Latest Brazil News
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Brazils OSX Cuts Workforce Amid Broader Reorganization
SAO PAULO - Brazilian naval construction OSX Brasil SA, controlled by billionaire Eike Batista, has laid off more than 300 employees as part of a broader reorganization plan to reduce spending and focus on hard orders. OSX scaled back construction of its shipyard in the port of Acu, and will only continue with plans if new orders materialize. In a statement, OSX said it has around 260 employees ...
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Amazon Gastronomic Forum in Bolivia Recommends Eating Insects
La Paz, May 22 (Prensa Latina) A group of experts recommended today the addition of insect to the cuisine of Bolivia, because according to them these have a high nutritional value and can contribute to food security policy. Specialists met in this capital in the Amazon Gastronomic Forum, called for breaking barriers for the incorporation of these species in the local diet. "In Bolivia, ...
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Aker Solutions to double subsea manufacturing capacity in Brazil
22 May 2013 - Aker Solutions today laid the foundation stone of a new plant in Paran that will double the company`s subsea production capacity in ...
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DealBook Despite Risks Brazil Courts the Millisecond Investor
The stock exchange in So Paulo, Brazil, is the largest in South America. SO PAULO, Brazil — At a time when the mere phrase "high-frequency trading" makes some investors queasy, Brazil's stock exchange is putting out the digital welcome mat. In recent years, the BM&F Bovespa stock exchange in So Paulo has taken steps to make its market more friendly to high-speed ...
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Brazil Freezes $13.7 Billion From Budget to Meet Fiscal Goal
Brazil's government has frozen 28 billion reais ($13.7 billion) in its 2013 budget as it tries to meet its primary surplus target, Finance ...
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Merkel and Brazil’s Rousseff the most powerful women in the world according to Forbes
German Chancellor Angela Merkel topped Forbes's list of the world's most powerful women for the third consecutive year, followed by Brazil's Dilma Rousseff, the magazine said on Wednesday. Cristina Fernandez from Argentina dropped ten places and now stands in position ...
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El Salvador president meets pope amid Romero hopes
VATICAN CITY -; El Salvador's president meets with Pope Francis on Thursday amid mounting indications that the stars have finally aligned to move slain Archbishop Oscar Romero onto the first key stage on the path toward possible ...
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Brazil Faces Budget Dilemma in Face of Stagflation
Brazil’s government faces an intractable budget dilemma this year–how to meet surplus targets against a background of stalled growth and persistent inflation. The government Wednesday complied with an annual budget ritual, temporarily freezing a portion of 2013 spending in order to meet surplus targets. But the spending freeze could undermine the tender buds of nascent economic ...
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Seven Seas Water names South American HQ president
Claudio Baldovino has been named the new president for the South American headquarters of Seven Seas Water Corp. He previously was a partner and director of private equity for Buena Vista Capital, a private investment firm in Santiago, according to a statement. Baldovino has also worked for Rothschild Group in London, Buenos Aires, Lima and New York, the statement said. Adding Baldovino to the ...
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Hyundai to boost Brazil output with new shift -union
Wed May 22, 2013 12:58pm EDT * Carmaker reaches deal for third shift in Piracicaba * HB20 subcompact boosts Hyundai to fifth in Brazil SAO PAULO May 22 (Reuters) - South Korean automaker Hyundai Motor Co and workers in Brazil have agreed to boost output at a factory to keep up with growing demand for its vehicles, the leader of the local metalworkers' union said on Wednesday. The agreement, ...
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Brazil Plans to Auction 6900 Megawatts of Wind-Farm Power Lines
Brazil will auction by December contracts to build power lines connecting as much as 6,900 megawatts of planned wind farms in an effort to ensure the turbines will be able to send electricity to the grid once they're installed. The transmission lines will link 1,200 megawatts of planned projects in the state of Ceara, 1,500 megawatts ...
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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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Harper’s South America trip complicated by Senate expenses scandal
The Senate expenses scandal is turning Prime Minister Stephen Harper's visit to South America into an awkward communications exercise.Harper's officials have indicated that the prime minister will finally take questions early this afternoon on the Prime Minister's Office involvement in reimbursing Senator Mike Duffy $90,000 for improper housing expense claims. But Harper will be ...
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Court finds pair guilty of murder of Brazilian man in Kerry
Two men have been found guilty of murdering a Brazilian man and dumping his body in a north Kerry bog.The body of Bruno Lemes De Sousa was discovered in Shronowen Bog outside Listowel on March 11, 2012.Twenty-year-old John Paul Cawley and 29-year-old Wenio Rodriguez Da Silva - both with an address at 2 Ardoughter Ballyduff - were accused of murdering 28-year-old Bruno Lemes De Sousa, between ...
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OAS to Hold Workshop for Central America and the Dominican Republic on Participation and Access to Information for Sustainable Development in El Salvador
OAS to Hold Workshop for Central America and the Dominican Republic on Participation and Access to Information for Sustainable Development in El Salvador May 22, 2013 The Organization of American States (OAS) will hold, on Thursday, May 23, in San Salvador, the first Regional Workshop on "Mechanisms of Participation and Access to Information for Sustainable Development" for the ...
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Brazils Neymar set to become latest attraction in Europe
Helio Suenaga/STR/Getty Images SAO PAULO (AP) -- Everywhere you look and everywhere you go, there appears to be some sort of reference about Neymar. It might be in one of the dozens of television commercials or on billboards by sponsors that make him by far the best paid athlete in Brazil. Or in his appearance in the popular soap opera that puts him inside the homes of tens of ...
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Brazil’s Swap Rates Decline as Inflation Slows Real Advances
Brazil 's swap rates fell for the first time in seven days after a report showed inflation slowed, spurring speculation that policy makers will limit increases in borrowing costs. Swap rates on the contract due in January dropped five basis points, or 0.05 percentage point, to 8.08 percent at 10:16 a.m. ...
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PH Brazil forge air agreement to mount flights
Daily flights between the Philippines and Brazil, South America's largest country, may start soon following the approval of new air rights between the two countries this week. Under the new air agreement between the Philippine and Brazilian governments, a total of seven flights a week may be mounted between Manila and any point in Brazil. The agreement also allows an unlimited number of ...
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STXNEWS LATAM-Nau rates Brazils Ita buy Bradesco fair value
Wed May 22, 2013 9:41am EDT Analysts at Nau Securities led by Iigo Vega initiated on Wednesday coverage of Brazilian private-sector banks Ita Unibanco Holding SA and Banco Bradesco SA. Vega and his team rated shares of Ita "buy" with a price target of 40 reais; the rating on Bradesco is "fair value" at a target of 38 reais. In the case of Ita, Vega said that while the bank, ...
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Coty Inc. And Frajo Announce A New Joint Venture In Brazil
NEW YORK, May 22, 2013 /PRNewswire/ -- Coty Inc., an emerging leader in global beauty, is pleased to announce that it will form a joint venture in Brazil with Frajo Internacional, a leading Brazilian cosmetics distributor. The new venture will distribute and market Coty mass/masstige brands in the retail ...
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STXNEWS LATAM-Brazil stock ratings price targets for Wednesday
Wed May 22, 2013 9:01am EDT The following is a list of price target and rating activity for Brazilian stocks on Wednesday: 1) JPMorgan Securities analyst Ken Worthington raised the price target for shares of Brazilian financial bourse operator BM&FBovespa SA to 16 reais from 14 reais, citing "higher valuations that global exchanges are again commanding in the market place on what we believe ...
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ON Telecom picks Aircom for LTE design optimisation in Brazil
Aircom International, a leading independent software and solutions provider for improved network performance, has inked a contract deal with Brazilian wireless broadband start-up ON Telecom, for the design and optimisation of its new Long Term Evolution (LTE) network. The newcomer intends to leverage ...
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Brazil consumer prices rise 0.46 pct in month to mid-May
SAO PAULO, May 22 (Reuters) - Brazil's benchmark IPCA inflation index rose 0.46 percent in the month to mid-May, slightly below the median of analysts' forecasts, government statistics agency IBGE said on Wednesday. The index had been expected to rise 0.49 percent in the period, according to the median forecast of 26 analysts surveyed by Reuters. Estimates ranged from 0.38 percent to ...
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Is South America’s latest strongman a woman
LIMA, Peru - High heels and mascara may be the last things that spring to mind when talking about Latin America’s pantheon of authoritarian strongmen. Yet for her opponents, the latest controversial move of Argentina’s immaculately made-up president, Cristina Fernandez de Kirchner, has cemented her place in the region’s ...
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SkyWest buys 40 jets from Brazil
(34 mins ago) Brazilian aircraft maker Embraer on Tuesday announced the sale of 40 E-175 jets to U.S. carrier SkyWest. SkyWest will operate the aircraft under a Capacity Purchase Agreement with United Airlines, Xinhua news agency reports. According to Embraer, before the sale of 40 E-175 jets, the company has made contracts with United Airlines for 30 E-175 jets last month. In addition to ...
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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