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This country's battered stocks may make a great buy

CNBC: Brazil's economy is facing a bleak outlook, plagued with increasing inflation, a plunging currency and contracting GDP. The Dow Jones Brazil Index has fallen almost 45 percent in the past year. But one trader says that all those negative factors are ...
Brazil's Real Drops to 12-Year Low as Analysts See Deeper Slump

- 2 days earlier @ bloomberg.com: The real declined to a 12-year low as a deeper projected contraction in Brazil's economy and the government's failure to meet fiscal targets added to speculation that the nation is facing a rating cut. The currency tumbled 5 percent last week after ...

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LATEST NEWS

UPDATE 1-Growth in Brazil's bank lending slows in June as rates rise

Reuters: The average interest rate for loans not previously earmarked for housing, agricultural or other sectors - the most widely followed gauge of credit in Brazil - climbed to 43.5 percent in June, the highest since the central bank began keeping records in ...

Growing Up Hooked on Brazils Ugly Beauty

Daily Beast: Rio de Janeiro had always been a port of entry into Brazil, a place of connections, deals, and trade. Ships coming from Africa disgorged onto its dock the enslaved men and women who'd wrench the country's fortune from its plantations and mines. When ...

Santander Quarterly Profit Rises on Brazil Provision Ruling

Bloomberg: Banco Santander SA fell in Madrid trading after Spain's biggest bank posted earnings showing that lending revenue remains under pressure at home. Net interest income from Spanish loans, or revenue generated from the difference between what banks earn ...

Brazil raises a key interest rate as it teeters on the brink of recession

Business Insider: Brasilia (Brazil) (AFP) - Brazil's central bank raised its benchmark interest rate by half a point to 14.25 percent, seeking to fight inflation during a major slump in the local currency. The bank's monetary policy committee COPOM decided in a ...

Water in Brazil Olympic venues dangerously contaminated

CNBC: Brazilian officials have assured that the water will be safe for the Olympic athletes. But the government does not test for viruses. Extreme water pollution is common in Brazil, where the majority of sewage is not treated. Raw waste runs through open ...

Italy's Saipem Implicated in Petrobras Corruption Scandal in Brazil

Wall Street Journal: Brazilian federal prosecutors accused former Petrobras services director Renato Duque, who was arrested earlier this year for allegedly taking part in the scheme and is currently in prison, of accepting bribes from João Bernardi, a sales representative ...

Ronda Rousey plans to leave her UFC belt in Brazil as a 'gift'

MMA Fighting: She received similar support from the Brazilian fans at UFC 190's announcement press conference in Rio de Janeiro earlier this year, and despite treading into what many assumed to be enemy territory, Rousey is expected to enter her match against ...

LATEST WORLD NEWS:

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RIO DE JANEIRO..

Brazil Arrests Nuclear Chief in Widening of Graft Case

New York Times: RIO DE JANEIRO — The sweeping corruption scandal shaking Brazil's establishment intensified on Tuesday after the police arrested the mastermind of the military's secret nuclear program during the 1970s and '80s. With the arrest of that figure, Othon ...

An oil scandal is shaking Brazil's democracy to its core - The Washington Post

RIO DE JANEIRO -- There are times in Brazil's young democracy -- its constitution dates from 1988 -- when the country seems to be making things up as it goes along. This is one of them. What began in 2014 as a police investigation called “Operation Car ...

An oil scandal is shaking Brazil's democracy to its core

RIO DE JANEIRO -- There are times in Brazil's young democracy -- its constitution dates from 1988 -- when the country seems to be making things up as it goes along. This is one of them. What began in 2014 as a police investigation called “Operation Car ...

Brazil Electric Carsharing + UK Electric Car Racing | CleanTechnica

CleanTechnica: DirijaJa!, based in the Brazilian cities of Rio de Janeiro and Curitiba, is reportedly one of Brazil's leading electric mobility companies. Westfield Sportscars in the UK will now bring its electric cars to the European market under a new partnership ...

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 graft cases: Beginning of impunity's end?

RIO DE JANEIRO (AP) — 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.

Petrobras agrees to pay Brazil $508 million to settle tax dispute

RIO DE JANEIRO (Reuters) - Brazil's state-run oil company Petroleo Brasileiro SA said late Thursday that it paid 1.6 billion reais ($508 million) to settle part of a tax dispute with Brazilian authorities and will take the charge ...

PRESIDENT DILMA ROUSSEFF..

Brazil's biggest party sticks with unpopular Rousseff - for now

Reuters: BRASILIA Brazil's largest party is standing by deeply unpopular President Dilma Rousseff for now despite the defection of one of its own leaders, but that could change if an expected recession stirs up social unrest, party leaders say. Rousseff is ...

Rating-Cut Angst Lurks as Brazil Stocks, Real Decline on Budget

Bloomberg: Speculation that President Dilma Rousseff would cut the primary budget surplus goal, which excludes interest payments, spurred the biggest slide in the world for the real and sank the Ibovespa. After the close of trading, a government report confirmed ...

Approval rating for Brazil's president hits new low

Yahoo News: Brazil's President Dilma Rousseff arrives for a Mercosur Summit at Itamaraty Palace in Brasilia, Brazil, Friday, July 17, 2015. A new poll in Brazil says the approval rating for the Brazilian president has plunged to new lows amid economic woes and a ...

Brazilian Horror Movie Traps Rousseff as Allies Back Away

Bloomberg: If Brazil's President Dilma Rousseff thought it was tough imposing austerity measures in the first half of the year, she may be in for some unpleasant surprises in the second. She has lost support from Senate Chief Renan Calheiros and his lower-house ...

Brazil February retail sales post sharpest drop since 2003

The latest retail data underscored expectations of an economic recession in Brazil this year as President Dilma Rousseff raises taxes and cuts spending to limit public debt and safeguard the country's investment-grade rating. Furniture and home appliance sales also tumbled 10.4 percent from a year earlier and declined 1.3 percent from January, as borrowing costs rose due to a series of interest ...

Brazil's iPhone investment falls short on promises of jobs, lower prices

By Brad Haynes ITU, Brazil (Reuters) - The Brazilian iPhone was meant to mark a new era. When Taiwan's Foxconn Technology Group agreed in April 2011 to make Apple products here, President Dilma Rousseff and her advisers promised that up to $12 billion in investments over six years would transform the Brazilian technology sector, putting it on the cutting edge of touch screen development. Foxconn ...

Insight - Brazil's iPhone investment falls short on promises of jobs, lower prices

The Brazilian iPhone was meant to mark a new era.     When Taiwan's Foxconn Technology Group agreed in April 2011 to make Apple products here, President Dilma Rousseff and her advisers promised that up to $12 billion in investments over six years would transform the Brazilian technology sector, putting it on the cutting edge of touch screen development.     Foxconn has created only a small ...

PAN AM GAMES..

Brazil falls short of medal aims at Pan Am; bad omen for Rio - Washington Times

Washington Times: Brazil falls short of medal aims at Pan Am; bad omen for Rio. Brazil's Eliane Martins competes in the women's long. Brazil's Eliane Martins competes in the women's long jump during the Pan Am Games Friday, July 24, 2015, in Toronto.

United States falls to Brazil in final Pan-Am Games group match

NBCSports.com: After picking up wins over Venezuela and Puerto Rico, the United States Pan-American Games team faced its stiffest test Thursday night as they took on Brazil. The Brazilians are a veteran group that plays well together, and that was certainly the case ...

Denzel Valentine scoreless as Brazil upsets USA in Pan Am Games - Detroit Free

Detroit Free Press: Brazil knocked off USA in the final pool-play game of the Pan Am Games men's basketball tournament Thursday in Toronto. Michigan State star Denzel Valentine played 2:38 and did not record a point, assist nor rebound. He didn't attempt a shot nor free ...

2015 Pan Am Games USA vs. Brazil: Game time, TV schedule, live online streaming

Testudo Times: Brazil put a beat-down on Puerto Rico in its first game, and beat Venezuela by 15 Wednesday night. Hot starts have been key for Brazil. It got out to a rediculous early lead against Puerto Rico, winning by 31-6 at the end of the first quarter. Afer one ...

IN 12 YEARS..

Brazil's Real Closes at Weakest Level in 12 Years - WSJ

Wall Street Journal: SÃO PAULO—The Brazilian real closed at its weakest level in 12 years against the dollar on Friday, extending a slide that began on Wednesday, as concern about the government's inability to get its budget and debt problems under control continues.

EMERGING MARKETS-Brazil real drops to weakest in 12 years on fiscal worries

Reuters: SAO PAULO, July 24 Brazil's currency, the real, plunged to its weakest level in 12 years on Friday as investors continued to digest the government's recent announcement that it would slash its fiscal savings goals. Other Latin American currencies sank ...

Brazil's economy hits the skids

Sao Paulo (AFP) - Bad news piled up Friday for Brazil's economy, with the real plunging to its lowest level against the dollar in 12 years and analysts warning the home of samba will need years to recover its economic rhythm.

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