Brazil

Brazil
Monday, June 9th 2014 - 21:10 UTC

Clashes in Sao Paulo between striking subway workers and riot police

Demonstrators chanted “There won't be a Cup, there will be a strike!”

Police in Sao Paulo fired tear gas Monday to disperse protesters supporting a subway strike that has unleashed transport chaos three days before the Brazilian mega-city hosts the World Cup kick-off.

Monday, June 9th 2014 - 16:06 UTC

May inflation in Brazil moderates but drought-stricken food prices still impact

However in May food prices, which carry the greatest weighting in the index, showed some signs of easing back from the recent spike

Brazil's monthly consumer prices index slowed in May versus the previous month, but not as much as expected, as the impact of one of the worst droughts in decades in food prices receded only partially. The IPCA rose 0.46% compared with a 0.67% climb in April, the Brazilian Geographic and Statistics Institute, or IBGE, said.

Saturday, June 7th 2014 - 04:58 UTC

Transport chaos in Sao Paulo following second day running of metro strike

Police clashed with protestors at some closes metro stations

Police in Brazil have used tear gas to break up protesters on the second day of a metro strike that has left Sao Paulo's transport in chaos. Nearly half of the stations were closed and there was gridlock on the streets of Brazil's largest city, which will host the opening match of the World Cup next Thursday.

Friday, June 6th 2014 - 08:28 UTC

Argentina will have free national transmission of 64 World Cup matches

Argentina's team is considered among the favorite of the Cup because of the players and 'half-host'

Argentina confirmed on Thursday World Cup nationwide transmission free service both on television and radio. Channel 7, DeporTV and Radio Nacional will be responsible for delivering the service, thus fulfilling President Cristina Fernandez government’s promise of the ”World Cup for the whole country”.

Friday, June 6th 2014 - 08:16 UTC

Argentina announces auto industry accord with Brazil; May sales collapsed 40%

Honda, Volkswagen and GM have halted production or suspended workers for the rest of the month

Argentina agreed to sign a one-year deal with Brazil to regulate vehicle trade between both countries, after a meeting held between Industry Minister Débora Giorgi and her Brazilian counterpart, Mauro Borges. The agreement will be signed on June 11 in Buenos Aires.

Friday, June 6th 2014 - 08:08 UTC

World Cup tickets sold out, disappointing hundreds who queued for hours

Tickets for the June 12 opener between Brazil and Croatia in Sao Paulo were sold out in about an hour

The remaining tickets for the most important World Cup matches were sold out fast on Wednesday, disappointing hundreds of fans who waited in line across Brazil.

Thursday, June 5th 2014 - 07:20 UTC

High inflation and unemployment challenging Brazilian economy in election year

Dilma, Neves and Campos, are the main contenders for October's presidential election

With the World Cup just eight days away, high inflation and unemployment is once again challenging Brazil’s economy, with the impact sure to influence this year’s election campaigns. Investors warned earlier this week that spending promises will undermine the fiscal discipline needed to restore confidence in the country and boost economic growth.

Thursday, June 5th 2014 - 07:15 UTC

Dilma claims FIFA had pledged that stadiums would be built with private funds

The president said she would advise future host countries to “be very careful about the 'responsibility matrix'” they sign with FIFA

As Brazil rushes to finish stadiums and deal with a wave of protests ahead of the June 12 kick-off, president Dilma Rousseff partly blamed FIFA for the spiraling World Cup bill but said the money spent would leave a positive legacy.

Thursday, June 5th 2014 - 06:59 UTC

Sao Paulo metro workers declare an indefinite strike stranding 4.5m commuters

“None of the lines will be operating and stations will remain closed”, said the spokesperson for the 9.700 metro workers union

Sao Paulo metro workers voted Wednesday evening an indefinite strike beginning Thursday following the collapse of salary negotiations.

Thursday, June 5th 2014 - 06:54 UTC

Brazil scales back levies on foreign loans to help prop the national currency

Mantega said the measure was geared to normalize the currency market, not to combat inflation

The government of Brazil is cutting the tax obligations faced by business receiving foreign loans, opening the door to more financing opportunities, while helping address the problem of the falling value of the national currency, Real.

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