Brazil

• Tuesday, May 28th 2013 - 05:57 UTC

  Brazil World Cup 2014: heavy rain tears through roof a newly constructed stadium

  

  Heavy rains in the Brazilian north-eastern city of Salvador tore through the roof of a newly constructed stadium for Confederations Cup soccer games starting next month, a warm-up before Brazil hosts the World Cup next year.

• Monday, May 27th 2013 - 08:22 UTC

  Brazil’s April current account deficit a new record pushed by negative trade balance

  

  Brazil posted another hefty current account deficit in April as its traditional trade surplus has turned into a deficit this year and foreign companies are repatriating more of their profits, according to central bank data.

• Monday, May 27th 2013 - 02:54 UTC

  Brazil warns Uruguay on Pacific Alliance plans: Mercosur can only act as ‘a block’

  

  Mercosur must negotiate any possible incorporation to the Alliance of the Pacific “as a block” since it is important that its member countries remain ‘united’ and respect the current charter, said the Mercosur High Representative, Ambassador Ivan Ramalho from Brazil.

• Monday, May 27th 2013 - 02:41 UTC

  Brazil cancels 900 million dollars of African countries debt

  

  Brazil has announced that it will cancel or restructure almost 900m dollars worth of debt with Africa. Oil- and gas-rich Congo-Brazzaville, Tanzania and Zambia are among the 12 African countries to benefit. The move is seen as an effort to boost economic ties between the world's seventh largest economy and the African continent.

• Monday, May 27th 2013 - 01:49 UTC

  Paraguay demands respect from Mercosur, “if not leave us as we are”

  

  The Argentine ambassador to Uruguay, Dante Dovena, assured that authorities are “working intensely” in preparations for the next Mercosur summit scheduled to take place on June 28th in Montevideo. However news form Paraguay doesn’t indicate the same optimism and are demanding respect for ‘the country’s dignity and rule of the law”.

• Saturday, May 25th 2013 - 05:11 UTC

  Brazil’s employment rate remains stable but job creation slowed in recent months

  

  Brazil's jobless rate rose slightly in April for the fourth straight month but remained near record lows, suggesting that tight labour conditions bolstered a gradual recovery and fed into inflation, statistics agency IBGE said this week.

• Friday, May 24th 2013 - 07:30 UTC

  Brazil’s Rousseff one of the main speakers at the African Union 50 year celebration

  

  Brazilian president Dilma Rousseff will be attending next Saturday in Ethiopia the fiftieth celebration of the African Unions Organization that preceded the African Union, (AU) and will be one of the main speakers on the opening day.

• Friday, May 24th 2013 - 06:38 UTC

  Petrobras will continue to operate in Argentina but may sell some assets

  

  Brazilian state-controlled energy giant Petrobras plans to continue operating in Argentina although it may sell some assets there, CEO Maria da Graças Foster said.

• Friday, May 24th 2013 - 06:25 UTC

  Argentina and Brazil jointly developing satellites for South Atlantic research

  

  Argentina and Brazil will be launching their first two jointly developed scientific satellites for research along the Atlantic coast in a couple of years, according to Brazil’s Science and Technology minister Antonio Raupp.

• Friday, May 24th 2013 - 06:17 UTC

  Drug trafficker in Rio challenge authorities and the pacifying campaign in favelas

  

  Drug traffickers in Rio de Janeiro ordered shops closed in one of its biggest slums, defying efforts to restore order to the city's vast shantytowns and renewing safety concerns in Brazil as it prepares to host the World Cup and Olympics.