RIO DE JANEIRO (Reuters) – Nissan (7201.T: Quote, Profile, Research, Stock Buzz) will invest about $1.5 billion in its new Brazilian plant as it seeks to greatly expand its market coverage with new compact models, the Renault-Nissan chairman and chief executive Carlos Ghosn said on Monday.
The French-Japanese partnership plans to introduce “many” models to the Brazilian market in the coming years as it seeks to double its share of auto sales in Latin America’s largest economy to 13 percent by 2016, Ghosn told Reuters in an interview in Rio de Janeiro.
RIO DE JANEIRO, Sept 30 (Reuters) – Brazil’s President
Dilma Rousseff will sign an agreement with the European Union
next week that aims to completely liberalize air travel between
both sides by 2014 when Brazil hosts the soccer World Cup, a
senior Brazilian aviation agency official said.
The “open skies” agreement between Latin America’s largest
economy and the 27-member EU comes as Brazilians’ demand for
international travel surges, fueled by a strong currency and
the country’s robust economy.
RIO DE JANEIRO, Sept 28 (Reuters) – It is a project that
should symbolize the transformational benefits of hosting the
2014 World Cup — a sleek new monorail train gliding above
Brazil’s steamy Amazon city of Manaus.
But Athayde Ribeiro da Costa has a different take on it.
With just under 1,000 days before the first ball is kicked,
the chief public prosecutor in Amazonas state sees the monorail
as part of a trend of overspending and poor planning as Brazil
rushes to make up for a slow start to its preparations.
RIO DE JANEIRO, Aug 31 (Reuters) – Brazil’s central bank
will likely call a halt to this year’s flurry of interest rate
hikes on Wednesday as it responds to growing signs of a
slowdown in Latin America’s largest economy.
With annual inflation running above 7 percent, policymakers
will be reluctant to start reducing the country’s lofty
borrowing costs just yet and are expected by economists to
leave the benchmark Selic rate at 12.5 percent.
RIO DE JANEIRO (Reuters) – His cartoons are edgy, bold, and a thorn in the side of the Arab world’s tottering authoritarians — a gift to protesters from the unlikely setting of an apartment in beach-side Rio de Janeiro.
Carlos Latuff, a 42-year-old leftist whose only family link to the Middle East is a Lebanese grandfather he never knew, has become a hero of the tumultuous Arab Spring with rapid-fire satirical sketches that have helped inspire the uprisings.