Latest Brazil News
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Emerging market flows update – Brazil=“Have Not”
PLND , quote ) a large underperformer in Global Emerging Markets (GEM) this year is seeing fresh allocation interest.The "have nots" continue to be laggards:Brazil ...
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UPDATE 1-Brazil bank lending slows in April sign of uneven economy
Fri May 24, 2013 10:56am EDT * Growth in bank lending loses momentum on annual basis * Loan delinquencies unchanged in April, yet remain high * Suggests double-speed economy, slow economic recovery By Guillermo Parra-Bernal and Luciana Otoni SAO PAULO/BRASILIA, May 24 (Reuters) - Growth in Brazil's bank lending slowed in April, the latest sign that an expansion in Latin America's largest ...
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Brazil Swap Rates Rise on Sign of U.S. Recovery Real Declines
U.S. economy is rebounding fueled speculation that local policy makers will step up increases in borrowing costs to curb inflation. Swap rates on the contract due in January 2015 rose four basis points, or 0.04 percentage point, to 8.59 percent at 10:15 a.m. ...
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EMERGING MARKETS-Brazil stocks flat as OGX offsets Vale
* Concerns over Chinese economic growth, Fed stimulus weigh * Brazil Bovespa little changed, Mexico IPC falls 0.65 pct By Asher Levine SAO PAULO, May 24 (Reuters) - Brazilian stocks were little changed on Friday as concerns over weak economic growth in China weighed on shares of mining firm Vale, offsetting a gain in oil producer OGX. Mexico's IPC index edged towards its lowest closing level ...
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Fire at Fuel Depot in Rio Kills One Daily
Lucy Jordan By Lucy Jordan, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – A huge fire at a fuel depot on the outskirts of Rio de Janeiro killed a man and injured seven others on Thursday, local media reported. Firefighters were still trying to control the blaze on Friday ...
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Brazil bank lending rises 1.1 pct in April defaults stable
BRASILIA/SAO PAULO | Fri May 24, 2013 9:37am EDT BRASILIA/SAO PAULO May 24 (Reuters) - Outstanding loans in Brazil's banking system grew 1.1 percent in April from March, the central bank said on Friday. Loans in arrears for 90 days or more, an industry benchmark for delinquencies, remained unchanged at 5.5 percent of outstanding loans last month, the bank ...
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STXNEWS LATAM-BofA recommends Brazil property shares on uncertain policy
Fri May 24, 2013 8:52am EDT Investors ought to maintain exposure to Brazilian shares that help them hedge against policy uncertainty and inflation or pay high dividends, analysts at Bank of America Merrill Lynch said on Friday. A basket of so-called defensive stocks in sectors such as utilities and commercial property has outperformed the benchmark Bovespa stock index by 14.5 percent, despite ...
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Ricard Rocha Recife is wonderful
Brazil had suffered their first ever FIFA World Cup(TM) qualifying defeat when going down 2-0 to Bolivia in La Paz and, on 22 August, Parreira's charges were roundly booed at the Morumbi in Sao Paulo, despite a 2-0 win over Ecuador. We are, after all, talking about a nation grown used to footballing success but, at the time, without a FIFA World Cup win since Mexico 1970. "And then, ...
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Brazilian TAM Airlines appoints Claudia Sender as new CEO
Claudia Sender appointed CEO of TAM Airlines The CEO of the holding company - TAM S.A - Marco Antonio Bologna, who had accumulated the position, announced Sender's appointment on 23 May. Sender currently serves as the airline's vice president of the Brazil Domestic Business Unit So Paulo, 24 May 2013 - Claudia Sender, previously vice-president of the Brazil Domestic Business Unit of ...
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Brazils CPFL Renovveis revives IPO plans as market gains steam
SAO PAULO | Fri May 24, 2013 7:20am EDT SAO PAULO May 24 (Reuters) - CPFL Energias Renovveis SA, the alternative energy unit of Brazilian utility CPFL Energia SA , revived plans for an initial public offering, seven months after scrapping them on concern of growing government meddling in the electricity sector. The Sao Paulo-based company said late on Thursday it asked regulators to ...
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Brazil consumer confidence index falls in May - FGV
SAO PAULO | Fri May 24, 2013 7:17am EDT SAO PAULO May 24 (Reuters) - An index that measures consumer confidence in Brazil fell to a reding of 113.4 in May from 113.9 in April, research group Fundao Getulio Vargas said on ...
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Brazil – Labor market continued to lose some of its buoyancy in April
In Brazil, the unemployment rate remained unchanged but real wages continued to moderate due to inflation. At the same time, another tax cut in a key component of CPI was announced (this time on public transport), in line with the trend to use tax cuts to try to contain inflation. In Mexico, headline inflation surprised to the upside, but core inflation remains anchored, supporting our call for ...
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Lessons China and Brazil Can Teach Each Other
"Brazil in essence needs to become more like China, with its investment growth, and China needs to learn from Brazil in how to support consumer spending," said Capital Economics' chief emerging markets economist, Neil Shearing, in a ...
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Fire at giant fuel depot in Brazil leaves one dead amid scene of devastation
Six giant fuel containers at the storage site caught fire, sending giant flames up to 50 meters (165 feet) leaping into the air and columns of thick smoke far into the sky that could be seen miles ...
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Petrobras pays interest on own capital
Petrobras announces that on May 27th, 2013 it will be paying the 2nd installment of remuneration to shareholders related to the 2012 fiscal year. The third and last installment will be paid on August 30th, 2013. Both payments will be made in the form of Interest on Own Capital (IOC), based on the shares held on April 29th, ...
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Petrobras completes drilling and testing well in Transfer of Rights area
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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Petrobras issues US$ 11 billion in Global Notes
The transaction, priced on May 13th, was comprised by fixed rate notes due 2016, 2019, 2023 and 2043 and floating rate notes due 2016 and 2019. The transaction was executed in one day, with a demand of approximately US$ 42 billion as a result of more than 2,000 ...
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Brazil delays mining bill to reach Congress in June
- Brazil's government plans to submit its mining reform bill to Congress in June rather than this month, energy minister Edison Lobao said on Thursday, prolonging a wait that is slowing investment in mineral ...
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South America re-election rash Ecuador’s Correa takes office for the third consecutive time
Ecuadorean president Rafael Correa will be inaugurated on Friday for his third consecutive mandate, something which Venezuela’s Hugo Chavez just managed before his death, and something which Bolivia’s Evo Morales ...
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Brazil’s Rousseff one of the main speakers at the African Union 50 year celebration
Brazilian president Dilma Rousseff will be attending next Saturday in Ethiopia the fiftieth celebration of the African Unions Organization that preceded the African Union, (AU) and will be one of the main speakers on the opening ...
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Argentina and Brazil jointly developing satellites for South Atlantic research
Argentina and Brazil will be launching their first two jointly developed scientific satellites for research along the Atlantic coast in a couple of years, according to Brazil’s Science and Technology minister Antonio ...
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Petrobras will continue to operate in Argentina but may sell some assets
Brazilian state-controlled energy giant Petrobras plans to continue operating in Argentina although it may sell some assets there, CEO Maria da Graças Foster ...
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Drug trafficker in Rio challenge authorities and the pacifying campaign in favelas
Drug traffickers in Rio de Janeiro ordered shops closed in one of its biggest slums, 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 ...
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Brazil to hold oil auction
Rio de Janeiro, May 24 (IANS/EFE) Brazil's first auction of contracts to develop offshore oil and gas reserves in the pre-salt region will be held in October, or earlier than previously scheduled, the government said Thursday. The government's National Council for Energy Policy authorized the change. Rights to develop blocks in the Libra field, which is estimated to hold between 8-12 ...
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Paraguay seizes 25.6 tons of marijuana
Paraguay's anti-drug police on Thursday said they have seized and burned 25.6 tons of marijuana in the eastern department of Alto Parana, local media reported. The police said 20 tons of marijuana were found chopped while 5.6 tons were pressed, according to reports from Asuncion, capital of Paraguay. They also found 12 drug pressers. The operation was held in Itakyry district, 435 km east ...
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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