At least two dozen heads of state were due to attend Hugo Chavez's funeral on Friday during an outpouring of grief for the charismatic but divisive Venezuelan leader who changed the face of politics in South America.» Read More
The planned 350 km per hour bullet train will run between Rio de Janeiro, Sao Paulo and the fast-growing adjacent city of Campinas by 2020, said Bernardo Figueiredo, head of the government agency in charge of infrastructure projects.
BRASILIA, Dec 13- Brazil's ports are among the slowest and most costly in the world due poor infrastructure, high taxes, excessive red-tape and deficient road and rail access, the country's private transport sector said in a report.
SAO PAULO/ MOSCOW, Dec 13- Brazilian planemaker Embraer SA won regulatory approval for its biggest regional jets to fly in Russia, the company said on Thursday, following a meeting between the countries' leaders.
*Recovery at Brazil's No. 3 consumer electronics store. SAO PAULO, Dec 11- For anyone wondering if Brazil's economy is broken, retailer Magazine Luiza has an answer- a three-story-tall Christmas tree made of flat-screen TVs.
BRASILIA, Dec 7- Leaders of South America's Mercosur trade bloc gathered on Friday to consider adding two left-leaning governments to its ranks, but the meeting was overshadowed by growing protectionism and an undeclared trade war between Brazil and Argentina that threatens to rip the group apart.
The downbeat forecast spells more bad news for Brazil's struggling economy, which is the world's No. 4 car market and a key source of growth for U.S. and European auto companies such as General Motors Co and Volkswagen AG. Brazil's auto output last declined in 2002, by 2.4 percent; it has averaged 9 percent growth since then.
The downbeat forecast spells more bad news for Brazil's struggling economy, which is the world's No. 4 car market and a key source of growth for U.S. and European auto companies. Brazil's auto output last declined in 2002, by 2.4 percent, and has averaged 9 percent annual growth since then.
BRASILIA, Dec 6- Brazil's government on Thursday unveiled a $26 billion public-private drive to modernize clogged sea ports, whose high costs and notorious delays are eroding the country's competitive edge as a major commodities exporter.
*Barclays, Citi, Santander, Itau BBA see rate cuts in 2013 Central bank minutes little changed from prior meeting. SAO PAULO, Dec 6- Several banks on Thursday bet that Brazil would see even lower interest rates, even as the central bank reiterated its willingness to leave them unchanged for a long time.
*Aims to make Brazil's ports more efficient, lower cargo costs. BRASILIA, Dec 6- Brazil's government said it was counting on an "explosion" of private investment to help modernize the country's clogged sea ports whose high costs and notorious delays are shredding its competitive edge as a major commodities exporter.
BRASILIA, Dec 6- Brazil's government launched a $26 billion port investment program on Thursday to reduce the high costs and notorious delays in shipping goods in and out of the major commodities exporter.
*Banks cut head count, focus on efficiency. SAO PAULO, Dec 5- President Dilma Rousseff's government has pulled out all the stops to persuade Brazilian banks to lend more- pushing interest rates to an all-time low, leaning on state-run lenders, and even publicly shaming the industry for its high profits.
*Brazil extends capital goods loan program for 2013. BRASILIA, Dec 5- President Dilma Rousseff announced on Wednesday the extension of a government lending program to boost purchases of capital goods, telling business leaders Brazil must increase industrial investment if it is to restore vigorous economic growth.
BRASILIA, Dec 5- President Dilma Rousseff announced on Wednesday the extension of a government lending program to boost purchases of capital goods, telling business leaders Brazil must increase industrial investment if it is to restore vigorous economic growth.
BRASILIA, Dec 5- Brazil will expand a special lending program to boost investment in capital goods operated through the state development bank BNDES to 80 billion reais for 2013, President Dilma Rousseff said in a speech to the National Industry Confederation.
SAO PAULO, Dec 5- Brazil's car market will grow between 2 percent and 4 percent in 2013, depending on the pace of economic growth and a possible extension of a tax break on automobiles, Steven Armstrong, Ford Motor Co's chief executive in Brazil, said on Wednesday.
*Utilities in Sao Paulo, Minas Gerais, Parana, reject offer. BRASILIA, Dec 4- Brazil will have to live with a smaller-than-hoped-for drop in electricity prices next year after several utilities rejected a government offer for early renewal of their power concessions in exchange for charging lower rates.
BRASILIA, Dec 4- Brazil's government on Tuesday extended tax breaks to the country's construction industry in a new effort to encourage investment and boost flagging growth in the world's sixth-largest economy.
October's figures were the first annual rise in industrial production since August 2011, when Brazil's central bank began a series of interest rate cuts aimed at protecting Latin America's largest economy from the effects of a global slowdown.
BRASILIA, Nov 30- President Dilma Rousseff on Friday vetoed parts of a controversial royalties bill that pit Brazil's oil-producing states against the rest of the country in a battle over future oil wealth.