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☆ China's GWM taps Brazil's WEG for electric vehicle charging network
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: +1 min

[1/2] EV car Good Cat by Ora, a brand by Great Wall Motors, is displayed at the Bangkok International Motor show in Bangkok, Thailand, March 22, 2022. REUTERS/Athit PerawongmethaSAO PAULO, April 4 (Reuters) - Chinese electric car maker Great Wall Motors (GWM) (601633.SS) on Tuesday said is planning to install an electric vehicle charging network in Brazil through an exclusive partnership with local motor manufacturer WEG (WEGE3.SA). The partnership involves developing "a broad network for recharging electrified vehicles at dealerships, parking lots, shopping malls and other commercial establishments," GWM said in a statement. WEG will provide the Chinese firm "electric vehicle chargers to be sold to consumers and to be installed at the automaker's dealerships," it added. ($1 = 5.0852 reais)Reporting by Alberto Alerigi Jr., editing by Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.

☆ These 3 little-known Latin American stocks have over 50% upside, UBS says
▼ + stars: | 2023-03-01 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Latin American stocks managed to dodge the battering their North American peers got in 2022. UBS shared with clients its top stocks listed in Latin America, where it expects "near-term catalysts" to move share prices. The following are three buy-rated stocks with more than 50% upside from UBS's "high-conviction ideas with catalysts" report, dated Feb. 8. Vibra Shares of Vibra Energia , the largest gas station operator in Brazil, are expected to rally by 50%, according to UBS. While that deal was initiated in 2021, UBS believes "the market is not pricing in" earnings upside from Comerc.

☆ Death toll from Brazil floods, landslides reaches 57
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, Feb 24 (Reuters) - The death toll from heavy rains that devastated coastal areas of Brazil's southeastern Sao Paulo state reached 57 people on Friday, official figures showed. Massive downpours have caused landslides and flooding in coastal towns of Brazil's richest state since last weekend. The city of Sao Sebastiao bore the brunt of the human toll, with 56 of the reported deaths. The Sao Paulo state government said in a statement that more rains were expected on Friday while search and rescue efforts continued with dozens still missing. On Thursday a Brazilian Navy ship arrived in Sao Sebastiao to help rescue victims.

☆ Brazil downpours leave at least 49 killed, death toll expected to rise
▼ + stars: | 2023-02-23 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, Feb 23 (Reuters) - The death toll from heavy rains that devastated coastal areas of Brazil's southeastern Sao Paulo state reached 49 people, official figures showed on Thursday, as cities in the region brace for more downpour in the coming days. The number of casualties rose from 48 reported a day earlier, the Sao Paulo state government said in a statement, but dozens remained missing and search and rescue efforts continued. The city of Sao Sebastiao, located some 200 km (124.3 miles) from Sao Paulo, bore the brunt of the human toll, with 48 of the reported deaths, but nearby towns such as Ilhabela, Caraguatatuba, Bertioga and Ubatuba were also affected. Massive downpours have caused landslides and flooding since last weekend in coastal towns of Brazil's richest state, so far hit by more than 600 millimeters (23.6 inches) of rain, the highest cumulative figure ever in the country. Reporting by Eduardo Simoes; Editing by Steven GrattanOur Standards: The Thomson Reuters Trust Principles.

☆ Death toll from Brazil downpours hits 48, dozens still missing
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +2 min

[1/7] Volunteers, firefighters, army officers and a civil guard carry the body of a woman who died at one of the landslide sites after severe rainfall at Barra do Sahy, in Sao Sebastiao, Brazil, February 22, 2023. REUTERS/Amanda PerobelliSAO PAULO, Feb 22 (Reuters) - The death toll from heavy rains that devastated coastal areas of Brazil's southeastern Sao Paulo state reached 48 people, official figures showed on Wednesday, but dozens were still missing as search and rescue efforts continued. The number of casualties rose from 46 reported a day earlier, the Sao Paulo state government said in a statement. The city of Sao Sebastiao, located some 200 km (124.3 miles) from Sao Paulo, bore the brunt of the human toll, with 47 of the reported deaths. The floods in coastal Sao Paulo state were the latest in a series of such disasters to recently strike Brazil, where shoddy construction, often on hillsides, can have tragic consequences during the country's rainy season.

☆ Death toll from devastating Brazil downpours rises to 44
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, Feb 21 (Reuters) - The death toll from heavy rains that devastated coastal areas of Brazil's southeastern Sao Paulo state rose to 44 people, according to a state government statement on Tuesday. The city of Sao Sebastiao bore the brunt of the human toll, with 43 reported deaths. [1/5] Firefighters work to find victims in one of the landslides sites after severe rainfall at Barra do Sahy in Sao Sebastiao, Brazil, February 21, 2023. Sao Paulo state Governor Tarcisio de Freitas said the Navy would build a field hospital for victims starting Thursday. The deluge happened as tourists thronged to Brazil's beaches during the annual Carnival holiday, likely making the human toll much worse.

☆ Two dozen dead after Brazil rains cause calamity
▼ + stars: | 2023-02-20 | by ( Ana Mano | ) www.reuters.com time to read: +1 min

The Sao Paulo state government confirmed 19 deaths and 566 dislodged or homeless persons after rains of more than 600 millimeters (23.62 inches) pounded the coast of Brazil's richest state. [1/3] An aerial view shows the damage caused by severe rainfall in Ilhabela, Brazil, February 19, 2023, in this picture obtained from social media. Sao Paulo state declared a 180-day state of calamity for six cities after what experts described as an unprecedented, extreme weather event. President Luiz Inacio Lula da Silva said on his social media account he will visit the main affected areas on Monday. Reporting by Ana Mano in São Paulo and Lisandra Paraguassu in Brasília; Editing by Diane CraftOur Standards: The Thomson Reuters Trust Principles.

SAO SEBASTIAO, Brazil, Feb 20 (Reuters) - The death toll from devastating rainfall in southeastern Brazil rose to 40 on Monday, official figures showed, as President Luiz Inacio Lula da Silva visited the region and said homes should no longer be built in areas at risk of landslides and major floods. Lula flew over the coastal town of Sao Sebastiao alongside Cabinet ministers and pledged to help rebuild the town of some 91,000 people by constructing new houses in safer places. "Sometimes nature takes us by surprise, but sometimes we also tempt nature," Lula said in a speech after meeting with Sao Paulo Governor Tarcisio de Freitas and Sao Sebastiao Mayor Felipe Augusto to coordinate their response to the disaster. "I express my solidarity with the people of Sao Sebastiao and I hope this never happens again." [1/4] Landslides are seen after severe rainfall in Sao Sebastiao, Brazil, February 20, 2023.

[1/5] Supporters of Brazil's former President Jair Bolsonaro demonstrate against President Luiz Inacio Lula da Silva as security forces operate, outside Brazil?s National Congress in Brasilia, Brazil, January 8, 2023. Launched in November 2020 and run by Brazil's central bank, Pix is free of charge for individuals, allowing them to instantly transfer money to others via online banking apps. Since its launch, over 133 million Brazilians and almost 12 million companies have made or received Pix transfers, according to the central bank. INVESTIGATIVE TRAILPolice, money-laundering experts and central bank officials said Pix donations will be central to investigators' efforts to uncover who orchestrated the insurrection. Pix transfers are covered by bank secrecy laws, and police can only access a suspect's transaction history with judicial authorization.

“Bolsonaro ran on a very Trump-like ticket,” Todd Landman, professor of political science at the University of Nottingham in England, told NBC News. He also raised doubts about the integrity of the electoral process well in advance.”After his defeat to Lula in October, Bolsonaro didn’t explicitly concede. NBC News reached out to the White House for comment on congressional Democrats’ demands for Biden to remove Bolsonaro. Bolsonaro’s visa status was not immediately clear. Unlike the Jan. 6, 2021, attack at the U.S. Capitol, very few officials were in the buildings at the time of Sunday’s attacks, and Bolsonaro’s supporters faced little opposition.

☆ Brazil investigates who led anti-democratic riots in capital
▼ + stars: | 2023-01-09 | by ( Anthony Boadle | ) www.reuters.com time to read: +5 min

Supreme Court Justice Alexandre de Moraes also ordered social media platforms Facebook, Twitter and TikTok to block coup-mongering propaganda. Tens of thousands of anti-democratic demonstrators on Sunday invaded the Supreme Court, Congress and the presidential palace and smashed windows, overturned furniture, destroyed art works and stole the country's original 1988 Constitution. The assault raised questions among Lula's allies about how public security forces in the capital were so unprepared and easily overwhelmed by rioters who had announced their plans days ahead on social media. Bolsonaro faces legal risks from several investigations before the Supreme Court in Brazil and his future in the United States, where he traveled on a visa issued only to sitting presidents, is in question. "The United States should not be a refuge for this authoritarian who has inspired domestic terrorism in Brazil.

☆ Bolsonaro supporters invade Brazil presidential palace, Congress, Supreme Court
▼ + stars: | 2023-01-08 | by ( ) www.cnbc.com time to read: +4 min

Supporters of Brazilian President Jair Bolsonaro take part in a protest to ask for federal intervention outside the Army headquarters in Brasilia, on November 2, 2022. Supporters of Brazil's far-right former President Jair Bolsonaro on Sunday invaded the country's Congress, presidential palace and Supreme Court, in a grim echo of the U.S. Capitol invasion two years ago by fans of former President Donald Trump. Television images showed protesters breaking into the Supreme Court and Congress, chanting slogans and smashing furniture. The Supreme Court was ransacked by the occupiers, according to social media images that showed protesters shattering the windows of the modernist building. "Violence has no place in a democracy," Douglas Koneff, the U.S. chargé d'affaires in Brasilia, wrote on Twitter.

[1/5] A man takes a picture of the vehicle transporting Brazilian soccer legend Pele's body, at the Vila Belmiro stadium in Santos, Brazil, January 2, 2023. "The expectation is huge, the whole world will be here," said local fan Roberto Santos. He was the creator of Brazilian soccer," said fan Antonio da Paz, waiting outside the stadium for the memorial set to begin at 10 a.m. (1300 GMT). Several authorities are expected to attend the memorial, including newly sworn-in Brazilian President Luiz Inacio Lula da Silva, Vice President Geraldo Alckmin - a longtime Santos supporter - and FIFA President Gianni Infantino. "I'll be here all day, 24 hours, from 10 a.m. to 10 a.m.," fan Roberto Santos said.

Companies Petroleo Brasileiro SA Petrobras FollowRIO DE JANEIRO, Dec 23 (Reuters) - Caio Paes de Andrade, the chief executive of Brazil's state-run oil firm Petrobras (PETR4.SA), has decided to resign before his term ends in April, but has not yet set a date for his departure, six sources told Reuters. Andrade's early exit would provide a pathway for leftist President-elect Luiz Inacio Lula da Silva to quickly install his own choice to lead the company. Lula, a leftist former president, takes office on Jan. 1. Prates has previously said the incoming government will not have an interventionist stance on Petrobras. Petrobras had previously said Andrade had accepted an invitation from future Sao Paulo state Governor Tarcisio Freitas to join his team.

☆ Brazil VP-elect Alckmin vows debt reduction, seeks to appease markets
▼ + stars: | 2022-11-17 | by ( ) www.reuters.com time to read: +1 min

BRASILIA, Nov 17 (Reuters) - Brazil's incoming government will be fiscally responsible, Vice President-elect Geraldo Alckmin said Thursday, promising a budget surplus and reduction in public debt in effort to quell market unrest over a proposed welfare plan. "The market reaction is momentary. "The framework will be discussed," Alckmin, a former two-time governor of Brazil's Sao Paulo state. "The key issue is a tax reform," which will help spur GDP growth, he said, adding it would be approved as soon as possible, but he gave no deadline. Reporting by Lisandra Paraguassu; Editing by Lisa Shumaker, Brendan O'Boyle and David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ Brazil's Lula seen favoring leftist Haddad for finance minister, sources say
▼ + stars: | 2022-11-16 | by ( Lisandra Paraguassu | ) www.reuters.com time to read: +4 min

REUTERS/Mariana Greif/File PhotoBRASILIA, Nov 16 (Reuters) - Leftist former Sao Paulo Mayor Fernando Haddad is emerging as the front-runner to be Brazilian President-elect Luiz Inacio Lula da Silva's finance minister, three sources told Reuters, although they said no final decision has yet been made. Investors, already jittery over Lula's spending plans, are eager to learn who will be Brazil's next finance minister. Lula is not expected to announce any of his ministers until early December after he returns from Egypt and Portugal trips. Markets tumbled in Brazil last week on concerns that Lula was delaying the naming of his finance minister and disregarding fiscal discipline as he studied ways to bypass the budget spending ceiling. Haddad failed in his bid to be Sao Paulo governor in last month's election, losing out to Bolsonaro's pick for the job.

☆ 'He is our phoenix': In Brazil, newly elected Lula has seen ups and downs
▼ + stars: | 2022-11-01 | by ( Associated Press | ) www.nbcnews.com time to read: +5 min

Da Silva’s mother was left alone to raise eight children, of whom Lula was the youngest. He told The Associated Press he saw da Silva’s face light up with each colorful envelope he delivered. “God willing, one day we will publish (the letters),” da Silva said at a rally in September. After 580 days’ imprisonment, da Silva was a free man — free to marry his girlfriend, and free to run for the presidency. Ultimately, it came down to the wire: Da Silva was elected with 50.9% of the vote.

REUTERS/Roosevelt CassioSAO PAULO/BRASILIA, Nov 1 (Reuters) - Brazil's Supreme Court on Tuesday ordered police to remove scores of roadblocks set up by supporters of President Jair Bolsonaro to protest his defeat in the presidential election, while the far-right leader remained silent on the result. Some truckers posted videos calling for a military coup to stop Lula, a leftist who served as Brazil's president from 2003 to 2010, from taking office. Bolsonaro remained silent more than 36 hours after his defeat and has neither conceded the race nor called the president-elect. The main access road to Sao Paulo's Guarulhos international airport, the busiest in the country, also was blocked. Although Bolsonaro has remained silent on his election loss, his political allies and associates have already begun to establish contact with the Lula camp to discuss a transition.

☆ Brazil's rural boomtowns ensure Bolsonarismo's future
▼ + stars: | 2022-10-28 | by ( Gabriel Stargardter | ) www.reuters.com time to read: +7 min

REUTERS/Gabriel StargardterCATANDUVA, Brazil, Oct 28 (Reuters) - The small city of Catanduva in the rural farm belt of Sao Paulo state has been ahead of the political curve in Brazil. The residents of Catanduva, who have benefited from robust Chinese demand for Brazilian commodities, are now fully behind Bolsonaro. Since Sahao stepped down in 2005, the PT has spent nearly two decades locked out of power at Catanduva's city hall. Across Sao Paulo, countless PSDB mayors and state lawmakers have, like Father Oliveira of Catanduva, thrown in their lot with Bolsonaro. Bassitt, the farmer, said the conservative values of rural, small-town Brazil were now the driving force in national politics.

☆ Suzano to buy Kimberly-Clark's tissue assets in Brazil
▼ + stars: | 2022-10-24 | by ( Tatiana Bautzer | ) www.reuters.com time to read: 1 min

SAO PAULO, Oct 24 (Reuters) - Brazilian pulpmaker Suzano SA (SUZB3.SA) said on Monday it reached a deal to buy Kimberly-Clark's (KMB.N) tissue paper operations in the country. In a securities filing, Suzano said the main asset included in the deal is a tissue production plant located in Sao Paulo state. A new company created by Suzano will hold the assets, as well as manufacture and distribute the tissue products, such as paper towels and napkins, it said. The firm did not disclose the value of the deal, but said that it does not have a significant impact on its indebtedness level. Register now for FREE unlimited access to Reuters.com RegisterReporting by Carolina Pulice and Peter Frontini; Editing by Isabel Woodford and Josie KaoOur Standards: The Thomson Reuters Trust Principles.

☆ Afghan refugees camp out in Brazilian airport in search of new life
▼ + stars: | 2022-10-14 | by ( Fernando Cardoso | ) www.reuters.com time to read: +3 min

Brazil has approved about 6,000 humanitarian visas for Afghan refugees since late last year. But local authorities near Sao Paulo's Guarulhos airport said they had little idea there would be dozens of Afghans arriving daily this month. The refugees told Reuters they arrived without promises of a place to stay and now the local government is scuttling to find places for them outside the airport grounds. Afghan women talk near makeshift tents made out of blankets as they camp at Sao Paulo International airport in search of refuge in Guarulhos, Brazil, October 12, 2022. The Sao Paulo state government is working with municipal authorities and civil society to attend to basic needs of the arriving refugees.

Companies Apple Inc FollowSAO PAULO, Oct 13 (Reuters) - A Brazilian court on Thursday fined Apple Inc (AAPL.O) 100 million reais ($19 million) and ruled that battery chargers must come with new iPhones sold in the country. The Sao Paulo state court ruled against Apple in a lawsuit, filed by the association of borrowers, consumers and taxpayers, that argued that the company commits abusive practices by selling its flagship product without a charger. Apple said it will appeal the decision. Register now for FREE unlimited access to Reuters.com RegisterPreviously, the tech firm argued that the practice had the purpose of reducing carbon emissions. ($1 = 5.2622 reais)Register now for FREE unlimited access to Reuters.com RegisterReporting by Beatriz Garcia; Writing by Peter Frontini; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ Bolsonaro's outsider aura dims after Brazil's four tough years
▼ + stars: | 2022-09-29 | by ( Gabriel Stargardter | ) www.reuters.com time to read: +4 min

Brazil's President and candidate for re-election Jair Bolsonaro attends a campaign rally in Santos in Sao Paulo state, Brazil, September 28, 2022. REUTERS/Amanda PerobelliRIO DE JANEIRO, Sept 29 (Reuters) - Brazilian President Jair Bolsonaro once said only God could remove him from power. A career politician turned self-styled outsider, the tough-talking Bolsonaro was elected in 2018 on vows to clean up Brazil's graft-stained politics and modernize its economy. Prior to becoming president, Bolsonaro was known as a fringe conservative congressman, popular among police and soldiers in his Rio de Janeiro base. But with hunger still haunting some 33 million Brazilians, Bolsonaro is not getting much credit.

☆ Bolsonaro's gun laws arm Brazil's brazen bank thieves
▼ + stars: | 2022-09-21 | by ( Gabriel Stargardter | ) www.reuters.com time to read: +10 min

In July, Reuters reported that Brazil's Federal Police disapproved of Bolsonaro's gun policies, arguing they would put more weapons in the hands of criminals. Of all the weapons now available to Brazil's gun fans, the T4 has emerged as the weapon of choice for its gangsters. A common tactic used by gangs - as seen in the case of Huijsman's T4 - is to steal weapons from CAC permit-holders' homes. On Oct. 31, 2021, Minas Gerais military police and Brazil's Federal Highway Police carried out two raids against alleged bank robbers hiding out near Varginha, killing 26 of them. Marques, the gun expert, said Huijsmans' rifle wouldn't be the last legally acquired firearm to turn up at a crime scene.

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