Tag: Brazil

• Tuesday, January 9th 2018 - 10:01 UTC

  Brazilian stocks edge higher convinced Lula will be barred from running in election

  

  Brazilian stocks edged higher to mark a record close on Monday, underpinned by optimism over the nation's fiscal outlook as well as a strong flow of international investment. The benchmark Bovespa stock index continued its climb following a seven-day string of gains.

• Tuesday, January 9th 2018 - 09:55 UTC

  World's largest party: New Year celebrations in Rio beaches attracted 2.4 million people

  

  Where was the best New Year party in the World? At Times Square New York in below zero temperature or on a sunny summer beach day in Rio De Janeiro with 2.4 million happy tourists and locals going wild. On Sunday, December 31st, 2.4 million people gathered on Copacabana’s beach to welcome 2018. According to Riotur, this is the largest audience ever registered in Copacabana’s New Year’s Eve celebration, considered one of the best in the world.

• Tuesday, January 9th 2018 - 09:50 UTC

  Brazil moving to clean-energy: 51 wind farms planned with 1.450 MW

  

  Siemens Gamesa Renewable Energy SA is in final negotiations to supply about 700 megawatts of wind turbines for power plants in Brazil. The deal are to supply equipment for projects that Voltalia SA, EDP Renovaveis SA, Enel Green Power SpA, and Neoenergia SA are developing in northeast Brazil. The orders are all for wind farms that won government-organized power auctions in December.

• Tuesday, January 9th 2018 - 09:41 UTC

  Temer investigated on decree allegedly benefitting Santos port operator

  

  Brazilian police have requested that President Michel Temer answers 50 questions as part of an investigation into alleged corruption involving a decree regulating the country's ports, a government spokesman said.

• Monday, January 8th 2018 - 09:06 UTC

  Brazil announces end of building big hydroelectric dams in Amazon basin

  

  In a surprise move, the Brazilian government has announced that the era of building big hydroelectric dams in the Amazon basin, long criticized by environmentalists and indigenous groups, is ending.

• Saturday, January 6th 2018 - 09:42 UTC

  Brazilian industrial production rose in November for the third month running

  

  Brazilian industrial production rose 0.2% in November from a month before, at the same rate as in September and October, surprising market analysts who expected stability. It was the third monthly increase in a row in the industrial output.

• Saturday, January 6th 2018 - 09:35 UTC

  Europe and Mercosur scheduled to resume trade negotiations this month

  

  The European Commission and Mercosur are planning to resume negotiations to reach a new Association Agreement during this month. The Commissioner of the European Trade Commission, Cecilia Malmström, stated that, after the last negotiating round, which took place in early December, and after the attempt to reach an agreement in the framework of the last round of the World Trade Organization (WTO), held from 11 to 14 December, the agreement was very close and would be reached in a matter of weeks.

• Friday, January 5th 2018 - 11:05 UTC

  Petrobras Brazilian shareholders demand similar payment as those in a class action lawsuit in US

  

  Brazilian shareholders of state-controlled Petrobras are petitioning a Brazilian court to be paid on similar terms as those given to U.S. shareholders in a US$ 2.95 billion settlement, according to lawyers representing them.

• Friday, January 5th 2018 - 10:36 UTC

  Temer dressed in jogging gear said he was “fully recovered”

  

  Brazil’s President Michel Temer appeared keen to demonstrate on Thursday he had recovered from his latest bout of ill health, inviting the press to photograph him during a brisk walk in a Brasilia park. Temer, 77, last month underwent a “minor surgical procedure” to resolve a urethral obstruction at the Sirio-Libanes Hospital in Sao Paulo.

• Friday, January 5th 2018 - 10:15 UTC

  Mysterious death of at least 88 grey dolphins on the coast of Rio do Janeiro state

  

  Environmentalists in Brazil say they are trying to figure out why more than 80 gray dolphins have died in less than a month on the coast of Rio de Janeiro state. A statement from the Gray Dolphin Institute says the dolphins died over past 17 days in the Bay of Sepetiba, a coastal district about 70 kilometers west of Rio de Janeiro. The institute is an NGO that monitors and strives to protect the dolphins.