Brazil

Brazil
Saturday, December 13th 2014 - 04:37 UTC

Brazil confident since pre-salt oil is profitable 'even at 60 dollars a barrel'

“I don't know of any pre-salt project that cannot resist the 70 dollar or even the 60 dollar mark” said Ms Chambriard

The head of Brazil's National Petroleum Agency, Magda Chambriard said that the country's oil production projects remain 'robust' even as international prices for crude continue to tumble. She underlined that the pre-salt projects of Brazil along ist coast resist prices as low as 60 dollars a barrel.

Friday, December 12th 2014 - 21:07 UTC

US/UK trained Brazil military in torture techniques; British were particularly sophisticated

The CNV says United States trained more than 300 military officers from Brazil at the notorious 'School of the Americas'

Officials from the United States and the United Kingdom spent years teaching members of the Brazilian military how to develop and improve their torture techniques during the country’s two-decade long dictatorship (1964/1985), it was confirmed this week by the National Truth Commission, CNV, report.

Friday, December 12th 2014 - 07:06 UTC

Brazil hikes soybean harvest estimate by 5.3m to 95.8 million tons

Total plantings were estimated at 31.7m hectares, some 370,000 hectares above the mid-point of the range that Conab had estimated

Brazil's commodities bureau, Conab hiked by 5.3 million tons to 95.8 million tons its forecast for the country's soybean crop, reversing the negative trend in harvest forecasts, citing the benefit from rains in some southern areas. The previous estimate for the crop to be harvested early next year was 90.5m tons.

Friday, December 12th 2014 - 06:37 UTC

Miss Bumbum Indianara wants to give respect to the contest by recovering her 'virginity'

Indianara Carvalho, 22, won the bottom beauty contest Miss Bumbum 2014, beating favorite Claudia Alende, also known as the Brazilian 'Megan Fox'

A blonde Brazilian model who shot to fame after she won Miss Bumbum 2014 just as the Kim Kardashian pictures put big backsides back in fashion has had surgery to return her to being a virgin so she can once again enjoy her first time with “someone special”.

Friday, December 12th 2014 - 06:16 UTC

Financial aid from Brazilian government for scandal-hit Petrobras

Petrobras plans to invest some 220 billion dollars over the next five years to develop offshore oil fields, but capital markets could be put off by the scandal

Brazil's government is wrapping up a financing plan for Petrobras aimed at ensuring the scandal-hit state-controlled oil giant can obtain the funding it needs for its massive investment program.

Friday, December 12th 2014 - 06:03 UTC

Brazilian executives from leading companies formally charged for the Petrobras corruption scandal

“These people stole the pride of Brazilians,” Prosecutor-General Rodrigo Janot said at a news conference in the southern city of Curitiba

Brazilian prosecutors formally charged executives from six of the country's largest engineering firms with forming a cartel to funnel kickbacks from state-run oil firm Petrobras to the ruling political party and its allies.

Wednesday, December 10th 2014 - 07:56 UTC

Weaker Latin American currencies against the US dollar next year

Strong dollar and fall in commodities prices will have an impact on the region's currencies

Latin American currencies will lose value against the US dollar in 2015 because of the strong US recovery and lower commodities' prices according to Itau-Unibanco, Brazil's largest private bank which also anticipates a strong fiscal adjustment by President Dilma Rousseff's next administration, in an effort to regain investors' 'confidence'.

Tuesday, December 9th 2014 - 23:08 UTC

Despite Petrobras corruption, Rousseff has strong public opinion support

Seven out of ten Brazilians believe Dilma is partly to blame for the extended corruption in the Petrobras case

Seven out of ten Brazilians believe President Dilma Rousseff has some responsibility in the Petrobras corruption scandal, which involves contractors and politicians, according to a public opinion poll from Datafolha, conducted on Dec. 2 and 3, including 2,896 interviews and published by Folha de Sao Paulo.

Tuesday, December 9th 2014 - 08:26 UTC

The man in charge of fighting corruption in Brazil resigns: “I've done my duty”

“I’ve done my duty. I’ve made my contribution. It’s time to rest,” said Hage marking international Anti-Corruption Day

Comptroller General Jorge Hage, the man in charge of fighting corruption in the Brazilian government, announced his resignation amid a widening graft scandal centered on state-run oil company Petrobras. Hage said he sent President Dilma Rousseff his resignation letter a few weeks ago, after she won re-election for a second term in office.

Monday, December 8th 2014 - 11:12 UTC

Dilma Rousseff after quick transition in Finance given the fiscal deterioration

Levy is expected to take over sometime this week and is currently working from the presidential palace

Brazil's new economic team headed by Joaquim Levy is expected to take office sometime in the next few days after the ruling coalition of President Dilma Rousseff finally managed Congress to approve a loosening of this year's budget targets including the crucial primary budget.

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