Brazil

Brazil's philosopher minister prescribes technology shock

BRASILIA - Brazil's government plans over time to remove tariffs on high-end capital goods in a bid to boost productivity and breathe life into its flailing economy, an adviser to President Dilma Rousseff told Reuters.

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Vale taps Barclays to advise on Australian asset sale - sources 10:58am BST

MELBOURNE/LONDON - Brazil's Vale SA has chosen Barclays to advise it on the sale of some or all of its Australian coal assets, two people close to the situation said on Monday, as the company looks to raise money to ride out the commodities rout.

Vale taps Barclays to advise on Australian asset sale - sources 10:54am BST

MELBOURNE/LONDON, April 27 - Brazil's Vale SA has chosen Barclays to advise it on the sale of some or all of its Australian coal assets, two people close to the situation said on Monday, as the company looks to raise money to ride out the commodities rout.

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Chile volcano ash cloud reaches Brazil; some flights canceled 25 Apr 2015

SANTIAGO - Ash from the Chilean volcano Calbuco, which erupted without warning this week, reached as far as southern Brazil on Saturday and prompted some airlines to cancel flights to the capitals of Chile, Argentina and Uruguay.

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Chile volcano ash cloud reaches Brazil; some flights cancelled 25 Apr 2015

SANTIAGO - Ash from the Chilean volcano Calbuco, which erupted without warning this week, reached as far as southern Brazil on Saturday and prompted some airlines to cancel flights to the capitals of Chile, Argentina and Uruguay. | Video

Four Petrobras platforms halt output due to oil leak -union 24 Apr 2015

RIO DE JANEIRO - Four Petrobras oil platforms off the northeast coast of Brazil have halted production after a leak of about 7,000 liters of oil was detected coming from a pipeline linking them, a local oil workers union head said on Friday.

Brazil likely to exclude railways from new infrastructure auctions 24 Apr 2015

BRASILIA, April 24 - Brazil is unlikely to have new railway projects in its plan to lure private investment to improve the country's aging infrastructure and aid the stagnant economy.

POLL-Brazil's central bank to hike rates sharply next week 24 Apr 2015

BRASILIA, April 24 - Brazilian interest rates are set to rise sharply again next week, a Reuters poll showed on Friday, as the central bank attempts to boost its inflation-fighting credentials even as signs of a recession continue to grow.

Fitch warns it may still downgrade Petrobras in next few years 24 Apr 2015

RIO DE JANEIRO, April 24 - Brazil's state-run oil company Petroleo Brasileiro SA avoided an imminent credit downgrade by publishing corruption-delayed financial statements but could still have its ratings cut in the next couple of years, Fitch Ratings said on Friday.

UPDATE 1-Brazil's Fibria posts $190 mln loss on currency swing 24 Apr 2015

SAO PAULO, April 24 - Brazil's Fibria Celulose SA, , the world's largest producer of eucalyptus pulp, posted a first-quarter net loss of 566 million reais ($190 million), as a weaker currency drove up the cost of servicing its dollar-denominated debts.

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Nepal scrambles to organise quake relief, many flee capital

KATHMANDU, Nepal - Nepalese officials scrambled on Monday to get aid from the main airport to people left homeless and hungry by a devastating earthquake two days earlier, while thousands tired of waiting fled the capital Kathmandu for the surrounding plains. | Video