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[1/2] A logo of Brazil's state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro, Brazil October 16, 2019. Lula told Prates that Petrobras should commission 25 ships to be built in Brazilian shipyards, instead of the four currently planned. When asked for comment, Petrobras referred Reuters to a Nov. 8 statement, in which it said it is still finalizing its investment plan. Last week, Reuters reported that Petrobras' plan will include around $100 billion in investments that the firm is both analyzing and those it has already committed to. In the previous 2023-2027 plan, Petrobras projected $78 billion in investments.

Persons: Sergio Moraes, Luiz Inacio Lula da Silva, Jean Paul Prates, Prates, Lula, Brazil's, Sabrina Valle, Lisandra Paraguassu, Rodrigo Viga Gaier, Marta Nogueira, Fabio Teixeira, Roberto Samora, Gabriel Stargardter, Marguerita Choy Organizations: REUTERS, HOUSTON, RIO DE, Petrobras, PETR4, Reuters, Thomson Locations: Rio de Janeiro, Brazil, BRASILIA, RIO, RIO DE JANEIRO, Brasilia, Mato Grosso, Sul, Petrobras

☆ Boeing chief strategy officer to depart in 2024 as part of restructuring
▼ + stars: | 2023-11-16 | by ( Valerie Insinna | ) www.reuters.com time to read: +2 min

A Boeing logo is seen at the company's technology and engineering center in Sao Jose dos Campos, Sao Paulo state, Brazil October 10, 2023. REUTERS/Gabriel Araujo/File Photo Acquire Licensing RightsWASHINGTON, Nov 16 (Reuters) - Marc Allen will step down as Boeing's (BA.N) chief strategy officer at the end of the year and leave the company in 2024 as the U.S. planemaker pares down its strategy arm. In a letter to employees on Thursday, Boeing CEO David Calhoun said the U.S. planemaker will not fill the chief strategy officer role going forward. Boeing will shrink its strategy and corporate development organization and instead have "strategy teams directly joining the business units they support," Calhoun said. Chief Financial Officer Brian West and Mike D’Ambrose, the company's top human resources official, will create a realignment plan for the strategy unit over the next month, Calhoun said.

Persons: Sao Jose dos Campos, Gabriel Araujo, Marc Allen, planemaker, David Calhoun, Calhoun, Brian West, Mike D’Ambrose, Allen, Valerie Insinna, Tim Hepher, Chris Reese, Bill Berkrot Organizations: Boeing, REUTERS, Rights, Embraer, EMBR3, Airbus, Thomson Locations: Sao Jose, Sao Paulo state, Brazil, U.S, China

Donald J. Trump’s claims of election fraud already helped inspire one South American leader, former president Jair Bolsonaro of Brazil, to sow doubt about the security of his nation’s elections, leading to a riot in Brazil’s capital this year. Now, 1,500 miles to the south, there is a new Latin American politician warning of voter fraud with scant evidence, undermining many of his supporters’ faith in their nation’s election this Sunday. Javier Milei, a far-right libertarian economist and television personality, is competing to become Argentina’s next president in a runoff election. On the campaign trail, he has embraced comparisons to Mr. Trump and Mr. Bolsonaro, and, like them, has repeatedly warned that if he loses, it may be because the election was stolen. Mr. Milei has claimed, without evidence, that stolen and damaged ballots cost him more than a million votes in a primary election in August, or as much as 5 percent of the total.

Persons: Donald J, Trump’s, Jair Bolsonaro, Javier Milei, Argentina’s, Trump, Bolsonaro, Milei Locations: Brazil

☆ Argentina election: Will Milei’s plan to ditch peso for the dollar be a vote-winner against Massa?
▼ + stars: | 2023-11-16 | by ( Analysis Stefano Pozzebon | ) edition.cnn.com time to read: +8 min

To fix the problem, Argentina should abandon the peso and adopt the dollar, whose value is set by the US Federal Reserve and cannot be printed at will. Massa has criticized the plan for dollarization as a surrender of national sovereignty and attempted to show that the government’s current actions are already paying dividends. Other mainstream politicians, including former the President Mauricio Macri and another former election candidate, Patricia Bullrich, have endorsed Milei despite sharing some reservations on dollarization. ET) and the vote count is expected to be quick – barring any unforeseen problems or objections, that is. Milei appeared to question the results of the first round of voting in October, although his party did not formally appeal.

Persons: Argentina’s, Sergio Massa, Javier Milei, Milei, Massa, dollarization, Pope Francis, “, Satan ”, Francis, Tucker Carlson, Milton Friedman, Argentinians, Mauricio Macri, Patricia Bullrich, Brazil’s Luiz Inácio Lula da Silva, Colombia’s Gustavo Petro, Spain’s José Luis Rodriguez Zapatero, Jair Bolsonaro, Mario Vargas Llosa, Mariano Rajoy, Donald Trump Organizations: CNN, Massa, Union por la Patria, Union, La Libertad, US Federal Reserve, Cato Institute Locations: Buenos Aires, Argentina, South America, Latin America, Ecuador, El Salvador, US, Argentina’s, Peruvian, Spanish

Additionally, tightness in U.S. soybean meal supplies related to Argentina’s extreme crop shortfall earlier this year has lent significant support to soybean and soymeal futures lately. Managed money net position in CBOT soybean futures and optionsIt was funds’ biggest net buying week in soybeans since early April, and both new longs and short-covering played an instrumental role. Managed money net position in CBOT soybean meal futures and optionsThe new managed money meal long is the biggest since mid-March and the largest ever for the date. CBOT soybean meal on Monday traded up the daily limit at one point, reaching the most-active contract’s highest since mid-March and notching another contract high for December meal. Most-active CBOT soybeans on Monday hit their highest price since Aug. 31, and most-active corn futures rose 2.9%, their biggest single-day percentage gain since July 24.

Persons: Karen Braun, Leslie Adler Organizations: U.S . Commodity Futures Trading Commission, China, U.S . Department of Agriculture, Reuters, Thomson Locations: NAPERVILLE, Ill, Brazil, Chicago

☆ Brazil food processor BRF widens net loss in Q3 on grain prices, chicken glut
▼ + stars: | 2023-11-13 | by ( Ana Mano | ) www.reuters.com time to read: +2 min

Logos of Brazilian meatpacker BRF SA are seen in the headquarters in Curitiba, Brazil October 1, 2019. BRF reported a 262 million real ($53.37 million) net loss in the third quarter, larger than the 136.7 million loss a year ago but slightly better than an LSEG consensus forecast of a 279 million real loss. Despite the hit, BRF said improvements in the company's operating performance were already showing results. BRF also said net revenue was 13.8 billion reais in the quarter, nearly the same as in the year-ago period. BRF said EBITDA came in at 1.2 billion reais ($244.45 million), slightly above LSEG consensus estimates of 1.17 billion reais.

Persons: Rodolfo Buhrer, BRF, Miguel Gularte, EBITDA, Ana Mano, Kylie Madry Organizations: meatpacker BRF, REUTERS, SAO PAULO, BRF SA, Management, JBS SA, Thomson Locations: Curitiba, Brazil, U.S

☆ Brazil Aims to Expand Rail System With Funds From Prior Contracts
▼ + stars: | 2023-11-13 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +2 min

By Lisandra ParaguassuBRASILIA (Reuters) - Brazil plans to expand its railway network with a 40 billion reais ($8 billion) fund that will be financed by removing discounts given to rail companies by previous government contracts, Transport Minister Renan Filho told Reuters. The Federal Audit Court is now reviewing those extensions after the government of President Lula da Silva disputed the discounts. "We think that some procedures adopted in the contracts are unacceptable," Filho said in an interview on Friday. According to the government, the companies owe an additional 40 billion reais ($8.1 billion) in unpaid concession payments. The government's goal is to have 40% of Brazil's freight, which is mostly iron ore, transported by rail, up from 17% today.

Persons: Renan Filho, Jair Bolsonaro, Lula da Silva, Filho, Rumo, São Paulo, Vale, Lisandra Paraguasu, Anthony Boadle, Emelia Sithole, Aurora Ellis Organizations: Reuters, Transport, Federal Audit Court, Vale, Rumo, TCU Locations: Paraguassu BRASILIA, Brazil, Carajas, Vitoria, Espirito Santo, São

“One of the biggest problems is the fragmentation of the forest,” said Luís Paulo Ferraz, executive director of the Golden Lion Tamarin Association, known by its Portuguese acronym AMLD. In the canopy above, the small golden monkeys with long tails were jumping from one branch to another. In the specific region of the Atlantic forest where golden lion tamarins can be found, the forest is down to just 2% of its original size, Ferraz said. In the 1970s, when scientists began efforts to save the species, there were just 200 golden lion tamarins left, according to AMLD. And in spite of a bad bout of yellow fever in 2018 — when the population dropped more than 30% in a matter of months — there are now more golden lion tamarins than at any time since conservation efforts began.

Persons: replanting, ”, Luís Paulo Ferraz, Sarah Darwin, Charles Darwin, “, ” Darwin, Ferraz, tamarins, Diarlei Rodrigues Organizations: RIO DE, Lion Tamarin Association, Nature Conservancy, AMLD, Associated Press Locations: RIO DE JANEIRO, Rio de, Forest, British, Portuguese, Brazil’s, Brazil, —

☆ Petrobras' five-year plan could include around $100 billion in projects - source
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +1 min

A logo of Brazil's state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File Photo Acquire Licensing RightsCompanies Petroleo Brasileiro SA Petrobras FollowRIO DE JANEIRO, Nov 10 (Reuters) - Brazil's state-run oil company Petrobras' upcoming five-year business plan will include around $100 billion in investments the firm is both analyzing and those it has already committed to, a source familiar with the matter told Reuters on Friday. The plan for the 2024-2028 period will be finalized over the next few weeks, with publication expected at the end of this month, the source said. In the previous 2023-2027 period, Petrobras projected $78 billion in investments. The figures are still being approved and could change, the source said, with pitched projects including renewable energy investments.

Persons: Sergio Moraes, Marta Nogueira, Steven Grattan, Kylie Madry Organizations: REUTERS, Petroleo Brasileiro SA Petrobras, RIO DE, Petrobras, Reuters, Thomson Locations: Rio de Janeiro, Brazil, RIO DE JANEIRO

☆ Brazilian cotton hits the runway at Sao Paulo Fashion Week
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +2 min

[1/5] A model presents a creation by the project “Sou de algodao" (I'm made of cotton) during Sao Paulo Fashion Week, in Sao Paulo, Brazil November 9, 2023. REUTERS/Carla Carniel Acquire Licensing RightsSAO PAULO, Nov 10 (Reuters) - Brazilian cotton producers took the natural fiber to the runway on Thursday night, strutting the catwalk of Sao Paulo Fashion Week (SPFW) in celebration of the 150th anniversary of jeans. Paulo Martinez, a Brazilian fashion icon who styled the show, pointed out that Brazilian cotton is "indispensable" in the manufacturing of the denim garments. More important than the race to come out on top is to show the industry and consumers the quality of Brazil's product, said the president of the Brazilian Cotton Producers Association (Abrapa), Alexandre Schenkel. For Schenkel, the runway showcased the fruits of designers' labor.

Persons: I'm, Carla Carniel, Paulo Martinez, Alexandre Schenkel, Roberto Samora, Peter Frontini, David Gregorio Our Organizations: Sao Paulo Fashion, REUTERS, SAO PAULO, Brazilian Cotton Producers Association, Thomson Locations: Sao Paulo, Brazil, Brazilian, States, China, India

"The revenue service is already organizing the implementation of this minimum taxation on multinationals," she said in an interview on Wednesday. The revenue service did not immediately respond to a request for comment. It advocates that this mechanism will ensure that large multinational companies pay a minimum 15% tax on their profits in all jurisdictions where they operate to deter profit-shifting to tax-favorable locations. The OECD estimates that the global minimum tax, already under way in countries including South Korea and Japan, could generate up to $200 billion in additional annual revenue. She also said Brazil aims to go further in the global tax discussion to reduce differences between advanced and emerging economies and to promote the green agenda.

Persons: India Narendra Modi, Luiz Inacio Lula da Silva, Joe Biden, Rishi Sunak, Kenny Holston, Tatiana Rosito, Maria Carolina Sampaio, GVM, Rosito, Marcela Ayres, Bernardo Caram, Matthew Lewis Organizations: U.S, UK, Rights, Finance, Reuters, Organization, Economic Cooperation, Development, OECD, International Monetary Fund, Thomson Locations: India, Brazil, New Delhi, Rights BRASILIA, South Korea, Japan, United States, Rosito, Brasilia

☆ Wacky, Curvaceous Houses in Brazil That Feel Like Cocoons
▼ + stars: | 2023-11-08 | by ( Michael Snyder | Ana Topoleanu | ) www.nytimes.com time to read: +1 min

AS THE WAR in Europe ended, Zalszupin moved from Bucharest to Prague to Paris; his first job was working on the reconstruction of the port in Dunkirk, France. Conditions were terrible. In 1949, he arrived in Rio de Janeiro with $500, a suitcase full of French perfume that he planned to sell until he found work and a calling card for Lucjan Korngold, a fellow Polish Jew who’d fled to Brazil during the war and established his own architecture firm in São Paulo. From 1950 to 1958, Zalszupin worked with the older architect on structures largely defined by their hard angles and muscular volumes. He brought those ideas to his own São Paulo-based practice, Prumo, which he ran with José Gugliotta until 1986.

Persons: Zalszupin, ”, “, he’d, Brazil’s, Korngold, who’d, José Gugliotta Organizations: AS THE, Paulo Locations: Europe, Bucharest, Prague, Paris, Dunkirk, France, Rio de Janeiro, Polish, Brazil, São Paulo

☆ Pope skips reading speech because of a cold but continues schedule
▼ + stars: | 2023-11-06 | by ( Philip Pullella | ) www.reuters.com time to read: +2 min

[1/4] Pope Francis meets Everton Vieira Vargas, ambassador of Brazil to the EU at the Vatican, November 6, 2023. I greet you all and I welcome you and thank you for this visit, which greatly pleases me," he told a delegation from the Conference of European Rabbis. "Pope Francis has a bit of a cold and a long day of audiences," Vatican spokesman Matteo Bruni said in a statement. "He wanted to greet the European rabbis individually and so he gave them his written speech. In the past, Francis has not read prepared speeches at the last minute in order to preserve his strength.

Persons: Pope Francis, Everton Vieira Vargas, Francis, Matteo Bruni, " Bruni, Philip Pullella, Keith Weir, Hugh Lawson Organizations: Vatican, Handout, REUTERS Acquire, CITY, Conference, COP28, Thomson Locations: Brazil, Argentina, Dubai, Nations

[1/6] A man works on a pole to restore electricity after a storm knocked down power cables in Sao Paulo, Brazil November 6, 2023. REUTERS/Carla Carniel Acquire Licensing RightsSAO PAULO, Nov 6 (Reuters) - Half a million residents of Sao Paulo remained without electricity on Monday three days after a storm knocked down power cables, leaving much of Brazil's largest city in the dark. The storm snapped branches and knocked down hundreds of trees that fell on overhead power lines in many streets of the city, initially cutting off 2.1 million customers in Metropolitan Sao Paulo, energy distribution company ENEL said. But what is shocking is that year after year there is not enough investment in burying the power cables. Reporting by Camila Moreira, Alberto Alerigi and Leticia Fucuchima in Sao Paulo; Anthony Boadle in Brasilia; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Carla Carniel, Sao Paulo, ENEL, Denilson Laurindo, Thiago Gonzalez, Gonzalez, Flavio Dino, Alexandre Vieira Monteiro, Camila Moreira, Alberto Alerigi, Leticia Fucuchima, Anthony Boadle, Jonathan Oatis Organizations: REUTERS, SAO PAULO, Metropolitan Sao Paulo, Sao Paulo, Friday, Brazil's, Thomson Locations: Sao Paulo, Brazil, Sao, Brazil's, Metropolitan Sao, Morumbi, Brasilia

☆ Whitney Wolfe Herd Is Stepping Down as Bumble’s C.E.O. After a Decade
▼ + stars: | 2023-11-06 | by ( Jenny Gross | More About Jenny Gross | ) www.nytimes.com time to read: +1 min

Bumble, which requires women to make the first move, went public in 2021, briefly making Ms. Wolfe Herd one of the world’s few female billionaires, according to Bloomberg. As of June, the dating app had 2.5 million paying users, according to Bumble’s second-quarter earnings report. Bumble will report its third-quarter earnings on Tuesday. About a third of adults in the United States have used a dating app, according to a Pew Research Center survey conducted last year. The number of users paying for Tinder, fell 6 percent compared to the same period a year earlier, Match said.

Persons: Wolfe Herd, Bumble’s, Bumble, Morgan Stanley, Jones Organizations: Bloomberg, Pew Research Center, Match, Tinder, Salesforce, Microsoft, Wall Street Journal Locations: United States, Fish, Brazil

TMS Hub offers free practice of jiu-jitsu primarily to veterans of the Russian-Ukrainian war who have suffered the loss of a limb through combat. “Being among their peers is more comfortable for them,” explained Serhii Pohosyan, co-founder of TMS Hub. Just two months into training, five veterans at the TMS Hub gym were ready for the national competition. I really enjoyed it.”At his first Ukrainian Jiu-Jitsu Championship, Oksyntiuk won a silver medal in the “para jiu-jitsu” category. Pohosyan, the TMS Hub co-founder, said the gym has specially equipped bathrooms and other facilities to ensure the comfort of disabled veterans.

Persons: ”, Artem Kuzmich, Kuzmich, “, Serhii Pohosyan, Vasyl Oksyntiuk, ” Oksyntiuk, Oksyntiuk, Pohosyan, ” Pohosyan Organizations: Ukrainian, Belorussian, TMS, TMS Hub, Jitsu Locations: KYIV, Ukraine, Eastern Ukraine, Ukrainian, Kyiv, Russian, Bakhmut, Russia, “, russia, ukraine

☆ Verstappen wins Brazilian Grand Prix, Perez distances from Hamilton in fight for runner-up place
▼ + stars: | 2023-11-05 | by ( ) www.cnbc.com time to read: +2 min

Three-time champion Max Verstappen led from the start and won the Brazilian Grand Prix on Sunday. Sergio Perez of Red Bull finished in fourth place, distancing himself from Mercedes' Lewis Hamilton in one of the few competitions left this season — a position for runner-up. Perez started the race at Interlagos in the ninth position and fan-favorite Hamilton in fifth after a frustrating qualifying for the Red Bull driver on Friday. Ferrari's Charles Leclerc, who was going to start second, crashed during the formation lap before the start due to an engine issue. In the 18th lap, the Red Bull driver overtook the Mercedes for fifth place, much to the disappointment of Brazilian fans who support the seven-time champion.

Persons: Max Verstappen, Sergio Perez of Red Bull, Mercedes, Lewis Hamilton, Perez, Fernando Alonso, Aston Martin, Spaniard, McLaren's Lando Norris, Alonso, Hamilton, Ferrari's Charles Leclerc, Kevin Magnussen, Haas, Williams, Alex Albon, Verstappen Organizations: Brazilian, Prix, Red Bull, Alonso, Las Locations: South America, Hamilton, Las Vegas, Abu Dhabi, Interlagos, Sao Paulo

Unusually hot and dry weather in Mato Grosso has caught traders’ attention. October weather in North Mato Grosso BrazilIn Brazil’s southern state of Parana, October rainfall totaled around 350 mm (13.8 inches), the most for any month in at least 25 years. It is unhelpful in this analysis that there have not been many stronger El Ninos in recent years for comparison. Soy yield was 13% below trend that year, but otherwise, soy yields rarely miss in Mato Grosso, making it difficult to detect an impending disaster. In the south, Parana’s rainiest soy-growing seasons have most often coincided with El Ninos, but actual yield outcomes are mixed.

Persons: El Nino, Mato Grosso’s, Mato, La Nina, El, Karen Braun, Rod Nickel Organizations: Mato Grosso, Farmers, El Ninos, El Nino, Iowa, La, El, Reuters, Thomson Locations: Primavera, Mato, NAPERVILLE , Illinois, Brazil, Mato Grosso, North Mato, Brazil’s, Parana, U.S, Southern, Argentina

Klein, who didn't testify at his trial, declined to address the court before U.S. District Judge Trevor McFadden sentenced him to five years and 10 months in prison. Prosecutors said Klein’s participation in the riot was likely motivated by a desire to keep his job as a presidential appointee. Prosecutors had recommended a 10-year prison sentence for Klein, an Alexandria, Virginia, resident who was 42 years old at the time of the riot. Klein and Cappuccio separately attended Trump's “Stop the Steal” rally on Jan. 6 before marching to the Capitol. Approximately 700 of them have been sentenced, with roughly two-thirds receiving terms of imprisonment ranging from three days to 22 years.

Persons: Donald Trump's, Federico Klein, Klein, Klein “, ”, Joe Biden’s, Trevor McFadden, McFadden, Prosecutors, Stanley Woodward, Trump, ” Woodward, Steven Cappuccio, Cappuccio, ” Klein, ” McFadden, Daniel Hodges Organizations: WASHINGTON, Marine Corps, Department, U.S . Capitol, Trump, Capitol, U.S, Southern Cone Affairs, Defense, Prosecutors, Cappuccio, Metropolitan Police, State Department Locations: West Terrace, Alexandria, Virginia, Universal City , Texas, Iraq, Nevada

☆ Is Fluminense the Team of the Future?
▼ + stars: | 2023-11-03 | by ( Rory Smith | More About Rory Smith | ) www.nytimes.com time to read: +1 min

Everything that has followed and everything that might yet — the glory and the acclaim, the opportunity and the revolution — has unspooled from a simple text. What is not entirely clear, though, is precisely which message was the one that counted. One night in April last year, the soccer coach Fernando Diniz sent a message to Mario Bittencourt, the president of Fluminense, one of the traditional giants of Brazilian soccer. Fluminense had just fired its coach. Diniz had both played for and managed the team already, and he had fond memories of his time working with Bittencourt, a 45-year-old lawyer.

Persons: Fernando Diniz, Mario Bittencourt, Diniz, ” Organizations: Fluminense

☆ Fact Check: Brazil soccer fans video shared as pro-Palestinian rally in France
▼ + stars: | 2023-10-31 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A video of soccer fans walking to the Oct. 5 Copa Libertadores semi-final between Palmeiras and Boca Juniors has been mislabeled online as showing a pro-Palestinian rally in France. The nighttime video of a large column of people was also shared on Facebook. The video, however, was posted on X on Oct. 5 by a Brazilian football page called “Planeta do Futebol” and was credited to sports journalist Marcela Rafael. Rafael told Reuters in an email that the video shows fans of Brazil’s Palmeiras team before a match against the Argentine Boca Juniors in the Copa Libertadores, the South American equivalent of Europe's Champions League. The video shows soccer fans heading to watch a match in Sao Paolo, not a pro-Palestinian protest in France.

Persons: Marcela Rafael, Rafael, Rua Jose Benedito Boneli, Read Organizations: Copa Libertadores, Palmeiras, Boca Juniors, “, Palestine, Twitter, Facebook, Hamas, Reuters, Planeta, Futebol, Argentine Boca Juniors, Europe's Champions, Allianz Parque, Thomson Locations: France, “ France, Palestine, Israel, Palestinian, Sao Paolo

☆ Garcia golden after Pan Am Games race walk comes up short
▼ + stars: | 2023-10-29 | by ( Steve Keating | ) www.reuters.com time to read: +2 min

SANTIAGO, Oct 29 (Reuters) - Peru's Kimberly Garcia won gold in the Pan American Games women's 20 kilometre race walk on Sunday but her time was voided after it was discovered the course was several kilometres short. Ecuador's Glenda Morejon took silver and Peru's Evelyn Inga bronze after completing a route which athletes believe was about 3km short. With women's event completed and the men's race about to get underway organisers delayed the start for over an hour to quickly remeasure the route to the official distance. Ecuador's Alexander Hurtado would win the men's gold in 1:19.20 just four seconds ahead of world championship bronze medallist Caio Bonfim of Brazil. "The expert commissioned by APA, Mr. Marcelo Ithurralde, did not take accurate measurements of the route the athletes took during the race.

Persons: SANTIAGO, Peru's Kimberly Garcia, Garcia, Ecuador's Glenda Morejon, Evelyn Inga bronze, Ecuador's Alexander Hurtado, Caio Bonfim, Marcelo Ithurralde, Steve Keating Organizations: Pan American, Lima Pan Am, Pan American Athletics Association, APA, Pan American Sport Organisation, Thomson Locations: Lima, Brazil, Parque O'Higgins, Santiago

☆ Brazilian Lawmakers Advance Country’s Regulated Carbon Market
▼ + stars: | 2023-10-26 | by ( Paulo Trevisani | Luciana Magalhaes | ) www.wsj.com time to read: +5 min

A Brazilian carbon market would be an important addition to an expanding network of cap-and-trade systems around the world. Brazilian agricultural producers and miners hope the carbon market will help overcome headwinds in developed markets where consumers often associate them with deforestation. Exporters of manufactured goods using Brazilian grains, meat, iron-ore and other raw materials could also get a boost if carbon regulation improves the country’s environmental credentials, according to Brazilian business executives. Sen. Tereza Cristina —a former agriculture and livestock minister—defended the decision to exclude the sector from carbon regulation. “The farm sector isn’t ready for the regulated carbon market,” she said.

Persons: Eraldo Peres, Luiz Inácio Lula da Silva, Flávio Roscoe, ”, Marcio Astrini, Tereza Cristina —, —, Fábio Passos, Passos, Paulo Trevisani, Luciana Magalhaes Organizations: Associated Press, United, Observatory, Sen, Business, Bayer’s, luciana.magalhaes@wsj.com Locations: Brazil, Associated Press Brazil, Nations, United Nations, Pennsylvania, Minas Gerais, Europe, Latin America, paulo.trevisani@wsj.com

☆ Brazilian Oil Industry Gets Support From New Congressional Caucus
▼ + stars: | 2023-10-26 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +3 min

By Anthony BoadleBRASILIA (Reuters) - Brazilian lawmakers have set up a congressional caucus to represent Brazil's oil and gas industry, led by state-run producer Petrobras, and to back the company's plans to explore offshore fields near the mouth of the Amazon River. Petrobras has planned to explore in the so-called Northern Brazilian Equatorial Margin, following major discoveries in neighboring Guyana and Suriname. We have to explore for oil at the mouth of the Amazon," Pazuello said. The Parliamentary Front in Support of Oil, Gas and Energy, as the caucus is called, was launched on Tuesday with 217 members, or 42% of the lower chamber of Congress. He said the launch of the caucus received unprecedented support in Congress and was a non-partisan effort.

Persons: Anthony Boadle BRASILIA, Eduardo Pazuello, Luiz Inacio Lula da Silva's, Pazuello, Equinor, Washington Quaquá, Jair Bolsonaro, Anthony Boadle, Rod Nickel Organizations: Reuters, Petrobras, Wednesday, Mines and Energy Ministry, Gas, Energy, Lula's Workers Party Locations: Para, Guyana, Venezuela, Suriname, Brazil, Rio de Janeiro

☆ Lula approval falls on view Brazil economy slipping -Genial/Quaest poll
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +1 min

Brazil's President Luiz Inacio Lula da Silva attends a meeting with Chinese Politburo Standing Committee member, Li Xi at the Planalto Palace in Brasilia, Brazil September 22, 2023. REUTERS/Adriano Machado/File Photo Acquire Licensing RightsBRASILIA, Oct 25 (Reuters) - Approval of President Luiz Inacio Lula da Silva's performance has fallen on Brazilian worries that Latin America's largest economy is worsening, a new Genial/Quaest poll showed on Wednesday. Approval of his way of governing has fallen to 54% in October from 60% in August, while 42% of those polled say he is doing a bad job, up from 35% in the previous survey. Genial/Quaest interviewed 2,000 people of voting age between Oct. 19 and Oct. 22. The poll has a 2.2 percentage point error margin.

Persons: Luiz Inacio Lula da Silva, Li Xi, Adriano Machado, Luiz Inacio Lula da, Quaest pollster Felipe Nunes, Lula, Jair Bolsonaro, Quaest, Anthony Boadle, Steven Grattan, Jonathan Oatis, Deepa Babington Organizations: REUTERS, Rights, Thomson Locations: Brasilia, Brazil, Rights BRASILIA

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