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Brazil

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  • Brazil enters recession in run-up to election Friday, 29 Aug 2014 | 11:27 PM ET

    Brazil suffered a recession in the first half of the year as investment plunged and the country's hosting of the World Cup suffocated economic activity.

  • SAO PAULO, Aug 29- Opposition presidential candidate Marina Silva said on Friday that Brazil's recession is very worrying and her government would work to restore the credibility of the country's economic policies to recover investment and growth if elected. It also called for an overhaul of Brazil's complex and onerous tax system.

  • BRIC wall: Brazil's economy slips into a recession Friday, 29 Aug 2014 | 9:38 AM ET

    RIO DE JANEIRO— Brazil's economy, once an emerging-market darling, fell into recession, according to government data released Friday, as millions of new middle class citizens tightened their belts and further dampened a credit-driven spending spree.

  • SAO PAULO, Aug 29- Brazil suffered a recession in the first half of the year as investment plunged and the country's hosting of the World Cup suffocated economic activity, a major blow to President Dilma Rousseff's already diminishing hopes for reelection in October.

  • Brazil dismantles large deforestation gang Friday, 29 Aug 2014 | 7:16 AM ET

    SAO PAULO— The "largest deforestation gang" active in Brazil's Amazon rain forest has been dismantled, authorities said Thursday. According to the statement, the group allegedly is responsible for the destruction of 38,000 acres of rain forest, an area equivalent to the size of the British Virgin Islands.

  • BRASILIA, Aug 28- Brazil's finance minister waded into the country's presidential campaign on Thursday, warning that an opposition victory in the October election could push the economy into recession and undo a decade of social gains under the ruling Workers' Party.

  • *Telefonica wins out with higher bid than Telecom Italia. PARIS, Aug 28- French media company Vivendi picked Telefonica for exclusive talks over the sale of its Brazilian broadband unit GVT, spurning a rival bid from Telecom Italia. Vivendi's decision deals a blow to Telecom Italia.

  • TOKYO, Aug 28- Japan Airlines Co said on Thursday it has agreed to buy 32 Mitsubishi Regional Jets worth around $1.5 billion, giving Japan's first domestically manufactured commercial passenger plane in half a century a needed sales boost.

  • RIO DE JANEIRO/ PARIS, Aug 27- Brazil's Grupo Oi SA unveiled plans on Wednesday to take over Telecom Italia's local mobile unit, in a move sources said was aimed at breaking up the country's second-biggest wireless carrier and upstaging merger bids by foreign rivals.

  • RIO DE JANEIRO, Aug 27- Investors are warming up to a possible victory by Marina Silva in Brazil's presidential election as the popular environmentalist emerges as their best shot at avoiding four more years of a government they strongly dislike.

  • BRASILIA, Aug 27- Environmentalist Marina Silva would handily beat President Dilma Rousseff if Brazil's October election goes to a runoff, a poll showed on Wednesday, an outcome that seemed unimaginable just a few weeks ago and one that would put an end to 12 years of Workers' Party rule.

  • BRASILIA, Aug 26- A surging Marina Silva has narrowed President Dilma Rousseff's lead in Brazil's presidential race, a new opinion poll showed on Tuesday, paving the way for a likely second-round runoff in which the popular environmentalist looks well-positioned to win.

  • SAO PAULO/ BRASILIA, Aug 22- Many of Brazil's biggest retailers, homebuilders and carmakers are cutting jobs as Latin America's largest economy teeters on the edge of recession, a fresh blow to President Dilma Rousseff's re-election bid.

  • Amazon starts selling physical books in Brazil Thursday, 21 Aug 2014 | 12:14 PM ET

    SAO PAULO— Online retailer Amazon has started selling physical books in Brazil, two years after it began selling books in digital format in Latin America's biggest country. In a statement posted on the company's website, CEO Jeff Bezos says Amazon's new service will offer more than 150,000 titles in Portuguese starting Thursday.

  • Brazil expands labor rights for domestic workers Thursday, 21 Aug 2014 | 12:01 AM ET

    RIO DE JANEIRO— Nivea dos Santos got her first job as a live-in maid at age 12, dusting, vacuuming, ironing and polishing the silver of a wealthy Rio de Janeiro family from dawn until she'd fall, exhausted, into bed. More than two decades later, Brazil has passed legislation aimed at preventing such abuses.

  • DIARY - Emerging Markets Economic Events to Sep 3 Wednesday, 20 Aug 2014 | 8:02 PM ET

    Aug 21- For other related diaries, please. NEW DELHI- Indian Finance Minister Arun Jaitley will attend a banking event in New Delhi. NEW DELHI- RBI Deputy Governor Rama Subramaniam Gandhi will participate in a panel discussion on G20- 0830 GMT.

  • SAO PAULO, Aug 20- Thrust by tragedy into the center of Brazil's presidential race, environmentalist Marina Silva is riding a groundswell of anti-establishment anger but her chances hinge on expanding her coalition and winning over mainstream voters and business leaders.

  • SAO PAULO/ RIO DE JANEIRO, Aug 20- Brazil cut the amount of capital that commercial banks must put on compulsory deposit with the central bank in an effort to free up more capital for loans and boost a stagnant economy, the bank said in a statement on Wednesday.

  • BRASILIA, Aug 18- Marina Silva's entry into Brazil's presidential race will almost certainly force the October election into a second-round runoff and the environmentalist could even unseat President Dilma Rousseff, according to a poll released on Monday.

  • BRASILIA, Aug 15- Environmentalist Marina Silva could defeat President Dilma Rousseff if Brazil's October election goes to a second-round run-off, according to a new poll that saw the challenger entering the race in second place.