Brazil probes rumour that set off panic run on state bank

The Star - Monday 20th May, 2013

BRASILIA (Reuters) - Brazilian President Dilma Rousseff said on Monday she ordered the Federal Police to investigate the source of a rumour that sent thousands of poor Brazilians running to state bank branches seeking payment of a monthly family stipend. A rumour that payments of the Bolsa Familia program would be ended led crowds to line up over the weekend at branches of the Caixa Economica ...

Bolivia and US Discuss Procedure for Exit of USAID

Prensa Latina - Monday 20th May, 2013

La Paz, May 20 (Prensa Latina) The government of Bolivia and the US Embassy in this South American country will define the procedure for the exit of the US Agency for International Development (Usaid)from Bolivia. That agency was expelled from Bolivia after accusations of conspiracy against the Bolivian government. Bolivian Presidency Minister Juan Ramon Quintana said this diplomatic mission of ...

Sony Entertainment Network Offering Music Unlimited Service In Brazil

Hispanic Business Magazine - Monday 20th May, 2013

Sony Network Entertainment International announced that Music Unlimited, the company's cloud-based digital music subscription service, is now live in Brazil. According to a release, the Music Unlimited service offers on- demand access to a global catalog of over 20 million licensed tracks from all major and many leading independent labels across an array of devices including PlayStation3 ...

Social Madness Meet competitor Giraffas Brazilian Steaks Burgers

Business Journal - Monday 20th May, 2013

Carlos Vanegas, U.S. marketing director for Giraffas Brazilian Steaks & Burgers. Giraffas Brazilian Steaks & Burgers is one of 60 South Florida companies competing in this years Social Madness. U.S. Marketing Director Carlos Vanegas provides insight into the social media strategy for the Miami-based restaurant company. Number of followers: Facebook: 5,641 Twitter: ...

HandM considering production in South America and Africa CEO

The China Post - Monday 20th May, 2013

STOCKHOLM--Swedish fashion giant H&M is considering starting production in South America and Africa, chief executive Karl-Johan Persson told the Financial Times in an interview published on ...

Harper escapes to South America

C News - Monday 20th May, 2013

More allegations of questionable accounting from Duffy as critics step up attack OTTAWA -- Prime Minister Stephen Harper darts off to South America Tuesday as his party and office attempt to put a lid on an explosive Senate firestorm at home. Harper will dodge the direct ire of opposition parties this week, which will demand answers after his chief of staff Nigel Wright resigned and Senators ...

Bolivia Social Movements Take to Streets Rejecting Union Strike

Prensa Latina - Monday 20th May, 2013

La Paz, May 20 (Prensa Latina) Unions and social organizations took the streets today to reject the strike that has kept the country on standby for 15 days. Workers, mainly peasants, women and Aymara alternative groups responded to a call by President Evo Morales last week, when he called for "defending democracy and the change process" as a response to what he considered an attempted ...

Research and Markets Caustic Soda and Potassium Hydroxide Market in Brazil Business Report 2013

General Sources - Monday 20th May, 2013

"Caustic Soda and Potassium Hydroxide Market in Brazil: Business Report 2013" report to their offering. This report is a comprehensive research of woodworking industry in Brazil. The first two chapters of the report feature the country profile by giving general information on Brazil and by thoroughly studying its economic state, (including key macroeconomic indicators ...

Brazilian tourists killed in hot air balloon crash in Cappadocia have been identified.

Turkish Press - Monday 20th May, 2013

Brazilian tourists killed in hot air balloon crash in Cappadocia have been identified. NEVSEHIR - A hot air balloon crashed early morning after colliding in mid-air with another balloon in Turkey`s popular tourist destination of Cappadocia, killing three Brazilian nationals and injuring 22, authorities said.Brazilian tourists killed in hot air balloon crash are Ellem Kohelman (76), Maria Luiza ...

Brazilian Govt Has Created More than 4 Million Jobs since 2011

Prensa Latina - Monday 20th May, 2013

Brasilia, May 20 (Prensa Latina) Brazilian President Dilma Rousseff, stated today that more than four million new formal jobs have been created since 2011, an important step in reducing inequality in the country. More jobs and wage increases are key factors for reducing inequalities in the country, Rousseff stressed today in her weekly radio program, "Coffee with the President." ...

Gerdau adding 40 jobs in Knox County

Knox News - Monday 20th May, 2013

Gerdau Ameristeel has recently become a Department of Energy-certified Energy Champion. The Knoxville plant and another, which recycle scrap metal to make rebar, reduced natural gas useage by 46 percent and energy use overall by 19 percent. Photos for Business Journal shot Monday, Jun. 7, ...

EMERGING MARKETS-Brazil stocks sink following weak earnings

Reuters - Monday 20th May, 2013

* Brazilian companies posted avg 12.3 pct drop in Q1 income * Expiration of share options leaves Bovespa volatile * Brazil Bovespa falls 0.76 pct, Mexico IPC down 0.38 pct By Danielle Assalve SAO PAULO, May 20 (Reuters) - Brazilian stocks dropped on Monday as investors reevaluated their positions in local shares following a disappointing first-quarter earnings season. Mexico's IPC index ...

Brazil Swap Rates Drop as Lower Growth Forecast Real Advances

General Sources - Monday 20th May, 2013

Brazil 's swap rates fell for the first time in a week as analysts surveyed by the central bank lowered their economic growth forecast, fueling speculation policy makers will limit increases of borrowing costs. Swap rates on the contract due in January 2015 dropped two basis points, or 0.02 percentage point, to 8.50 percent at 9:47 a.m. in Sao Paulo. The real appreciated 0.1 percent ...

UBS names Sylvia Coutinho as head of Brazilian unit

Reuters - Monday 20th May, 2013

Mon May 20, 2013 9:36am EDT * UBS stepping up brokerage and advisory efforts * Coutinho held key Latam leadership posts at HSBC * Outgoing UBS Brazil chief Salles to retire SAO PAULO, May 20 (Reuters) - UBS AG on Monday appointed Sylvia Coutinho as chief executive officer for its unit in Brazil, where the bank is stepping up its focus on brokerage and advisory work. Coutinho, who most recently ...

Rumors Spark Brazil Bank Run

CNBC - Monday 20th May, 2013

Rumors that Brazil's social security fund called Bolsa Familia was to be cancelled led thousands of people to rush to withdraw money from a Brazilian bank over the weekend. Customers lined up at ATMs at dozens of bank branches of Caixa Economica Federal, a government-owned bank, which pays the social security subsidy on Saturday and Sunday. "The bank branches themselves aren't ...

RPT-Fitch Brazilian consumer credit expected to expand

Reuters - Monday 20th May, 2013

Mon May 20, 2013 9:23am EDT (Repeat for Additional Subscribers) May 20 (Reuters) - (The following statement was released by the rating agency) Consumption by Brazilian consumers will continue to expand and further increase the demand for credit in 2013 and 2014. However, this is contingent upon the resumption of sustainable economic growth, according to a new Fitch Ratings ...

Brazil Economists Forecast 2013 Growth Below 3 for First Time

General Sources - Monday 20th May, 2013

Brazil 's economy will grow below 3 percent in 2013, economists predicted for the first time in a central bank survey of about 100 analysts published ...

Ibovespa Futures Decline as Brazil Manufacturing Forecast Cut

General Sources - Monday 20th May, 2013

Cielo SA (CIEL3) may be active after Banco Itau BBA SA lowered its recommendation to the equivalent of hold. Ibovespa futures contracts expiring in June lost 0.1 percent to 55,000 at 9:09 a.m. ...

Hot-air balloons collide in Turkey 1 killed 24 injured

Middle East Times - Monday 20th May, 2013

Two hot air balloons collided and one crashed in the Cappadocia region of Turkey Monday, killing a Brazilian tourist and injuring 24 others, officials said. Officials said the balloons struck each other, then one fell the ground near the Ortahisar area of Urgup, Hurriyet Daily News reported. Cappadocia is a tourist destination in the central Turkish province of Nevsehir. Nevsehir Mayor Hasan ...

Brazils da Silva wins Zambia Golf Open title

Global Times - Monday 20th May, 2013

Brazilian Adilson da Silva claimed the Zambia Golf Open title with an overall 11-under-par score to become only the sixth golfer in the history of the championship to win the crown twice, the Times of Zambia reported on Monday.The Brazilian, winner of the Zambia Open in 2010, scored a modest 73-par but this was enough to win the title by one stroke after his two main competitors faltered as they ...

Brazil Minerals Inc. Reports First Quarter 2013 Financial Results

General Sources - Monday 20th May, 2013

)("Brazil Minerals" or "BMIX"), a diamond and gold producer with resources and assets in Brazil, reported its financial results for three months ended March 31, 2013 in its form 10-Q, filed with the SEC on May 14, 2013. A summary of BMIX's financial performance and business updates ...

UBS Appoints Sylvia Brasil Coutinho as CEO of UBS Group Brazil

General Sources - Monday 20th May, 2013

, 2013. She will be responsible for further strengthening the firm's presence in Brazil and overseeing the firm's strategy to deliver its integrated resources - including UBS Brasil Corretora, former Link Investimentos - to its private, corporate and institutional clients in the country. Current UBS Group Brazil CEO Lywal Salles will retire. In this move, Coutinho will become ...