Tag: Brazil

• Sunday, November 29th 2015 - 09:10 UTC

  South American football association revolving door at full steam

  

  The head of Brazilian football, Marco Polo del Nero, has finally bowed to the pressure and agreed to resign from FIFA's Executive Committee after being a no-show for the last six months amid fears he could be caught up in the burgeoning corruption scandal.

• Friday, November 27th 2015 - 11:07 UTC

  Australia's BHP denies UN report on 'toxic' mine spill from collapsed dam in Brazil

  

  Australian mining giant BHP says mud spilled by the devastating collapse of a dam at a Brazilian mine is not toxic. On Thursday the UN said the dam burst at the Samarco mine unleashed a flood equivalent to “20,000 Olympic swimming pools of toxic mud”.

• Friday, November 27th 2015 - 07:55 UTC

  Brazilian banks follow closely events in Argentina: Dollar at 12 Pesos

  

  Brazilian banks which follow closely events in Argentina and prospects of the new government under president Mauricio Macri, believe the official exchange rate of 9.67 Pesos to the dollar will inevitably have to be devalued, to 12 Pesos by the end of the year, which means a 24% depreciation.

• Thursday, November 26th 2015 - 16:57 UTC

  In a split vote, Brazil's central bank leaves Selic rate unchanged; pressure for an increase

  

  Brazil's central bank kept interest rates on hold for the third straight meeting on Wednesday in a split vote that shows policymakers are uneasy about inflation, a worsening recession which might lead to a raise in rates early in 2016.

• Thursday, November 26th 2015 - 08:23 UTC

  Brazil in shock: a leading senator and billionaire fund manager arrested for obstructing justice

  

  Brazil is in shock following the arrest by police on Wednesday of a senior ruling-party senator and a billionaire investment banker in the intensifying probe of a huge corruption network centered on state oil giant Petrobras.

• Thursday, November 26th 2015 - 08:18 UTC

  Poor report on Rousseff's performance from Brazil's central bank forecast

  

  Analysts expect Brazil's economy to contract by 3.15% this year and 2.01% in 2016, the Central Bank reported. The gross domestic product (GDP) estimate comes from the Boletin Focus, a weekly Central Bank survey of analysts from about 100 private financial institutions on the state of the national economy.

• Wednesday, November 25th 2015 - 08:41 UTC

  A rancher close to Lula da Silva arrested on Petrobras corruption probe

  

  Brazilian authorities working on the country’s huge Petrobras corruption probe arrested Jose Carlos Bumlai, a rancher reportedly close to powerful former president Luiz Inacio Lula da Silva.

• Monday, November 23rd 2015 - 08:42 UTC

  Brazil job losses accelerated during October; 1.4 million in twelve months

  

  Job losses in Brazil accelerated in October to the fastest pace so far this year as the country's political and economic crisis continues to worsen. Brazil's economy lost a net 169,131 payroll jobs in October, the Labor Ministry reported, up from 95,602 layoffs in September.

• Saturday, November 21st 2015 - 08:01 UTC

  Petrobras back to normal activity as splinter union ends 20-day strike

  

  Earlier on Friday a key Petrobras workers union voted to end a 20-day strike that disrupted output. Workers at the Sindipetro Norte Fluminense local, who had ignored the largest oil workers' union FUP's call to end the strike that started on November first, will return to work Friday evening at onshore operations, union spokesman Tezeu Bezerra.

• Friday, November 20th 2015 - 10:16 UTC

  BHP Billiton and Vale face civil lawsuit of US$ 3.69bn over dam collapse in Brazil

  

  A BHP Billiton and Vale joint venture in Brazil is facing its first civil lawsuit over the dam collapse at its iron ore mine on November 5 that buried a town and contaminated the region's main river.