DIRS.INFO The most relevant business & tech news

☆ Brazil central bank signals possibility of rate cut in August by majority view
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +3 min

BRASILIA, June 27 (Reuters) - Brazil's central bank signaled on Tuesday that a majority of its policymakers see a possibility of initiating a "parsimonious" rate cut at its next meeting in August, provided that a more benign inflation scenario is consolidated, while a minority adopts a more cautious stance. Although it adopted a more moderate tone by excluding the possibility of rate hikes from its policy statement, the central bank refrained from signaling monetary easing at its next meeting in August last week, pointing instead to a data-dependent stance. The communication drew criticism from President Luiz Inacio Lula da Silva, ministers, and some market participants, who expected a notable shift in the bank's tone due to lower-than-expected inflation, a stronger currency, and easing inflation expectations. The central bank stressed in the minutes that inflation expectations declined slightly, but remain deanchored from official targets, partially due to the questioning about a possible change in future inflation targets, adding that "decisions that reanchor expectations can lead to faster disinflation." The National Monetary Council, consisting of the Finance Minister, Planning Minister, and central bank governor, will convene on Thursday to confirm the 3% inflation targets for 2024 and 2025, and set the official target for 2026.

Persons: Copom, Luiz Inacio Lula da Silva, Fernando Haddad, Marcela Ayres, Steven Grattan Organizations: Monetary, Finance, Planning, Thomson Locations: BRASILIA

☆ Exclusive: Brazil aims to pass offshore wind, green hydrogen laws by year-end, energy minister says
▼ + stars: | 2023-06-27 | by ( Catarina Demony | Thomson Reuters | Portugal-Based Multimedia Correspondent Reporting On Politics | ) www.reuters.com time to read: +3 min

LISBON, June 27 (Reuters) - Brazil aims to pass a regulatory framework for offshore wind and green hydrogen by the end of this year, the country's energy minister told Reuters on Tuesday, as Latin America's largest nation seeks to unlock new sectors to power its energy transition. With a floor of 16 billion reais, the auction could unlock 200 billion reais ($41.79 billion) in investments, he said. Currently, Brazil has no legislation in place to regulate offshore wind and green hydrogen. In early January, Brazil's government issued a decree that opened space for the development of offshore wind power generation in the country. "Green hydrogen is a real possibility for us to greatly expand our position in clean and renewable energy," he said.

Persons: Luiz Inacio Lula da Silva, Jair Bolsonaro, Lula, Alexandre Silveira, Brazil's, Silveira, Lula's, Catarina Demony, Miguel Pereira, Gabriel Stargardter, David Evans Organizations: Leftist, Energy, Shell, Petrobras, Reuters, Thomson Locations: LISBON, Brazil, Foz de Amazonas, Angra, Lisbon

☆ Rainforest destruction soared in 2022 despite global pledges to halt deforestation, new report finds
▼ + stars: | 2023-06-27 | by ( Caolán Magee | ) edition.cnn.com time to read: +4 min

CNN —The destruction of the world’s rainforests ramped up last year, despite global pledges to end deforestation by 2030, according to a new report. The country’s rate of forest loss rose 15% from 2021 to 2022. Bolivia saw a record-high level of primary forest loss last year, with a 32% increase compared to 2021. It came in third behind only Brazil and the Democratic Republic of the Congo for area of primary forest loss, the report found. Despite the global increase in deforestation, there has been a sharp reduction in forest loss in Indonesia and loss levels in Malaysia have remained low, according to the report.

Persons: Luiz Inacio Lula da Silva, Gustavo Moreno, Jair Bolsonaro’s, Luiz Inácio Lula da Silva, Boris Johnson, Jane Barlow, Rod Taylor, ” Organizations: CNN, World Resources, Watch, University of Maryland, Democratic, UN, WRI’s Locations: Switzerland, Brazil, Democratic Republic of Congo, Ghana, Bolivia, Democratic Republic of, Congo, Glasgow, Indonesia, Malaysia

☆ Analysis: Latin America, after record tightening, could lead way on rate cuts
▼ + stars: | 2023-06-26 | by ( Marion Giraldo | ) www.reuters.com time to read: +5 min

The small South American country of Uruguay has already cut rates, by 25 basis points in April. Chile's central bank kept its key interest rate on hold at 11.25% last week, but said if recent positive trends continue, it could begin cutting the rate in the short term. Forecasts are pointing to a rate cut next month, said Cesar Guzman, macroeconomic analyst at Santiago-based Grupo Securities. Even there, however, the central bank opted to hold rates steady in June as monthly inflation slowed for the first time in half a year. "Colombia and Mexico will be the last ones to cut rates, possibly in the fourth quarter."

Persons: Joan Domene, Reuters Graphics Goldman Sachs, Alberto Ramos, Cesar Guzman, Luiz Inacio Lula da Silva, Kimberley Sperrfechter, Andres Pardo, Marion Giraldo, Natalia Ramos, Fabian Cambero, Nelson Bocanegra, Anthony Esposito, Jonathan Oatis Organizations: MEXICO CITY, U.S . Federal Reserve, European Central Bank, Bank of England, America, Oxford, Reuters Graphics, Grupo Securities, Reuters, Capital Economics, XP Investments, Thomson Locations: MEXICO, Chile, Brazil, Mexico, American, Uruguay, Santiago, COLOMBIA, America, Argentina, Colombia, Bogota

☆ Brazil's Lula calls for 'common sense' negotiations on EU-Mercosur trade pact
▼ + stars: | 2023-06-24 | by ( ) www.reuters.com time to read: +2 min

June 24 (Reuters) - Brazilian President Luiz Inacio Lula da Silva on Saturday urged the European Union and the Mercosur to set aside arrogance and negotiate the long-awaited trade agreement between the blocs with common sense. "It's important to remember that we need the EU and they need us very much. So it's important that we put a little bit of arrogance aside and we try to use common sense for us to negotiate. The clause was agreed upon by former Brazilian President Jair Bolsonaro to speed up the deal. The agreement was struck in 2019 after lengthy negotiations but was then put on hold largely due to European concerns over Amazon deforestation.

Persons: Luiz Inacio Lula da Silva, Lula, Emmanuel Macron, Jair Bolsonaro, Alexandre Caverni, Peter Frontini, Marguerita Choy Organizations: Saturday, European Union, Mercosur, France, Thomson Locations: Paris, Brazilian, Brazil

June 22 (Reuters) - Brazil's President Luiz Inacio Lula da Silva said on Thursday the European Union should stop adopting a protectionist stance if it wants to reach a long-delayed trade deal with the Mercosur bloc. The EU and the Mercosur bloc of Argentina, Brazil, Paraguay and Uruguay completed negotiations in 2019 but the deal has been on hold due to concerns about Amazon deforestation and Brazil's commitment to climate change action. "The additional letter the EU sent to Mercosur is unacceptable because they punish any country that did not comply with the Paris Agreement," Lula told a news conference on the final day of his trip to Italy. "Not even them (EU) complied with the Paris Agreement. Lula said the Mercosur bloc was preparing its response and urged EU countries to be more "sensitive and humble".

Persons: Luiz Inacio Lula da Silva, Lula, Emmanuel Macron, Catarina Demony, Sharon Singleton Organizations: Union, Mercosur, EU, Thomson Locations: Argentina, Brazil, Paraguay, Uruguay, Mercosur, Paris, Italy, France, Marcron, South America

CNN —Former Brazilian President Jair Bolsonaro’s trial on charges of abuse of political power and misuse of public media began in the country’s highest electoral court on Thursday in Brasilia. If found guilty, Bolsonaro could be ruled ineligible to run for public office for up to eight years. Such claims of flaws in the electoral system have all been denied by Brazil’s electoral authorities. The livestream of the 2022 meeting, which was once available through official channels, was taken down by YouTube for not complying with its fake news policy. Bolsonaro lost last year’s election by the narrowest margin in decades against current President Luiz Inácio Lula da Silva.

Persons: Jair Bolsonaro’s, Bolsonaro, Benedito Gonçalves, ”, Judge Gonçalves, Walter Braga Netto, Luiz Inácio Lula da Silva Organizations: CNN, Former, CNN Brasil, Federal Police, YouTube, Brazil’s Democratic Labor Party Locations: Brasilia ., Brasilia

☆ Bolsonaro clings to his political future as electoral court case begins
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +3 min

The outlook appears bleak for Bolsonaro, a career politician who was until recently Brazil's most powerful man. Tarcisio Vieira, Bolsonaro's lawyer, told Reuters this week that his polarizing client faces an "unfavorable" climate from the country's media and the political and judicial classes. In an opening speech, Vieira said the case against Bolsonaro was "doomed to failure." If the TSE rules against Bolsonaro, the 68-year-old could find himself unable to run for public office until 2030. Much of Brazil appears eager to move on from the fire and brimstone of the Bolsonaro years.

Persons: Jair, Salgado, Diego Vara, Jair Bolsonaro's, Luiz Inacio Lula da Silva, Bolsonaro's, Tarcisio Vieira, Vieira, Bolsonaro, Lula, Tarcisio Freitas, Romeu Zema, Gabriel Stargardter, Brad Haynes, Chizu, Rosalba O'Brien Organizations: Electoral, REUTERS, Diego Vara RIO, Reuters, Bolsonaro, Sao Paulo, Thomson Locations: Porto Alegre, Rio Grande do Sul, Brazil, JANEIRO, Brasilia, Jan, Minas Gerais

☆ Brazil's Lula will ask Nicaragua's Ortega to release jailed bishop
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +2 min

ROME, June 22 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Thursday he would personally lobby Nicaragua's Daniel Ortega to release a bishop who has been imprisoned in the Central American state. Speaking to reporters a day after meeting Pope Francis, Lula said the Nicaraguan president should have "the courage" to recognize that a mistake had been made. "I intend to speak with Daniel Ortega about this to release the bishop. There is no reason for the bishop to be prevented from exercising his function in the Church," Lula said. "The only thing the Church wants is for Nicaragua to free them," Lula said, referring to Alvarez and a number of detained priests.

Persons: Luiz Inacio Lula da Silva, Nicaragua's Daniel Ortega, Pope Francis, Lula, Bishop Rolando Alvarez, Ortega, Daniel Ortega, Francis, Alvarez, Alvazez, Philip Pulella, Catarina Demony, Federico Maccioni, Crispian Balmer Organizations: Central, Roman Catholic Church, Thomson Locations: Central American, Nicaraguan, Nicaragua, Latin America, Brazil, United States

☆ Brazil's Lula discusses Ukraine war, BRICS with South African leader
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, June 22 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Thursday he had discussed the war between Russia and Ukraine and an upcoming BRICS summit with his South African counterpart Cyril Ramaphosa as they met in Paris. Lula has also pitched himself as a peace broker to end the war, which began when Russia invaded its neighbor in February 2022. The Brazilian leader irritated Western countries earlier this year when he suggested the West had been "encouraging" war by arming Ukraine. "We talked about the next BRICS summit and about President Ramaphosa's trip to Kyiv and Saint Petersburg, as well as the conversations he had with Zelenskiy and Putin," Lula wrote on Twitter after their meeting. Brazil, South Africa and Russia are all members of the BRICS group of emerging nations, which will hold a summit in the African nation in August.

Persons: Luiz Inacio Lula da Silva, Cyril Ramaphosa, Ramaphosa, Vladimir Putin, Lula, Ramaphosa's, Zelenskiy, Putin, Gabriel Araujo, David Gregorio Our Organizations: SAO PAULO, Twitter, New, Pact, Thomson Locations: Russia, Ukraine, Paris, Kyiv, Saint Petersburg, Brazil, South Africa, India, China

Santander and Goldman Sachs were the latest to upgrade their recommendations on the oil company to "Buy". They announced the change late on Tuesday, citing an attractive valuation and limited impacts from recent changes to key company policies. That followed similar calls earlier this month by Morgan Stanley and JPMorgan, which upgraded Petrobras to "Overweight" mentioning less disruptive policy changes than initially expected and lower risk perceptions, respectively. Analysts now await an announcement on the firm's dividend policy by July, but they do not foresee a major shift. "We believe the company's financial vigor and the government's fiscal needs make the case for limited changes," said Santander analysts, who raised their rating to "Outperform".

Persons: Goldman Sachs, Morgan Stanley, Goldman, Luiz Inacio Lula da Silva's, Gabriel Araujo, Brad Haynes, Emma Rumney, Sharon Singleton Organizations: SAO PAULO, Petrobras, PETR4, Santander, JPMorgan, Thomson Locations: Brazil

☆ Brazil's Lula discusses peace, poverty and inequality with pope
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +2 min

Vatican Media/Handout via REUTERSVATICAN CITY, June 21 (Reuters) - Pope Francis met Brazilian President Luiz Inacio Lula da Silva on Wednesday and discussed a range of common concerns including peace, poverty, inequality and the environment, the Vatican said. Underscoring this sentiment, the pope gave Lula a bronze sculpture with the inscription: "Peace is a fragile flower." Pope Francis and Lula have both repeatedly called for a halt to the fighting and pitched their respective offices as potential peace brokers. I think too few people are talking of peace," Lula told Corriere della Sera newspaper in an interview published on Wednesday. Lula met a number of Italian leaders during his brief visit to Rome, including Prime Minister Giorgia Meloni and President Sergio Mattarella.

Persons: Luiz Inacio Lula da Silva, Edgar Pena Parra, Pope Francis, Lula, Corriere, Jair Bolsonaro, Giorgia Meloni, Sergio Mattarella, Crispian Balmer, Andrew Cawthorne Organizations: General Affairs, State, Vatican, Handout, REUTERS VATICAN CITY, Corriere della Sera, Thomson Locations: Vatican's, Ukraine, Russia, Rome, Paris

☆ Brazil Senate confirms Lula's ex-lawyer for Supreme Court seat
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +2 min

[1/2] Cristiano Zanin, President Luiz Inacio Lula da Silva's former defense lawyer, walks during Brazil's Senate hearing to serve on the country's Supreme Court at Brazilian Federal Senate in Brasilia, June 21, 2023. Pedro Franca/Agencia Senado/Handout via REUTERSBRASILIA, June 21 (Reuters) - Brazil's Senate on Wednesday confirmed the appointment of Cristiano Zanin, President Luiz Inacio Lula da Silva's former defense lawyer, to serve on the country's Supreme Court. Zanin, 47, will be the youngest justice on the 11-member court and could remain there for 28 years. He is married to law office partner, Waleska Zanin Martins, whose father Roberto Teixeira was Lula's lawyer for decades. Lula denied the charges and said he was the target of political prosecution to stop him from running in the 2018 elections.

Persons: Cristiano Zanin, Luiz Inacio Lula da Silva's, Pedro Franca, Zanin Martins Advogados, Lula, Andre Cesar, Ricardo Lewandowski, Lula's, Zanin, Waleska Zanin Martins, Roberto Teixeira, Sergio Moro, Ricardo Brito, Maria Carolina Marcello, Anthony Boadle, David Gregorio, Matthew Lewis Organizations: Senate, Brazilian Federal Senate, Agencia, REUTERS, Wednesday, Supreme, Pontifical Catholic University of Sao Paulo, Lawfare Institute, Thomson Locations: Brasilia, Handout, REUTERS BRASILIA, Zanin

☆ New Brazil poll shows President Lula's approval rating "stable" at 37%
▼ + stars: | 2023-06-17 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, June 17 (Reuters) - Brazilian President Luiz Inacio Lula da Silva entered his sixth month in office with a 37% approval rating and a 27% disapproval rating, according to a Datafolha poll released Saturday, showing a stable result compared to the same pollster's data released in March. The poll shows that 33% of those interviewed said they consider left-wing Lula as "average", while 3% had no opinion. In the previous survey, Lula had an approval rating of 38%, while 29% disapproved. Datafolha surveyed 2,010 voters in 112 municipalities across the country from June 12 to 14, and the poll has a margin of error of two percentage points. Reporting by Steven Grattan; Editing by Franklin PaulOur Standards: The Thomson Reuters Trust Principles.

Persons: Luiz Inacio Lula da Silva, Lula, Jair Bolsonaro, Datafolha, Steven Grattan, Franklin Paul Organizations: SAO PAULO, Folha, S.Paulo, Franklin Paul Our, Thomson

☆ Brazil police find plans for military coup on Bolsonaro aide's phone, Veja reports
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +2 min

Cid is currently under arrest as part of a probe into the alleged falsification of Bolsonaro's COVID-19 vaccination card. According to Veja, the three-page document provided a roadmap for how to block Lula's inauguration, using the military as a "moderating force." The document calls for the nomination of an "intervener" with power over the armed forces and all of Brazil's federal public security agencies. Offending justices in the Supreme Court and the federal electoral court would be investigated, removed and replaced. Reporting by Gabriel Stargardter Additional reporting by Ricardo Brito Editing by Brad Haynes and David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Jair Bolsonaro, Veja, Luiz Inacio Lula da Silva, Anderson Torres, Lula, Colonel Mauro Cid, Cid, Bolsonaro's, Bernardo Fenelon, Gabriel Stargardter, Ricardo Brito, Brad Haynes, David Gregorio Our Organizations: RIO DE, Federal Police, Force, Thomson Locations: RIO DE JANEIRO

☆ EU chief embarks on Latin America tour to boost 'neglected' ties
▼ + stars: | 2023-06-12 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +2 min

BRUSSELS, June 12 (Reuters) - European Commission President Ursula von der Leyen starts a four-nation trip to Latin American on Monday to bolster political and trade ties that the European Union admits it has sometimes neglected. Von der Leyen will meet the presidents of Brazil, Argentina, Chile and Mexico on consecutive days. Von der Leyen will also seek to push forward an update to the EU-Mexico trade pact which the two sides agreed in 2018. It has a trade agreement with Chile that could give EU companies greater access to the country's lithium and copper. A possible understanding with Argentina could also promote exploration of the Vaca Muerta shale oil and gas reserves by EU investors.

Persons: Ursula von der Leyen, Von der, Olaf Scholz, Luiz Inacio Lula da Silva, Josep Borrell, Philip Blenkinsop, David Holmes Organizations: European Union, Mercosur, EU, Thomson Locations: BRUSSELS, Ukraine, China, Brazil, Argentina, Chile, Mexico, Paris, Brussels, Caribbean, Paraguay, Uruguay, Mercosur, Vaca

☆ Wall Street Journal: George Soros has handed control of his charitable and political activities to his son Alex
▼ + stars: | 2023-06-12 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

New York CNN —Billionaire George Soros, a leading philanthropist and contributor to liberal political causes, has tapped his 37-year old son Alexander Soros to lead his charitable foundation and political action committee, according to the Wall Street Journal. In an interview with the Journal Sunday, Alexander Soros was revealed to be the chair of the Open Society Foundations, Soros’ main philanthropic organization. George Soros, 92, is worth an estimated $6.7 billion according to Forbes, but his foundations are worth far more than that. He has given $32 billion to his Open Society Foundations, according to its website. His political action committee, Democracy PAC, gave $81 billion in political donations during the 2019-2020 election cycle, according to Open Secrets, which tracks political donations and spending.

Persons: George Soros, Alexander Soros, Alex, Chuck Schumer, Luiz Inácio Lula da Silva, Justin Trudeau, Forbes Organizations: New, New York CNN, Wall Street, Sunday, Open Society, Soros, Biden Administration, Canada’s, Democracy PAC Locations: New York

☆ Mexico peso's expected fall to be broken by favourable rate spread
▼ + stars: | 2023-06-08 | by ( Gabriel Burin | ) www.reuters.com time to read: +3 min

BUENOS AIRES, June 8 (Reuters) - An expected fall in Mexico's peso will likely be cushioned by its favorable interest rate spread, although there is a wide range of views on the currency's prospects over the coming year, a Reuters poll of foreign exchange strategists showed. It was also the best projection for the 12-month period in the survey's recent history, reflecting positive sentiment towards the big margin between Mexico's benchmark rate, currently at 11.25%, and the U.S fed funds rate range of 5.00%-5.25%. "This is particularly stark for MXN, whose volatility is the most subdued despite its arguably greater sensitivity to U.S.-driven risk-off shocks." In Brazil, the real , is set to fall 4.5% in one year to 5.14 per U.S. dollar from 4.91 this week. The real is up 7.7%, confounding detractors who saw it crashing early on in President Luiz Inacio Lula da Silva's government.

Persons: Optimists, Luiz Inacio Lula da Silva's, Gabriel Burin, Anitta Sunil, Aditi Verma, Jonathan Cable, Ross Finley, Sharon Singleton Organizations: Thomson Locations: BUENOS AIRES, Mexico's, U.S, Brazil, Buenos Aires, Bengaluru

☆ Brazil Is Key to Slowing Global Warming. But Its Carbon Market Has Struggled.
▼ + stars: | 2023-06-07 | by ( Paulo Trevisani | ) www.wsj.com time to read: +8 min

With Brazil struggling in its efforts to create a regulated carbon market, the country’s new president is moving to scrap his predecessor’s approach and start anew. Financing carbon-capture projects such as reforestation could also generate carbon credits. For example, a local regulated carbon market could help exporters avoid the carbon border adjustment mechanism the EU plans to charge on some imported products from 2026. Exporters also hope a regulated market would help repair Brazil’s abysmal environmental reputation, a product of its history of deforestation. The da Silva administration plans to have a carbon market operating in a couple of years, Toni said.

Persons: Luiz Inácio Lula da Silva, Jair Bolsonaro, ”, Gustavo Pinheiro, Luiz Gustavo Bezerra, Mayer Brown, Pelerson Penido Dalla Vecchia, Antônio Queiroz, Bezerra, Ana Toni, Silva, Toni, da Silva, Marina Silva, Annie Groth, “, Paulo Trevisani Organizations: Brazil, Climate, Society, Union, Vale, Agence France, group’s, International Chamber of Commerce, EU, Sustainable Business, National Secretariat, Street, Brazil’s Ministry of Development, Industry, Trade, Services, Environmental Ministry, United Nations Locations: Brazil, Paris, Braskem, Brazilian, Pennsylvania, Peru, Dubai

[1/6] Brazil's indigenous chief Raoni Metuktire takes part in a session of the Brazilian Supreme Court to debate the so-called legal thesis of 'Marco Temporal' (Temporal Milestone) in Brasilia, Brazil June 7, 2023. If it passes Congress, all eyes would turn to leftist President Luiz Inacio Lula da Silva, who has the power of veto. Indigenous groups, including members of the Xokleng community, protested outside the Supreme Court in Brasilia on Wednesday. Brazil's farm sector is also backing a bill in Congress that would set into law a cut-off date for land claims in 1988, the year Brazil's current Constitution was enacted. The hearing follows a setback for Indigenous people last week in Congress when the lower chamber passed the bill that limited the recognition of new Indigenous reservations.

Persons: Raoni Metuktire, Marco, Ueslei Marcelino BRASILIA, Justice Andre Mendonca, Jair Bolsonaro, Luiz Inacio Lula da Silva, Lula, Anthony Boadle, Gabriel Stargardter, David Gregorio Our Organizations: Brazilian, REUTERS, Ueslei, Big Agriculture, Wednesday, Thomson Locations: Brasilia, Brazil, Santa Catarina, Sao Paulo, Brazil's

☆ Brazil lawmakers propose reforms combining consumption taxes
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +2 min

The report represents an early step in a reform considered crucial by President Luiz Inacio Lula da Silva's administration. Lawmakers will now craft a formal text in greater detail to be put to a vote. Congressman Aguinaldo Ribeiro, the lawmaker in charge of the working group report, said the lower house of Congress would vote on a bill in the first week of July, citing a timeline approved by House Speaker Arthur Lira. This adjustment is expected to benefit wealthier and more populous states, and the working group proposed a transition period of "some years" for implementation. Under no circumstances will there be an increase of the tax burden," the report said.

Persons: Luiz Inacio Lula da Silva's, Aguinaldo Ribeiro, Arthur Lira, Marcela Ayres, Jamie Freed Organizations: Lawmakers, Thomson Locations: BRASILIA

☆ Brazil's president Lula to come to Paris on June 22-23-Macron's office
▼ + stars: | 2023-06-03 | by ( ) www.reuters.com time to read: 1 min

PARIS, June 3 (Reuters) - Brazilian President Luiz Inacio Lula da Silva will visit Paris on June 22 and 23, the office of French President Emmanuel Macron said on Saturday. The leaders will meet as part of the "Summit for a New Global Financial Pact", which will tackle reform of multilateral development banks (MDB), the debt crisis, financing for green technologies, the creation of new international taxes and financing instruments, and special drawing rights. Reporting by Mimosa Spencer; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

Persons: Luiz Inacio Lula da Silva, Emmanuel Macron, Mimosa Spencer, Toby Chopra Organizations: Paris, New Global, Thomson

☆ Replanting the Amazon could slow global warming. Here’s why it’s hard
▼ + stars: | 2023-06-03 | by ( ) www.reuters.com time to read: +24 min

Milton da Costa Junior nosed his pickup through a remote stretch of the western Brazilian Amazon to check on his babies. Local authorities said the September 2021 incident, which Da Costa outlined in a police report that was reviewed by Reuters, is being investigated. Out of dozens of reforestation initiatives in the country, Rioterra and The Black Jaguar Foundation, a Brazilian-European group, are among the largest. Illegal invaders destroy in hours what it takes Rioterra or Black Jaguar a year to plant. In all, Black Jaguar has signed contracts with 26 farms and planted 326 hectares (806 acres) to date.

Persons: Milton da Costa, Da Costa, Carlos Nobre, Alexis Bastos, Rioterra, ”, Nobre, “, Bastos, Jamari, Dejesus Aparecido Ramos, it’s, ” Bastos, Jair Bolsonaro, Germany –, Bolsonaro, Luiz Inácio Lula da Silva, Black, Ben Valks, Valks, Leandro Silveira, Silveira, São, ” Valks, aren’t, Cristina Banks, Leite, Marcos Mariani, Araguaia, Mariani, Tânia Irres, ” Irres, Regina Molke, I’ll, Clovis, Black Jaguar, Aquaverde, Renato Franklin, “ Ben, ” Franklin, L’Oreal, da Costa, ” Da Costa, da, Spring, Clare Trainor, Catherine Tai, Lais Morais, Ilan Rubens, Lucy Ha, John Emerson, Marla Dickerson Organizations: Milton da Costa Junior, Toyota, Reuters, Black Jaguar Foundation, National Institute for Space Research, Rioterra, Cultural, Environmental Studies, Petrobras, “, Amazon Fund, Environment Ministry, United, United Arab Emirates, São Paulo, Global, Farmers, Brazil’s Central Bank, Brazil’s National Institute for Space Research, Imperial College London, Santana, Bolsonaro, United Nations, Space Agency, Copernicus, Sentinel Locations: Machadinho, Rondônia, Brazil, Germany, Brazilian, European, Manhattan, Lebanon, Nicaragua, Bastos, Porto Velho, droves, Rio, Black, Itapuã, Oeste, Norway, United Arab, Pará, Caixa, “, Costa, Syria, Paris, Santana, Araguaia’s, Clovis, Regina, United States, South, Geneva, Rio Preto, da Costa

☆ Brazil's central bank chief opposes creation of common currency
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +2 min

BRASILIA, June 2 (Reuters) - Brazil's central bank chief Roberto Campos Neto expressed his opposition on Friday to the creation of a common currency, stating that in the era of digitalization it is unnecessary to have a shared currency for its purported benefits. Campos Neto emphasized the potential power of digital solutions in providing effective alternatives. Specifically addressing the proposal of a common currency between Brazil and Argentina, which has also been previously mentioned by the government, he reiterated his opposition. "We should have a 'digital' minister, someone should be thinking about digital solutions," he added. He defended that Brazil's CBDB is much easier to regulate than other forms of CBDCs since tokenized bank deposits will be subject to the same regulations that govern traditional deposits.

Persons: Roberto Campos Neto, Luiz Inacio Lula da, Campos Neto, Marcela Ayres, Chizu Organizations: Valor Capital, Thomson Locations: BRASILIA, Brazil, Argentina

☆ Petrobras eyes global expansion as Brazil hopes fade, sources say
▼ + stars: | 2023-06-01 | by ( Marta Nogueira | ) www.reuters.com time to read: +4 min

[1/3] A worker walks inside the Brazil's Petrobras P-66 oil rig in the offshore Santos basin in Rio de Janeiro, Brazil September 5, 2018. Petrobras' main bet on replenishing its reserves had been the Equatorial Margin, some 2,200 km of deepwater and ultra-deepwater assets along Brazil's northern and northeastern coast. According to one of the sources, the Equatorial Margin has been the company's "Plan A, B, and C" for restocking reserves. In March, Reuters reported that Petrobras was among at least 10 companies including Shell and Chevron to consider bidding on a Guyana oil auction, now scheduled for July. Such projects could also add scope for foreign expansion, said Mauricio Tolmasquim, Petrobras' chief energy transition and sustainability officer.

Persons: Pilar Olivares, Luiz Inacio Lula da Silva, Ibama, Jean Paul Prates, Prates, Lula, Mauricio Tolmasquim, Marta Nogueira, Gabriel Stargardter, David Gregorio Our Organizations: Petrobras, REUTERS, RIO DE, Brazil's Petrobras, Reuters, Petroleo, government's Energy Research, Ocean, Exxon Mobil, Estado, S, Shell, Chevron, Brazil, Thomson Locations: Santos, Rio de Janeiro, Brazil, RIO, RIO DE JANEIRO, Foz de Amazonas, Guyana, Suriname, Colombia, Argentina, Bolivia

Search resuls for: "Luiz Inacio Lula da Silva"

25 mentions found