it said in a statement. Anvisa said it was alerted on Friday by Sao Paulo’s Butantan institute, a biomedical center that has…
Beef Giant Brazil Halts China Exports After Confirming Two Mad Cow Disease Cases
SAO PAULO—Brazil, the world’s largest beef exporter, has suspended beef exports to its No. 1 customer China after confirming two cases of atypical mad cow disease in two separate domestic meat plants, the agriculture ministry said on Saturday. The suspension, which is part of an animal health pact agreed between China and Brazil and is…
Brazil’s Vale Launches Self-Driving Trucks at Its Largest Iron Mine Carajas
September 3, 2021
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RIO DE JANEIRO—Brazilian miner Vale SA said on Thursday it had begun using self-driving trucks for the first time at its Carajas complex, its largest iron ore mining operation, as it continues to expand its use of the driverless technology. Vale expects to boost productivity and safety by using the trucks to haul iron ore,…
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