Latest Brazil News
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Brazil commission says abusers could be tried
BRASILIA, Brazil -; A Truth Commission investigating human rights abuses under the nation's military dictatorship says that those it finds guilty of torture could be brought to ...
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UPDATE 1-Brazil cenbank keeps hawkish tone ahead of rate decision
Tue May 21, 2013 3:52pm EDT BRASILIA May 21 (Reuters) - Brazil's central bank chief Alexandre Tombini said on Tuesday that policymakers will do whatever is necessary to bring down inflation, maintaining a hawkish tone ahead of next week's monetary policy decision. Speaking to lawmakers at a congressional committee, Tombini said fighting inflation is key to bolstering confidence in the ...
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Despite Stumbles a Promising Path for Start-Ups in Brazil
Kevin Efrusy of Accel Partners says he is optimistic about the long-term prospects for start-ups in Brazil. RIO DE JANEIRO – Brazil's Internet start-ups were once the darlings of emerging markets, attracting venture capitalists from around the world. But after two-plus years of growth, the sector is facing tougher times. Numerous young companies, even those with prominent investors, ...
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Brazil Immigration Roadblocks Slow Projects as Costs Rise
power lines across the Amazon jungle ran into an unexpected obstacle last year when Brazil took more than six months to grant visas for 200 specialized Chinese workers. The red tape increased costs and brought delays for the 1,200 kilometers (746 miles) of transmission cables on one of the most important energy projects in the world's second-biggest emerging economy, Gilvan Righetti, human ...
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Brazil Argentina US Have Largest Number Registered for WYD
Groups from the United States comprise the third largest national delegation of pilgrims going to the 28th World Youth Day, this year slated for July 23-28 in Rio de Janeiro, ...
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Fitch Latin American National Oil Companies Constrained by Government Involvement
Accounting Rules May Encourage Short-Term Leases The latest lease-accounting proposals from international and U.S. standard-setters, designed to aid transparency and consistency, may encourage companies to shift to short-term leases or structure agreements as service contracts, Fitch Ratings says. This could mean that fewer leases than originally anticipated will be brought onto the balance ...
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Brazil cenbank mulling derivatives to curb FX volatility-Tombini
BRASILIA | Tue May 21, 2013 3:03pm EDT BRASILIA May 21 (Reuters) - Brazil's central bank could use derivatives to reduce volatility in the foreign exchange market, central bank President Alexandre Tombini said on Tuesday. Speaking to lawmakers at a congressional committee, Tombini also said that while Brazil has taken advantage of the improvement in global liquidity, such ...
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Arena Pernambuco the sixth Brazil 2014 stadium to be handed over
The Arena Pernambuco was unveiled this Monday 20 May with a game of football between some of the workers who helped in its construction, thus making it the sixth 2014 FIFA World Cup™ stadium to be handed ...
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Brazil’s Sudene Approves $234 Million for Northeast Wind Farms
Superintendencia do Desenvolvimento do Nordeste , the regional development agency, approved 299.3 million reais for a complex of five wind projects known as Faisa in the northeastern state of Ceara, Brazil's official gazette said today on ...
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Xi to visit Latin America and the Caribbean
Chinese President Xi Jinping will pay state visits to Trinidad and Tobago, Costa Rica and Mexico from May 31 to June 6, the foreign ministry announced on Tuesday.Hong Lei, foreign ministry spokesperson, told a press briefing on Tuesday that they will be the first state visits to Latin America and the Caribbean by Xi.Hong said Xi's visit to Trinidad and Tobago will be the first visit to an ...
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In Brazil Industry Suffers While Inflation Hits the Roof
Brazil’s battered economy, bruised by uncompetitive manufacturing and an inflation rate that flirts month-by-month with government tolerance levels, may be heading for the dreaded condition known as stagflation. ';I don’t think Brazil is going to reach even 3.0% growth this year, or next,'; ...
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BP Wins Eight Deepwater Exploration Blocks in Brazil Round 11
BP and partners Total, Petrobras and Petrogal were yesterday named winning bidders for eight deepwater blocks offshore Brazil in the Brazilian National Petroleum Agency’s (ANP’s) 11th bid round. BP will be operator in two of the ...
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Rousseff has support to raise Brazil mine royalty - Governor
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Brazil World Cup venue Arena Pernambuco officially open - video
Recife's Arena Pernambuco is inaugurated on Monday, becoming the last of the six Confederations Cup venues to receive a test event. With a capacity of 46,000, the Arena Pernambuco is set to stage three Confederations Cup fixtures and five more during the 2014 World Cup. Wednesday's match between Brazilian side Nautico and Portugal's Sporting Lisbon will be the first to be open to ...
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H.B. Fuller buys Brazilian partner
H.B. Fuller Company logo. Vadnais Heights-based H.B. Fuller has acquired Brazilian adhesives company Plexbond Quimica in efforts to expand distribution in the South American market. Terms were not disclosed. Plexbond Quimica, which operates a manufacturing facility in Curitiba, Brazil, had 2012 revenue of around $20 million. H.B. Fuller posted net revenue of $1.9 billion last year. >Read H.B. ...
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Brazil stadium opens despite cost concerns
It imposingly sits like a coliseum rising from heat waves radiating from the flatlands of this arid capital city. The massive, new Estadio Nacional de Brasilia was inaugurated here last weekend. With a seating capacity at over 71,000 and a cost of more than $700m it is also one of the largest and costliest stadiums ever built in Brazil. The stadium is the fifth World Cup stadium delivered by ...
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Roberto Azevedos WTO appointment gives Brazil a seat at the top table
Brazil on the international scene. The Brazilian diplomatic corps pulled out all the stops to convince a majority of the 159 member states that their candidate was the right choice. But Azevedo's appointment is also a new departure, this being the first time that a Brazilian has headed one of the key bodies in the postwar Bretton Woods system. The country at last has a seat at the top ...
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Rumor Sparks Mass Withdrawals Daily
Bolsa Famlia anti-poverty program was set to close led to hundreds of thousands of families withdrawing the state benefit over the weekend. Caixa Econmica Federal, the state-run bank that organizes the Bolsa Famlia, said R$152 million (around US$75 million) had been taken in some 900,000 withdrawals, the majority of which had taken place in Brazil's north and northeast regions, as well as ...
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STXNEWS LATAM-Stock rating price target activity in Brazil for Tuesday
Tue May 21, 2013 9:13am EDT The following is a list of price target and rating activity for Brazilian stocks on Tuesday: 1) Goldman Sachs Group analysts led by Carlos Macedo cut the price target in preferred shares of bank giant Ita Unibanco Holding SA to 39.90 reais from 43.90 reais previously. Macedo and his team maintained a "buy" recommendation on the stock. 2) Analysts at Deutsche ...
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STXNEWS LATAM-Brazils Cielo faces regulatory noise ahead analysts say
Tue May 21, 2013 9:09am EDT Analysts at banks including BTG Pactual Group and Bank of America Merrill Lynch expect a decision to make the central bank the watchdog for the merchant acquiring industry. They also expect efforts by lawmakers to curb profits at card payment processors to escalate regulatory-related risks in the industry. A decision by the government to centralize all oversight of ...
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DB Schenker to Manage DAF Trucks Logistics Operation in Brazil
has selected DB Schenker in Brazil as its logistics service provider.The Brazilian arm of the global logistics provider will be responsible for export consolidation, supply chain visibility and import logistics in support of DAF Brazil's new truck assembly plant in Ponta Grossa, in the state of Paran. DB Schenker will be responsible for the door-to-door air and ocean transportation between ...
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Face of Defense Soldiers Cook Up Smiles in El Salvador
By Army Staff Sgt. Ian ShayU.S. Army South SONSONATE, El Salvador, May 21, 2013 Before coming to exercise Beyond the Horizon El Salvador 2013 here, soldiers might have expected to eat only a steady diet of packaged rations for the two-week duration. But fortunately for them, Joint Task Force Jaguar is equipped with Army-trained cooks and a mobile kitchen ...
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Brazil may use accounting gimmick to boost revenue-report
SAO PAULO | Tue May 21, 2013 8:35am EDT SAO PAULO May 21 (Reuters) - The Brazilian government could use an accounting gimmick to boost revenue and meet fiscal targets for this year, O Estado de S. Paulo reported on Tuesday, citing an executive decree. The decree, which was published this week in the government gazette, authorizes the government to bring forward about $15 billion from ...
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Brazil Mobile Subscribers Increased Slightly in April
Brazil's mobile-phone subscriptions in April rose at a slower pace from the prior month, while market leaders gained ground in the period, telecommunications regulator Anatel said late Monday.Total mobile-phone users in Brazil increased to 264.55 million, up 0.19% from March, Anatel said. A total of 500,000 new subscribers were signed, down from 1.01 million in the previous month. In March, ...
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Brazils CSN could see Asian partners exit Namisa unit -report
Tue May 21, 2013 8:06am EDT * Asian partners could exercise put option this July * JFE, Kobe, Posco-led group paid $3.1 bln for stake * CSN declines to comment on Valor report on Namisa SAO PAULO, May 21 (Reuters) - A group of Asian steelmakers that owns 40 percent of Brazilian iron ore producer Namisa could exercise an option to sell their stake to majority shareholder CSN as early as July, ...
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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