Tag: Brazil

Friday, November 18th 2011 - 06:07 UTC
S&P upgrades Brazil’s long-term foreign currency sovereign credit rating

Standard and Poor's Corp said Thursday it was upgrading the credit rating of Brazil by one notch to BBB, adding that the upgrade reflected the country’s increasing capacity to hold up against the overall deterioration in the global economic outlook.
Thursday, November 17th 2011 - 19:07 UTC
Non-white, the majority population in the ‘racial democracy’ of Brazil

For the first time, non-white people make up the majority of Brazil's population, according to preliminary results of the 2010 census. Out of around 191m Brazilians, 91 million identified themselves as white, 82m as mixed race and 15m as black.
Thursday, November 17th 2011 - 06:56 UTC
Moody’s downgrades Brazilian meat corporation Marfrig from stable to negative

Credit ratings agency Moody's changed its outlook for Brazilian meat processor Marfrig from stable to negative, citing what it feels is a deterioration in Marfrig's credit viability due to strong competition in the Brazilian protein sector in recent months, higher commodity prices, a global economic slowdown and currency volatility.
Thursday, November 17th 2011 - 00:40 UTC
New look for Lula da Silva as he undergoes chemotherapy treatment

Brazil's ex-president Lula da Silva got a new look Wednesday, as his wife Marisa Leticia shaved off his iconic beard and his thick head of hair ahead of chemotherapy therapy for throat cancer.
Wednesday, November 16th 2011 - 14:33 UTC
Brazil says BRICS is large enough for the moment

Brazil does not want to see the BRICS group of emerging countries enlarged for the time being but demands the developing world be given a greater say in international bodies, the country's foreign minister said on Wednesday.
Tuesday, November 15th 2011 - 06:54 UTC
Consortium announces major ‘high quality’ oil discovery off the Brazilian coast

Repsol, Spain's biggest oil group said Monday it has made a new oil discovery off the coast of Brazil together with Chinese partner Sinopec, Britain's BG Group and Brazil's Petrobras.
Tuesday, November 15th 2011 - 06:46 UTC
Embraer has dominant position in the Middle East 60/120 pax jet segment

Brazilian aerospace conglomerate, Embraer sees a market demand of 310 jets in the 60-120 passenger jet segment in the Middle-East in the period 2011-2030. According to reports, the aircraft maker has forecast a market potential of 14 billion dollars during the period in the region.
Tuesday, November 15th 2011 - 06:23 UTC
Brazil’s JBS, world’s largest beef producer plans to expand dairy business

Brazil's JBS, the world's biggest beef producer, intends to expand its dairy business with strategic plans next year after the unit's double-digit growth in recent years.
Monday, November 14th 2011 - 21:02 UTC
None of world major economies will escape a slowdown forecasts the OECD

None of the world's major economies will escape a slowdown, the Organization for Economic Co-operation and Development said, highlighting increasing signs that growth momentum is dwindling across the board.
Monday, November 14th 2011 - 20:47 UTC
Brazil moves into Tanzania and will help increase power generation five-fold

Brazilian business and public contractor giant Odebrecht Company Limited, with top global businesses and operations across a wide variety of industries, has shown interest in undertaking the huge Stiegler's Gorge power project in Tanzania’s Rufiji river basin, according to “The East African” weekly.