RIO DE JANEIRO/BRASILIA, April 15 (Reuters) – Brazil’s
state-run oil company, Petroleo Brasileiro SA, on Tuesday
defended its 2006 purchase of a refinery in Pasadena, Texas,
even as it admitted the deal caused the company to lose money.
At a day-long Brazilian Senate hearing, Chief Executive
Maria das Graças Foster explained that Petrobras, as
the company is known bought the refinery in hopes of maximizing
returns on Brazilian oil shipped to the United States.
BRASILIA (Reuters) – Eduardo Campos, a business-friendly socialist from Brazil’s poor northeastern region, announced on Monday he will seek the presidency, vowing to restore confidence in the country’s fiscal accounts and once booming economy.
The two-time governor of Pernambuco state picked as his running mate Marina Silva, a popular environmentalist who will bring millions of votes to the ticket. She will also draw the opposition of Brazil’s wealthy agribusiness sector of which she is a declared enemy.
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.