Brazil

Brazil
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.

Friday, July 4th 2014 - 07:00 UTC

Tragic overpass collapse resurfaces Brazil's World Cup spending controversy

Two people were killed, at least 23 injured and several vehicles crushed by the collapsing tons of concrete

Concerns over Brazil's World Cup preparations took a deadly turn on Thursday after a partially finished highway overpass collapsed on a road below, killing at least two people and wounding at least 23 others in Belo Horizonte, according to state health officials.

Thursday, July 3rd 2014 - 06:40 UTC

Brazilian industry contracts for the third month running in May

Brazilian manufacturing has remained largely unresponsive to a string of more than two dozen government stimulus initiatives

Brazilian industrial output fell for the third straight month in May despite efforts from government to prop manufacturing through stimulus measures. Industrial production in Brazil fell 0.6% in May from April, and 3.2% from the same month a year ago, and 1.6% in the five months of 2014, government statistics agency IBGE said on Wednesday.

Wednesday, July 2nd 2014 - 07:27 UTC

Two decades of the Real, the currency that helped Brazil trust financial stability

The Real was implemented when former president Fernando Cardoso was Finance minister of the Itamar Franco administration

Twenty years ago, first July 1994, after decades of financial turmoil, Brazil introduced its current currency, the Real, marking a turning point in the country's fight against hyperinflation.

Tuesday, July 1st 2014 - 07:41 UTC

Brazil extends tax breaks on car and furniture industries to boost economy

The car factories account for a fifth of Brazil's industrial output and are struggling with excess capacity and plunging consumer confidence.

Brazil will extend a tax break for the car and furniture industries until the end of the year to help boost sales depressed by a slowing economy, the government said on Monday. This measure should also help boost President Dilma Rousseff's bid for re-election next October.

Monday, June 30th 2014 - 06:30 UTC

Argentina, 'a key partner' of Russia says Putin ahead of his Buenos Aires visit

Putin will be at the World Cup final and at the BRICS summit in Fortaleza

As part of a broader South American tour, Russian President Vladimir Putin will be visiting Buenos Aires in July to lay the groundwork for joint projects between Russia and Argentina in the energy sector, including civilian nuclear technologies, military-technological cooperation and machine building.

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