Brazil

Wednesday, August 13th 2014 - 22:01 UTC
Campos' successor, Marina Silva represents a stronger challenger for Dilma

The deceased Brazilian presidential candidate Eduardo Campos, 49, was a former governor of the northeastern state of Pernambuco and belongs to a traditional family from the Brazilian political establishment.
Wednesday, August 13th 2014 - 21:58 UTC
Brazilian presidential candidate dies in air crash; three days national mourning

Brazilian presidential candidate Eduardo Campos, a contender to unseat President Dilma Rousseff in October elections, died Wednesday when his campaign jet crashed in the city of Santos, killing all seven people aboard.
Wednesday, August 13th 2014 - 09:30 UTC
Petrobras sells natural gas pipeline operations in Bolivia

Brazil's Petrobras sold its stake in a Bolivian natural gas pipeline operator, continuing a string of asset sales aimed at generating cash for development of offshore oil fields at home. The Brazilian giant said it sold its 44.5% stake in Transierra to Bolivian state-owned YPFB for 106.7 million dollars.
Wednesday, August 13th 2014 - 07:09 UTC
Brazil admits EU/Mercosur deal stalled because of European concerns about agriculture

Brazil's agricultural competitiveness is a concern to countries and trade blocks negotiating agreements with Brazil, according to ambassador Paulo Estivallet de Mesquita, head of the Economics Department of the country's Ministry of Foreign Relations (MRE).
Tuesday, August 12th 2014 - 06:24 UTC
Petrobras earnings down 20%; subsidized fuels strangling the company

Second quarter profits for Brazil's Petrobras dropped 20% compared to the same period one year earlier, the state-run oil giant said. Petrobras recorded profits of 4.96 billion Reais (about 2.22 billion dollars) in the quarter, compared to 6.2 billion Reais (nearly 3 billion) for the same period in 2013.
Tuesday, August 12th 2014 - 05:44 UTC
Brazilian government anticipates 6% hike in fuel prices, after October election

Brazilian president Dilma Rousseff admitted on Monday the government could increase domestic fuel prices at refineries by up to 6% after the October presidential election. The increase of 5.5% and 6% is a preliminary calculation and is geared to help prop the finances of the government managed oil and gas giant Petrobras.
Monday, August 11th 2014 - 09:46 UTC
Brazil's Truth Commission looking into foreign companies helping the military regime crackdown on 'subversives'

Newly-discovered documents suggest big international companies aided Brazil’s military regime in its war against ‘subversives’ and union activists. Academics and human rights activists have long believed that local and multinational companies helped Brazil’s military regime in their crackdown on “subversives.”
Monday, August 11th 2014 - 08:11 UTC
Brazil oil output at record 2.246m bpd in June: 6.9% higher over a year ago

Brazilian oil output reached a record 2.246 million barrels per day (bpd) in June and exceeded the previous record of 2.231 million bpd in January 2012, the National Agency of Petroleum (ANP) reported. Output is up 2.6% from May 2014 and 6.9% June on June.
Monday, August 11th 2014 - 08:06 UTC
Brazil's July inflation surprises and slows to 0.01%, and 6.5% in twelve months

Brazil's Broad Consumer Price Index (IPCA) ended July at 0.01%, the Brazilian Geography and Statistics Institute (IBGE) reported. This figure reflects a decrease compared to June (0.4%) with transport and personal expenses items, contributing for the reduction.
Friday, August 8th 2014 - 07:59 UTC
Brazil insists in trade agreements and closer ties with Pacific Alliance, despite Mercosur

Brazil confirmed that it will try to bring forward to 2016 the free trade agreement with Chile, Peru and Colombia, scheduled for 2019 and underlined the need for Mercosur and the Pacific Alliance to converge as part of the region's productive integration process.