Brazil

US Committee Reveals Secret Brazil Court Orders to Elon Musk's X Regarding Account Suspensions

US Committee Reveals Secret Brazil Court Orders to Elon Musk's X Regarding Account Suspensions

A US congressional committee revealed classified Brazilian court rulings suspending accounts on the social media platform X, providing insight into choices that have sparked accusations about suspected censorship by the firm and its billionaire owner, Elon Musk.

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Brazil Judge Opens Inquiry Into Elon Musk for Alleged Obstruction of Justice

Brazil Judge Opens Inquiry Into Elon Musk for Alleged Obstruction of Justice

A Supreme Court judge in Brazil has launched an investigation into Elon Musk for alleged obstruction of justice.

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Brazil's Top Soybean Hub Mayor Courts Cargill and COFCO for Grain Crushing Boost

The mayor of Sorriso, Brazil's leading soybean producer, plans to attract investments for the local grain crushing industry, highlighting the region's global agricultural potential and promoting the establishment of new crushers.

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Mining Giants Ordered to Pay Nearly $10 Billion Over Brazil Dam Disaster That Killed 19 People

Mining Giants Ordered to Pay Nearly $10 Billion Over Brazil Dam Disaster That Killed 19 People

Mining giants BHP, Vale, and their iron ore joint venture Samarco have been ordered to pay $9.67 billion in damages over a deadly dam collapse in Brazil.

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Colombia Plane Crash Kills Brazilian Football Team, Death Toll Rises To 75

Fatalities in the Colombia plane crash on Monday has risen to 75. The British charter plane was en route to Medellin when it crashed in La Union.

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All eyes on Argentina's economy recovery in 2016

Led by new President Mauricio Macri, economy recovery in Argentina is anticipated during 2016. Argentina registered $3 billion trade deficit for 2015. Exports too fell over 50 percent during 2015.

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Latin America Economic Growth Has Left Some People Behind

Latin America experienced a phenomenal growth in the last decade. However, according to World Bank, the economic growth has not reached some people.Meanwhile the region's economy is slowing down in the last three years.

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Global Coffee Prices to be Affected Due to Drought and Extreme Weather in Brazil and Colombia.

Brazil, the world's number one coffee grower and exporter, has been hit by El Nino from last year, affecting the coffee crops and harvests. The weather has affected prices expectations and investors moves, as demand rise and supply declines. Coffee bean prices rise has been seen in Brazil.

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Gasoline smuggling dents export revenues for Venezuela

South American nation Venezuela is suffering from gasoline smuggling to neighboring nations. Gasoline is heavily subsidized in Venezuela. The cheaper gasoline smuggling has become a major revenue source in the crisis-hit Venezuelan economy. Venezuela's President has deployed soldiers in large number to keep constant vigil on its borders. Venezuela is losing foreign exchange revenue in US dollars because of smuggling of gasoline.

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WHO Warns Zika Virus To Spread Across The US, Scientists Require A Decade Making Vaccine Available For Public

Aedes mosquitoes are the bearer of Zika virus which is available across the US. WHO warns the US for a probable Zika virus induced epidemic. Brazil has appeared as the most Zika affected country. The US and other governments have issued a travel alert for the pregnant women forbidding to visit the Zika prone region. The travel alert has offbeat the organizers of the Rio de Janeiro olympic scheduled to be held in August.

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Toyota plans to take over the rest of Daihatsu

Toyota Motor is seriously contemplating a buyout of Daihatsu Motor Co., which would give the company direct access to Daihatsu’s 660 cc mini vehicles. This investment would fetch Toyota great returns in the emerging markets and also enable leveraging of the low-cost production model that has long been Daihatsu’s competitive advantage.

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Soybean and Corn Overproduction Still Affected the Low Price

Overproduction of last year's crops in the U.S. still affect the price in futures trading. Meanwhile farmers is predicted to still harvest a big yield of soybean and corn in 2016.

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Deeper recession, faster CPI, higher rate squeezing Brazil

The Brazil's central bank will be under pressure to raise interest rate in 2016 amid gripped into the deepening recession. The borrowing cost is expected to rise by 0.25 percent next year. Brazil is suffering from rising inflation and easing productivity.

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Xiaomi sold 1 million smartphones in India

Xiaomi sold 1 million handsets in the third quarter in India, which considered its second biggest market. CNET has reported that Xiaomi VO Hugo Barra considers this quarter their best quarter ever with the sales benchmarks it reported. The sales in India add a whopping 45 percent quarter-on-quarter growth for the company.

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Oil prices skid on profit booking, supply risk holds losses

Oil prices dropped on low volumes as investors preferred to book profit to take advantage of overnight rally. The oil price is hovering above $50 a barrel on disruption in production in Brazil and Libya.

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