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01/31/17 Facebook seeks Brazil country manager

Facebook is now looking for a new country manager for Brazil, as the previous incumbent, Marcos Angelini, has stepped down earlier this month. The executive decided to leave the company after returning from holidays last week,...

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01/30/17 Brazil supermarket sales rise 2.23 pct in December, Abras says

Brazilian supermarket sales rose 2.23 percent in real terms in December from a year ago, industry group Abras said on Monday, suggesting resilient demand for food, toiletry and cleaning items despite a severe recession. Sales...

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01/30/17 Growing Hunger for Brazilian Chicken as Bird Flu Spreads

The bird flu outbreak sweeping across Asia and Europe means you may soon be eating more Brazilian chicken. The world’s top exporter has been untouched by the highly contagious virus that led to widespread culling of birds -- more...

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01/30/17 Luxottica buys Brazil retailer Oticas Carol in 110 million euro deal

Italian eyewear group Luxottica (LUX.MI) has agreed to buy Brazilian optical chain Oticas Carol in a 110 million euro ($117 million) deal that expands its retail footprint in the South American country. Luxottica, which earlier...

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01/30/17 First images of unique Brazilian coral reef at mouth of Amazon

The first images have been released of a unique coral reef that stunned scientists when discovered in 2016 at the mouth of the Amazon. The 600 mile-long reef is expected to reveal new species as scientists explore it further, but...

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01/27/17 Brazil sees opportunities if Trump pursues protectionism

Brazil has an opportunity to strengthen ties with Pacific and European nations that could be targeted if U.S. President Donald Trump pursues protectionist policies, the Brazilian trade minister said on Thursday. In an interview...

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01/26/17 Foreign investment reaches highest level since 2010

Brazil has begun to regain international trust in the wake of economic reforms proposed by the government. A total US$ 15.4 billion in direct investment entered the country in December 2016, a record high for the year and the...

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01/26/17 Rio’s Olympic Park Opens to Public on Weekends

On Saturday, January 21st, new mayor of Rio Marcelo Crivella opened the Via Olímpica, a part of the Olympic Park in Barra da Tijuca, to the public. The space is planned to open every weekend and on public holidays for use by...

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01/25/17 Cooperation agreement will inject US$ 1.5 billion in scientific research in Brazil

A cooperation agreement between the Brazilian government and the Inter-American Development Bank (IADB) will inject US$ 1.5 billion into the funding of scientific research in the country. The information was confirmed this...

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01/25/17 Brazil's consumer confidence rises in January on rate cuts

Consumer confidence in Brazil rose in January as a surprise inflation drop allowed the central bank to cut interest rates more aggressively, easing the burden on debt-laden families, a private survey showed on Wednesday. The...

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01/24/17 Brazilian coffee accounts for 31.3% of global production

The coffee harvest in Brazil may reach 47.51 million bags of 60 kg this year. If the value is confirmed, the country will have accounted for 31.3% of global output. The information, supplied by the Brazilian Agricultural Research...

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01/24/17 Brazil stocks at highest in nearly 5 years on rising commodities

Brazilian stocks hit a nearly five-year high on Tuesday as rising prices of commodities boosted shares of miner Vale SA and state-controlled oil company Petrobras. Shares of Vale, the world's largest iron ore producer, rose to...

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01/24/17 Interesse por mercado livre de energia ganhou força em 2016

A migração de empresas para o mercado livre de energia teve crescimento expressivo em 2016. Segundo dados da Câmara de Comercialização de Energia Elétrica – CCEE, o número de pedidos de adesões aprovados foi 25 vezes superior a...

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01/24/17 Brazil's external deficit shrinks in 2016, covered by FDI

Brazil's central bank recorded a current account deficit of $23.507 billion in 2016, shrinking from the previous year and covered entirely by the $78.9 billion in foreign direct investment that flowed into the country, central...

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01/23/17 Uber invests R$200m in tech support center in Brazil

Transportation services company Uber has announced a multimillion-dollar investment in the launch of a new facility that will provide technical support to its customers and drivers in Brazil. A R$200m ($63m) boost to the...

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01/23/17 After Davos, Meirelles believes in further growth for Brazil

Finance Minister attended the World Economic Forum in Switzerland and felt that reforms made by the government generated "great interest" from international investors. The "great interest" shown by international investors during...

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01/20/17 Brazil: A look into Latin America’s largest startup ecosystem

In September 2012, Forbes published a lengthy feature heralding Brazil’s arrival as “one of the most entrepreneurial countries in the world.” At the time, the South American giant had been powering through a global recession,...

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01/20/17 Kirin mulling sale of Brazilian beer business

Japanese beer maker Kirin Holdings Co. Ltd. (2503.TO) said Friday that it is mulling the sale of its money-losing beer business in Brazil to others, including Heineken. "We are considering a strategic alliance with other...

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01/19/17 Brazil real strengthens as central bank increases intervention

The Brazilian real strengthened on Thursday after the central bank increased market intervention to support the currency. The central bank sold $750 million worth of traditional currency swaps, which function like dollar sales...

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01/19/17 Brazil says not worried about strong dollar as rate cuts intensify

Brazil is not concerned about a strong dollar as prospects of an economic recovery and higher commodity prices have helped support the local currency, Finance Minister Henrique Meirelles and central bank governor Ilan Goldfajn...

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