Brazil

Friday, July 4th 2014 - 07:39 UTC
Argentine car production and exports fall, impacting on trade with Brazil

Argentina's vehicle production reached 50,904 units in June according to the Automobile Factory Association (ADEFA), 19.8% less than the 63,461 units manufactured in the same month of 2013. Taking into account the first 6 months of 2014, production fell 21.8% compared to the same period of 2013.
Friday, July 4th 2014 - 07:00 UTC
Tragic overpass collapse resurfaces Brazil's World Cup spending controversy

Concerns over Brazil's World Cup preparations took a deadly turn on Thursday after a partially finished highway overpass collapsed on a road below, killing at least two people and wounding at least 23 others in Belo Horizonte, according to state health officials.
Thursday, July 3rd 2014 - 06:40 UTC
Brazilian industry contracts for the third month running in May

Brazilian industrial output fell for the third straight month in May despite efforts from government to prop manufacturing through stimulus measures. Industrial production in Brazil fell 0.6% in May from April, and 3.2% from the same month a year ago, and 1.6% in the five months of 2014, government statistics agency IBGE said on Wednesday.
Wednesday, July 2nd 2014 - 07:27 UTC
Two decades of the Real, the currency that helped Brazil trust financial stability

Twenty years ago, first July 1994, after decades of financial turmoil, Brazil introduced its current currency, the Real, marking a turning point in the country's fight against hyperinflation.
Tuesday, July 1st 2014 - 07:41 UTC
Brazil extends tax breaks on car and furniture industries to boost economy

Brazil will extend a tax break for the car and furniture industries until the end of the year to help boost sales depressed by a slowing economy, the government said on Monday. This measure should also help boost President Dilma Rousseff's bid for re-election next October.
Monday, June 30th 2014 - 06:30 UTC
Argentina, 'a key partner' of Russia says Putin ahead of his Buenos Aires visit

As part of a broader South American tour, Russian President Vladimir Putin will be visiting Buenos Aires in July to lay the groundwork for joint projects between Russia and Argentina in the energy sector, including civilian nuclear technologies, military-technological cooperation and machine building.
Monday, June 30th 2014 - 06:23 UTC
“FIFA leaders are a bunch of old sons of bitches”, said Uruguay president Mujica

FIFA leaders are “a bunch of old sons of bitches” and could have imposed sanctions “but certainly not fascist sanctions” complained Uruguay's president Jose Mujica referring to the suspension suffered by Uruguay's scorer Luis Alberto Suárez who was banned for nine matches and with four months of complete football inactivity.
Saturday, June 28th 2014 - 10:23 UTC
Uruguay's coach resigns FIFA post to protest 'excessive' ban of Suarez

Uruguay coach Oscar Tabarez has resigned his post in the FIFA strategic commission over the federation’s decision to ban Luis Suarez from the World Cup after the forward bit Italy’s defender Giorgio Chiellini during a group stage match.
Friday, June 27th 2014 - 06:56 UTC
Mujica strongly supports Suárez and blasts FIFA: “they went too far”

Uruguay's president Jose Mujica blasted FIFA's Thursday decision to fine and suspend the country's main scorer Luis Suarez from any football activity for four months arguing the association that rules world football measures things with different rods, and since Uruguay “is a small country, it's cheap for them”.
Thursday, June 26th 2014 - 05:07 UTC
Brazil current account deficit in May posts a record; World Cup should help in June

Brazil had a current account deficit of 6.635 billion in May, above the previous record high of 6.356 billion for this month posted last year, central bank data showed this week. It was the widest on record for the month of May as Brazilians spent more on international travel and foreign companies sent profits and dividends abroad. Brazil's current account deficit in April was 8.291 billion.