Brazil

Brazil
Saturday, August 16th 2014 - 11:59 UTC

Brazil on the ledge of recession as activity drops sharply in June

World Cup football tournament shut down shops and factories across the country

Economic activity in Brazil dropped sharply in June as the World Cup football tournament shut down shops and factories across the country, adding to signs Latin America's largest economy slipped into recession.

Saturday, August 16th 2014 - 11:49 UTC

Plenty of generic Viagra in Brazilian pharmacies as patent expires

Carlos Sanchez has turned EMS Participacoes SA into a pharmaceutical company with revenue of two billion Reais

The day after Pfizer Inc’s patent for Viagra expired in Brazil, Carlos Sanchez flooded pharmacies with his generic erectile dysfunction pills. It was a day his army of lawyers, researchers and marketers had been preparing for more than three years, even winning a bid to move up the patent’s expiration date.

Friday, August 15th 2014 - 02:21 UTC

Last minute decision saved Marina Silva from travelling with Campos

Marina's conservationist advocacy has earned the wrath of Brazil’s agribusiness, but she also appeals to conservative voters with her defense of family values

Environmental activist and politician Marina Silva could have been on the plane that crashed on Wednesday and killed presidential candidate Eduardo Campos and six other occupants.

Wednesday, August 13th 2014 - 22:01 UTC

Campos' successor, Marina Silva represents a stronger challenger for Dilma

From a very poor family of rubber tappers, Marina has been lawmaker, minister and in the 2010 election surprised when she captured 19.5% of the vote

The deceased Brazilian presidential candidate Eduardo Campos, 49, was a former governor of the northeastern state of Pernambuco and belongs to a traditional family from the Brazilian political establishment.

Wednesday, August 13th 2014 - 21:58 UTC

Brazilian presidential candidate dies in air crash; three days national mourning

”All of Brazil is in mourning. We lost a great Brazilian today, Eduardo Campos.(Pic)  We lost a great comrade,” Dilma Rousseff said in a statement

Brazilian presidential candidate Eduardo Campos, a contender to unseat President Dilma Rousseff in October elections, died Wednesday when his campaign jet crashed in the city of Santos, killing all seven people aboard.

Wednesday, August 13th 2014 - 09:30 UTC

Petrobras sells natural gas pipeline operations in Bolivia

Transierra operates Gasbol pipeline, which is the primary path for Petrobras to import about 30 million cubic meters/day of Bolivian gas.

Brazil's Petrobras sold its stake in a Bolivian natural gas pipeline operator, continuing a string of asset sales aimed at generating cash for development of offshore oil fields at home. The Brazilian giant said it sold its 44.5% stake in Transierra to Bolivian state-owned YPFB for 106.7 million dollars.

Wednesday, August 13th 2014 - 07:09 UTC

Brazil admits EU/Mercosur deal stalled because of European concerns about agriculture

“They are reluctant to open their markets for our agriculture, and we also have our own concerns about jeopardizing our industry”, said ambassador Mesquita

Brazil's agricultural competitiveness is a concern to countries and trade blocks negotiating agreements with Brazil, according to ambassador Paulo Estivallet de Mesquita, head of the Economics Department of the country's Ministry of Foreign Relations (MRE).

Tuesday, August 12th 2014 - 06:24 UTC

Petrobras earnings down 20%; subsidized fuels strangling the company

The fuel subsidy, combined with a massive investment budget, has turned Petrobras into the world's most indebted oil major

Second quarter profits for Brazil's Petrobras dropped 20% compared to the same period one year earlier, the state-run oil giant said. Petrobras recorded profits of 4.96 billion Reais (about 2.22 billion dollars) in the quarter, compared to 6.2 billion Reais (nearly 3 billion) for the same period in 2013.

Tuesday, August 12th 2014 - 05:44 UTC

Brazilian government anticipates 6% hike in fuel prices, after October election

President Dilma Rousseff, who is running for re-election on Oct. 5, has kept fuel prices below international levels to curb above-target inflation

Brazilian president Dilma Rousseff admitted on Monday the government could increase domestic fuel prices at refineries by up to 6% after the October presidential election. The increase of 5.5% and 6% is a preliminary calculation and is geared to help prop the finances of the government managed oil and gas giant Petrobras.

Monday, August 11th 2014 - 09:46 UTC

Brazil's Truth Commission looking into foreign companies helping the military regime crackdown on 'subversives'

“It’s proof that these companies conspired to repress their workers,” human rights lawyer who works for the Truth Committee, Rosa Cardoso said

Newly-discovered documents suggest big international companies aided Brazil’s military regime in its war against ‘subversives’ and union activists. Academics and human rights activists have long believed that local and multinational companies helped Brazil’s military regime in their crackdown on “subversives.”

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