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Tag Results for "Brazil Business News"

Latin America News: Brazil’s Telefonica Profits Rise

In Latin America business news Brazil's Telefonica posted a profit of 2.1 percent from a year ago. Telefonica is the country's wireless communication leader. continue reading »

Latin America News: Brazil’s Petrobras Profit Decline 36 Percent

State-controlled oil giant Petrobras said it posted net income of 21.18 billion reais ($10.61 billion) in 2012, down 36 percent from the prior year. continue reading »

IBM Partners with Brazil’s Richest Man to Build Semiconductor Factory

Brazilian authorities announced Monday the construction of a semiconductor factory costing 1 billion reais ($500 million) that will have among its partners IBM and Eike Batista, Brazil's richest man. continue reading »

Brazil Interest Rates on Credit Cards Tops 300%, Median Rate in Latin America is 55%

Credit-card interest rates in Brazil climbed above 300 percent last month, O Estado de Sao Paulo newspaper said Tuesday, citing a report from the Proteste consumer association. continue reading »