Latest Brazil News
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EMERGING MARKETS-Mexicos stocks near 8-month low Brazil index dips
By Danielle Assalve SAO PAULO, May 21 (Reuters) - Mexico's benchmark stock index sold off for a second consecutive session on Tuesday, on track to close at its worst level in nearly eight months, while Brazilian stocks slipped as investors cautiously awaited guidance on the future of U.S. monetary stimulus. Investors unloaded Mexican shares following weaker-than-expected growth data last ...
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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, ...
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Telefonica MasterCard to launch first mobile money service in Brazil
Online journal MobilePaymentsToday reports that Telefonica (Vivo), the fixed and mobile operator owned by Telefonica of Spain, has established a Brazilian joint venture with MasterCard Worldwide to launch Brazil’s first mobile payment service. Dubbed 'Zuum', the new service will launch in five cities in the state of Sao Paulo and in Belo Horizonte, Minas Gerais. It will be ...
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Credit Crazy Brazil Is Heading forTrouble
Brazil faced a minor bank run over the weekend sparked by false rumors over the country's social security fund, but one analyst told CNBC on Tuesday that the real issue facing the country's banking system is a runaway credit boom. Neal Shearing, chief emerging markets economist at macro-economic research firm Capital Economics told CNBC that the massive increase in credit in Brazil ...
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PMs South America trip turns focus from turmoil to trade
Prime Minister Stephen Harper heads to Peru and then to Colombia for trade talks this week - after he speaks to his caucus about a growing Senate expense scandal that claimed his chief of staff over the weekend. (Adrian Wyld/Canadian ...
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HRT announces drilling of well 1-HRT-11-AM concluded
Premium Members Paying subscribers to OilVoice will benefit from unrestricted access to; » Who's Who database » Company database » Well database » News ...
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Brazil Lagging in Fight against Human Trafficking
RIO DE JANEIRO, May 20 2013 (IPS) - In contravention of international law, in Brazil trafficking in human beings remains invisible and unpunished, which encourages the practice of trafficking for sexual exploitation, forced labour, illegal adoption and the trade in human organs, according to ...
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Biofuels a boon for Brazils rural poor but obstacles remain elsewhere | Paige McClanahan
Brazil , a country that is home to both a sizeable biofuels industry and about 4.1m small-scale family farms. But while some of the country's biofuels policies have fallen short, others have proved a boon to the rural poor. Smallholder farmers have seen their incomes rise thanks to the introduction of more progressive standards and new rules on contract negotiations."The numbers show ...
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Brazil main opposition party elects a new leader and 2014 presidential hopeful
Brazilian opposition unified over the weekend behind Aecio Neves who was elected by a landslide president of the Brazilian Social Democracy Party, PSDB. His naming opens the way for his candidacy to the 2014 presidential election, when President Dilma Rousseff will be bidding for another four ...
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U.S. womens soccer stars to Brazil
When it comes to foreign aid, sending soccer players to Brazil might seem a bit like shipping coals to Newcastle.But when those players are women, the story is different. As part of the State Department’s Empowering Women and Girls Through Sports Initiative, retired U.S. women’s soccer players Julie Foudy and Brandi Chastain (yes, the one who tore off her shirt) are traveling to ...
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Brazilian Jumper Threatens to Retire Before 2016 Olympics
Rio de Janeiro, May 21 (Prensa Latina) The Brazilian jumper Maureen Maggi could end her career before the Olympic Games in Rio de Janeiro-2016 due to inattention, reports O Globo newspaper. Maggi, Olimpic golden medal in Beijing 2008, claimed "a structure behind me" before the appointment of Rio, if not "I retire because it would not be fair to the medal I have and it will be no ...
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Brazilian president denies plan to end subsidy to poor
Brazilian President Dilma Rousseff on Monday strongly denied rumors that the government plans to end an income subsidy program called Bolsa Familia."I want to make it clear that my government's commitment to Bolsa Familia is strong, deep and definitive," Rousseff said at a completion ceremony of an oil tanker platform in northeastern Brazil."We will always guarantee the ...
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Brazil China to cooperate on digitalization of historical archives
Antunes said that Brazil can learn a lot from China when it comes to digital preservation of archives, as China has much more experience on this ...
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Pregnant Salvadoran woman Beatriz seeks life-saving abortion in El Salvador
The pregnant woman has lupus and doctors say her baby has anencephaly, a total or partial absence of the brain and the skull. Source: Quest Newspapers A pregnant, chronically ill Salvadoran woman testified before the Supreme Court to urge the justices to allow her to proceed with an an abortion that could save her life. Abortions are strictly forbidden in El Salvador, where the sentence for ...
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Chinese president to visit three Latin American nations meet Obama in US
Chinese President Xi Jinping will pay state visits to Trinidad and Tobago, Costa Rica and Mexico from May 31 to June 6, and meet with US President Barack Obama in the United States on June 7-8, Foreign Ministry spokesman Qin Gang announced Tuesday.According to Qin, Xi's visits are at the invitation of President of Trinidad and Tobago Anthony Carmona, President of Costa Rica Laura ...
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Former Olympic champion Maggi ponders retirement
Brazil's former Olympic long jump champion Maurren Maggi has conceded her dream of competing at the Rio 2016 Games could be over after failing to qualify for this year's World Championships in Moscow.The 36-year-old managed a best jump of just 5.92 meters to finish in last place during her final World Championship qualifying event in Sao Paulo on Sunday.She blamed a lack of support and ...
Brazil Focus
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Brazil fighting the good fight?
Brazil’s recent victory in a trade dispute with the US, which was resolved through the WTO is a victory, not just for the biggest economy in South America, but also for developing nations around the world, showing that the mechanisms of the WTO can be used to further their interests – although it will take years of fighting and unrelenting effort…
Brazil’s ongoing dispute with the United States over the subsidizing of cotton for producers in the US, looks like it may soon be resolved, as Brazil recently indicated it would hold off on slapping a range of 102 US goods with sanctions, if the US agreed to certain measures put forth by the South American country. Read more
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