Latest Brazil News
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Report calls for diversification in Latin American economic ties
/enpproperty--> China should diversify its economic relationship with Latin America and the Caribbean and drop its previous model of relying more on trade, according to a "yellow book" by the Chinese Academy of Social Sciences released on Thursday. Cooperation with the region would not only boost trade but also promote more investment and financial ties, said the Annual ...
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Brazil Raises FGC Bank Deposit Guarantee Coverage to BRL250000
Brazil's National Monetary Council authorized on Thursday an increase of the coverage of the country's FGC bank deposit guarantee fund to provide greater protection to depositors and align the country's policies with deposit guarantee practices abroad, the council said.The move had previously been approved at a board meeting of institutions participating in the FGC fund, which is ...
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Fitch Revisa Calificaciones de Entidades Financieras Estatales de El Salvador
Lack of Stringent U.S. CMBS Underwriting Could Affect REITs Changes in the availability, pricing, and underwriting stringency of U.S. CMBS financing could affect REITs directly and indirectly, according to Fitch Ratings. In addition, a boom-or-bust cycle for CMBS loan performance would negatively affect REITs that regularly access the CMBS ...
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Brazil to open huge oil field to auction
View Photo Aerial view of Ipanema beach in Rio de Janeiro, Brazil, on April 11, 2013. Brazil on Thursday said it will auction concessions to drill and explore an offshore oil field believed to hold up to 12 billion barrels of crude, the country's largest find. Libra, discovered in 2010, is within the vast Santos Basin, located some 180 kilometers off the coast of Rio de ...
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Brazilian police arrest 9 for abusing Indian girls
Brazil's Federal Police said on Thursday that nine people have been arrested on suspicion of sexually abusing Indians girls in the northern state of ...
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Lawyer who defended former Italian militant Battisti appointed to Brazils Supreme Court
BRASILIA, Brazil - The lawyer who successfully defended former Italian militant Cesare Battisti against extradition has been named to Brazil's Supreme Court. President Dilma Rousseff appointed Luis Roberto Barroso to the high court on Thursday. Barroso represented Battisti in 2011 when the Supreme Court convened to decide whether to extradite him to Italy to be tried for four political ...
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Police in Brazil arrest 7 men 2 women on suspicion of sexually abusing indigenous girls
SAO PAULO - Brazil's Federal Police say nine people have been arrested on suspicion of sexually abusing Indians girls in the northern state of Amazonas. The force says two women and seven men in the city of Sao Gabriel da Cachoeira are in custody for the alleged sexual exploitation and abuse of Indian girls between the ages of 11 and 15. Federal police inspector Fabio Pessoa says ...
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Brazil drug traffickers fight back order curfew in Rio slums
- Drug traffickers in Rio de Janeiro ordered shops closed in one of its biggest slums early Thursday, defying efforts to restore order to the city's vast shantytowns and renewing safety concerns in Brazil as it prepares to host the World Cup and Olympics. Shops were shuttered and more than 5,400 children were turned away from school Thursday morning after traffickers, shouting from ...
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Dominican Republic Latin American leader in Asia trade
Miami.-The Dominican Republic is among Latin America's fastest growing trade partners of China and South Korea, according to an analysis by online publication Latinvex based on figures from the International Monetary Fund and the Korean government. Dominican Republic exports to China last year grew 40.8 percent to $411 million. That was the fifth-highest increase in Latin America. Total ...
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Brazil freezes budget outlays in an effort to meet its primary surplus target
Brazil has frozen 28 billion Reais (approx 13.7 billion dollars) in its 2013 budget as it tries to meet its primary surplus target, Finance Minister Guido Mantega said on Thursday in Brasilia. President Dilma Rousseff’s administration is trying to meet targeted primary surplus goal of 155.9 billion Reais without undermining economic ...
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Brazils ANP Libra Holds 8-12B Barrels of Recoverable Oil
, the director of the National Petroleum Agency, or ANP, said Thursday. Dubbed Libra, the prospect is "singular" and is larger than the Lula field that started Brazil's pre-salt craze when announced in 2007, ANP's Magda Chambriard said. "These estimates are the most recent" after three-dimensional seismic data was received recently by the ANP, Ms. Chambriard said. ...
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Brazil Finance Minister Announces Budget Cuts
Share/Bookmark Brazilian Finance Minister Guido Mantega announced yesterday that the country will cut 28bn reales (US$13.7 bn) in spending for this year's budget, mainly due to slower economic growth than ...
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Latin America Amnesty Releases Annual Human Rights Report
annual report for 2013 , in which it highlights the main issues affecting human rights globally and in Latin America. The 2013 report focused much of its attention on the plight of migrants and refugees, and in this context the organisationurged the US government to reconsider its immigration laws as hundreds of Latin American citizens risk their lives every year in illegal border ...
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Brazil - Brazilian court upholds ban on development protestor
ARTICLE 19 is disappointed with the decision of a court in Sao Paulo to uphold a ban against a protester who has been campaigning against a property development in the city. The Court of Justice in the State of So Paulo has approved an injunction against the engineer and community activist Ricardo Fraga Oliveira, founder of the Movement for the Other Side of the Wall campaign.Fraga, who is a ...
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President Carlos Mauricio Funes of El Salvador Visits Pope Francis
Pope Francis met this morning with Carlos Mauricio Funes Cartagena, President of El Salvador at the Apostolic Palace today. Shortly after his meeting with the Holy Father, President Funes met with Cardinal Tarcisio Bertone, the Vatican Secretary of State, who was accompanied by Archbishop Dominique Mamberti, Secretary for Relations with ...
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Massive fuel-depot fire breaks out in Brazil
RIO DE JANEIRO -; A massive fire broke out Thursday at a fuel depot on the northern outskirts of Rio de Janeiro, sending bright orange flames leaping high into the air and thick black smoking rolling upward and enveloping the ...
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Brazilian girls bid to sell virginity now turns into reality TV series
Washington, May 23 : Australian filmmaker Justin Sisely, who controversially filmed 'Virgins Wanted,' a documentary where a man and a woman auctioned off their virginity, has transformed the film into a reality ...
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Brazils ViaVarejo CEO quits cites Po de Acar meddling-letter
SAO PAULO | Thu May 23, 2013 12:22pm EDT SAO PAULO May 23 (Reuters) - The former chief executive of Brazilian appliance and furniture retailer ViaVarejo said on Thursday he quit because of strategic differences with executives of the controlling Grupo Po de Acar, according to his resignation letter that Reuters obtained. Antonio Ramatis Rodrigues took the helm at ViaVarejo just six ...
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Brazil Limits First Pre-Salt Oil Auction to Libra Field
Brazil 's first auction for the so-called pre-salt region that holds the country's largest discoveries will be limited to one field, the ...
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Brazil oil prospect Libra has up to 42 bln barrels of oil -ANP
RIO DE JANEIRO | Thu May 23, 2013 11:40am EDT RIO DE JANEIRO May 23 (Reuters) - Brazil's Libra prospect in the subsalt area that will be auctioned in the second half of October has between 26 billion and 42 billion barrels of in-place oil, Magda Chambriard, director of the ANP oil agency said on Thursday. "This is really different; it's very big," she said of a column ...
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Brazilian Tennist Player Pereira in Roland Garros Qualifying
Paris, May 23 (Prensa Latina) Brzilian tennis player Teliana Pereira advanced today to the third stage of the Roland Garros' qualifying, defeating Canadian Stephanie Dubois by a double 6-3. The also Brazilian Joao Souza, ninth, was eliminated on Thursday at the sam stage, after losing with the Spanish Pablo Carreno-Busta, with partial 1-6, 6-2, 1-6. Two other Latin American, Ecuadorian ...
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Brazilian Paralympic Committee sign agreement to develop winter sport ahead of Sochi 2014
Frank Kugler won four Olympics medals in freestyle wrestling, weightlifting and tug of war at St Louis in 1904, making him the only competitor to win a medal in three different sports at the same Games. He claimed a silver medal in the heavyweight category in wrestling, bronze in the two hand lift and all-around dumbbell events in weightlifting and another bronze in the tug of war competition as ...
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Fluminense Draw in Libertadores Daily
Robbie Blakeley By Robbie Blakeley, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Fluminense drew 0-0 with Paraguayan outfit Olimpia in the first leg of ...
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Indie Shop Mother Plots Expansion to Brazil
Independent agency Mother is planning to open its fourth office in Brazil next year and has asked creative Gustavo Sousa to lead the charge. ...
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El Salvador presses pope on Romero beatification
Pope Francis speaks with El Salvador's President Mauricio Funes as they stand in front of a reliquary containing a fragment of the vestment that archbishop Oscar Romero was wearing when he was assassinated, during a private audience at the Vatican Thursday, May 22, 2013. (AP Photo/Alessandro Bianchi, ...
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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