Tag: Sao Pablo

• Friday, May 17th 2019 - 09:24 UTC

  Fitch rating agency says uncertainty overflying the Brazilian economy

  

  Brazil’s push to overhaul its costly social security system is a welcome step toward healing public finances and the economy, but is not enough to stabilize public debt or trigger a positive review on the country’s credit rating, directors at rating agency Fitch said on Thursday.

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• Tuesday, May 14th 2019 - 09:21 UTC

  Ford assets in Brazil to be acquired by Chinese businesspeople

  

  The founder of Brazilian automaker CAOA said on Monday he is negotiating with Chinese business executives to make a joint acquisition of a Ford Motor Co plant near Sao Paulo.

• Thursday, May 9th 2019 - 09:09 UTC

  Brazilian F1 Grand Prix will move from Sao Paulo to Rio do Janeiro in 2020

  

  The Brazilian Grand Prix will move next year to a new purpose-built circuit in Rio de Janeiro that could be named after Ayrton Senna, the country’s president revealed on Wednesday. Amid uncertainty over the long term future of the current event in Interlagos is Sao Paulo, Brazilian president Jair Bolsonaro said that a switch of venues would happen in 2020 when the event moves to Rio.

• Monday, May 6th 2019 - 09:34 UTC

  Brazil's best performing hedge funds bet heavily on Petrobras

  

  One of Brazil’s best-performing hedge funds has been scooping up the shares of state-controlled oil giant Petrobras. Joao Braga and Marcos Peixoto, who manage US$ 1.3 billion (5 billion reais) at XP Asset Management, have increased their stake in Petrobras, making it the biggest holding of their XP Long Biased fund even as the oil producer’s rally has outpaced the benchmark.

• Thursday, February 28th 2019 - 08:37 UTC

  Brazilian consortium interested in Ford's Sao Paulo manufacturing plant

  

  Brazilian automaker CAOA, which produces vehicles with Korea’s Hyundai Motor Co and China’s Chery Automobile Co, is in talks to buy a Ford Motor Co plant in the country that is slated to close by 2019, according to sources reported in the Sao Paulo media.

• Tuesday, February 19th 2019 - 09:42 UTC

  IBM to launch research center on Artificial Intelligence in Sao Paulo

  

  IBM is set to launch a research center in the Brazilian city of São Paulo focused on development of solutions around artificial intelligence. The AI center will be the first Latin American institution of IBM's AI Horizons Network. It will be jointly run by the company and the São Paulo Research Foundation (FAPESP) to pursue “a disruptive research program”, with the potential to “promote paradigm shifts in AI.”

• Wednesday, February 13th 2019 - 09:31 UTC

  Yellow scorpion infestation has become a major challenge for Sao Paulo residents

  

  The mega-polis Sao Paulo, Brazil, home to tens of millions of people who live in the city and its sprawling outskirts, has a major scorpion problem that isn’t going away anytime soon.

• Tuesday, February 5th 2019 - 09:40 UTC

  Falklands Sao Paulo air link to become operational next October to coincide with tourist season

  

  Argentina and the UK have agreed that the second commercial air link between the Falkland Islands and South America, with a stopover at Cordoba, Argentina, will begin operational next October in coincidence with the South Atlantic summer tourist season, according to Martin Dinatale, an Argentine journalist who specializes in diplomatic affairs.

• Tuesday, February 5th 2019 - 08:49 UTC

  Bolsonaro in semi-intensive care and treated with broad spectrum antibiotics

  

  Brazilian President Jair Bolsonaro was in semi-intensive care in hospital on Monday following abdominal surgery and was set to stay in the hospital at least another week, his office said. Concerns of potential infection meant the medical team wanted more time to monitor the far-right leader, 63, after the operation a week ago to remove a colostomy bag, the office said.

• Monday, February 4th 2019 - 08:57 UTC

  GM plans to invest US$ 2.5bn over three years in Brazil in return for tax breaks

  

  Automaker General Motors Co is in talks to invest 9 billion reais (US$ 2.5 billion) in the Brazilian state of Sao Paulo over the next three years in return for tax incentives, newspaper Valor Economico has reported.