Brazil

Brazil
Friday, April 11th 2014 - 12:12 UTC

Footage of live mugging of a woman while being interviewed in Rio do Janeiro

The thief snatches the necklace of the woman complaining to TV Globo about crime

Brazilian TV is showing footage of a woman being robbed while being interviewed on television about crime near Rio de Janeiro’s main train station. The images of the interview conducted Wednesday by TV Globo were posted on its G1 internet news portal and come just a few weeks before the beginning of the World Cup.

Friday, April 11th 2014 - 08:38 UTC

Water rationing round the corner for the metropolis of Sao Paulo, admits major utility

The Cantareira reservoir is at just 12.7% of its capacity, with no rain in sight and 20 million thirsty

The metropolis of Sao Paulo may have to ration water this year if reservoir levels are not replenished, Brazil's largest water and sewage utility said, an increasing possibility as the southeast region heads into its dry season.

Friday, April 11th 2014 - 08:30 UTC

Brazil says there is enough coffee to supply exports and domestic market

Nathan Herszkowicz, executive director of Abic: “We don't want to over-dramatize the situation”

Brazil has enough coffee stocks to supply exports and domestic demand this year even though a severe drought will result in a lower-than-expected harvest, the nation's coffee industry association Abic said on Thursday.

Thursday, April 10th 2014 - 06:28 UTC

Brazil's March inflation marks the steepest increase for the month since 2003

Food and fuel were some of the items with the most influence

Brazil’s rate of inflation in March picked up at the quickest pace in 11 years for that month, challenging the central bank’s plan to stop raising interest rates soon and complicating President Dilma Rousseff chances of re-election.

Wednesday, April 9th 2014 - 06:48 UTC

Osborne launches with Mantega Brazil/UK 'economic and financial dialogue'

Besides Mantega the chancellor also met central bank president Tombini and will visit the Sao Paulo stock exchange on Wednesday

Finance minister Guido Mantega and Chancellor of the Exchequer George Osborne announced on Tuesday in Sao Paulo the launching of the Brazil/UK Economic and Financial Dialogue to strengthen bilateral trade and cooperation, and investment in infrastrucutre, according to a joint release.

Wednesday, April 9th 2014 - 06:37 UTC

Chancellor welcomes insurer’s plans to boost Brazilian activity

Lloyd's, with headquarters in Rio do Janeiro, is Brazil second largest insurer with a 12% market share

Chancellor of the Exchequer George Osborne welcomed the decision by insurer Hiscox to join the Lloyd’s Brazil reinsurance platform during his current trip to Brazil. This will allow Hiscox to grow its Brazilian business, enabling it to talk directly to potential customers and better understand the local market.

Tuesday, April 8th 2014 - 18:17 UTC

Airport chaos anticipated for Brazil's World Cup as terminals remain unfinished

A temporary canvas terminal will be used instead of a planned airport expansion to receive fans in Fortaleza

As if problems with the delayed stadiums was not enough, and with less than 10 weeks until the start of the World Cup, work on crucial new airport terminals has fallen behind in most of the dozen Brazilian host cities, heightening the risk of overcrowding and confusion during the tournament.

Tuesday, April 8th 2014 - 07:38 UTC

UK minister arrives in Brazil to ramp trade with generous export financing

Chancellor of the Exchequer Osborne is scheduled to meet Mantega and Tombini

At the start of a three day trade trip to Brazil, the Chancellor of the Exchequer George Osborne announced the next stage in the UK government’s fundamental overhaul of finance for exporters which should move the UK to the top of the global league for export support.

Tuesday, April 8th 2014 - 00:21 UTC

Rolls-Royce marine facility in Rio to support Brazil's oil industry

The announcement was made by visiting Chancellor of the Exchequer Osborne

Chancellor of the Exchequer George Osborne MP on a three-day visit to Brazil announced on Monday that Rolls-Royce is to build a new £ 22 million Marine facility in Duque de Caxias, Rio de Janeiro.

Tuesday, April 8th 2014 - 00:14 UTC

Brazil will launch massive investment plan next August, two months ahead of election

Rousseff's announcement should help her with her re-election bid

Brazilian President Dilma Rousseff announced that the third stage of an investment plan, Growth Acceleration Program (PAC) will be launched in August, just two months ahead of an October presidential election in which she will seek re-election.

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