Brazil

Brazil
Saturday, May 18th 2013 - 01:11 UTC

UK attends with 28 companies the largest healthcare exhibition in Sao Paulo

The delegation will be headed by Minister Ken Clarke

UK Government Minister Ken Clarke is leading the UK's largest ever Healthcare Technology and Life Sciences delegation to Brazil. Twenty eight companies will travel to Sao Paulo to attend Hospitalar (21 – 24 May), the largest healthcare exhibition in South America, which is expecting to attract around 90,000 visitors – as well as taking part in the trade mission.

Wednesday, May 15th 2013 - 17:24 UTC

Brazilian Finance ministry top official resigns after ten years in office

The true reasons for Barbosa’s departure are not clear

Brazil's Deputy Finance Minister Nelson Barbosa, who helped design some of the government's flagship economic projects, has handed in his resignation for personal reasons and will leave the post in June, the ministry announced on Monday.

Wednesday, May 15th 2013 - 06:50 UTC

BP and Total win exploration rights in virgin waters of Brazil’s Amazon basin

Energy Minister Edison Lobao said sale of exploration rights beating government’s expectations

BP and Total, Europe’s biggest oil companies after Shell, won exploration rights in the Amazon basin as Brazil’s first oil auction in five years attracts a record level of bids. Total, based in Paris, gained exploration access to operate five blocks at the Foz do Amazonas basin in northern Brazil together with partners BP and Petrobras, the oil regulator said on Tuesday.

Tuesday, May 14th 2013 - 23:00 UTC

New WTO chief says it’s time for ‘modulating’ ambition and pushing protectionism back

The Brazilian diplomat officially takes the post from Lamy next September

Brazil’s Roberto Azevedo vowed to revive the deadlocked World Trade Organisation, as he was confirmed this week as the incoming leader of the body which sets the rules for global commerce.

Tuesday, May 14th 2013 - 06:36 UTC

Petrobras completes record bond offering and collects 11 billion dollars

Investors places bids topping 50 billion dollars

Brazil’s state-controlled oil firm Petrobras sold 11 billion dollars of global debt on Monday in the largest-ever bond offering by a Latin American company. The deal was split in six tranches comprised of fixed- and floating-rate debt with maturities ranging from three to 30 years, according to a report from Thomson Reuters.

Monday, May 13th 2013 - 04:08 UTC

German president in Brazil to promote trade and investments

President Gauck in Sao Paulo to mark the start of the Year of Germany in Brazil

German President Joachim Gauck arrived on Sunday to Brazil with economic and trade issues as the centre of his visit. The trip to Sao Paulo marks the start of the Year of Germany in Brazil, which Gauck's predecessor Christian Wulff agreed on with Brazilian President Dilma Rousseff in May 2011.

Saturday, May 11th 2013 - 05:40 UTC

Brazil raises 800million dollars in bond sales: 750m in US and EU; 50m in Asia

Brazilian bonds had a strong demand

Brazil succeeded in selling 50 million US dollars worth of dollar-denominated government bonds in Asian markets on Friday, the Treasury Department announced.

Saturday, May 11th 2013 - 05:39 UTC

FIFA concerned over the construction of World Cup stadiums in Brazil

“The Maracana is okay as long as the surrounding works are finished” warned coach Scolari

FIFA has revealed its concern over the construction of six World Cup stadiums ahead of next year's finals in Brazil. A second test event at Rio's redeveloped Maracana stadium was recently canceled, heightening fears over the readiness of arenas across the country for this summer's Confederations Cup.

Friday, May 10th 2013 - 07:44 UTC

Brazil endorses Maduro and pledged support to develop agriculture and infrastructure

Maduro gave Rousseff a picture of the former Venezuelan leader Hugo Chavez

Venezuelan President Nicolas Maduro got strong backing from regional heavyweight Brazil on a tour of Mercosur allies to cement his legitimacy as political heir to the late Hugo Chavez.

Friday, May 10th 2013 - 06:51 UTC

The Economist: Brazil isn’t growing, so why are Brazilians so happy?

Even when the country as a whole is struggling, most families’ incomes are still rising fast

In the decade after Jim O’Neill of Goldman Sachs coined the acronym “BRICs” in 2001, grouping together four big countries with the potential for sustained growth, the “B”, Brazil, really put itself on the economic map.

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