Brazil

Brazil
Friday, July 11th 2014 - 06:36 UTC

Brazil's next government will have to implement a tough fiscal tightening, says Fitch

Brazil's finances deteriorated greatly under Rousseff, who granted billions of dollars in tax benefits to key industries.

Fitch Ratings on Thursday reaffirmed Brazil's “BBB” credit rating with a stable outlook, but added it expects the next government to control spending in order to avoid additional fiscal deterioration that could trigger a downgrade.

Friday, July 11th 2014 - 05:53 UTC

UK businessman associated with FIFA and accused of ticket scalping is on the run

Raymond Whelan fled the luxurious Copacabana Palace Hotel after a judge ordered him and 10 other suspects to be held in detention

An executive from the World Cup’s hospitality services firm escaped out the back door of his plush Rio de Janeiro hotel Thursday to avoid arrest on charges of illegally selling tickets, police said.

Friday, July 11th 2014 - 05:44 UTC

Neymar wants Argentina and his friend Messi and Marchesaono to win the World Cup

“I always said I wanted Argentina to get to the final because Brazil would be there but it never worked out like that,” Neymar told reporters.

Brazil forward Neymar has done the unpredictable once again by revealing he will support Brazil's biggest rivals Argentina in Sunday's World Cup final against Germany.

Wednesday, July 9th 2014 - 07:16 UTC

Brazil's KO becomes open question for Dilma's re-election and social unrest

TV commentators talked of the “Mineirazo,” after the Mineirao Stadium, with the sports website globoesporte.com calling the defeat the “Shame of Shames.”

Brazilians cried, cursed their president and covered their faces in shame after their beloved football team's humiliating 7-1 thrashing by Germany in the World Cup semi-finals Tuesday. President Dilma Rousseff twitted how sad she was with defeat but called on Brazilians “we won't let ourselves stay down”.

Tuesday, July 8th 2014 - 07:44 UTC

World Cup cleared of doping after more than 1.000 negative tests

“We have not found any prohibitive substances... either prior or during competition,” Dvorak said.

Every player tested for drugs at the World Cup in Brazil has been cleared of doping after more than 1,000 tests came back negative, FIFA's medical committee announced on Monday.

Tuesday, July 8th 2014 - 07:35 UTC

FIFA will take no disciplinary action against player who injured Neymar

 The foul of Zuñiga which left Brazil without its main star and scorer

FIFA will not take action against the Colombia player who injured Neymar and ended the Brazil star's World Cup. FIFA said its disciplinary panel “cannot consider this matter” under the rules because the match referee saw the challenge by Camilo Zuniga and judged it at the time.

Tuesday, July 8th 2014 - 07:01 UTC

FIFA hospitality's provider arrested over World Cup tickets scalping

Raymond Whelan, director of Match Hospitality AG, appointed by FIFA, to sell hospitality packages for all World Cup soccer games

Rio do Janeiro state police said Monday they arrested the head of the soccer world governing body's hospitality provider, accusing him of aiding scalpers who illegally resold World Cup tickets worth an estimated 100 million dollars.

Monday, July 7th 2014 - 23:53 UTC

Sao Paulo metro will have 'ladies only' wagons given sexual harassment complaints

Similar legislation has been effective in Rio do Janeiro since 2006

The Sao Paulo Legislative Assembly has approved a bill making it mandatory for regional train and underground companies of have 'pink' wagons, exclusively for ladies at rush hours.

Monday, July 7th 2014 - 06:50 UTC

World Cup tickets resale and investigation becomes major scandal for FIFA

Humberto Grondona son of the Argentine Football Association and FIFA vice-president must present a report

World football governing body FIFA has revealed that the son of Argentina Football Association (AFA) president Julio Grondona, Humberto, must present a report explaining his actions following a scandal over the resale of tickets at the 2014 World Cup.

Friday, July 4th 2014 - 07:39 UTC

Argentine car production and exports fall, impacting on trade with Brazil

Car production in the first half of this year dropped 21.8% compared to the same period a year ago

Argentina's vehicle production reached 50,904 units in June according to the Automobile Factory Association (ADEFA), 19.8% less than the 63,461 units manufactured in the same month of 2013. Taking into account the first 6 months of 2014, production fell 21.8% compared to the same period of 2013.

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