Tag Archives: CORONAVIRUS / BRAZIL

Brazil is expected to reopen international travel to foreigners, said the source | Instant News


BRAZIL / SAO PAULO, July 29 (Reuters) – Brazil is expected to announce reopening international air travel to foreigners, which have been banned since March due to the coronavirus crisis, two sources with knowledge of the problem told Reuters on Wednesday.

The source said the federal government was expected to issue a decree announcing the lifting of the travel ban, although it would likely include some restrictions. (Reporting by Ricardo Brito and Marcelo Rochabrun; Editing by Sandra Maler)

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The death toll of the Brazilian virus reached a peak of 80,000 health services | Instant News


RIO DE JANEIRO, July 20 (Reuters) – Brazil registered 20,257 new cases of confirmed corona virus and the number of deaths has risen above 80,000, the health ministry said Monday.

The total number of cases in Brazil, the second most affected country in the world after the United States, has now increased to 2,118,646 while the 632 new deaths recorded bring the total number of deaths to 80,120.

Reporting by Pedro Fonseca Writing by Jamie McGeever Editing by Chris Reese

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The Brazilian coronavirus outbreak worsened because the total number of cases was close to 500,000 | Instant News


BRAZILIA, May 30 (Reuters) – Brazil registered a record 33,274 new cases of corona virus on Saturday, the health ministry said, bringing the total to 498,440 in the country with one of the worst outbreaks in the world.

The death toll in Brazil from COVID-19, a respiratory disease caused by coronavirus, increased to 28,834, with 956 new deaths in the past 24 hours, the ministry said. (Reporting by Anthony Boadle Editing by Paul Simao)

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UPDATE 1-Brazil has a weight of $ 2 billion in coronavirus assistance loans to the electricity sector | Instant News


(Adds context, attempts to contact ministries, potentially large companies involved)

By Rodrigo Viga Gaier and Luciano Costa

RIO DE JANEIRO / SAO PAULO, May 14 (Reuters) – The Brazilian government is considering 12 billion reais ($ 2.06 billion) in emergency loans to help power companies overcome the financial crisis caused by the new coronavirus pandemic, three people who are aware of this problem . told Reuters.

Electricity distribution companies have requested assistance packages because electricity demand has fallen amid a health crisis and more and more consumers have failed to pay for utility payments. Industry executives estimate they need 15 billion reais to 17 billion reais to fulfill their obligations to power plants and transmission companies.

The government has acknowledged talks on aid to the sector with state banks BNDES, Banco do Brasil SA and Caixa Economica Federal and private banks Itau Unibanco and Banco Bradesco SA. But it has not yet provided the potential value of the aid package.

The Brazilian Ministry of Mines and Energy, which oversees the regulation of the sector, did not immediately respond to requests for comment.

The proposed loan will be repaid for 60 months, said the source. Half of the interest costs will be borne by the utility while the rest will be passed on to the customer, said one person.

The largest investors in Brazil’s energy distribution sector include the Chinese State Grid, which owns CPFL Energia, Enel Italia and Iberdrola Spain, through its ownership in Neoenergia. The main players in this sector also include Energisa SA, Equatorial Energia SA and state-owned Cemig.

$ 1 = 5.8127 reais
Reporting by Rodrigo Viga Gaier and Luciano Costa; Write by
Jake Spring; Editing by Chris Reese and Alistair Bell

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The bailout of a Brazilian airline has fallen in value to $ 680 million | Instant News


SAO PAULO, May 13 (Reuters) – Brazilian state development bank BNDES on Wednesday offered airlines a rescue package of 4 billion reais ($ 680 million), less than half of what was originally anticipated, said a source with knowledge of the problem.

The plan has shrunk over time, from 10 billion reais, to 6 billion reais and now to 4 billion.

Under the terms of this plan, BNDES will provide 60% of the rescue line, while private banks will contribute 10% and the rest will come from capital market investors.

The rescue plan will be offered to three of Brazil’s top airlines, Gol Linhas Aereas Inteligentes SA, Latam Airlines Group and Azul SA. That may still change, depending on how talks with airlines develop, the source said.

Previously, negotiations between BNDES and airlines involved a credit limit of 10 billion reais.

In addition to debt, the rescue plan includes instruments that can be converted into equity.

Azul said that he had received a revised proposal regarding the potential aid that was currently being revised. Gol refused to comment on this issue. BNDES and Latam did not immediately comment on this issue.

Bloomberg reported earlier on Wednesday the number of rescue plans. ($ 1 = 5.8852 reais) (Reporting by Carolina Mandl and Marcelo Rochabrum; Editing by Lincoln Feast.)

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