Tag: Brazil

Saturday, October 29th 2011 - 19:20 UTC
Lula da Silva diagnosed with throat cancer and must undergo chemotherapy

Former Brazilian President Luiz Inacio Lula da Silva was diagnosed with throat cancer, casting doubt on his political future in Latin America's largest economy.
Saturday, October 29th 2011 - 05:24 UTC
Brazil will look into its harsh political past but the military are safe

The Brazilian congress approved this week the creation of a Truth Committee that will look into human rights abuses from 1946 to 1988, which includes the military period from 1964 to 1985, but leaves untouched the controversial 1979 Amnesty Law that benefits military and police personnel.
Friday, October 28th 2011 - 17:24 UTC
Pele says Brazil “is not ready” to host the 2014 World Cup

Brazil is not yet ready to host the 2014 World Cup, football great Pele told the ESPN Soccernet website in an interview posted on Friday. According to Pele, chaotic organization and communication difficulties are the biggest problems facing Brazil as it prepares for the World Cup.
Friday, October 28th 2011 - 04:45 UTC
Dilma respects cabinet sharing: names another Communist new Sports minister

Brazilian president Dilma Rousseff appointed a Communist Party congressman as the country's new Sports minister Thursday, replacing Orlando Silva, an official from the same party who resigned as he fights corruption allegations.
Friday, October 28th 2011 - 04:42 UTC
Brazil encouraged by Europe’s plan announcement but wants to look at details

Brazil's government is encouraged by Europe's announcement of a plan to resolve the nagging debt crisis, though more details are needed on the proposal to determine its viability, Brazilian Finance Minister Guido Mantega said Thursday.
Thursday, October 27th 2011 - 20:41 UTC
VW plans 2bn factory in Pernambuco with Brazilian long-term soft loan

Volkswagen AG is negotiating with Brazilian authorities to build a 2 billion dollars factory in Brazil -- the latest foreign automaker looking to raise local output after a tax increase on imported cars
Thursday, October 27th 2011 - 16:20 UTC
Peugeot cuts costs in Europe and announces double production in Brazil

French auto giant PSA Peugeot Citroen plans to double production in Brazil by 2015, part of a global shift towards emerging economies hastened by the downturn in Europe and the United States.
Thursday, October 27th 2011 - 15:50 UTC
Brazilian central bank suggests ‘moderate’ cuts to interest rates

Brazil’s central bank said slowing global growth will have a large enough disinflation impact and allow policy makers to carry out “moderate” cuts to interest rates.
Thursday, October 27th 2011 - 06:24 UTC
Brazilian Sports minister resigns: fifth to be forced out over corruption allegations

Brazil's sports minister resigned on Wednesday over a corruption scandal, the country's GloboNews television station said, reviving concern over President Dilma Rousseff's unstable ruling coalition and the country's lagging preparations for the 2014 World Cup.
Wednesday, October 26th 2011 - 13:42 UTC
Fitch ratifies Brazil’s credit rating and medium term growth prospects

Fitch Ratings said it had decided to maintain Brazil's BBB investment grade credit rating and predicted the outlook for the Latin America’s largest economy would remain stable.