Brazilian markets have gone bullish on the recent surge of a candidate who could knock Dilma Rousseff out of the presidency in October.» Read More
BRASILIA, Aug 14- General Motors Co will invest 6.5 billion reais in Brazil over the next five years, Chief Executive Officer Mary Barra said on Thursday, reaffirming the automaker's long-term plans despite a sharp downturn in the local market.
BRASILIA, Aug 14- Brazilian environmentalist Marina Silva is still in shock from the death of presidential candidate Eduardo Campos and has not begun to consider whether she will run in his place, a close friend said on Thursday.
SAO PAULO, Aug 14- The late entry of environmentalist Marina Silva into Brazil's presidential race following the death of her running mate could rally young voters and those upset over a sluggish economy and corruption, but introduce new uncertainty for investors wary of her record of unpredictable decisions.
BRASILIA, Aug 14- General Motors Co will invest 6.5 billion reais in Brazil over the next five years, Chief Executive Officer Mary Barra said on Thursday. Speaking to reporters in Brasilia after meeting President Dilma Rousseff, Barra said the new investment will spent on new products, technology and maintaining plants.
CNBC's Michelle Caruso-Cabrera discusses what the death of Brazilian President Candidate Eduardo Campos means for the election.
Brazilian presidential candidate Eduardo Campos was killed in a plane crash in the southeastern city of Santos on Wednesday.
SANTOS, Brazil, Aug 13- Brazilian presidential candidate Eduardo Campos was killed in a plane crash on Wednesday, throwing the October election into disarray and causing big swings in local financial markets.
CNBC's Michelle Caruso-Cabrera reports Brazilian President Candidate Eduardo Campos was the third place candidate before he was killed in a plane crash.
Some unwanted ingredients are now being added to it and most consumers are none the wiser, The Fiscal Times reports.
CNBC's Michelle Caruso-Cabrera provides insight to a Reuters report regarding a plane crash that reportedly killed Brazilian President candidate Eduardo Campos, and the reaction in the Brazilian market.
SAO PAULO, Aug 12- The opening of Brazil's iron ore export terminal Porto Sudeste might be pushed back to next year, according to the CEO of steelmaker Usiminas, which has a contract to ship ore through the port.
Chris Konstantinos, Director of International Portfolio Management at Riverfront Investment Group, explains why the Chinese stock market is likely to outperform its BRIC peers.
BRASILIA, Aug 11- Brazil's government is considering raising gasoline prices by up to 6 percent after elections in October, a long-awaited move that would help struggling oil giant Petrobras but would also stoke inflation in an already sluggish economy.
Aug 11- Juice maker Cutrale and investment firm Safra Group said on Monday they had offered to acquire U.S.-based Chiquita Brands International Inc in a $610.5 million cash deal that rivaled an all-stock agreement with Irish tropical fruit company Fyffes Plc. The combined market value of Chiquita and Fyffes is currently close to $1 billion.
Sunny Mann, partner at Baker & McKenzie, says that the Russian ban on some Western products could benefit some countries - including Brazil - and advises Western businesses to make contingency plans.
SAO PAULO, Aug 7- Net income at Cetip SA Mercados Organizados, Brazil's largest securities clearinghouse, missed estimates for the second quarter after expenses rose faster than expected. Profit at the Sao Paulo- based company reached 99.5 million reais in the quarter, up 9.1 percent from a year earlier but down 0.5 percent on a quarterly basis.
Around 90 new meat plants in Brazil were immediately approved to export beef, chicken and pork to Russia and the South American nation is already working to increase its exports of corn and soybeans sales to Russian buyers, Brazil's secretary of agricultural policy, Seneri Paludo, said on Thursday.
BRASILIA, Aug 7- If Aecio Neves wins the presidency this October, he would allow Brazil's currency to float freely, leaving the market to set the exchange rate in a move that would likely help local industries struggling with a strong real.
Paludo said around 90 new plants in Brazil had already been approved to export beef, chicken and pork to Russia. Russia banned all imports of U.S. food products as well as fruit and vegetables from the European Union on Wednesday after President Vladimir Putin ordered retaliation for Western sanctions against Moscow over the Ukraine crisis.
*Russia ban is in retaliation for Western sanctions. MOSCOW, Aug 6- Russia has escalated an economic battle set off by the crisis in Ukraine with a ban on all food imports from the United States and on fruit and vegetables from the European Union, dropping any pretence these might be for food safety reasons.