Tag: Brazil

• Monday, November 14th 2011 - 07:13 UTC

  Chevron halts drilling off the coast of Brazil following an oil-spill

  

  Oil giant Chevron halted drilling of a well off the coast of Brazil as it looks into the possible causes of an oil spill in the region. Chevron said in a statement e-mailed that an oil sheen had appeared on the surface of the ocean near the Frade project it operates, which it attributed to oil seeps in the area.

• Monday, November 14th 2011 - 06:32 UTC

  Brazilian troops take over Rio’s main favela without firing a shot

  

  Three thousand troops backed by helicopters and armoured vehicles occupied Rio de Janeiro's largest favela (slum) without firing a shot, the biggest step in the Brazilian city's bid to improve security and end the reign of drug gangs.

• Saturday, November 12th 2011 - 12:46 UTC

  Brazil’s October consumer inflation down but still above target

  

  Consumer price increases slowed month-on-month in Brazil in October, according to the Brazilian Institute of Geography and Statistics, IBGE. The official IPCA consumer price index gained 0.43% in October compared with a 0.53% rise in September.

• Saturday, November 12th 2011 - 12:45 UTC

  Brazil eases capital requirements for some consumer loans

  

  Brazil’s central bank cut capital requirements for some consumer loans with maturities of up to five years, including car loans, as it seeks to fine tune measures taken last year to prevent excessive risk in the financial system.

• Friday, November 11th 2011 - 08:26 UTC

  Most wanted Brazil drugs’ baron caught by police in Rio do Janeiro favela

  

  As authorities work to “pacify” Brazil's slums ahead of two global sporting events, police in Rio de Janeiro captured one of the city's most notorious drug traffickers.

• Friday, November 11th 2011 - 08:20 UTC

  Chinese main oil refiner takes over 30% of Portugal’s GALP in Brazil

  

  China Petrochemical Corp., Asia's biggest refiner, agreed on Thursday to pay 3.54 billion dollars for a 30% stake in Galp Energia SGPS SA's Brazilian unit, in what is China's largest overseas energy acquisition this year.

• Friday, November 11th 2011 - 08:19 UTC

  October consumer inflation in Brazil eases to 0.43% and 6.97% in last 12 months

  

  Brazil's benchmark IPCA consumer price index rose 0.43% in October from September, slightly above expectations, government statistics agency IBGE said on Thursday.

• Friday, November 11th 2011 - 08:03 UTC

  FIFA protects Brazilian football chief Teixeira who faces corruption charges

  

  FIFA general secretary Jerome Valcke has dismissed claims of corruption against Brazilian football chief Ricardo Teixeira.Teixeira has faced bribery and fraud accusations in recent weeks, as he continues the task of preparing Brazil to host the World Cup in 2014.

• Friday, November 11th 2011 - 07:57 UTC

  Growing citizens’ action against ‘endemic corruption’ in Brazil’s political system

  

  While a sixth cabinet minister faces allegations of fraud, Brazil’s Solicitors Association has stated that corruption in the country has become “unbearable” and called on the Supreme Tribunal to rapidly implement the Clean Record bill.

• Thursday, November 10th 2011 - 08:01 UTC

  Brazil preparing battery of incentives if Q3 GDP growth is not convincing

  

  Brazil’s government is debating whether to remove credit restrictions imposed in the last eleven months as President Dilma Rousseff seeks to shore up economic growth, according to government officials.