BRASILIA (Reuters) – Goldman Sachs Group Inc is committed to maintaining its investment-banking operations in Brazil as part of its global footprint, Chief Operating Officer Gary Cohn said on Wednesday.
The size of the unit will reflect business opportunities, Cohn said, adding that Goldman Sachs has not missed any major transactions in the country over the past year. More than 20 bankers left Goldman’s investment-banking and wealth management divisions in Brazil since June as the lender slowed down plans to expand in the country more aggressively.
SAO PAULO/BRASILIA (Reuters) – With less than 10 weeks until the start of the World Cup, work on crucial new airport terminals has fallen behind in most of the dozen Brazilian host cities, heightening the risk of overcrowding and confusion during the tournament.
A temporary canvas terminal will be used instead of a planned airport expansion to receive fans in Fortaleza, which will host six matches including Brazil’s game against Mexico and a quarter-final. Officials are already preparing alternatives for other cities.
BRASILIA (Reuters) – Support for President Dilma Rousseff is slipping among Brazilian voters who are increasingly pessimistic about their country’s economy and disappointed with her performance, according to a poll published on Saturday.
While Rousseff is still on track to win re-election outright in elections on October 5, she has lost six points among potential voters since last month, a survey by local Datafolha polling firm said.
BRASILIA (Reuters) – Aecio Neves is running for president of Brazil and promising to turn the page on 12 years of leftist government. But he has a problem.
Despite being the grandson of a famous politician and the leader of Brazil’s main opposition party, seven out of 10 Brazilians have never heard of him.
BRASILIA, March 25 (Reuters) – Brazil’s lower chamber of
Congress approved groundbreaking legislation on Tuesday aimed at
guaranteeing equal access to the Internet and protecting the
privacy of its users in the wake of U.S. spying revelations.
To ensure passage of the bill, the government had to drop a
contentious provision that would have forced global Internet
companies to store data on Brazilian servers inside the country.
BRASILIA (Reuters) – Opposition legislators asked Brazil’s top prosecutor on Tuesday to investigate President Dilma Rousseff’s role in the purchase of a Texas refinery by Brazil’s state-run oil company Petroleo Brasileiro SA (PETR4.SA: Quote, Profile, Research, Stock Buzz) which critics say was way overpriced.
Rousseff, who chaired the company’s board at the time, last week said her approval of the 2006 purchase was based on a “flawed” and “incomplete” executive summary.
BRASILIA, March 21 (Reuters) – The Brazilian Air Force will declare no-fly zones over World Cup stadiums to prevent terrorist attacks during this year’s soccer tournament, but there’s a catch: it can’t shoot down intruders, for now.
By law, Brazil’s military can only shoot at unresponsive civilian planes on drug trafficking routes near its borders, but not over densely populated urban areas where games will be played in 12 cities.
BRASILIA, March 20(Reuters) – Brazilian President Dilma
Rousseff is holding on to her wide lead over potential rivals
and would win a second term outright in the Oct. 5 general
election, according to a poll published on Thursday.
Despite Brazil’s lackluster economic performance and
stubbornly high inflation on her watch, Rousseff would be
re-elected in the first round if the vote was held today, the
Ibope poll showed.
BRASILIA, March 18 (Reuters) – Brazil will drop a
controversial provision that would have forced global Internet
companies to store data on Brazilian users inside the country to
shield them from U.S. spying, a government minister said on
The rule was added last year to proposed Internet governance
legislation after revelations that the U.S. National Security
Agency had spied on the digital communications of Brazilians,
including those of their President Dilma Rousseff and the
country’s biggest company Petroleo Brasileiro SA.
BRASILIA (Reuters) – The rift between President Dilma Rousseff and her main political allies widened on Wednesday one day after they voted in Congress to look into bribery allegations leveled at Brazil’s state-run oil company Petrobras.
Disgruntled congressmen from coalition parties summoned an array of Rousseff’s cabinet members to appear before various congressional committees in a new display of discontent.