- Brazil's major power utility Eletrobras and French energy company GDF Suez Thursday signed an agreement in Sao Paulo to develop joint energy projects in Latin America and Africa. The document, signed at the meeting of the Brazil-France Group of Senior Executives, focused on construction and operations of transmission lines and power plants using renewable sources. "The agreement is critical to the relationship between the two companies," said Mauricio Bahr, chairman of the GDF Suez in Bra ...
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- Brazilian Finance Minister Guido Mantega said on Thursday the merger of Brazil's TAM and Chile's LAN airlines is legal, dispelling doubts on the approval of a plan to create Latin America's largest carrier. TAM, the largest airline in Brazil, and LAN announced on Aug. 13 that they planned to create LATAM Airlines, which will become the largest airline in Latin America and the world's 11th in terms of carried passengers. According to the Air Transport World, TAM carried 29 million passenger ...
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- Brazil's tax/GDP ratio fell from 34.41 percent in 2008 to 33.58 percent in 2009, the first fall of the nation's tax burden since 2006, the government said Thursday. The dip can be attributed to the global financial crisis, which led to a 2.61-percent fall in the tax collection and a 0.2-percent contraction in the GDP figures in 2009, according to the Federal Revenues Secretariat. It noted that the government cut taxes for several times last year, aimed at maintaining the consumption levels ...
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- Latin America's three major stock markets closed mixed on Thursday. Mexico City's IPC stock index closed at 32,417.33 points, up 0.24 percent. A total of 245 million shares were traded with a volume of 534 million U.S. dollars. At the Buenos Aires stock market, the Merval index ended at 2,415.92 points, up 0.88 percent, with a volume of 9.206 million dollars. In Sao Paulo, Latin America's biggest bourse, the leading Bovespa index finished at 66,808 points, down 0.39 percent. The trade v ...
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- Brazil registered a trade surplus of 11.673 billion U.S. dollars in the first eight months of the year, down 41.6 percent year on year, the government said Wednesday. The lower figures are due to the fact imports grew much more faster than exports over the period, said the Development, Industry and Trade Ministry MDIC in a statement. The country's exports totaled 126.096 billion in the first eight months of the year, up 28 percent year on year, while imports were up 45.7 percent, totalli ...
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- Brazil's national oil company is due to release details of the transaction, which would help fund an ambitious $224bn capital expenditure plan for 2010 to 2014
2010-09-02 18:00:00
- Europe's largest IT services company has placed a bet on Latin America, announcing on Thursday a deal to buy a majority stake in CPM Braxis, Brazil's largest information technology services group
2010-09-02 18:00:00
- Brazil's economy has settled into a period of more sustainable growth, expanding at a slower rate than the breakneck pace seen in the first quarter while recovering from a sudden slowdown in the second, economists say
2010-09-02 18:00:00
- Authorities say armed men stole a truck with more than 2 tons of explosives from a chemical company in Brazil.
2010-09-02 17:00:53
- AP - Police say a 17-year-old teen was detained after he shot arrows with cell phones attached over the walls of a prison in southern Brazil to inmates waiting on the other side.
2010-09-02 12:14:48
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