Tag: Brazil

• Monday, August 26th 2013 - 02:22 UTC

  Brazil's current account deficit doubles in July from a year ago

  

  Brazil's current account deficit more than doubled in July from a year ago, according to the latest Central bank data. The gap reached 9.08 billion dollars in July, while a year ago the deficit was 3.75bn dollars.

• Friday, August 23rd 2013 - 23:18 UTC

  Falklands’ lawmaker begins round of contacts in Brazil’s main cities

  

  Falkland Islands lawmaker Dick Sawle is expected next week in Brazil where he will be meeting representatives from the business community, students’ organizations and share lunch with a group of members of Congress, announced British ambassador in Brasilia Alex Ellis.

• Thursday, August 22nd 2013 - 23:40 UTC

  Brazil fuel prices remain unchanged for now…despite growing losses of Petrobras

  

  Brazil's President Dilma Rousseff has not yet discussed raising gasoline and diesel prices to support state-run oil producer Petrobras, said her spokesperson in response to local media reports on Thursday.

• Tuesday, August 20th 2013 - 23:56 UTC

  Over a million World Cup ticket requests on opening day: most from Brazil and Argentina

  

  Over one million World Cup finals ticket requests were made within the first seven hours of public sale, soccer's world governing body FIFA said on Tuesday. Most demand for tickets came from Brazil, Argentina, United States, Chile and England.

• Tuesday, August 20th 2013 - 23:35 UTC

  The sliding Brazilian currency has depreciated 18% in the last twelve months

  

  The Brazilian currency Real, which is the region’s reference, is undergoing one of its major depreciations against the US dollar in the last four years because of the poor performance of its economy and the tendency is to continue, at least in the short term, given the uncertainty about US monetary policy.

• Friday, August 16th 2013 - 17:42 UTC

  World Cup 2014 exposes Brazil’s lack of non-commercial aircraft infrastructure

  

  Non-commercial aircraft are expected to carry as many as one in nine international visitors to the World Cup in Brazil next year by some estimates, but industry leaders say the country is unprepared for the oncoming swarm.

• Friday, August 16th 2013 - 03:27 UTC

  South American defense ministers meet to improve monitoring of Amazon region

  

  South American defense ministers gathered in the northern Brazilian city of Manaus on Thursday to discuss how to improve monitoring of the huge Amazon region. Attending the seminar which runs through Friday are Brazil's Celso Amorim, Colombia's Juan Carlos Pinzón and Ecuador's María Fernanda Espinosa.

• Friday, August 16th 2013 - 03:22 UTC

  Brazilean congress clears the way for sale of giant Libra offshore oil prospect

  

  The Brazilian congress rejected an amendment to an oil-royalty bill that threatened to derail the world's largest-ever sale of rights to develop offshore oil resources scheduled for October 21. The amendment had sought to set the Brazilian government's minimum share of “profit oil” from the sale of the giant Libra offshore prospect and other fields in Brazil's most productive oil area at 60%.

• Friday, August 16th 2013 - 03:04 UTC

  Brazil's June economic activity picked up, but recovery remains fragile

  

  Brazil's economic activity grew at a slightly slower pace than expected in June despite strong industrial output, data showed on Thursday. The central bank's IBC-Br index climbed 1.13% in June from May in seasonally adjusted terms, up from a decline of 1.50% in the previous month.

• Wednesday, August 14th 2013 - 19:41 UTC

  Brazil now admits construction pace of five stadiums for World Cup 2014 ‘must be accelerated’

  

  Brazilian Sports Minister Aldo Rebelo has said he is worried about delays at five stadiums still being built for next year's football World Cup. Rebelo said the pace of construction must be accelerated if the venues are to be ready by this December.