Brazilian presidential candidate Eduardo Campos was among passengers that died in a plane that crashed in the city of Santos Wednesday, local aviation authorities confirmed. Campos, the popular former governor of the state of Pernambuco, represented the Brazilian Socialist Party in the presidential race and had been running third in recent opinion polls, behind President…
Brazil’s federal power regulatory agency, Aneel, has ordered São Paulo state power company CESP to raise power production and the rate of water flow at its Jaguari hydroelectric facility, the regulator said. CESP and the state of São Paulo have been maintaining the water flow rate at the facility at 10 cubic meters per minute…
Brazil’s government has authorized guarantees for more than $3 billion in new loans to state power company Eletrobras according to information published in the country’s federal register. The loans will be made by state banks Banco do Brasil and Caixa Economica Federal through 2015 to cover operating costs and investment, and will be scheduled for…
Profit at Brazil’s state-owned oil company Petrobras declined 20% in the second quarter under the weight of elevated costs during the period, the company reported. Petrobras posted profits of $2.18 billion, down from $2.73 billion in the same period last year. With the quarter’s result, the company’s profits in the first half of the year…
Brazil’s IPCA consumer price inflation decelerated sharply in July under the influence of diminished transportation and personal spending costs, but remained near the ceiling of the twelve-month target range, the IBGE statistics institute reported. The institute said inflation rose just 0.01% during the month, tracking a 1.35 percentage-point decline in transportation costs and a 1.45…
Leading opposition presidential candidates Aecio Neves and Eduardo Campos have gained ground early in this year’s election campaign, while support for incumbent president Dilma Rousseff has held steady, according to a poll released Thursday by the Ibope opinion research institute. The poll, sponsored by the Globo television network, showed support for Ms. Rousseff unchanged from…
