Brazil

• Wednesday, August 6th 2014 - 07:46 UTC

  Briton involved in World Cup tickets scam released from jail but must remain in Rio

  

  British World Cup ticketing executive who allegedly took part in a scam to sell millions of dollars worth of fraudulent tickets was ordered to be released from prison Tuesday while awaiting trial in Brazil.

• Monday, August 4th 2014 - 07:41 UTC

  Trying to gauge the impact of Argentina's situation in Mercosur partners

  

  Argentina’s debt problems threatens to worsen trade tensions in Mercosur, adding to the economic woes of Brazil in a tense election year and causing headaches in Uruguay as the Argentine economy looks likely to plunge deeper into recession.

• Monday, August 4th 2014 - 07:16 UTC

  Brazilian auto industry drops 36% in June and drags industrial output

  

  Brazil's industrial output fell 6.9% in June compared to the same month last year, mostly due to a contraction of the automobile industry, reported the official stats office last Friday.

• Saturday, August 2nd 2014 - 08:46 UTC

  Brazilian media call Cristina Fernandez, “inept, arrogant and incompetent”

  

  The leading Brazilian newspapers blasted Argentine president Cristina Fernandez as the sole responsible for the 'default event' which followed the failure of negotiations with holdouts in New York. This despite the fact Brazilian economy minister Guido Mantega denied Argentina was in default and strongly supported the Argentine government.

• Saturday, August 2nd 2014 - 08:29 UTC

  Brazil's ruling party expels representative for alleged ties with organized crime

  

  Brazil's ruling Workers Party in Sao Pablo decided to expel representative Luiz Moura following his alleged ties to organized crime exposed by a police investigation. Criminal gangs in Brazil are powerful and are known to have connections with the political system.

• Saturday, August 2nd 2014 - 08:18 UTC

  Rousseff defends industrial policy and economy performance before the sector's lobby

  

  Brazilian President Dilma Rousseff, who hopes to be re-elected for a second term in October’s elections, has defended her government’s industrial policy in front of the sector’s business leaders, the National Confederation of Industry (CNI).

• Friday, August 1st 2014 - 14:40 UTC

  World Cup helped a higher than expected surge in beer sales in Brazil

  

  The maker of Budweiser, Stella Artois and Corona beers experienced a sharp surge in sales in Brazil during the World Cup with the month-long contest leading to consumption of an extra 140 million liters or 2 million barrels.

• Wednesday, July 30th 2014 - 15:18 UTC

  Sao Paulo faces water rationing; in 100 days the system could run dry

  

  Federal prosecutors have asked the government of Sao Paulo to present water rationing plans for Brazil's most populous state to prevent the collapse of its main reservoir. If such plans are not presented in 10 days, the prosecutor's office said on its website it may ask courts to force rationing.

• Monday, July 28th 2014 - 07:43 UTC

  Brazilian Jewish community apologizes to President Rousseff's administration

  

  Brazil’s Jewish community apologized to the administration of Brazilian President Dilma Rousseff for statements by the spokesman of Israel’s foreign ministry after Brazil recalled its envoy over the Gaza conflict.

• Saturday, July 26th 2014 - 06:24 UTC

  Santander apologizes to President Rousseff for leaking 'political bias' comments

  

  Banco Santander Brasil SA, apologized for a note sent to some of its high-income clients in Brazil saying the economy would worsen if President Dilma Rousseff’s chances of being re-elected stabilized or improved.