Tag: Brazil

• Thursday, August 6th 2015 - 08:27 UTC

  Brazil's top prosecutor backed by peers for another term, but he needs Senate confirmation

  

  Brazil's top prosecutor, who has put dozens of politicians under investigation for allegedly taking bribes in the Petrobras corruption scandal, has won the backing of his peers to stay on the job for two more years.

• Thursday, August 6th 2015 - 03:47 UTC

  Rio 2016: The greatest sport festivity in the heart of Brazil

  

  By Dilma Rousseff (*) - We are still one year away from it, but Brazil's heart is already beating faster.The generous Brazilian heart leaps up when confronted with two of its passions -- welcoming people from all over the world and competing with enthusiasm and fair play in a superb sport performance.

• Wednesday, August 5th 2015 - 10:27 UTC

  BG announces first oil with FPSO vessel, 240kms off Rio de Janeiro coast

  

  BG Group announced first oil from the Cidade de Itaguaí floating, production, storage and offloading (FPSO) vessel, the sixth unit to start production across the group's discoveries in the Santos Basin, offshore Brazil. The FPSO will produce from the Iracema North area of the Lula field in the Petrobras-operated BM-S-11 block.

• Wednesday, August 5th 2015 - 08:36 UTC

  Milestone for Peregrino field off Brazil: 100 million barrels of oil in four years

  

  After just four years in production, the Peregrino field in the Campos basin offshore Brazil has passed a significant milestone, with 100 million barrels of oil produced since April 2011. The field, jointly owned by Statoil and Chinese Sinochem, achieved the milestone on August 2.

• Wednesday, August 5th 2015 - 07:08 UTC

  “Shoot first, ask questions later”, the Rio do Janeiro military police procedure

  

  Military police in Rio de Janeiro who seem to follow a “shoot first, ask questions later” strategy are contributing to a soaring homicide rate but are rarely investigated and brought to justice, Amnesty International said on Monday as it published exclusive statistics and analysis ahead of the one-year countdown to the 2016 Rio Olympic Games.

• Tuesday, August 4th 2015 - 09:27 UTC

  Bradesco buys HSBC operations in Brazil for 5.2bn dollars

  

  Brazil's Banco Bradesco SA agreed to buy HSBC Holdings Plc's Brazilian unit for a surprisingly high 17.6 billion reais ($5.2 billion), narrowing the gap with larger rivals while boosting its base of affluent customers in Latin America's largest economy.

• Monday, August 3rd 2015 - 09:40 UTC

  Brazilian currency at its weakest against the US dollar since March 2003

  

  The Brazilian currency Real lost 1% at the end of trading on Friday and begins this week at 3.42 Reais to the US dollar, the lowest in twelve years, because of the political and economic uncertainties surrounding Latin America's largest economy.

• Saturday, August 1st 2015 - 09:55 UTC

  Brazil reports its worst half year primary deficit since 1997

  

  The Brazilian government registered a primary deficit of $470 million (1.6 billion Real) in the first half of 2015, according to figures from the National Treasury release on Thursday, O Globo newspaper reported. The deficit is the worst result since 1997. In the same period last year, the government recorded a surplus of $5 billion (17 billion real).

• Thursday, July 30th 2015 - 09:39 UTC

  Brazil's agriculture minister optimistic about a Mercosur/EU trade accord by end of the year

  

  Brazil' minister of agriculture Katia Abreu said she was very optimistic about Mercosur reaching a trade agreement with the European Union, and if there are problems look to Europe, because Mercosur members have almost agreed and finished their proposal.

• Wednesday, July 29th 2015 - 06:12 UTC

  “Operation radioactivity” unveils corruption in Brazil's Electrobras

  

  Brazilian police on Tuesday arrested two executives involved in building a nuclear power plant for Eletrobras, pulling the state-run utility into a corruption scandal that has engulfed government-owned oil company Petrobras.