Tag: Brazil

• Monday, August 15th 2016 - 07:19 UTC

  Brazil concerned about the 25% surge of the Real against the US dollar

  

  The Brazilian Real weakened further on Friday after interim President Michel Temer showed concern over currency strength, while stocks edged lower following a heavy batch of quarterly results including state controlled oil company Petrobras.

• Saturday, August 13th 2016 - 08:50 UTC

  Media exposes Brazil congress 'behind the scenes' plot for a 'corruption amnesty' in the Petrobras case

  

  Brazilian financial newspaper Valor Econômico revealed details of an alleged corruption amnesty currently being discussed by lawmakers who have been accused of alleged involvement in the graft scandal at state oil firm Petrobras.

• Friday, August 12th 2016 - 07:08 UTC

  Petrobras Q2 profit tumbles by a third; massive debt condition performance

  

  Brazil's Petrobras reported second-quarter profit that fell by nearly a third from a year earlier, missing expectations as oil prices fell and it took charges for layoffs and the impairment of a refinery. Petrobras said net income fell 30% to 370 million Reais (US$118 million) in the three months ended June 30 compared with a profit of 531 million Reais a year earlier.

• Thursday, August 11th 2016 - 12:57 UTC

  Brazil running out of corn allows imports to supply pork and poultry sectors

  

  A lower-than-anticipated domestic corn supply is pushing prices up, putting pressure on Brazil’s pork and poultry sectors, and forcing the government to intervene, the U.S. Department of Agriculture’s (USDA) Foreign Agricultural Service (FAS) said in its latest report.

• Tuesday, August 9th 2016 - 08:57 UTC

  Head of Brazil's nuclear energy development sentenced 43 years in jail for corruption

  

  The CEO of Brazil’s nuclear power company Eletronuclear, was sentenced to serve 43 years in prison by a Rio de Janeiro judge, Valor Economico newspaper reported. Othon Luiz Pinheiro da Silva considered the father of Brazil’s nuclear program and a pillar of the military-industrial establishment was convicted of corruption, money-laundering, organized crime and obstruction of justice, in the latest chapter of the country’s historic “Operation Carwash” investigation.

• Monday, August 8th 2016 - 08:08 UTC

  World's most famous plastic surgeon has died: Master Pintanghu, the Universe of Beauty

  

  Celebrated Brazilian plastic surgeon Ivo Pitanguy has died at the age of 90, a day after passing the Olympic torch for the Rio Games. He died of a heart attack at home in Rio de Janeiro on Saturday, a spokeswoman said. On Friday, he had held the torch in the Rio neighborhood of Gavea, on the final leg of the Olympic relay.

• Friday, August 5th 2016 - 21:18 UTC

  Rio Games have an international counterterrorism office, a first for an Olympic event

  

  A lot of people are fretting about the safety of the Rio Olympic Games. Zika fears, the notoriously unsafe water in Guanabara Bay, an Olympic venue so filthy that some rowers and sailors are planning to wear protective gear and of course violent crime.

• Friday, August 5th 2016 - 12:04 UTC

  Brazil´s unemployment reaches 11.3%; only two years ago it stood at 6.5%

  

  Brazil's unemployment rate rose to 11.3% in the second quarter, statistics agency IBGE said, hitting a four-year high as Latin America's largest economy struggles with a crippling recession. In a sign that Brazil's labor market faces even tougher times, economists surveyed expect the unemployment rate will not start falling until 2018.

• Thursday, August 4th 2016 - 23:57 UTC

  Rousseff political downfall ever so close as Senate committee recommends her removal from office

  

  Brazilian Senate committee voted on Thursday to recommend the full upper house remove suspended president Dilma Rousseff from office in an impeachment trial, sending the nation's political drama into its end game. The decision -- passed by a vote of 14 to five -- is non-binding, but delivers Rousseff yet another setback on the eve of the Olympics opening ceremony in Rio de Janeiro.

• Thursday, August 4th 2016 - 22:02 UTC

  Petrobras corruption case nets another company, senior executives and politicians

  

  Brazil’s federal police said they had arrested two people and raided properties over alleged corruption at building firm Queiroz Galvão, as fresh allegations linked the Brazilian Social Democracy Party (PSDB) to an alleged US$3-million bribe. The sprawling “Operation Carwash” investigation was launched two years ago to tackle price fixing, bribery and political kickbacks at state-run oil firm Petrobras.