Brazil

Chevron Brazil Ban Ended, Marks Restart Step

Chevron Corp received a boost to its efforts to restart oil output in Brazil after a court overturned a ban on its operating in the country and the company agreed on a plan to improve safety procedures after an oil spill last year.

Brazil Economy Surprisingly Weak, Adds to Global Fears

Brazil's economy posted extremely disappointing growth in the third quarter, piling pressure on President Dilma Rousseff to make deeper structural reforms and adding to fears that big emerging markets are getting dragged into the stagnant morass of the global economy.

Hamilton Heads to Brazil on a Winning High

Lewis Hamilton will say an emotional farewell to McLaren in Brazil next weekend as a winner, even if Formula One's season-ending race is all about someone else taking the title.

Brazil hit by new blackout, infrastructure in spotlight

A massive blackout left as many as 53 million Brazilians in the dark late Thursday and early Friday, the latest in a string of energy shortages that have raised questions about whether Brazil's infrastructure is keeping pace with economic growth.

Cameron leads British hunt for business in Brazil

British Prime Minister David Cameron had oil and sports on his mind when he visited Brazil this week seeking business opportunities in the South American nation that overtook Britain last year to become the world's No. 6 economy.

Vale to prioritize Brazil iron-ore mine over Guinea project

Vale (VALE5.SA), the world's second-largest mining company, is likely to make its $19.5 billion Serra Sul iron ore mine project in Brazil a priority over a similar development in the West African nation of Guinea, a source with knowledge of the firm's strategy said.

Brazil judges uphold Chevron, Transocean operating ban

An injunction banning No. 2 U.S. oil company Chevron Corp and its drilling contractor Transocean Ltd from operating in Brazil was upheld by a panel of three Brazilian federal judges on Tuesday while charges over a November oil spill are being considered.

Bill Clinton: Brazil No. 1 among rising economies

Brazil appears to have the best long-term prospects among rising economic powers, thanks to its stable policy framework, ample natural resources and good relationship with its neighbors, former U.S. President Bill Clinton said on Tuesday in a ringing endorsement of an economy that has struggled lately.

Oslo urges Brazil, Indonesia to keep forest protection

Norway's environment minister on Friday urged Brazil and Indonesia to avoid backtracking on policies to protect tropical forests, saying up to $2 billion in aid promised by Oslo hinged on proof of slower rates of forest clearance.

Analysis: Next hurdles for Brazil: sticky fingers, red tape

The ministry overseeing Brazil's new $66 billion infrastructure plan was also ground zero for a spectacular corruption scandal last year in which officials allegedly demanded 5 percent kickbacks on highway construction projects and then pushed carts down the hallways to hand out the cash.

Chevron appeals Brazil ban, seeks oil field restart

Chevron (CVX.N), the No. 2 U.S. oil company, has appealed against an injunction banning it and its drilling contractor Transocean Ltd (RIG.N) from operating in Brazil while civil and criminal charges over an oil spill last November are judged.

Brazil unveils plan to boost road, railway investment

Brazil's government on Wednesday unveiled measures to lure up to $133 billion reais in private investment for road and rail projects, part of a new state-led effort to improve the country's aging and overburdened infrastructure.

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