Brazil privatises airports
Brazil has privatised three of its airports, raising an astonishing 24.5 billion reais (approximately £8.85 billion) as it seeks to raise important funds ahead of the 2014 Football World Cup and the 2016 Olympic Games.
By selling the operating licenses, the South American Country is set to remain on track with modernising its transport infrastructure in time for the first influx of overseas travellers coming to enjoy one of the biggest football sporting events in the world.
Brazil shows the world why it’s growing
Brazil has sent out a message to the rest of the world about how to best manage their finances.
Its central bank announced that the South American country's government has exceeded its fiscal target in 2011, reported Bloomberg.
Dilma Rousseff in Cuba to talk business
Brazil’s president is to make her first official visit to Cuba to develop closer trade ties between the two countries.
Dilma Rousseff is to meet Cuba’s leader Raul Castro to discuss how they can move forward for mutual benefit in a new age defined by Brazil’s growing power.
Chevron could face charges over oil spill
The US multinational energy company Chevron might face criminal charges over the offshore oil spill last year.
A Brazilian prosecutor is considering bringing legal action against the company – with the explicit threat of prison sentences – in what could be an $11 billion (approximately £7 billion) civil lawsuit, Reuters reported.
Demand for air travel in Brazil higher than ever
The changing dynamics of Brazil has been reflected in the tripling of demand for flights in the country.
Over the last decade, more people have been able to afford flying in Brazil, boosted by higher incomes and better prices, reported the Associated Press.
Brazil’s record current account deficit not a major problem
Brazil has posted a record-high current account deficit in 2011, but this has been covered by a record-high amount of foreign direct investment.
The South American country's central bank revealed that last year's deficit was $52.6 billion (approximately £33.5 billion), up from $47.3 billion (approximately £30.15 billion) in 2010.
Petrobras to hire female executive
The Brazilian multinational energy corporation Petrobras is to hire its first ever female chief executive.
Seen as a positive move, news of the potential appointment caused shares in the company to soar to an eight-month high.
Brazil authorities storm illegal settlement
Brazilian authorities have stormed an illegal settlement of landless workers near Sao Paulo to reclaim the land for its private owners.
In a tense stand-off between the police and residents, a number of cars were set ablaze, the BBC reported.
UK: Brazil matters
The UK is sending a clear message that Latin America is the place to be with Brazil leading the charge.
William Hague, the foreign secretary, has begun talks with top government officials, as the UK begins strengthening ties in the face of ongoing uncertainty in the eurozone.
IMF needs more money
The international Monetary Fund (IMF) is turning to Bric nations to help it boost its financial resources.
According to Reuters, the IMF is looking to double its 'war chest' by raising an astonishing $600 billion (approximately £388 billion) to help those embattled by the eurozone crisis.
