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Brazil to scrap support for development bank in 2015

Brazil pledged on Friday to suspend financial support for state development bank BNDES next year, marking a major policy shift that will help trim billions of reais in subsidies that have weighed down ...
Brazil's Tombini says may reduce FX intervention in 2015

- 3 days earlier @ finance.yahoo.com: Brazil's central bank will keep intervening in the foreign exchange market next year but could reduce the scale of these operations, which are aimed at countering the slide in the country's currency, the ...

Brazil's Real Rallies Most in a Month as Fed Supports Risk Bid

- 2 days earlier @ bloomberg.com: Brazil's central bank president Alexandre Tombini reiterated today that details on the extension next year of currency swap auctions supporting the real will be announced in the days ahead, adding that daily offerings will range from $50 million to ...

Brazil raises key BNDES rate for the first time in nearly two years

- 1 hour earlier @ reuters.com: BRASILIA Dec 19 (Reuters) - Brazil's main economic policymaking body on Friday raised for the first time in almost two years the interest rate at which state development bank BNDES pegs its loans, in a bid to trim billions of reais in subsidies that ...

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LATEST NEWS

Brazil Raising Long-Term Rate in Move to Reduce Credit Subsidies

Brazil’s government will increase the long- term interest rate for the first time in more than 10 years after President Dilma Rousseff pledged to reduce the nation’s debt and slow inflation in her second term.

Gabriel Medina: Brazil's First Champ

Surfer Magazine: Brazilians have won lower-tier world titles before, in the ISA World Surfing Games, ASP Pro Junior, WQS and in longboard events. But now Gabriel Medina has made history and brought to Brazil the ultimate jewel of the crown. The cultural contrasts ...

Brazil raises key BNDES rate for the first time in nearly two years

Reuters: BRASILIA Dec 19 (Reuters) - Brazil's main economic policymaking body on Friday raised for the first time in almost two years the interest rate at which state development bank BNDES pegs its loans, in a bid to trim billions of reais in subsidies that ...

Brazil to study legalization of medical marijuana

RIO DE JANEIRO (AP) — Brazil will soon look into the possibility of legalizing the use of a marijuana derivative to treat people suffering from severe seizures.

Brazil trying to make good use of new stadiums

USA TODAY: SAO PAULO (AP) — It's white elephant time for World Cup stadiums — again. When the World Cup ended, Brazil was left with a sense of pride after successfully hosting soccer's showcase tournament. It was also left with 12 modern facilities that ...

Brazil Posts Current Account Gap Wider Than Analysts Expected

Brazil’s current account gap in November was wider than economists forecast, as the trade deficit also widened.

Roberto Carlos: Brazil must embrace winning Dunga

Goal.com: Former Brazil international Roberto Carlos says coach Dunga will return Brazil to winning ways and that the press must now embrace the new direction in which he is leading the team. Dunga returned for his second spell as Brazil coach in July ...

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FEDERAL INVESTIGATION INTO A KICKBACK..

Brazil cracks down on corruption

Macleans.ca: RIO DE JANEIRO, Brazil – A federal investigation into a kickback scheme at Brazil's state oil company has, so far, ensnared 30 executives. In Sao Paulo, prosecutors accuse 33 businessmen of running a “cartel” to profit from the city's subway system.

Brazil Graft Cases: Beginning of Impunity's End?

ABC News: A federal investigation into a kickback scheme at Brazil's state oil company has, so far, ensnared 30 executives. In Sao Paulo, prosecutors accuse 33 businessmen of running a "cartel" to profit from the city's subway system. And in perhaps the most ...

Brazil graft cases: Beginning of impunity's end?

A federal investigation into a kickback scheme at Brazil's state oil company has, so far, ensnared 30 executives. In Sao Paulo, prosecutors accuse 33 businessmen of running a "cartel" to profit ...

OIL COMPANY PETROLEO BRASILEIRO..

Brazilian lawmakers urge indictments in Petrobras scandal

Reuters: BRASILIA (Reuters) - A congressional committee investigating a mushrooming corruption scandal at Brazil's state-run oil company Petroleo Brasileiro SA (PETR4.SA) recommended on Thursday that prosecutors bring charges against 52 people for alleged ...

Brazil Congress' Petrobras probe urges charges against 52 people

Reuters: RIO DE JANEIRO (Reuters) - A Brazilian congressional investigative committee issued its final report on alleged corruption at state-run oil company Petroleo Brasileiro SA (PETR4.SA) on Thursday with a recommendation that prosecutors file charges ...

Brazil leader Rousseff's popularity undented by Petrobras scandal

Reuters: BRASILIA (Reuters) - Brazilian President Dilma Rousseff's approval rating has not suffered from a widening corruption scandal involving state-run oil company Petroleo Brasileiro SA and many Brazilians continue to trust her, a poll showed on Wednesday.

Brazil prosecutor seeks indictment against former Petrobras CEO

Reuters: RIO DE JANEIRO (Reuters) - Prosecutors in Rio de Janeiro said on Tuesday that they were seeking to indict the former chief executive officer of Brazilian state-run oil company Petroleo Brasileiro SA (PETR4.SA) and a leading local construction and ...

RIO DE JANEIRO..

Brazil to Study Legalization of Medical Marijuana

New York Times: RIO DE JANEIRO — Brazil will soon look into the possibility of legalizing the use of a marijuana derivative to treat people suffering from severe seizures. ANVISA, the country's Health Surveillance Agency says in a statement posted on its website that ...

WORLD CUP..

Brazil confident of Copa America success

Goal.com: CBF President Jose Maria Marin is confident Brazil are well placed to claim the Copa America in Chile next year. The Selecao were left reeling from a World Cup semi-final defeat to Germany in July but spirits are once again high after new coach Dunga ...

Brazil capitulate under 64 years of expectation

Reuters UK: Brazil resembled a team playing a kick about in the park as their defence imploded and conceded four goals in six minutes during the first half of their World Cup semi-final against Germany, leaving them 5-0 behind after half an hour. It was arguably ...

Brazil World Cup stadiums languish, adding insult to injury for some

Al Jazeera America: RECIFE, Brazil — Marinalva Ferreira da Silva has more reason than most to resent Recife's hulking Arena Pernambuco, one of the stadiums constructed for last summer's soccer World Cup. She said the demolition work that was carried out so the venue ...

Cunha, Cielo, Santana earn nominations for Brazil Olympic Awards

SwimSwam: The Olympic Committee of Brazil held its annual Brazil Olympic Awards this week, and several swimmers earned nominations for the event's top awards. FINA's Open Water World Cup champion Ana Marcela Cunha was up for the night's biggest award, best ...

Germany triumphant, Brazil eclipsed in dramatic year

By Mike Collett LONDON (Reuters) - A superb World Cup featuring one of the greatest upsets in the sport's history, Germany's fourth title and the duel between Lionel Messi and Cristiano Ronaldo to be the world's best were among the soccer highlights of 2014. Real Madrid's long-awaited tenth European crown -- 'la decima' -- secured after they equalised late in normal time before winning the ...

Soccer-Brazil capitulate under 64 years of expectation

By Brian Homewood ZURICH, Dec 18 (Reuters) - This year's World Cup was supposed to mark the moment Brazilian football emerged from the shadow of the 1950 Maracanazo and stamped its authority on the sport by winning a sixth world title on home soil. Coach Luiz Felipe Scolari told his team they had an "obligation" to win the tournament and any player who could not handle the pressure should go and ...

Brazil 2014 - a World Cup to cherish

Paris (AFP) - The 2014 World Cup was a captivating carnival of football, rated by many as the best yet, with high drama on and off the pitch, and, in Germany, champions worthy of the name.

SAO PAULO..

UPDATE 1-Tycoon Diniz buys stake in Carrefour's Brazil unit, source says

Reuters: (Adds details throughout). By Guillermo Parra-Bernal. SAO PAULO Dec 17 (Reuters) - Brazilian billionaire Abilio Diniz agreed to buy a 10 percent stake in Carrefour SA's Brazilian unit, a source with direct knowledge of the situation said on Wednesday, ...

Tycoon Diniz in talks to buy part of Carrefour's Brazil unit - source

Reuters: SAO PAULO Dec 17 (Reuters) - Brazilian tycoon Abilio Diniz is in talks with Carrefour SA about buying a stake in the French retailer's Brazilian unit, a source with direct knowledge of the situation said on Wednesday. According to the source, who ...

Brazil's Rousseff vows clean-up of scandal-tainted Petrobras

SAO PAULO (Reuters) - Brazilian President Dilma Rousseff, dogged by a multibillion-dollar corruption scandal at state-run oil company Petrobras, vowed on Thursday to stamp out graft at the flagship firm and place it under strict corporate governance.

BRAZIL S..

Brazil's Rousseff to slash budget to regain confidence

CNBC: Brazilian President Dilma Rousseff is planning a package of budget cuts and tax increases worth as much as 100 billion reais ($36 billion) in an aggressive attempt to recover investor confidence at a time of growing strain on emerging markets, senior ...

Brazil's Rousseff vows clean-up of scandal-tainted Petrobras

Reuters: Calling corruption a "malaise" that dragged on Brazil for centuries, Rousseff said the government and companies and citizens across Brazil should engage in a long-term effort to eradicate graft and wrongdoing. An accompanying political reform process ...

Irreverence Is Key: Meet Brazil's New Indie Mag

Style.com: Ana Wainer is a Brazilian fashion provocateur who is pushing the boundaries of publishing in her hometown, São Paulo, with the launch of a brand-new magazine, MAIS55MAG (referring to the Brazilian country code +55). Wainer is making her dream come ...

Hello 2015: Brazil's inevitable adjustment

The Brazilian economy is in a perilous state as it enters 2015. Economic growth is flirting with an outright recession this year. Inflation is oscillating around the upper bound of the inflation target. Fiscal accounts are showing a primary deficit ...

Brazil's new app content ratings make a little more sense than ours

Brazil does (at least) a few things better than us here in the U.S. Beaches for one (and I say that as a Gulf Coast native, albeit one for more casual nudity and fewer beer bellies), soccer for another (though we're getting better ...

Learning from Brazil's success with milk banks | University of

But this isn't a big problem for Lima because Brazil has a world-leading system that collects donated breast milk from mothers and provides it to babies in need. "She's getting better. She's breathing by herself," said Lima, who ...

This Striking 200-MPH Retro Sports Car Is Brazil's Alpine A108

About fifty years ago, the same Willys that brought us the Jeep built a short run of sports cars in Brazil as the "Willys Interlagos" based on the Renault Alpine A108. Classic car specialists Maggiora and Carrozzeria Viotti have ...

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