Tag: Brazil

Wednesday, April 30th 2014 - 09:27 UTC
Rio's Olympics preparations “plagued with delays”; city full of “social issues”

International Olympic Committee (IOC) vice president John Coates has called Brazil's preparations for the 2016 Rio Games “the worst” in his experience and critically behind schedule, but warned there was no “plan B” to find another host.
Wednesday, April 30th 2014 - 09:22 UTC
Argentina and Brazil agree to further integrate and prop their auto industries

Argentina and Brazilian officials agreed to continue meeting regularly to solve as soon as possible bilateral trade problems mainly those referred to the auto industry. On Tuesday Argentine Finance minister Axel Kicillof and Industry minister Deborah Giorgi met their Brazilian counterparts, Guido Mantega and Mauro Borges in Brasilia.
Tuesday, April 29th 2014 - 06:31 UTC
Argentina and Brazil plan to prop economies by stimulating the auto industry

Argentine Economy Minister Axel Kicillof and Industry Minister Débora Giorgi fly to Brasilia on Tuesday in a bid to swing the automobile trade balance in Argentina’s favor, with the sector accounting for the majority of a total 3.15 billion dollars trade deficit. From Brazil Finance minister Guido Mantega confirmed bilateral discussions on the auto industry and exports.
Monday, April 28th 2014 - 23:53 UTC
Coffee prices soar as Brazil's crop plummets because of adverse weather

Because of adverse climate conditions Brazil’s Arabica coffee prices have recently surged 94%, to 2.144 dollars for half a kilogram ($2.30) on the New York futures market.
Monday, April 28th 2014 - 23:40 UTC
FIFA's Valcke downplays 'favelas' violence: “finally we will be talking about football”

FIFA secretary general Jerome Valcke downplayed recent violence in the favelas of Rio de Janeiro as a threat to the upcoming World Cup. The city was the scene of violent outbursts last week when a dancer was found dead with his friends and family blaming the killing on the police.
Monday, April 28th 2014 - 08:48 UTC
Chinese minister underlines the 'strategic' significance of Brazil for Beijing

The relationship between China and Brazil has “extensive significance” due to their position as two primary emerging market countries and economies, visiting Chinese Foreign Minister Wang Yi said here in Brasilia.
Monday, April 28th 2014 - 08:42 UTC
Brazil's current account deficit climbs to 3.6% of GDP during March

Brazil's current account deficit narrowed in March after an improvement in the trade balance, but it was still the second largest on record for that month, central bank data showed. The country posted a current account deficit of 6.248 billion last month, down from 7.445bn in February.
Monday, April 28th 2014 - 07:32 UTC
Brazilian police ‘still have blood on their hands’ 20 years on from massacre

Every year police in Brazil are responsible for around 2,000 deaths, Amnesty International said as it marked the 20th anniversary of the infamous Candelária massacre in Rio de Janeiro. On the night of 23 July 1993, eight young men and women died after a gang of hooded men opened fire on a group of some 50 street children sleeping on the steps of Rio de Janeiro’s Candelária church.
Saturday, April 26th 2014 - 06:05 UTC
Protestors interrupt Rousseff's speech and pledge to torpedo the World Cup

President Dilma Rousseff was repeatedly interrupted while giving a speech by hecklers protesting the coming World Cup hosted by Brazil and who are demanding more funds should be invested in health care, education and improved transportation.
Friday, April 25th 2014 - 05:45 UTC
Lay-offs hit Brazilian auto industry following advancing drop in sales

Volkswagen said on Thursday it will lay off 900 autoworkers at two Brazilian plants, one of the biggest recent efforts to cut output in the face of sluggish demand for cars in Latin America's largest economy. Brazil is the No. 4 market for Volkswagen after China, Germany and the United States.