Brazil - Latest News on Brazil | Read Breaking News on Zee News

Nintendo hits pause button on Brazil

Last Updated: Tuesday, January 13, 2015, 22:51

Japanese videogame giant Nintendo says it is hitting the pause button on operations in Brazil and will leave Latin America`s largest market while it assesses how to deal with high import taxes.

Brazil posts 2014 inflation rate of 6.41%

Last Updated: Saturday, January 10, 2015, 00:11

Inflation in Brazil hit 6.41 percent in 2014, marginally below a government ceiling of 6.5 percent but still the highest annual figure since 2011, the National Statistical Institute (IBGE) said Friday.

Petrobras and Videocon JVfind more oil in Brazil

Last Updated: Friday, January 9, 2015, 11:58

Brazil`s state-run oil company Petroleo Brasileiro SA and its Indian partners have found more light crude oil in the Sergipe Basin off Brazil`s Northeast coast, according to a securities filing on Thursday.

Brazil Volkswagen workers down tools after layoffs

Last Updated: Wednesday, January 7, 2015, 04:24

Workers at Volkswagen`s Brazilian plant at Sao Bernardo do Campo near Sao Paulo began an open-ended strike Tuesday to protest 800 layoffs, their union said.

Brazil posts first trade deficit in 14 years

Last Updated: Tuesday, January 6, 2015, 02:32

Brazil posted its first annual trade deficit in 14 years on Monday, as bad news piled up for the once-booming Latin American giant, the world`s seventh biggest economy.

New Brazil finance minister promises fiscal tough line

Last Updated: Tuesday, January 6, 2015, 02:24

Brazil`s new Finance Minister Joaquim Levy on Monday targeted fiscal discipline and spending cuts to return the world`s seventh largest economy to growth and attract faltering investment.

Petrobras blocks new contracts with graft-accused constructors

Last Updated: Wednesday, December 31, 2014, 10:50

Brazilian state-owned oil giant Petrobras is temporarily blacklisting top construction firms linked to a multimillion-dollar graft scandal pending the outcome of an investigation.

Brazil to miss 2014 fiscal targets : Central bank

Last Updated: Tuesday, December 30, 2014, 02:39

After enduring a fourth year of low growth, Brazil will miss its fiscal target for 2014 by a wide margin, its central bank said Monday.

CEO of Brazil`s Petrobras says will not resign

Last Updated: Thursday, December 18, 2014, 09:59

The chief executive of Brazil`s state oil giant Petrobras said Wednesday that she will not resign despite the corruption scandal shaking the company and the ruling Workers` Party.

WTO to set up panel on Brazil import taxes

Last Updated: Wednesday, December 17, 2014, 19:25

The World Trade Organization will set up a panel to settle a complaint brought by the EU against Brazil over what it sees as protectionist taxes that discriminate against imports, a source said Wednesday.

Brazil inflation outstrips target

Last Updated: Friday, December 5, 2014, 20:16

Brazilian prices rose 0.51 percent in November and the 12-monthly inflation figure rose to just above a government target of 6.56 percent, the National Statistical Institute (IBGE) said Friday.

Brazil lifts key rate 0.5 points to 11.75%

Last Updated: Thursday, December 4, 2014, 10:00

Brazil`s central bank on Wednesday raised its key interest rate by 50 basis points to 11.75 percent, surprising many analysts who had expected a rise of just a quarter percentage point.