Tag: Brazil

• Monday, October 8th 2012 - 06:23 UTC

  Rio mayor re-elected and will host Olympics; Sao Paulo, run off with the two main parties

  

  Rio Mayor Eduardo Paes has been re-elected with an overwhelming majority in the first round of Brazil's municipal elections. Paes from the centrist Democratic Movement Party will be in charge when Rio hosts the 2016 Olympics.

• Monday, October 8th 2012 - 06:12 UTC

  Portugal’s flag air carrier could end up purchased by Brazilian group

  

  Portugal’s auction of state-owned airline TAP SA has been shunned by Europe’s three biggest carriers, boosting prospects for a Latin American takeover of a company analysts say may fetch 500 million Euros.

• Friday, October 5th 2012 - 22:58 UTC

  Brazil food giant Marfrig preparing for a long weekend of Xmas festivity

  

  Brazil’s food giant Marfrig and the second largest in beef provision, is increasing the use of its installed capacity to address the growing domestic demand according to Joao Sampaio, deputy chief Marfrig’s investors relations.

• Friday, October 5th 2012 - 22:55 UTC

  Brazil September inflation higher on food prices, but bank could further cut Selic rate

  

  September inflation in Brazil was up 0.57% on higher food prices according to the latest release from the country’s stats office, IBGE. This was the highest rate since last April (0.64%) and the steepest for September since 2003, (0.78%).

• Wednesday, October 3rd 2012 - 04:35 UTC

  Brazilian Low-cost Gol airline purchases 60 Boeing 737 Max; 6bn dollars deal

  

  US manufacturer Boeing announced this week it has sold 60 aircraft to Brazil’s Gol Linhas Aereas Inteligentes, comprising the largest order ever from a single airline in South America. All 60 of the airplanes will be the 737 Max model, at a value of about 6 billion dollars at list price.

• Wednesday, October 3rd 2012 - 04:29 UTC

  Industrial production picks up in August; stimuli seems to be working

  

  Industrial production in Brazil expanded in August at its fastest pace in 15 months thanks to heavy government stimulus, data showed on Tuesday. Finance Minister Guido Mantega said the jump in industrial output is proof that the worst of Brazil's slowdown is over.

• Wednesday, October 3rd 2012 - 04:12 UTC

  Lula da Silva trusted aides face overwhelming evidence of involvement in ‘active corruption’

  

  The so called “trail of the century” in Brazil has already condemned 22 of the 37 culprits and on Wednesday is expected to peak when three former leaders of the ruling Workers’ Party are formally accused of having setup a network of bribes to ensure a majority in congress.

• Wednesday, October 3rd 2012 - 03:59 UTC

  Despite Dilma, Lula and Cardoso, Sao Paulo city could end with an outsider as mayor

  

  Brazilian president Dilma Rousseff joined her mentor Lula da Silva in a political rally in support of the Workers Party candidate for mayor of the city of Sao Paulo in next Sunday’s municipal elections when 140 million Brazilians are registered to vote.

• Tuesday, October 2nd 2012 - 06:11 UTC

  Miss Bumbum contest will choose the most anatomical perfect buttock of Brazil

  

  They came from all over Brazil, from the tropical, jungle north, from the flourishing manufacturing bustling megapolis, from the agriculture strong south and from every possible beach: they all converged to participate in the Miss Bumbum pageant, which will choose the best bottom of the country.

• Monday, October 1st 2012 - 20:25 UTC

  Eight million Brazilian still live in “extreme poverty” conditions

  

  Eight million Brazilians still live in extreme poverty, with monthly family incomes of 35 US dollars according to official data released on Monday and which represents a 5% drop compared to the previous survey.