Tag: Brazil

• Thursday, September 24th 2015 - 07:41 UTC

  Brazil and UK joint research of critical elements in the deep northeast Atlantic

  

  Scientists from the U.K. and Brazil will work together to study the formation of ocean minerals essential for new technology, particularly environmental technology such as photovoltaic cells.

• Wednesday, September 23rd 2015 - 07:17 UTC

  Uruguay pumps greenbacks to keep the US dollar rate on sliding stability

  

  Uruguay's central bank was forced to sell almost 65 million dollars on Tuesday, the highest volume so far this year, to keep the US dollar from ballooning as fears of the collapse of the Brazilian economy are felt through the region. The dollar finally ended trading with a slight 0.12% increase at 28,826 Pesos to the greenback.

• Wednesday, September 23rd 2015 - 07:05 UTC

  Brazil's currency falls to its weakest level against the US dollar, 4.06 Reais

  

  Brazil's currency fell to its weakest level ever as investors cast a wary eye on negotiations over spending bills that could further complicate the country's tenuous fiscal position. The currency, like others across Latin America, was also hammered by a global rise in the dollar sparked by increased expectations that the US Federal Reserve is still on track to raise interest rates this year.

• Tuesday, September 22nd 2015 - 07:53 UTC

  Former treasurer of Brazil's ruling party sentenced to 15 years in prison over Petrobras corruption

  

  The former treasurer of Brazil's ruling party was sentenced Monday to more than 15 years in prison for his role in a massive corruption scandal at state oil giant Petrobras. The judge investigating the scandal found Joao Vaccari, who was the Workers Party treasurer until April, guilty of “corruption, money-laundering and conspiracy,” and sentenced him to 15 years and four months.

• Tuesday, September 22nd 2015 - 07:40 UTC

  Brazil/Israel spat over ambassador candidate, spearhead of settlements in the West Bank

  

  Israeli Deputy Minister of Foreign Affairs Tzipi Hotovely defended the appointment of former settlements' department director, Dani Dayan, as the Jewish state's ambassador in Brazil, after it was rejected by Brazilian President Dilma Rousseff.

• Tuesday, September 22nd 2015 - 06:49 UTC

  Brazil's Real at almost four to the US dollar; 70% weaker in the last 12 months

  

  Brazil’s currency closed on Monday at the weakest level ever against the dollar as raging economic and political situations increased uncertainty and the odds of the country losing its investment-grade credit rating from yet another ratings company, which could be catastrophic.

• Monday, September 21st 2015 - 07:18 UTC

  Brazil Justices ban corporate contributions to political campaigns and parties

  

  Brazil's Supreme Court banned corporate contributions to political campaigns and parties, a hot issue as investigators in the country's biggest corruption scandal say such financing was used by businesses to win lucrative contracts with state-run oil company Petrobras.

• Friday, September 18th 2015 - 07:37 UTC

  Brazil opposition parties file request in Congress to impeach Rousseff

  

  Brazil's opposition parties on Thursday filed a request in Congress to impeach President Dilma Rousseff for breaking fiscal rules by allegedly manipulating government finances to benefit her re-election last year. The request was backed by some members of Rousseff's main political ally, the fractious PMDB party, Brazil's largest, whose votes would be needed to succeed in ousting the president.

• Thursday, September 17th 2015 - 09:45 UTC

  Petrobras oil/gas production in August sets new records; subsalt output up 61% in twelve months

  

  Brazil's state-controlled Petrobras produced a record 2.69mn b/d of oil equivalent (boe/d) in August, 3.1% increase over July and almost 1% higher than the previous 2.67mn boe/d record set in December 2014, the company said on Wednesday.

• Thursday, September 17th 2015 - 08:46 UTC

  Embattled Rousseff argues countries are not defined by their credit ratings

  

  Embattled and leaner Brazilian President Dilma Rousseff said on Wednesday that a country is not defined by its credit rating, downplaying Standard & Poor's decision to assign junk status to Latin American largest economy's sovereign debt.