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Updated: 19 weeks 1 day ago

Brazil's president names progressive lawyer to Supreme Court

Tue, 04/14/2015 - 1:57pm
President Dilma Rousseff nominated a law professor close to leftist social groups on Tuesday to sit on Brazil's Supreme Court as it begins to investigate dozens of ruling coalition politicians for corruption. If confirmed by the Senate, Luiz Edson Fachin, a civil law expert from Parana state, will take the seat of Joaquim Barbosa, the former chief justice who retired last year after leading ...

Brazil finmin says IMF called for rapid fiscal adjustment

Tue, 04/14/2015 - 10:03am
Brazil's Finance Minister Joaquim Levy said on Tuesday following a meeting with representatives of the International Monetary Fund that the officials had stressed the need to carry out the country's full ...

Brazil police oust squatters from would-be Olympic hotel

Tue, 04/14/2015 - 9:23am
Chaos erupts as Brazil police oust squatters from would-be Olympic hotel.                

Brazil's BNDES says likely to reduce 2015 loan disbursements

Tue, 04/14/2015 - 9:10am
Brazil's state-run development bank BNDES will likely moderate loan disbursements in 2015 as part of recent government efforts to prevent public debt from rising, BNDES President Luciano Coutinho told senators at a hearing on Tuesday. Last week, the bank's head of infrastructure, Nelson Siffert, estimated loan disbursements could reach 170 billion reais ($55.5 billion) in 2015, down from 187.8 ...

IMF sees Brazil recession in 2015, weighing down region

Tue, 04/14/2015 - 8:06am
Brazil's economy will contract by one percent this year, weighing down Latin America as the region struggles to rekindle growth despite low commodity prices, the IMF said Tuesday. Brazil, the world's seventh economy and Latin America's largest, is being hit by inflation, private-sector doldrums and a massive corruption scandal at state oil giant Petrobras, the International Monetary Fund said in ...

Brazil probe of Petrobras seen spurring positive business agenda

Tue, 04/14/2015 - 6:54am
A corruption probe at Brazil's state-run oil company Petrobras is likely to promote less government intervention and more transparency, economists and analysts said on Tuesday. The investigation could, however, also stir more political infighting, extend the scandal to other state companies and even put the brakes on an expected economic recovery next year, said Chris Garman, head of Latin ...

Brazil unlikely to face power rationing this year, executive says

Tue, 04/14/2015 - 5:27am
Brazil is unlikely to face electricity rationing this year as an economic downturn helps reduce consumption and rains replenish hydroelectric reservoirs, a senior power industry executive said. A combination ...

Brazil February retail sales post sharpest drop since 2003

Tue, 04/14/2015 - 2:58am
The latest retail data underscored expectations of an economic recession in Brazil this year as President Dilma Rousseff raises taxes and cuts spending to limit public debt and safeguard the country's investment-grade rating. Furniture and home appliance sales also tumbled 10.4 percent from a year earlier and declined 1.3 percent from January, as borrowing costs rose due to a series of interest ...

Ministry of Health Brazil Deploys Oracle Healthcare Master Person Index to Improve Health Data Interoperability

Tue, 04/14/2015 - 2:00am
Oracle -- The Ministry of Health Brazil deployed Oracle Healthcare Master Person Index running on Oracle engineered systems to advance nationwide e-health initiatives designed to improve care quality while ...

Brazil ETF Reaches a Critical Juncture

Tue, 04/14/2015 - 1:30am
Even with Monday’s modest loss, the previously downtrodden iShares MSCI Brazil Capped ETF (NYSEArca: EWZ) has finished higher in seven of the past 11 trading sessions. EWZ, the largest exchange traded ...

Brazil’s Iron Ore Exports Rose to a 3-Month High in March

Mon, 04/13/2015 - 6:06pm
In 2014, Brazilian iron ore exports accounted for 18% of China’s overseas purchases compared to 19% in 2013.

Fitch Revises Brazil Loan Trust I's Rating Outlook to Negative; Affirms Notes at 'BBBsf'

Mon, 04/13/2015 - 10:17am
Fitch Ratings has affirmed and subsequently revised the Rating Outlook on the following notes assigned to the senior secured pass-through notes issued by Brazil Loan Trust I (the i

Brazil's iPhone investment falls short on promises of jobs, lower prices

Mon, 04/13/2015 - 12:48am
By Brad Haynes ITU, Brazil (Reuters) - The Brazilian iPhone was meant to mark a new era. When Taiwan's Foxconn Technology Group agreed in April 2011 to make Apple products here, President Dilma Rousseff and her advisers promised that up to $12 billion in investments over six years would transform the Brazilian technology sector, putting it on the cutting edge of touch screen development. Foxconn ...

Brazil more than beans as Michelin probes Latino dishes

Sun, 04/12/2015 - 11:18pm
So say the experts from the revered Michelin guide, who have edited their first Brazil edition covering the megacities of Rio de Janeiro and Sao Paulo. The guide reviews 145 restaurants, the first Michelin has ever selected in Latin America. Just one received the accolade of two stars -- chef Alex Atala's D.O.M. in Sao Paulo, known for its use of Amazonian ingredients such as the ants, which ...

Brazil more than beans as Michelin probes Latino dishes

Sun, 04/12/2015 - 11:18pm
So say the experts from the revered Michelin guide, who have edited their first Brazil edition covering the megacities of Rio de Janeiro and Sao Paulo. The guide reviews 145 restaurants, the first Michelin has ever selected in Latin America. Just one received the accolade of two stars -- chef Alex Atala's D.O.M. in Sao Paulo, known for its use of Amazonian ingredients such as the ants, which ...

Insight - Brazil's iPhone investment falls short on promises of jobs, lower prices

Sun, 04/12/2015 - 10:39pm
The Brazilian iPhone was meant to mark a new era.     When Taiwan's Foxconn Technology Group agreed in April 2011 to make Apple products here, President Dilma Rousseff and her advisers promised that up to $12 billion in investments over six years would transform the Brazilian technology sector, putting it on the cutting edge of touch screen development.     Foxconn has created only a small ...

Brazil's iPhone investment falls short on promises

Sun, 04/12/2015 - 8:51pm
ITU, Brazil - The Brazilian iPhone was meant to mark a new era.

Fresh protests across Brazil as hundreds of thousands call for president's impeachment

Sun, 04/12/2015 - 8:27pm
SAO PAULO – Nationwide demonstrations calling for the impeachment of President Dilma Rousseff swept Brazil for the second day in less than a month, though turnout at Sunday's protests appeared down, prompting questions about the future of the movement.

Insight: Brazil's iPhone investment falls short on promises of jobs, lower prices

Sun, 04/12/2015 - 7:08pm
The Brazilian iPhone was meant to mark a new era.     When Taiwan's Foxconn Technology Group agreed in April 2011 to make Apple products here, President Dilma Rousseff and her advisers promised that up to $12 billion in investments over six years would transform the Brazilian technology sector, putting it on the cutting edge of touch screen development.     Foxconn has created only a small ...

Brazil's iPhone investment falls short on promises of jobs, lower prices

Sun, 04/12/2015 - 7:00pm
The Brazilian iPhone was meant to mark a new era. When Taiwan's Foxconn Technology Group agreed in April 2011 to make Apple products here, President Dilma Rousseff and her advisers promised that up to $12 billion in investments over six years would transform the Brazilian technology sector, putting it on the cutting edge of touch screen development. Foxconn has created only a small fraction of ...