Tag: Brazil

• Thursday, August 16th 2012 - 01:38 UTC

  Brazil invites private sector to invest in new highways and railways plan

  

  Brazil's government unveiled on Wednesday measures to lure up to 133 billion Reais (66 billion dollars) in private investment for new roads and railways needed to unclog the country's transportation bottlenecks.

• Wednesday, August 15th 2012 - 08:54 UTC

  Brazilian court listens to natives claims and suspends work on Belo Monte dam

  

  A Brazilian federal court has ordered the immediate suspension of work on the controversial Belo Monte hydroelectric plant, ruling that indigenous communities were not consulted. It was set to be the world's third-largest dam.

• Tuesday, August 14th 2012 - 23:23 UTC

  Petrobras says it struck light oil in deep waters offshore Sao Paulo state

  

  Brazil's state-managed energy giant Petrobras confirmed the presence of significant quantities of light oil in deep waters off the country's south-eastern coast. Petrobras said in a statement released late Monday that the high-grade oil was in the Carcara well, located 230 kilometres off the coast of the Sao Paulo state, in the BM-S-8 block.

• Tuesday, August 14th 2012 - 08:22 UTC

  Brazil investing to be in the top ten medals table for the Rio Games of 2016

  

  The host nation of the next Olympics had a mixed outing in London and is hoping that a surge in spending (700 million dollars) on athletes and facilities will ensure it makes the top 10 medals table in 2016 on home soil in Rio de Janeiro.

• Tuesday, August 14th 2012 - 07:47 UTC

  Defendant says Lula da Silva was the ring leader of the Brazilian congress bribes scandal

  

  The defence of one of the main accused at Brazil’s “trial of the century” claimed at a hearing before the Supreme Tribunal (Supreme court) that former president Lula da Silva (2003/2010) was who ordered the bribes scheme to buy votes in Congress.

• Monday, August 13th 2012 - 16:11 UTC

  Brazilian federal staff strike extends affecting airports, ports and foreign trade

  

  The Brazilian economy is slowing down and civil servants are threatening to intensify the several weeks strike to protest government policy that they allege is appealing to savings in salaries and working conditions to address the situation.

• Saturday, August 11th 2012 - 11:26 UTC

  “Two tough years” ahead for Uruguayan construction and real estate

  

  The Uruguayan construction industry faces tough years ahead because of the international crisis and its effects on neighbouring Argentina, forecasted economist Jorge Caumont who is also an advisor of several real estate agents.

• Saturday, August 11th 2012 - 10:28 UTC

  “Amazonas”, first of three ocean patrol vessels built for Brazil leaves UK

  

  Amazonas, the first of three BAE Systems built Ocean Patrol Vessels being delivered the Brazilian Navy, departed the UK for Rio de Janeiro this week after her crew completed a rigorous program of Flag Officer Sea Training with the Royal Navy off the South coast of England

• Saturday, August 11th 2012 - 10:13 UTC

  Attractiveness Survey shows foreign investors remain with great interest in Brazil

  

  A stable economy, a burgeoning domestic market and huge untapped reserves of natural resources have led foreign investors to become increasingly interested in Brazil as an investment destination although there are challenges to sustaining this attractiveness according to Ernst & Young's first annual Brazilian Attractiveness Survey.

• Friday, August 10th 2012 - 22:28 UTC

  Mexico Ousts Brazil as Investors’ Top Choice in Latin America

  

  Due to increasing economic stability and a growing population, Brazil is now widely considered an economic powerhouse capable of maintaining and attracting foreign direct investments.(1)(2) However, recent corruption schemes, changes in monetary policy, and the ongoing 2008 global financial crisis have undermined Brazil’s shining reputation. In light of Brazil’s governmental intervention, the number of state-controlled enterprises, the growing debt-to-GDP in the private sector, and inflation rates, investors have begun to turn their attention to other economies in Latin America, especially Mexico.(3)