Brazil

Thursday, October 27th 2011 - 06:24 UTC
Brazilian Sports minister resigns: fifth to be forced out over corruption allegations

Brazil's sports minister resigned on Wednesday over a corruption scandal, the country's GloboNews television station said, reviving concern over President Dilma Rousseff's unstable ruling coalition and the country's lagging preparations for the 2014 World Cup.
Wednesday, October 26th 2011 - 13:42 UTC
Fitch ratifies Brazil’s credit rating and medium term growth prospects

Fitch Ratings said it had decided to maintain Brazil's BBB investment grade credit rating and predicted the outlook for the Latin America’s largest economy would remain stable.
Wednesday, October 26th 2011 - 03:13 UTC
Brazil’s total federal debt stands at just over a trillion dollars, said the Treasury

Brazil's total federal debt rose in September as the Treasury issued new debt at home and abroad, the government reported this week. The country's federal debt load increased 2.3% in the month to Reais 1.809 trillion (1.02 trillion dollars), from Reais 1.768 trillion in August, the Treasury said in a statement.
Wednesday, October 26th 2011 - 03:08 UTC
In eight years Brazilian officials skimmed 37.7bn dollars from government coffers

Brazilian officials skimmed at least a staggering equivalent of 37.7bn dollars from government coffers in just eight years of corruption cases from 2003-2010, the Rio do Janeiro daily O Globo reported, based on numbers from the country’s Public Accounts ombudsman.
Wednesday, October 26th 2011 - 03:04 UTC
Brazil asks WTO to study “currency ‘misalignments” and global trade

Brazilian government has proposed further study at the World Trade Organization on the effects that exchange rate fluctuations have on international trade, the foreign ministry said this week.
Wednesday, October 26th 2011 - 02:36 UTC
Brazilian president misses regional summit but prepares for G20 in France

Brazilian president Dilma Rousseff won’t be attending the Ibero-American summit to take place in Paraguay next Friday and Saturday and will be represented by her Foreign Affairs minister Antonio Patriota, it was announced Tuesday.
Wednesday, October 26th 2011 - 02:27 UTC
Marfrig plans massive restructure to reduce costs and trim debt

Brazilian meat processor Marfrig will restructure multiple segments of the company between now and December in an effort to reduce costs and trim away at its current debt of BRL10.3 billion (5.8 billion dollars), the company's president said this week in an interview with Valor Economico newspaper, partly reproduced by Meat trade news Daily.
Tuesday, October 25th 2011 - 04:11 UTC
Brazil after billions of dollars to give airports on concession

Brazil’s secretary of civil aviation, Wagner Bittencourt, has confirmed that the government is looking for at least 1.3 billion dollars for the São Paulo–Guarulhos Airport concession.
Tuesday, October 25th 2011 - 04:06 UTC
Brazil ignores OAS meeting due to dispute over hydroelectric dam

Brazil will not take part in the annual meeting of the Organization of American States in Washington on Wednesday due to a dispute over a giant hydroelectric plant, said opponents of the scheme.
Monday, October 24th 2011 - 20:33 UTC
MAN announces 570m dollars investment to double truck production in Brazil

Volkswagen-owned truck and bus maker MAN will invest 570 million dollars in Brazil from 2012 to 2016 as it aims to double production in Latin America's largest market, local media reported over the weekend.