Tag: Brazil

Brazil
Wednesday, December 17th 2014 - 13:19 UTC

Brazilian economy remains flat with similar forecast for 2015

Private sector analysts surveyed by the Brazilian Central Bank on a weekly basis, cut their growth forecasts for this year and next year.

Brazil's economy contracted 0.26% in October, ending a three-month growth streak and coming in below analysts' expectations of a 0.30% expansion, reported the Central Bank.

Wednesday, December 17th 2014 - 02:52 UTC

RIO GAMES 2016 Mascots named after girl from Ipanema Musicians

Vinicius and Tom, mascots of the Rio de Janeiro 2016 Olympic and Paralympic Games.

“Vinicius” De Moraes and Antonio Carlos “Tom” Jobim extend bossa nova influence to Olympìc and Paralympic Games symbols respectively.

Wednesday, December 17th 2014 - 00:53 UTC

Brazil's real sinks against US dollar to lowest rate in 10 years

Brazil's currency slips to 2.76 against 1 US dollar

The currency closed at R$ 2.76 per US$ 1 dollar. Domestic politics, international oil prices, US Fed measures and Russian ruble drop to blame.

Tuesday, December 16th 2014 - 22:35 UTC

Antibiotic-proof bug detected in Rio's Olympic waters

Rio de Janeiro to host sailing Olympic Games in polluted waters.

Scientists at the Instituto Oswaldo Cruz find enzyme-producing bacteria that requires bolder therapeutic measures. Flamengo beach unfit for swimming.

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.

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 - 23:03 UTC

Mercosur lacks discipline and has become a 'straitjacket' for trade negotiations

“Mercosur is off the track, it won't be easy to put it back; this is partly because the block left aside the original project of a customs union” said Ms Valls

Mercosur must discipline and return to its origin as a customs union since it has become a 'straitjacket' for negotiations with other regional blocks, according to Lia Valls, foreign trade coordinator at the Brazilian Economics Institute belonging to the prestigious thinktank Getulio Vargas foundation.

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.

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