Brazil

Kaka leads MLS All-Star side to win over Tottenham

Photo

- Former Brazil international Kaka made the most of his first appearance in the Major League Football All-Star Game as he helped lead his team past English Premier League side Tottenham Hotspur 2-1 on Wednesday. Kaka, who enjoyed a long career in Europe before signing with Orlando City last year, opened the scoring with a penalty in the 20th minute in Denver and went on to earn the MVP honour.

UPDATE 3-Brazil accuses former Petrobras executive of favoring Italy's Saipem 8:30am BST

SAO PAULO, July 29 - Prosecutors in Brazil said on Wednesday former Petrobras executive Renato Duque had unfairly favored Italy's Saipem SpA on a contract for an undersea gas pipeline for the Lula and Cernambi offshore subsalt fields.

Spain's Telefonica lifts revenue forecast but margins pressured 8:11am BST

MADRID - Telefonica said on Thursday it expected revenue to grow over 9.5 percent this year, raising a previous forecast of more than 7 percent, after acquisitions in Brazil and Spain which, however, pressured margins.

Soccer-Kaka leads MLS All-Star side to win over Tottenham 5:38am BST

July 29 - Former Brazil international Kaka made the most of his first appearance in the Major League Soccer All-Star Game as he helped lead his team past English Premier League side Tottenham Hotspur 2-1 on Wednesday.

UPDATE 4-Brazil opts for steep rate hike in end to bold tightening 3:01am BST

BRASILIA, July 29 - Brazil raised interest rates to a nine-year high on Wednesday, but signaled it was ending one of the world's most aggressive tightening cycles despite fears that a weakening local currency could stoke already high inflation.

Brazil ships 1st corn cargo from new grains terminal in Maranhao 12:12am BST

SAO PAULO, July 29 - Brazilian trading company CGG on Wednesday was loading the first corn cargo to be exported from the new Tegram grains terminal in the northeastern state of Maranhao, one of the new export facilities built as an alternative to congested southern ports.

Photo

Embraer profit seen slipping on weaker commercial mix 29 Jul 2015

SAO PAULO - Brazil's Embraer SA , the world's third-largest commercial planemaker, is likely to report lower second-quarter profit on Thursday due to a weaker mix of deliveries to airlines, according to a Reuters survey of analysts.

Photo

Brazil's Levy battles for influence as anti-austerity sentiment grows 29 Jul 2015

BRASILIA - Finance Minister Joaquim Levy's role as Brazil's dominant economic policymaker is slipping as he tries to push through unpopular austerity measures aimed at saving the country's investment grade rating.

UPDATE 1-Brazilian police probe nuclear submarine program -Folha 29 Jul 2015

SAO PAULO, July 29 - Brazilian federal police are investigating potential irregularities in a military program that aims to build a nuclear-powered submarine in partnership with France by 2023, newspaper Folha de S. Paulo reported on Wednesday.

Brazil gives cement firms 30 days to pay combined $934 mln fines 29 Jul 2015

BRASILIA, July 29 - Brazil's antitrust watchdog, Cade, has ordered six cement makers named in a price-rigging case to pay a combined 3.1 billion reais ($934 million) in fines within a month in a landmark decision that also orders asset disposals.

Photo

Indian Ocean debris almost certainly from a Boeing 777-Malaysia

KUALA LUMPUR/PARIS - Malaysia is "almost certain" that plane debris found on Reunion Island in the Indian Ocean is from a Boeing 777, the deputy transport minister said on Thursday, heightening the possibility it could be wreckage from missing Flight MH370. | Video