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«The Rio Times»
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2023

Новости за 18.03.2023

Controversial billionaires Wesley and Joesley Batista arrested during Operation Lava Jato travel with Lula to China

«The Rio Times» 

Brothers were arrested during Operation Lava Jato and became informants of the scheme involving BNDES and the J&F group. The Minister of Agriculture, Carlos Favaro, invited a committee of 88 businessmen and representatives of agribusiness entities to accompany President Luiz Inácio Lula da Silva's trip to China next week. The group's members are brothers Wesley […]

Fire hits Ministry of Defense building in Brasilia

«The Rio Times» 

On Saturday morning, a fire reached a room on the sixth floor of the Ministry of Defense building in Brasilia (18). The flames started shortly after 6 am. The fire and smoke could be seen outside the building, which is located at the Ministries Esplanade. The heat was so intense that the glass of a […]

Mercosur and European Union express in Brazil their desire to accelerate talks and reach trade agreement

«The Rio Times» 

Mercosur and the European Union today expressed their willingness to accelerate negotiations and close the trade agreement they have been seeking for more than two decades, which is currently under study, according to the Brazilian Vice-President, Geraldo Alckmin, and the Executive Vice-President of the European Commission, Margrethe Vestager. Alckmin and Vestager met this Friday in […]

Brazilian government lowers GDP growth forecast for this year and raises inflation forecast

«The Rio Times» 

The Brazilian Government lowered yesterday, Friday, the Gross Domestic Product (GDP) growth forecast for this year from 2.1% to 1.61% and raised it for inflation from 4.6% to 5.31%. As the Ministry of Finance disclosed in the Macrofiscal Bulletin, the previous GDP projection, published in November last year, minimized the effects of high-interest rates on […]

Four people died in the crash of a helicopter in the Brazilian city of São Paulo

«The Rio Times» 

Four people lost their lives yesterday, Friday, when the helicopter they were being transported crashed on the street in the city of São Paulo, the largest metropolis in Brazil and South America, confirmed the Fire Department. The corporation, which belongs to the Military Police of the State of São Paulo, said on its Twitter account […]

OECD reduced to 0.1% growth projection for Argentina’s economy

«The Rio Times» 

The Organization for Economic Co-operation and Development (OECD) reduced to 0.1 percent its growth projection for the Argentine economy for 2023. According to its most recent report on global economic prospects yesterday, Friday, it warned about the effects of inflation in this country. 0.4 percentage points reduced the new estimate about the forecast made last […]

Argentina leads this luxury market, but the exchange rate hedge is putting it in check

«The Rio Times» 

The foreign exchange restrictions have multiple effects on the Argentine economy. One of the sectors that could not escape its consequences is wool production, a luxury market that Argentina leads worldwide and used to generate revenues of up to US$260 million annually. While the economic team is trying to preserve and strengthen the scarce international […]

French retailer Casino raises US$780 million with the sale of a stake in Brazil’s Assaí

«The Rio Times» 

Casino Guichard-Perrachon Group has raised R$4.1 billion reais (US$783.7 million) from selling another stake in Brazilian wholesaler Assaí, a deal to reduce the French retailer's debt. Casino announced Friday the sale of 254 million Assaí shares at R$16 each, including an additional quota, confirming an earlier Bloomberg report. This represents a discount of about 1.5% […]





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