News on Brazil

Nov
05
2008

Real eases against US Dollar

In unison with the American market, Brazil's stock exchange fell as yesterday's presidential election caused worries about the future of the economy while the Brazilian Real eased up against the US dollar. After the news that the Unibanco would be taken over by Itau, Brazilian banking shares were hurt.

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Nov
03
2008

Latin America's Biggest Bank Created

As Brazilian banks struggle with the increasing credit crisis, Uniao de Bancos Brasileiros SA is to be acquired by the Banco Itau Holding Financeira SA. In a stock transaction that may be valued at $ 12.5 billion, this would involve the creation of Latin America's largest financial institution. Classified as a merger, this consolidation could be the sign of increased unions in Brazilian banks.

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Nov
03
2008

Hamilton Youngest-Ever F1 Champ After Brazil Grand Prix Triumph

While Brazilian Felipe Massa won in front of his home fans in cosmopolitan Brazilian city of São Paulo, Lewis Hamilton was able to come in fifth place in order to win the championship. While rainfall had made it unlikely for Hamilton to catch up, the racer for McLaren was able to over take Toyota driver, Timo Glock, who had not changed his front tires before the inclement weather. Hamilton is the Formula 1's youngest-ever champion and at times considered F1's first black driver.

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Oct
30
2008

Massa Aims To Continue Brazil F1 Tradition

Ferrari's Formula One driver, Felipe Massa, hopes he can continue Brazil's tradition of producing world champions in Sunday's title-deciding race at Interlagos, the Sao Paulo track where the F1 Brazilian Gran Prix takes place.

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Oct
28
2008

100% Nationally Designed Cars at the 2008 Brazil Auto Show

Part of the novelties at the 25th International Automobile Trade Show in São Paulo, which opens its doors October 30th, are prototypes and variations of cars made exclusively for Brazil. Several big scale auto producers, such as: General Motors, Fiat, Ford, and Renault, have chosen Brazil as the hub for development of new cars.

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Oct
23
2008

Massa Faces Hamilton in Brazilian Grand Prix Finale

Brazilian motor-racer Felipe Massa faces a grandstand finale to the Formula One season this weekend at his home circuit in Sao Paolo. British Lewis Hamilton is the favorite to win the title as he holds more points, but Massa expects a large turn out of Brazilian fans to see if he can upset the odds.

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Oct
23
2008

Jordanian King Pays Visit to Brazil

The King of Jordan has traveled to Brazil in an attempt to strengthen ties between the two countries. In a two day visit, King Abdullah II and Brazilian president Lula have overseen the signing of cooperation agreements in trade, technology, science, culture and education. There will also be discussion about the Middle East peace process and ways to increase bilateral trade.

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Oct
21
2008

Brazilians Aim to Launch Satellite by 2011

Following successful testing of an engine this week, a report says that Brazil will be ready to launch a satellite into orbit from Alcantara in 2011. It is hoped that Brazil will join the new ‘space race' between emerging countries such as China, Russia and India.

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Oct
17
2008

Manchester United Appoints Scouts in Brazil

The English Premier League football club, Manchester United, has appointed two full-time scouts in Brazil to keep track of the country's emerging talent. The club already counts with four young Brazilians, yet its manager, Sir Alex Ferguson, stated that attention should be paid to Brazil, which is and "has always been one that produces fantastic players who can play in big games".

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Oct
16
2008

Microsoft Offers Free Computer Training and Email to 5.5m Brazilians

An alliance between Microsoft and the government of the Brazilian state of Sao Paulo is going to result in free computer training and email for 5.5 million students, teachers, directors, supervisors and leaders in education of the state education network. The objective of the agreement is to promote public education and information technology through the program and its Student to Business (S2B) joint effort.

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