Tag: Brazil

• Monday, September 28th 2015 - 10:35 UTC

  Brazil has sufficient reserves, but Rousseff concerned about companies with dollar debts

  

  Brazil President Dilma Rousseff cited the nation's foreign currency reserves as a backstop to excessive volatility and weakness in the Brazilian Real.

• Monday, September 28th 2015 - 10:21 UTC

  Brazil supports Paris conference and pledges to cut greenhouse gas emissions 37% by 2025

  

  President Dilma Rousseff pledged on Sunday to slash Brazil’s greenhouse gas emissions by 37%, during her speech to the UN General Assembly. Outlining her vision for a global climate change agreement on Sunday, Rousseff stressed on the importance of a “common response”.

• Sunday, September 27th 2015 - 09:37 UTC

  Major offshore drilling company accused of involvement in Petrobras scandal

  

  Transocean Ltd., a top offshore drilling company, has been mentioned in testimony in a corruption investigation focused on Brazil's state-run Petrobras, Brazilian court documents showed.

• Sunday, September 27th 2015 - 09:27 UTC

  Brazil unemployment up for eighth month running; double December's rate

  

  Brazil's unemployment rate rose for an eighth straight month in August to the highest in over five years, although the increase was slightly smaller than markets expected. The non-seasonally adjusted jobless rate rose in August to 7.6%, from 7.5% in July, statistics agency IBGE said.

• Saturday, September 26th 2015 - 09:04 UTC

  Bill & Melinda Gates foundation sues Petrobras alleging 'pervasive bribery'

  

  Bill & Melinda Gates Foundation have sued Petrobras to recoup stock losses stemming from a corruption scandal at the state-run oil company.

• Saturday, September 26th 2015 - 08:55 UTC

  Minister Swire opens Minas Gerais Consulate General, ahead of Rio 2016 Olympics

  

  The United Kingdom preparing for Rio Olympics 2016 with a new pilot Consulate General in Belo Horizonte to make the most of trade and business opportunities ahead of the Games.

• Saturday, September 26th 2015 - 08:03 UTC

  Petrobras increases LPG price 11% for commercial and industrial clients

  

  Petrobras announced that the price of liquefied petroleum gas (LPG) for commercial and industrial clients has risen 11%, effective midnight Friday. The company said the increase does not affect the price of LPG sold in smaller containers for residential uses such as household cooking, which rose 15% on September first.

• Friday, September 25th 2015 - 07:17 UTC

  Brazil's Real recovers ground after Central bank promises to use all 'instruments available'

  

  Brazil's depressed currency rebounded Thursday after the head of its central bank vowed to use all instruments in its arsenal to curtail the Real's collapse. Earlier in the day the Real tumbled to an all-time low of 4.248 to the U.S. dollar, but bounced back to 4.023 after central bank President Alexandre Tombini, in an unscheduled press briefing, did not rule out selling part of the country's $371 billion foreign reserves to calm the exchange rate market.

• Friday, September 25th 2015 - 06:37 UTC

  Minister Swire will open UK consulate in the Brazilian state of Minas Gerais

  

  The UK will be opening a general consulate office in Belo Horizonte, capital of Minas Gerais, one of Brazil's most dynamic states, which outstands both for agriculture and industrial production. Foreign Office minister for Latin America, Hugo Swire is scheduled to be present at the opening ceremony on Friday.

• Thursday, September 24th 2015 - 09:05 UTC

  Rousseff partial victory: Congress upholds vetoes cutting additional expenses

  

  Brazil's Congress on Wednesday voted to uphold most of President Dilma Rousseff's vetoes on billions of dollars in additional expenses, marking a partial victory for the president, who is fighting a weakening economy and calls for her ouster, plus a plunging currency.