The metropolis of Sao Paulo may have to ration water this year if reservoir levels are not replenished, Brazil's largest water and sewage utility said, an increasing possibility as the southeast region heads into its dry season.
Brazil has enough coffee stocks to supply exports and domestic demand this year even though a severe drought will result in a lower-than-expected harvest, the nation's coffee industry association Abic said on Thursday.
Brazil’s rate of inflation in March picked up at the quickest pace in 11 years for that month, challenging the central bank’s plan to stop raising interest rates soon and complicating President Dilma Rousseff chances of re-election.
Finance minister Guido Mantega and Chancellor of the Exchequer George Osborne announced on Tuesday in Sao Paulo the launching of the Brazil/UK Economic and Financial Dialogue to strengthen bilateral trade and cooperation, and investment in infrastrucutre, according to a joint release.
Chancellor of the Exchequer George Osborne welcomed the decision by insurer Hiscox to join the Lloyd’s Brazil reinsurance platform during his current trip to Brazil. This will allow Hiscox to grow its Brazilian business, enabling it to talk directly to potential customers and better understand the local market.
As if problems with the delayed stadiums was not enough, and with less than 10 weeks until the start of the World Cup, work on crucial new airport terminals has fallen behind in most of the dozen Brazilian host cities, heightening the risk of overcrowding and confusion during the tournament.
At the start of a three day trade trip to Brazil, the Chancellor of the Exchequer George Osborne announced the next stage in the UK government’s fundamental overhaul of finance for exporters which should move the UK to the top of the global league for export support.
Chancellor of the Exchequer George Osborne MP on a three-day visit to Brazil announced on Monday that Rolls-Royce is to build a new £ 22 million Marine facility in Duque de Caxias, Rio de Janeiro.
Brazilian President Dilma Rousseff announced that the third stage of an investment plan, Growth Acceleration Program (PAC) will be launched in August, just two months ahead of an October presidential election in which she will seek re-election.
Brazil’s decision to hike its key interest rate to 11%, its highest level in two years, has again started to attract investors since there are also strong hopes that Brazil’s next president to be elected in October will rein in spending and adjust macroeconomic policies.