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News & Articles

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07/28/15 Brazil offers firms tax breaks for hiring youths

President Dilma Rousseff on Tuesday announced a government initiative to promote youth employment at a time when Brazil's jobless rate is on the rise due to a weak economy. The program is aimed at fostering the hiring of young...

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07/28/15 Telecom Italia to beef up Brazil unit's management to stem falling sales

Telecom Italia is to bolster its Brazilian unit with the addition of a chief operating officer to help revive sales and get the company in shape ahead of possible industry consolidation, two people with direct knowledge of the...

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07/28/15 Brazil's Via Varejo eyes M&A opportunities; shares sink

Via Varejo SA, Brazil's largest appliance retailer, could use acquisitions as a way to counter weak domestic sales of consumer electronics, refrigerators and furniture, Chief Executive Office Libano Barroso said on Tuesday....

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07/28/15 GM to double Brazil investment through 2019

General Motors Co (GM.N) plans to double its investment in Brazil to 13 billion reais ($3.8 billion) through 2019 and introduce a new family of vehicles into the country, the U.S. carmaker's executives said on Tuesday. Speaking...

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07/27/15 Sebastião Salgado focuses on big picture with parable of reforestation in Brazil

When the renowned Brazilian photographer Sebastião Salgado took over family land in the state of Minas Gerais, instead of the tropical paradise that he remembered as a child, he found the trees cut down and the wildlife gone. He...

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07/23/15 Britvic to Buy Brazilian Soft-Drinks Leader Amid Overseas Push

Britvic Plc, the U.K. drinks company responsible for brands such as Fruit Shoot, said it will pay about 121 million pounds ($189 million) for Brazil’s Empresa Brasileira de Bebidas e Alimentos SA, gaining leadership of the world’...

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07/22/15 This is what Brazil’s startup ecosystem looks like: An open source guide

Brazil is one of the fastest rising economies in the world. With around 200 million people, a growing middle class, and the 7th largest economy by nominal GDP, Brazil has a lot to offer. Here, you can see Brazil’s exciting...

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07/20/15 China's State Grid to build Brazil's longest power line

China's State Grid won a concession on Friday to build and operate the second power transmission line to connect the massive Belo Monte hydropower plant to the national Brazilian grid. Belo Monte's second line will be Brazil's...

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07/13/15 Brazil to update budget projections next week, minister says

The Brazilian government will update its fiscal projections in a bimonthly report next week, Planning Minister Nelson Barbosa told journalists on Monday, leaving the door open to amending a key fiscal target. When asked if the...

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07/13/15 MRPL buys first cargo of Brazil's Ostra oil

The Mangalore Refinery and Petrochemicals (MRPL) has made its first purchase of Brazil's Ostra crude, two trade sources with knowledge of the deal said on Friday. It bought a 900,000-barrel cargo for loading in the second half of...

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07/13/15 Brazil’s Gol Airline Deepens Delta Ties

Brazilian airline GOL Linhas Aereas Inteligentes SA said Friday it is planning a $146 million capital increase to be divvied up between its controlling shareholder and U.S. carrier Delta Air Lines, deepening an existing...

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07/10/15 Brazil says 17 companies interested in upcoming oil rights auction

Brazil's oil regulator ANP said on Thursday that 17 companies from eight countries are interested in bidding for oil exploration and production rights in an upcoming auction. Half of those companies are considered large operators...

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07/10/15 Brazil government preparing measures to boost vehicle exports

Brazil's government is preparing measures to increase vehicle exports, part of a plan to bolster its faltering automobile industry, the country's most important manufacturer, the head of the country's automakers association said...

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07/09/15 ACCIONA TO SUPPLY 99 MEGAWATTS OF WIND GEAR FOR BRAZIL PROJECT

Acciona SA, Spain’s second-largest clean-energy company, agreed to supply wind turbines with 99 megawatts of capacity for a power project in Brazil. The company expects to begin delivering the turbines to the French clean-energy...

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07/08/15 Shell’s $70 Billion BG Purchase Approved by Brazil Regulator

Royal Dutch Shell Plc obtained regulatory approval from Brazil to buy BG Group Plc, clearing another antitrust hurdle to completing the $70 billion acquisition. Cade, as the regulator is known, published a decision approving the...

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07/07/15 “Estamos caminhando para a autossutentabilidade na Iquego”

A indústria farmacêutica foi uma das que não sofreram tanto com o impacto do momento econômico. Aliás, em Goiás, o setor opera em crescimento. Tanto que foi representar o Brasil no Seminário de Negócios Brazil Pharma, realizado...

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07/06/15 Priceline invests $60 mln in Brazil travel website Hotel Urbano

Priceline Group Inc has invested $60 million for a minority stake in Brazilian online travel agency Hotel Urbano as part of a strategic partnership ahead of the 2016 Olympic Games in Rio de Janeiro. Rio-based Hotel Urbano, which...

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07/02/15 Brazil posts June trade surplus of $4.5 bln

Brazil had a trade surplus of $4.527 billion in June, government data showed on Wednesday, above market estimates for a surplus of $4 billion. The country posted a trade surplus of $2.76 billion in May. After running a deficit at...

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07/01/15 Xiaomi takes first big step outside Asia with Brazil smartphone

Chinese smartphone maker Xiaomi has started making devices in Brazil for sale locally, promising to dramatically undercut rivals on price in the first big step beyond Asia for the world's most valuable technology start-up. Xiaomi...

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07/01/15 US opening market to Argentina, Brazil beef imports

Argentina and Brazil hailed news that they will soon be able to export fresh beef into the United States after a longtime ban. Argentine Foreign Minister Hector Timerman said Tuesday that Mexico and Canada will also reopen their...

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