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News & Articles

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01/30/15 Minas Gerais plans US$383mn project to combat drought

he governor of the drought-stricken state of Minas Gerais in Brazil, Fernando Pimentel, is seeking federal government support for a river transposition project aimed at boosting water supply in state capital Belo Horizonte. The...

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01/30/15 Brazil's fiscal austerity won't affect IT industry, believes Totvs

President Dilma Rousseff's second term fiscal belt-tightening measures will not be directed at Brazil's IT industry, undoing major tax breaks granted to this segment in recent years, in the opinion of executives from Brazil's...

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01/29/15 Telecom Italia CEO sees big rise in 2015 Brazil investments

Telecom Italia SpA plans to invest "significantly more" in Brazil this year, Chief Executive Marco Patuano told reporters on Thursday following a meeting with Brazilian communications minister Ricardo Berzoini.

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01/29/15 Emerging market e-commerce: Retail optimism over Brazil's online grocery channel

Brazil's online food retail market is, as in many emerging markets, still in its infancy. According to Euromonitor, online sales of packaged food reached US$259m in 2014, up from $233m in 2013, but still a tiny portion of total...

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01/28/15 Norwegian Opens Cruise Sales Center in Brazil

While the two biggest cruise companies are aggressively expanding into China, Norwegian Cruise Line Holdings Ltd. (NCLH) is heading south to Brazil. The parent company of Norwegian Cruise Line, Oceania Cruises and Regent Seven...

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01/28/15 MHG Enters EU, Brazil With Purchase of Six Tivoli Hotels

The Minor Hotel Group agreed to buy six hotels in Portugal and Brazil from Tivoli Hotels & Resorts for 168 million euros ($191 million) as part of the Thailand-based group’s expansion into Europe and South America. The group...

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01/28/15 Flights to Brazil increased by 30.7 pct. in 4 years

Brazil last year was the destination for 64,904 international flights, a 30.7 percent increase over the 49,557 that went to the South American giant in 2010, the country's public tourism promotion company, Embratur, announced...

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01/28/15 Gamesa to supply 84MW in turbines to Brazil wind farms

Gamesa has secured a contract to supply, transport, install and commission 42 turbines (2MW each) at Força Eólica do Brasil's wind farms in Rio Grande do Norte in northeast Brazil. The firm will deliver 15 turbines to the Santana...

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01/28/15 Brazil's southeast mulls building US$2.7bn railway

Espírito Santo governor Paulo Hartung of Brazil's PMDB opposition party is pushing for the construction of a 7bn-real (US$2.69bn) railway that will connect sea ports in the southeastern states of Espírito Santo and Rio de Janeiro...

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01/28/15 Brazil mulls Amazon submarine fiber network

Brazilian authorities are studying a proposal to deploy nearly 8,000km of underwater fiber optic cables in the Amazon basin. Plans were presented on Friday to communications minister Ricardo Berzoini for consideration. If the...

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01/26/15 Governo federal inclui no PAC projeto de transposição da bacia do Paraíba do Sul ao Sistema Cantareira

O Comitê Gestor do Programa de Aceleração do Crescimento – CGPAC aprovou nesta quinta-feira (22) a inclusão do empreendimento de interligação do reservatório Jaguari-Atibainha na carteira do PAC. A obra faz parte dos projetos de...

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01/23/15 Brazil telecom firms set for bid for TIM after Portuguese deal

A group of Brazilian telecommunications companies is ready to make a bid for wireless carrier TIM Participações SA in the short term, a source with knowledge of the situation told Reuters, after Oi SA secured shareholder approval...

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01/21/15 Intuit Buys ZeroPaper, Its First Acquisition In Brazil

Accounting software giant Intuit is looking to raise its game in international and emerging markets, and it’s doing so in part by way of acquisition: the U.S. company has bought ZeroPaper, a startup out of Brazil that offers...

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01/21/15 Brazil Real Leads Global Gains as Tax Increases Fuel Optimism

Brazil’s real led global currency gains as Finance Minister Joaquim Levy’s announcement of tax increases added to optimism that the government will pare deficits and avoid a reduced credit rating. The currency appreciated 1.5...

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01/21/15 Ethanol Mills Benefit From Brazil Gas-Price Control: Commodities

Ethanol producers in Brazil used to hate government controls on gasoline prices that forced them to lower prices to be competitive. Now that oil prices globally have slumped by more than half, they can’t live without them. The...

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01/20/15 Brazil's HRT says to buy Shell's stake in Campos areas

Brazilian oil and gas company HRT has reached an agreement to buy Royal-Dutch Shell assets in the Campos Basin for an undisclosed sum, the company said in a statement on Tuesday. HRT said it would acquire Shell's 80 percent stake...

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01/16/15 Recovering Europe, strong Brazil lift Carrefour sales

Sales growth for Carrefour accelerated in the fourth quarter, with the world's second largest retailer starting to see the benefits of efforts to revive its core European businesses. Buoyant growth in Brazil, Carrefour's largest...

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01/16/15 Rio announces 2016 Olympics ticket sales programme

Organisers of the Rio de Janeiro Olympics have announced details of its ticket programme for the 2016 Games. Seventy percent of tickets will be reserved for residents of Brazil, said the Rio Committee. Fans can register online...

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01/15/15 How Brazil's cell phone boom is shaking up politics and journalism

As Brazil's smartphone market grows, so has the demand for texting apps, and Whatsapp currently reigns supreme. The application, which allows users to send SMS messages using Wifi or phone data, has created a shift in how many...

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01/15/15 Brazilian clubs seeking slice of American pie

European teams have been making inroads into the U.S. with transfer deals, franchise partnerships and pre-season tours and now Brazilian clubs are seeking a slice of the action on and off the field. Brazilians are investing in U....

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