Among the 12 countries set to benefit are new gas exploration hotspot Tanzania, which owes Brazil $237m (£157m), along with oil-producing Republic of Congo and copper-rich Zambia. Most of the debt was accumulated in the 1970s and had been renegotiated previously, Traumann added. “Brazil has great expertise in what we call ‘tropicalising’ European crops. We [...]
São Paulo, Brazil — With the sluggish U.S. economic recovery and nagging debt, American taxpayers probably aren’t in the mood to be helping others around the world — even their nearest neighbors. But as Vice President Joe Biden embarks on a three-nation Latin American tour Sunday, beginning in Colombia, foreign relations observers say the Obama [...]
In yet another case, men abducted and raped a working-class woman in a transit van as it wended through densely populated areas. The police failed to investigate, and a week later the same men raped a 21-year-old American student in the same van, pummeling her face and beating her male companion with a metal bar. [...]
* Brazil striker chooses Spanish champions over Real Madrid * Will link with Argentina’s Messi at Nou Camp * One final game for Santos on Sunday (Adds further quotes and detail) By Pedro Fonseca RIO DE JANEIRO, May 25 (Reuters) – Brazil’s gifted World Cup hope Neymar is moving to Spanish champions Barcelona, the striker [...]
Latin America’s biggest country will show a modest recovery in gross domestic product when first-quarter figures are released next week, but economists say it is too soon to celebrate a full-fledged 2013 recovery. A survey of 14 economists by Dow Jones Newswires resulted in a median forecast of 2.38% for year-on-year first-quarter economic expansion. Actual [...]
Thu May 23, 2013 8:35am EDT * Lowest rate for the month in more than a decade * Wages drop 0.2 percent from March as prices weigh By Silvio Cascione SAO PAULO, May 23 (Reuters) – Brazil’s jobless rate rose slightly in April for the fourth straight month but remained near record lows, suggesting that [...]
“Brazil in essence needs to become more like China, with its investment growth, and China needs to learn from Brazil in how to support consumer spending,” said Capital Economics’ chief emerging markets economist, Neil Shearing, in a pan-EM report. Growth has slowed in both the EM giants, as the impact of euro zone woes and [...]
Brazil’s National Monetary Council authorized on Thursday an increase of the coverage of the country’s FGC bank deposit guarantee fund to provide greater protection to depositors and align the country’s policies with deposit guarantee practices abroad, the council said. The move had previously been approved at a board meeting of institutions participating in the FGC [...]
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Brazil’s Federal Police say nine people have been arrested on suspicion of sexually abusing Indians girls in the northern state of Amazonas. The force says two women and seven men in the city of Sao Gabriel da Cachoeira are in custody for the alleged sexual exploitation and abuse of Indian girls between the ages of [...]