Rio Mayor Eduardo Paes has been re-elected with an overwhelming majority in the first round of Brazil's municipal elections. Paes from the centrist Democratic Movement Party will be in charge when Rio hosts the 2016 Olympics.
Portugal’s auction of state-owned airline TAP SA has been shunned by Europe’s three biggest carriers, boosting prospects for a Latin American takeover of a company analysts say may fetch 500 million Euros.
Brazil’s food giant Marfrig and the second largest in beef provision, is increasing the use of its installed capacity to address the growing domestic demand according to Joao Sampaio, deputy chief Marfrig’s investors relations.
September inflation in Brazil was up 0.57% on higher food prices according to the latest release from the country’s stats office, IBGE. This was the highest rate since last April (0.64%) and the steepest for September since 2003, (0.78%).
US manufacturer Boeing announced this week it has sold 60 aircraft to Brazil’s Gol Linhas Aereas Inteligentes, comprising the largest order ever from a single airline in South America. All 60 of the airplanes will be the 737 Max model, at a value of about 6 billion dollars at list price.
Industrial production in Brazil expanded in August at its fastest pace in 15 months thanks to heavy government stimulus, data showed on Tuesday. Finance Minister Guido Mantega said the jump in industrial output is proof that the worst of Brazil's slowdown is over.
The so called “trail of the century” in Brazil has already condemned 22 of the 37 culprits and on Wednesday is expected to peak when three former leaders of the ruling Workers’ Party are formally accused of having setup a network of bribes to ensure a majority in congress.
Brazilian president Dilma Rousseff joined her mentor Lula da Silva in a political rally in support of the Workers Party candidate for mayor of the city of Sao Paulo in next Sunday’s municipal elections when 140 million Brazilians are registered to vote.
They came from all over Brazil, from the tropical, jungle north, from the flourishing manufacturing bustling megapolis, from the agriculture strong south and from every possible beach: they all converged to participate in the Miss Bumbum pageant, which will choose the best bottom of the country.
Eight million Brazilians still live in extreme poverty, with monthly family incomes of 35 US dollars according to official data released on Monday and which represents a 5% drop compared to the previous survey.