Brazil

Bill would allow Brazil to decree local Internet data storage

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BRASILIA - Brazil is pushing ahead with legislation that would force global Internet companies such as Google and Facebook to keep data on Brazilian users inside the country, despite opposition from the companies and in Congress.

Batista's OSX gets lifeline as two banks refinance loan -sources

SAO PAULO - OSX Brasil SA , the struggling shipbuilder controlled by former Brazilian billionaire Eike Batista, got a much-needed lifeline on Tuesday after two banks agreed to refinance a 400 million real ($175 million) loan 17 days after it had come due.

05 Nov 2013

After bondholders, OSX, Schlumberger, Ensco top OGX creditor list

RIO DE JANEIRO - Bondholders, followed by oilfield-service companies, are the biggest creditors of Brazilian tycoon Eike Batista's oil company OGX, which made Latin America's biggest-ever bankruptcy filing last week, according to a list obtained by Reuters.

Money, 04 Nov 2013

Brazil's local Internet data storage plan runs into opposition

BRASILIA/SAO PAULO - A government plan to shield Brazil from alleged U.S. spying by forcing global Internet companies to store data on Brazilian users inside the country has run into mounting opposition in Congress, politicians said on Monday.

Tech, Media, World, 04 Nov 2013

Embraer investigated for bribery in Argentine, Dominican deals

SAO PAULO/WASHINGTON - U.S. and Brazilian authorities are investigating whether Embraer SA bribed officials in Argentina and the Dominican Republic to secure deals for commercial and defense aircraft, according to legal documents reviewed by Reuters.

Rousseff urges Cabinet to speed up Brazil works projects before election

SAO PAULO - Brazilian President Dilma Rousseff, who is expected to seek re-election in 2014, urged Cabinet ministers on Saturday to speed up major infrastructure and public services projects, amid concerns about delays with much-needed road, hospital and port improvements.

World, 02 Nov 2013

Rousseff gives go-ahead to Brazil fuel price formula, Estado says

SAO PAULO - Brazilian President Dilma Rousseff will allow state-run oil company PetrĂ³leo Brasileiro SA to increase domestic fuel prices "two or three times" a year through the use of a formula without triggering significant consumer price gains, newspaper O Estado de S. Paulo said on Saturday.

World, 02 Nov 2013

German, Brazilian U.N. draft urges halt to excessive spying

UNITED NATIONS - Germany and Brazil circulated a draft resolution to a U.N. General Assembly committee on Friday that calls for an end to excessive electronic surveillance, data collection and other gross invasions of privacy.

Insight: Chinese investors sour on Brazil, and projects melt away

SAO PAULO - For Chinese investors, Brazil is no longer the promised land.

01 Nov 2013

FACTBOX-Chinese investment in Brazil has tumbled since 2010

SAO PAULO - Chinese investment in Brazil spiked in 2010 but has fallen since then, according to official data and independent studies, as executives grew frustrated with Brazil's slowing economy and protectionist policies.

01 Nov 2013
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U.S. looking for 'first step' from Iran in nuclear talks

GENEVA - The United States wants Iran to agree in negotiations this week a "first step" that stops its nuclear program advancing further and starts reversing parts of it, a senior administration official said on Wednesday.