Tag: Brazil

• Tuesday, June 9th 2015 - 08:20 UTC

  Brazil determined to advance Mercosur/EU trade talks in this week's meeting

  

  A top Brazilian minister said that Mercosur must allow member countries to sign trade agreements with third parties and called for the end to the rule which prevents such initiative. Development, Industry and Trade minister Armando Monteiro Neto made the statement during a competitiveness seminar in Rio do Janeiro a couple of days ahead of a crucial meeting in Brussels between Mercosur representatives and the European Union to address an encompassing free trade agreement.

• Thursday, June 4th 2015 - 09:01 UTC

  Brazil's fiscal consolidation insufficient to deal with debt levels, says Moody's

  

  Brazil's debt levels will continue to increase through 2016 and remain high despite the government's fiscal consolidation efforts, potentially weakening the sovereign's credit profile, says Moody's Investors Service.

• Thursday, June 4th 2015 - 08:54 UTC

  Despite a contracting economy Brazil increases basic interest rate to 13.75%

  

  Brazil raised interest rates to the highest levels in more than six years on Wednesday, extending a tightening campaign and leaving the door open for more hikes despite concerns that steep borrowing costs could deepen an expected economic recession.

• Monday, June 1st 2015 - 23:00 UTC

  RSF writes to Dilma Rousseff asking for an end to murders and impunity against media personnel

  

  Appalled by the brutal murders of two Brazilian journalists in the space of a few days, Reporters Without Borders has written to President Dilma Roussef asking her to end the prevailing impunity for crimes of violence against media personnel in her country.

• Saturday, May 30th 2015 - 09:46 UTC

  Brazilian unions hold rallies in main cities to protest austerity measures

  

  Brazilian unions held nationwide protests Friday against the federal government's austerity measures and a bill that would allow companies to outsource any part of their operations. unions held rallies in 23 of Brazil's 27 states to protest the outsourcing proposal and a separate bill that would restrict access to unemployment insurance, both of which are nearing full legislative approval.

• Friday, May 29th 2015 - 08:45 UTC

  Led by former star Romario, Brazilian Senate opens formal inquiry into country's football

  

  Brazilian police began investigating allegations of corruption in its soccer industry on Thursday, prompted by the arrests of top officials at world soccer body FIFA in a U.S. bribery probe. The country's Senate, led by former national soccer star Romario, who is now a prominent legislator, moved to open a formal inquiry into alleged bribes paid to obtain contracts with the Brazilian Soccer Federation (CBF).

• Wednesday, May 27th 2015 - 04:53 UTC

  Petrobras former director sentenced five years in prison for money laundering

  

  A Brazilian judge has sentenced a former international director at the country's largest corporation and government managed Petrobras to five years in prison for money laundering, the second company executive convicted in an ongoing corruption probe.

• Tuesday, May 26th 2015 - 06:44 UTC

  Argentina invokes unity and rejects proposal for a more 'flexible' Mercosur

  

  Brazil and Uruguay's plan for a more 'flexible' Mercosur to speed negotiations for an encompassing long delayed trade agreement with the European Union have stumbled with the first official reaction from Argentina, which does not agree with the tariffs' proposals policy or individual trade initiatives from member countries.

• Monday, May 25th 2015 - 08:00 UTC

  Brazil/Uruguay expect Paraguay to join in speeding Mercosur/EU negotiations

  

  Uruguay will be hosting Paraguayan president Horacio Cartes in early June when he is expected to confirm' his country's support to Uruguay and Brazil in their renewed approach to accelerate negotiations for the signing of a full cooperation and free trade agreement with the European Union, which were started fifteen years ago.

• Monday, May 25th 2015 - 07:12 UTC

  Iconic London 2012 Games symbol decorates Rio 2016 Olympics Park

  

  The most iconic symbol of the Olympic Games is decorating the city for the Rio 2016 Games. City Hall has installed giant Olympic Rings in Madureira Park, ahead of the largest sporting event in the world.