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Brazil

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  • BRASILIA, May 11- Brazil could offer an improved rate of return for investment in multibillion-dollar projects aimed at overhauling its aging infrastructure and ease requirements as it seeks to lure more private capital, five officials close to policy talks told Reuters. A fiscal austerity push that cut government financing has forced President Dilma...

  • BELO HORIZONTE, BRAZIL, May 11- Anglo American may increase capacity at its Minas-Rio iron ore mine in Brazil by nearly 10 percent, a move that could cut unit costs at the troubled $13 billion project, the company's Brazil chief executive said on Monday. Production volume could rise as high as 29 million tonnes, 9.4 percent more than the mine's expected capacity of...

  • May 11- Brazilian telecom group Oi SA is reconsidering the sale of its African assets as relations improve with an estranged partner, Chief Executive Bayard Gontijo said on Monday. "We are changing the center of gravity from Lisbon to Brasilia," Gontijo said, adding that relations with Isabel dos Santos, the daughter of Angolan President Jose Eduardo dos Santos,...

  • RIO DE JANEIRO, May 8- Brazil's monthly inflation rate eased more than expected in April to the lowest in five months, data showed on Friday, underpinning government expectations that the worst of Brazil's recent price surge is over. Brazil's annual inflation rate remained well above the government's target at a 11- year high, though, backing up forecasts for...

  • BRASILIA/ SAO PAULO, May 8- Brazil Finance Minister Joaquim Levy's four-month-old austerity plan is encountering growing resistance in Congress, as some legislators say his policies may deepen a looming recession. This week, leaders in President Dilma Rousseff's own Workers' Party refused to pass a reduction in social welfare benefits designed to save the...

  • BRASILIA, May 7- Brazilian Finance Minister Joaquim Levy on Thursday defended unpopular austerity measures and floated the idea of setting a target to lower the country's ballooning overall budget deficit. In a narrow vote, Brazil's House of Deputies approved on Wednesday a watered-down version of a bill to cut unemployment benefits. Brazil's 12- month...

  • BRASILIA, May 7- Brazilian Finance Minister Joaquim Levy said on Thursday that the government's fiscal adjustment should be done quickly to pave the way for faster economic growth in the future.

  • SAO PAULO, May 7- German engineering firm Bilfinger has become the first international company to disclose to Brazil that it may have paid bribes as it seeks leniency under a new anti-corruption law, Comptroller General Valdir Simão said on Thursday. By reporting potential graft to the comptroller, known by the acronym CGU, Bilfinger hopes to continue...

  • The places close to USA where China is winning Wednesday, 6 May 2015 | 1:34 PM ET
    China's President Xi Jinping, left, is welcomed by his Brazilian counterpart Dilma Rousseff at Planalto Palace on July 17, 2014 in Brasilia.

    "The Chinese government hopes to develop itself on par with (the United States), Europe and Russia as an international leader," says one expert.

  • LISBON, May 5- A long-expected consolidation of Brazil's telecoms industry that is likely to involve rivals Oi and TIM has run into delays but should go ahead in 2016, a representative of Oi's largest shareholder, Portugal Telecom SGPS, said on Tuesday. Rafael Mora, who is a board member of both PT and Oi, said changes to the shareholder structure of Telecom Italia-...

  • SAO PAULO, May 4- Recent setbacks for prosecutors in a huge corruption scheme at Brazil's state-run oil company Petroleo Brasileiro SA suggest they will struggle to win as many convictions as they seek. The Supreme Court's decision last week to release from jail nine executives at construction companies suspected of paying bribes in the scheme, and put them...

  • BERLIN, May 4- European aviation safety regulators introduced new training requirements on Monday to help prevent accidents by pilots losing control of planes in-flight, such as during a stall or in bad weather. In one such accident, an Air France jet flying between Rio de Janeiro and Paris plunged into the Atlantic Ocean during a storm in June, 2009, killing all...

  • Why Jim O'Neill, others see bullish case for India Monday, 4 May 2015 | 12:25 PM ET
    Indian Prime Minister Narendra Modi.

    The country's stock market fell 1.8% after a huge surge last year, but India may still be lucrative for foreign investors.

  • Cramer: Quit crying! This group's ready for buying Friday, 1 May 2015 | 6:29 PM ET
    Wholesale

    Jim Cramer has had enough crying about the economy. This group just bottomed, and is ripe for buying.

  • *Brazil's Rousseff to visit Washington in June. BRASILIA, April 30- After finally turning the page on a dispute over spying that hampered attempts to deepen trade ties, Brazil and the United States may be headed for another clash, this time over U.S. farm subsidies. Although it is too early to launch a full-out trade dispute, Brazil plans to apply pressure on...

  • The 'Megacities' are coming, and they're voracious Thursday, 30 Apr 2015 | 2:09 PM ET
    San Paulo, Brazil.

    The New York metropolitan area gobbles up more energy than any other major city in the world, according to new research.

  • Brazil raises interest rates again to salvage credibility Wednesday, 29 Apr 2015 | 8:52 PM ET
    One real coins are produced at the Casa da Moeda, Brazil's national mint, in Rio de Janeiro, Brazil.

    Brazil again steeply raised interest rates to show it's serious about reining in runaway prices, despite fears the step may worsen an expected recession.

  • BRASILIA, April 29- Brazil again steeply raised interest rates on Wednesday to convince investors that the government is serious about reining in runaway prices, despite fears that aggressive tightening will make an expected recession worse. Brazil's benchmark interest rate now stands well above those of other major emerging market countries such as...

  • BRASILIA, April 29- Brazil opted for another steep interest rate hike on Wednesday to convince investors that the government is serious about reining in runaway prices despite fears of a recession. Brazil's benchmark interest rate now stands well above those of other major emerging market countries such as India and Turkey, both with rates at 7.5 percent.

  • The injunction ordered Uber to cease operations immediately and to ensure the app is no longer available for download from the online stores of Google, Apple, Samsung and Microsoft. The Brazilian press offices of Google, Samsung, Microsoft and Apple did not immediately respond to requests for comment. The world's most valuable venture-backed startup with a...