Latest Brazil News
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Paraguay ups stakes in electricity row with Brazil Argentina
It began as a Mercosur wrist-rapping of little landlocked Paraguay but an Argentine-Brazilian-Uruguayan diplomatic effort to isolate Asuncion is backfiring with more backlash against the trio from Paraguay's newly legitimized government. Argentina, Brazil and Uruguay mounted international diplomatic sanctions against Paraguay after its Congress jettisoned ...
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Oil majors flock to offshore Brazil
French supermajor Total said it secured awards for 10 new exploration licenses during the latest auction for Brazilian reserves. Total said it will serve as the operator with a 40 percent stake in five blocks in the Foz do Amazonas basin, take on a 25 percent stake in three blocks in the Espirito Santo basin, a 45 percent stake in the Ceara basin and a 50 percent stake in the Barreirinhas ...
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Brazil approves law to modernize ports
SAO PAULO -; Brazil's Congress has approved legislation aimed at modernizing and expanding the country's overcrowded ports and attracting private investments in the ...
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Bolivias Construction of Worlds Largest Cable Car Moving Forward
La Paz, May 17 (Prensa Latina) The construction of the cable car system linking the capital of Bolivia with the outlying city of El Alto, the longest in the world, is more than 60 percent complete, official sources said today. According to the coordinator of the Cable Transport Unit, Cesar Dockweiler, the hardest job, the construction of three lines, is already completed and it is expected that ...
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Real Extends Third Weekly Decline as Brazil Avoids Intervention
Brazil 's real headed for a third week of declines as the central bank refrained from intervening to strengthen the currency as the dollar rallied on speculation ...
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UPDATE 1-Brazils Eletrobras to request govt money by Sept
Fri May 17, 2013 11:41am EDT * Eletrobras to seek payment for transmission investments * Will hold off on concessions that are unprofitable SAO PAULO May 17 (Reuters) - Brazilian state-led electric utility Centrais Eltricas Brasileiras SA, or Eletrobras, will seek by September additional compensation from the government linked to the renewal of transmission concessions, a company executive said ...
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Holy See Releases Popes Schedule for Rio de Janeiro
Pontiff Will Embark on First Apostolic Trip for World Youth DayBy Junno Arocho EstevesVATICAN CITY, May 07, 2013 (Zenit.org) - The Holy See Press Office has released the Holy Father's itinerary for the first international Apostolic visit of his papacy. Pope Francis will begin his journey to Rio de Janeiro, Brazil for the 28th World Youth Day on July 22nd.Upon his arrival to Rio de Janeiro, ...
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Remains of Dictatorships Victims to be Identified in Paraguay
Asuncion, May 17 (Prensa Latina) The arrival yesterday in Paraguay of an Argentine team of experts started a search and identification operation for remains of victims of Alfredo Stroessner's dictatorship (1954-1989). After long insistence by human rights organizations and relatives of the missing, the government has deposited the necessary funds to pay for the services of the group of ...
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Total wins 10 exploration licenses during Brazils 11th Bid Round
Total will be the operator with 40% interest in five blocks situated in the Foz do Amazonas basin (FZA-M-57, FZA-M-86, FZA-M-88, FZA-M-125 and FZA-M-127) and with 45% interest in one block (CE-M-661) in the Ceara ...
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Brazils Vale cuts Mozambique coal export
Moatize, Mozambique - Brazil's Vale has cut the 2013 export target for its Mozambique coal mine by nearly a third, a company official said on Friday, after heavy floods temporarily shut a railway ...
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Petrominerales awarded three blocks in the 11th Bid Round in Brazil
Three reasons to go Premium! 1. Unlock details of over 3,000 companies 2. Have access to 11,000 oil industry people profiles 3. Full address details of over 5000 ...
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Brazil Fast Food Announces First-Quarter 2013 Results
RIO DE JANEIRO--(BUSINESS WIRE)-- Brazil Fast Food Corp. (OTC Markets: BOBS) ("Brazil Fast Food", or the "the Company"), the second largest fast-food restaurant chain in Brazil with 1,049 points of sale, operating under (i) the Bob's brand, (ii) the Yoggi brand, (iii)KFC and Pizza Hut So Paulo as franchisee of Yum! Brands, and (iv) Doggis as master franchisee of ...
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Brazil to use new robots in Confederations Cup
Brazil Photo Press/CON/Getty Images The Brazilian government says some of the security robots bought to improve public safety during the 2014 World Cup will be ready for the Confederations Cup in June. The company iRobot says the 30 robots would be delivered by the end of the year, along with spares and other support gear. The government confirmed Thursday that some will already be ...
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Senate Approves Ports Regulation Bill Daily
Ben Tavener By Ben Tavener, Senior Contributing Reporter SO PAULO, BRAZIL - The Brazilian Senate has approved by a wide majority a bill that changes rules governing how the country's ports are regulated, in a victory for the ruling government, despite last-minute attempts by opposing senators to derail the bill.The bill aims to open state-run ports to more private investment and lift ...
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Brazilians Work More to Pay Tax Load Daily
Contributing Reporter By Lisa Flueckiger, Contributing Reporter RIO DE JANEIRO, BRAZIL – A study by the Inter-American Development Bank (IADB) shows that Brazilian companies need to work more than their counterparts around the world to pay their taxes. A middle-sized company has to work 2,600 hours to be able to afford its contributions to the government, according to data from the ...
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Siemens and Gebr. Pfeiffer Develop New Drive System for Powerful Cement Mill in Brazil
The Siemens Drive Technologies Division has developed a new drive system for a cement mill as part of a joint project with Gebr. Pfeiffer SE, a company with a long and successful tradition in the manufacture of processing systems for the cement, lime, gypsum and ceramics ...
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Brazils Best Buys For Investors
Okay, so it's a nail biter of a market. But investors who like to buy on the lows, have long term horizons of at least two years and believe Brazil is a good place to invest should consider these large cap names, say stock forecasters at ...
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Sudan Dr. Al-Jaz Stands On Progress of Work At New Oil Squares and Welcomes Brazil Investments
Khartoum - The Minister of Oil, Dr. Ahmed Al-Jaz, was informed on implementation of the oil production at the new squares and called on Sudan Energy Company, which is operating at a number of oil production squares in central and northern Sudan, to speed up its efforts to produce oil. Dr. Al-Jaz has appreciated the performance of the Brazilian company which uses modern technology for oil ...
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Petrobras buys the most blocks and offers the biggest signature bonus in the ANP 11th Round
The total invested by Petrobras and its partners in the 11th round was R$ 1,460.9 million, of which R$ 537.9 million came from its own resources and R$ 923 million from ...
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Brazilian prisoners knit their way to freedom
When Raquell Guimaraes, a Brazilian fashion designer was short on staff and needed to boost production for her clothing line, she turned to the inmates at the Ariosvaldo Campos Pires for workers. The idea was launched in 2009. Now 20 prisoners are taking part in the Lotus Flower Project. Guimaraes, a local designer in the State of Minas Gerais, teaches inmates the art of knitting and ...
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Brazilian Chamber of Deputies approves controversial port law
Brazilian Chamber of Deputies Thursday approved a controversial port law called "Ports' Provisory Measure," under which ports will be allowed to open to private sectors.The new regulation, which is aimed at increasing port efficiency, has triggered a heated debate among several parties that support President Dilma Rousseff's government.Opponents argued that the new law, if ...
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Assange warns US communications dominance threatens Latin America’s sovereignty
USA WikiLeaks founder Julian Assange has poignantly stated that the very sovereignty of Latin American and Caribbean nations has been compromised by a reliance on US-based telecommunications. Speaking via videoconference to an audience at Uruguay's University of the Republic, Assange pointed to Latin America's dependency on hardware and traffic handling by the United States as a ...
Rio de Janeiro Digest
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Rio's uphill battle to host the Games
Rio de Janeiro has many aspects, it is the party capital of Brazil, the internationally recognized face of the country, the most visited city in Brazil, the crime capital of South America, a city with some of the highest drug use statistics and, more recently, the host city of the 2016 Summer Olympics. Winning that particular war has not been easy.
Rio de Janeiro, this bustling city of 6 million people (14 million if one includes the greater metro area) is the second largest city in Brazil and is famous for its statue Christ the Redeemer, which sits atop Corcovado Mountain and has looked down upon the city for almost 100 years. It is also famous for the internationally known Carnivale, the city’s samba schools, the fabulous beaches that grace our shoreline and Sugarloaf Mountain with its ancient cable car. Read more
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