Brazil

Saturday, November 12th 2011 - 12:45 UTC
Brazil eases capital requirements for some consumer loans

Brazil’s central bank cut capital requirements for some consumer loans with maturities of up to five years, including car loans, as it seeks to fine tune measures taken last year to prevent excessive risk in the financial system.
Friday, November 11th 2011 - 08:26 UTC
Most wanted Brazil drugs’ baron caught by police in Rio do Janeiro favela

As authorities work to “pacify” Brazil's slums ahead of two global sporting events, police in Rio de Janeiro captured one of the city's most notorious drug traffickers.
Friday, November 11th 2011 - 08:20 UTC
Chinese main oil refiner takes over 30% of Portugal’s GALP in Brazil

China Petrochemical Corp., Asia's biggest refiner, agreed on Thursday to pay 3.54 billion dollars for a 30% stake in Galp Energia SGPS SA's Brazilian unit, in what is China's largest overseas energy acquisition this year.
Friday, November 11th 2011 - 08:19 UTC
October consumer inflation in Brazil eases to 0.43% and 6.97% in last 12 months

Brazil's benchmark IPCA consumer price index rose 0.43% in October from September, slightly above expectations, government statistics agency IBGE said on Thursday.
Friday, November 11th 2011 - 08:03 UTC
FIFA protects Brazilian football chief Teixeira who faces corruption charges

FIFA general secretary Jerome Valcke has dismissed claims of corruption against Brazilian football chief Ricardo Teixeira.Teixeira has faced bribery and fraud accusations in recent weeks, as he continues the task of preparing Brazil to host the World Cup in 2014.
Friday, November 11th 2011 - 07:57 UTC
Growing citizens’ action against ‘endemic corruption’ in Brazil’s political system

While a sixth cabinet minister faces allegations of fraud, Brazil’s Solicitors Association has stated that corruption in the country has become “unbearable” and called on the Supreme Tribunal to rapidly implement the Clean Record bill.
Thursday, November 10th 2011 - 08:01 UTC
Brazil preparing battery of incentives if Q3 GDP growth is not convincing

Brazil’s government is debating whether to remove credit restrictions imposed in the last eleven months as President Dilma Rousseff seeks to shore up economic growth, according to government officials.
Thursday, November 10th 2011 - 07:57 UTC
Brazilean court allows construction of controversial gigantic dam to continue

A Brazilian federal court on Wednesday rejected an appeal for suspending construction of the controversial 11 billion dollars Belo Monte hydroelectric dam in the heart of the Amazon until after indigenous people has been consulted.
Thursday, November 10th 2011 - 06:14 UTC
Uruguay claims Brazilian support in “fiscal haven” controversy with Sarkozy

A top Uruguayan official said the country has the support of Brazil regarding the controversy triggered when President Nicholas Sarkozy as host and ‘rapporteur’ of the recent G20 summit named Uruguay in the list of the world’s most notorious fiscal havens.
Thursday, November 10th 2011 - 06:01 UTC
War zone in Rio as police prepares to take control of the city’s biggest favela

Brazilian police made two key arrests Wednesday in Rio de Janeiro's biggest favela (slum) as they ready to take control of the area from drug traffickers, in anticipation of the 2014 World Cup and 2016 Olympic Games.