Brazil

Tuesday, April 8th 2014 - 07:38 UTC
UK minister arrives in Brazil to ramp trade with generous export financing

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.
Tuesday, April 8th 2014 - 00:21 UTC
Rolls-Royce marine facility in Rio to support Brazil's oil industry

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.
Tuesday, April 8th 2014 - 00:14 UTC
Brazil will launch massive investment plan next August, two months ahead of election

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.
Monday, April 7th 2014 - 06:36 UTC
Brazil's high yield bonds again attract foreign investors

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.
Monday, April 7th 2014 - 06:12 UTC
Brazil Rousseff support down ahead of October election, but rivals don't benefit

Brazilian President Dilma Rousseff's popularity has dipped five percentage points ahead of October's presidential elections, revealed a new poll published on Sunday. The Datafolha polling institute said 36% of respondents rated Rousseff's government as “great/good” against the 41% who gave it that rating in the firm's previous poll conducted in February.
Monday, April 7th 2014 - 05:58 UTC
Scottish oil worker killed during a carjacking incident in Rio do Janeiro

The feeling of insecurity in Brazil's main cities peaked again last week when it was reported that a British oil worker had been shot dead by two men in Rio de Janeiro, a Scottish newspaper reported Saturday.
Saturday, April 5th 2014 - 05:48 UTC
The poll was completely wrong: Brazilians love their scantily dressed women

Friday came with a relief for Brazil when a leading economic pollster admitted to having committed a serious error in interpreting results released earlier saying that a majority of Brazilians supported the idea that women in revealing clothes “deserve to be attacked”.
Saturday, April 5th 2014 - 04:07 UTC
Brazilian officials claim Italian cruise vessel had crew members in 'slave-like conditions'

Brazilian police say they have rescued 11 crew members working in “slave-like conditions” on an Italian cruise ship. The operation was carried out the north-eastern city of Salvador, where the MSC Magnifica had docked for the day with more than 3,000 passengers.
Friday, April 4th 2014 - 07:35 UTC
Brazilian congress strikes down new taxes on the domestic soy market

Brazil's Congress struck down this week a proposal to impose new taxes on the internal soy market after fierce opposition from the country's agricultural sector. An amendment to apply a tax known as PIS/Cofins on soybean sales to some domestic buyers had been removed from a bill to simplify taxation of Brazilian companies abroad that was passed by the lower chamber late on Tuesday.
Friday, April 4th 2014 - 04:26 UTC
Brazil manufacturing activity expands for the fourth straight month in March

Brazil's manufacturing activity expanded for the fourth straight month in March, though at a meager pace as growth in new orders cooled, a private survey showed. The HSBC Purchasing Managers' Index for the Brazilian manufacturing sector rose to a seasonally adjusted 50.6 in March from 50.4 in February. The 50 mark separates contraction from expansion.