Tag: Brazil

Brazil
Saturday, August 23rd 2014 - 06:50 UTC

Brazil approves port infrastructure works for 1.73bn in Rio and Santos

Santos is one of the country's busiest ports with long queues at times of harvest

Brazil's National Port Authority and Waterways has approved 1.73bn dollars in port infrastructure works to be carried out by three local operators: steelmaker CSN, container terminal operator Santos Brazil and US food and agribusiness firm Archer Daniels Midland Company (ADM).

Friday, August 22nd 2014 - 07:07 UTC

Depressed Brazilian economy becomes focus of presidential campaign

Brazil's central bank autonomy and independence has been questioned by the opposition

With less than two months to the crucial 5 October presidential election, Brazil's Central Bank continued to battle economic turmoil increasing the credit available for commercial loans in the hope of boosting the country’s stagnant growth figures.

Thursday, August 21st 2014 - 06:46 UTC

Environmentalist Marina presidential candidate but with a pro-agribusiness in the ticket

 Silva, a rubber tapper in her youth who was illiterate until adolescence, appeals mostly to young voters disgusted with Brazil's political establishment.

Environmentalist Marina Silva officially has launched a bid for president, upending Brazil's October 5 elections and threatening the ruling Workers' Party's 12-year hold on power. So far a vice-presidential candidate for the Brazilian Socialist Party, Marina accepted the nomination to top the ticket after candidate Eduardo Campos, a former governor and rising political star, was killed in a plane crash last week.

Wednesday, August 20th 2014 - 09:50 UTC

Dilma admits many problems plague Brazil but refuses to talk about corruption in her party

“We have had and still have many problems and challenges to take on in health care,” Rousseff said during the broadcast from the Alvorada Palace

Brazilian President Dilma Rousseff acknowledged “many problems and challenges” still plague the country's woeful heath system but defended her record on the economy and education on a live 15-minute interview on the Globo television network's nightly news.

Monday, August 18th 2014 - 22:55 UTC

Marina exposes Dilma's 'soft belly': polls shows she could beat the president in a run-off

 According to the DataFolha poll, Marina has 21% support ahead of Neves

Environmentalist Marina Silva could unseat incumbent Dilma Rousseff in Brazil's presidential elections in October, a public opinion poll revealed on Monday, reflecting an altered political landscape since Silva's running mate was killed in a plane crash last week.

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.

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).

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