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Designer Sparks Racial Controversy in Brazil With Afro Wigs

ABC News: Activists in Brazil have accused the celebrated stylist and fashion designer Ronaldo Fraga of perpetuating negative racial stereotypes during Sao Paulo's Fashion Week. Along with makeup artist Marcos Costa, Fraga chose to complement a series of designs ...
At Brazil auto show, industry wonders if it can get any worse

- 3 days ago @ reuters.com: SAO PAULO (Reuters) - Automakers in Brazil are facing the sharpest slowdown since 1999 and it could be a year or more before things turn the corner. It is tough to find a sunny 2015 forecast at the Sao Paulo Auto Show this week, where companies ...

Brazil NGOs form alliance amid water crisis in Sao Paulo state

- 2 days ago @ latino.foxnews.com: Representatives of roughly a score of non-governmental organizations met here Wednesday and formed an alliance aimed at tackling a severe water crisis in the southeastern Brazilian state of Sao Paulo, proposing, among other solutions, stiffer fines for ...

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LATEST NEWS

Auditor refuses to sign off Brazil Petrobras' Q3 results -Estado

Brazil's Petrobras failed to get its third-quarter earnings approved by PriceWaterhouseCoopers as the auditing firm demanded wider investigation into a corruption scandal plaguing the state-run oil company, newspaper O Estado de S.Paulo said on Saturday. Directors of Petroleo Brasileiro SA, as the oil firm is formally known, halted a Friday board meeting before making any decisions and ...

After Brazil's election

The Economist: IT WAS hardly a ringing endorsement. After a dirty and divisive campaign, Dilma Rousseff won a second term in Brazil's presidential election on October 26th by just three percentage points against her centre-right opponent, Aécio Neves (see article ...

Brazil gives go-ahead to 31 solar parks in push for new energy

Reuters: Brazil's energy regulator, Aneel, concluded its first exclusive solar power auction on Friday, clinching 20-year energy supply contracts with companies that will invest 4.14 billion reais ($1.67 billion) and start to feed the national grid in 2017. The ...

Oi, America Movil, Telefonica to bid for Brazil's TIM, sources say

Reuters: SAO PAULO/MILAN (Reuters) - Brazil's Grupo Oi SA, Mexico's America Movil SAB and Spain's Telefonica SA agreed to place a joint bid worth around 32 billion reais ($13 billion) for TIM Participações SA (TIMP3.SA), two sources with direct knowledge of the ...

Brazil Admits Key Fiscal Target Not Achievable

Wall Street Journal: BRASILIA--Brazil's government admitted Friday it won't be able to hit a key fiscal target for 2014, on the same day it said September's budget figures were the worst ever, as it tries to rebuild credibility following years of meeting its goals through ...

Oi, America Movil, Telefonica to bid for Brazil's TIM, sources say

By Guillermo Parra-Bernal and Danilo Masoni SAO PAULO/MILAN (Reuters) - Brazil's Grupo Oi SA, Mexico's America Movil SAB and Spain's Telefonica SA agreed to place a joint bid worth around 32 billion reais ($13 billion) for TIM Participações SA , two sources with direct knowledge of the matter said on Friday. The companies agreed to present a single offer to minority shareholders and Telecom ...

EMERGING MARKETS-Brazil's real drops as optimism over Rousseff remains shaky

Brazil's currency weakened sharply on Friday as investors reconsidered a wave of optimism that took hold in the previous session after the country's central bank unexpectedly raised the benchmark interest ...

Hamburger Face for Congress

New York Times: São Paulo, Brazil — It was a typical election in Brazil. Jesus and Osama bin Laden were running for Congress, as well as Barack Obama, Bob Marley, Santa Claus and Battman (with two Ts). The self-styled “Hamburger Face” unfortunately wasn't elected ...

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IN THE WAKE..

Hopes for Rebound in Brazil Rest With Dilma Rousseff, Re-elected President

New York Times: SÃO PAULO, Brazil – Business leaders and market strategists are hoping that Brazil, one of the world's largest economies, can regain its footing in the wake of the re-election of Dilma Rousseff as president. After Ms. Rousseff's victory, markets, as ...

Hopes for Rebound in Brazil Rest With Dilma Rousseff, Re-Elected President

New York Times: SÃO PAULO, Brazil — Business leaders and market strategists are hoping that Brazil, one of the world's largest economies, can regain its footing in the wake of the re-election of Dilma Rousseff as president. After Ms. Rousseff's victory, markets, as ...

Brazil lifts key rate to 11.25%

Brazil's central bank on Wednesday raised its key interest rate by 25 basis points to 11.25 percent -- the first hike since April -- in the wake of leftist Dilma Rousseff's re-election as president. "In the light of this, the committee considers it opportune to adjust monetary conditions" in order to facilitate a "more benign scenario for inflation in 2015 to 2016," the bank said in a statement ...

PRESIDENT DILMA ROUSSEFF..

Brazil shocks with interest rate hike in wake of election

CNBC: Brazil's central bank raised interest rates on Wednesday, surprising investors with a move that signals President Dilma Rousseff could make more market-friendly policy changes after her narrow re-election victory on Sunday. In a divided vote, the ...

All The President's Men (In Brazil)

Huffington Post: Re-elected Brazilian President Dilma Rousseff delivers a speech following her win, in Brasilia on October 26, 2014. Leftist incumbent Dilma Rousseff was re-elected president of Brazil, the country's Supreme Electoral Tribunal said, after a down-to-the ...

Brazil Market Okay For Now, But Investors Squeamish On Long Term

Forbes: The re-election of Brazilian president Dilma Rousseff did not wipe out local asset prices as many predicted. And even though many investment firms see the Bovespa index eventually bottoming out at 46,000 points before rallying again, the story on the ...

UPDATE 1-Rousseff says Brazil will recover, avoid credit downgrade

Reuters: (Updates with Rousseff's comments in TV interview). By Walter Brandimarte. RIO DE JANEIRO Oct 28 (Reuters) - Newly re-elected President Dilma Rousseff said on Tuesday that the Brazilian economy will recover in her second term and avoid a downgrade ...

Brazil shocks with interest rate hike in wake of election

Brazil's central bank raised interest rates on Wednesday, surprising investors with a bold move that signals President Dilma Rousseff could make more market-friendly policy changes after her narrow re-election victory on Sunday. In a divided vote, the central bank's board decided to raise its benchmark Selic rate (BRCBMP=ECI) by 25 basis points to 11.25 percent. With the hotly contested ...

Brazil set to hold interest rates ahead of policy changes

Brazil's central bank will likely keep interest rates steady for a fourth straight time on Wednesday, holding its ground until President Dilma Rousseff announces changes to economic policy following her narrow re-election victory. All 43 economists surveyed in a Reuters poll expect the central bank to keep its benchmark Selic rate unchanged at 11 percent. After narrowly defeating centrist ...

Readout of the President's Call with President Rousseff of Brazil

Readout of the President's Call with President Rousseff of Brazil . President Obama called President Dilma Rousseff this morning to congratulate her on her re-election. The President emphasized the strategic value of our ...

WALL STREET JOURNAL..

Oi, Telefónica, América Móvil Advance on Plans to Buy TIM in Brazil

Wall Street Journal: A formal proposal for the acquisition of TIM Particpações is likely to take place after Oi advances on its plans to sell its assets outside Brazil, including assets in PT Portugal and its controlling stake in Africatel Holdings BV. PT Portugal assets ...

Brazilian Markets Rally After Surprise Rate Increase

Wall Street Journal: BRASÍLIA—Brazilian markets rallied on Thursday after a surprising interest-rate increase showed the central bank's resolve to tame inflation, but the move stoked fears among some business people that economic growth won't resume soon. The Brazilian ...

Brazil Central Bank Raises Selic Rate to 11.25% From 11%

Wall Street Journal: Brazil fell into a recession in the first half of the year, and though the government has said the economy will rebound in the second half, a weekly survey by the central bank showed economists expect gross domestic product will expand less than 0.3 ...

OECD Commends Brazil on New Anti-Bribery Law, Expects Enforcement

The Organization for Economic Cooperation and Development said Brazil must build on the positive momentum it started with a new corporate liability law, and issue an implementing decree necessary for enforcement. The OECD's anti-bribery working group ...

IN BRAZIL..

In Brazil, Investors Wonder If Dilma Can Become 'Pragmatic Capitalist'

Forbes: Dilma Rousseff has taken her lumps from investors. Their vote was for rival Aécio Neves, even though most assumed they'd have to deal with her for four more years following Sunday's re-election victory. It was a radical acceptance. Markets did not ...

Brazil: the road to 2018

Open Democracy: Two problems and four names emerge from the results of the seventh presidential election in Brazil since the return to democracy in 1988. On Sunday 26 October, more than 110 million Brazilians went to vote after an eventful campaign. The drama ...

At Brazil auto show, industry wonders if it can get any worse

Reuters: SAO PAULO (Reuters) - Automakers in Brazil are facing the sharpest slowdown since 1999 and it could be a year or more before things turn the corner. It is tough to find a sunny 2015 forecast at the Sao Paulo Auto Show this week, where companies ...

The Educational Revolution in Brazil

One of the most talked about developments in Brazil during the last decade has been the creation and consolidation of an improving working class, a direct result of more efficient education and income distribution policies. When combined with a better standard of living, there has been enhanced social mobility among all Brazilians.

At Brazil auto show, industry wonders if it can get any worse

By Brad Haynes and Alberto Alerigi SAO PAULO (Reuters) - Automakers in Brazil are facing the sharpest slowdown since 1999 and it could be a year or more before things turn the corner. It is tough to find a sunny 2015 forecast at the Sao Paulo Auto Show this week, where companies accustomed to a market growing by double digits are now considering three straight years of declining sales. ...

ON FRIDAY..

Brazil's first solar power auction to clear 500 MW of new plants

Reuters: SAO PAULO Oct 30 (Reuters) - Brazil will take its first leap into commercial solar power generation on Friday with a rights auction of at least 500 megawatts of new solar parks, adding a new energy source as a drought reveals the danger of depending on ...

Brazil's first solar power auction to clear 500 MW of new plants

Brazil will take its first leap into commercial solar power generation on Friday with a rights auction of at least 500 megawatts of new solar parks, adding a new energy source as a drought reveals the danger of depending on hydropower. Sun-kissed Brazil has one of the highest solar radiation factors in the world and plenty of land for solar farms, plus large reserves of silicon to make solar ...

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