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Buses, cars burned in Brazil protest against police

Four buses, a truck and two cars were burned Saturday in Brazil when demonstrators took to the streets to protest the deaths of two young men during police actions. The 17 and 21 year olds died Friday and Saturday in Niteroi, across the bay from Rio de Janeiro, local press reported. One was killed when his motorcycle hit an armored police vehicle, while the other was hit by crossfire in a gun battle between suspects and police, the Globo G1 news site said.

Brazil economy to grow 3% in 2015

Brazil's economy is forecast to expand by three percent next year, picking up briskly after years of stagnant growth, a top government economist said on Tuesday. Miriam Belchior, Brazil's minister of planning, said in a report presented to the national legislature that inflation for Latin America's biggest economy was expected to be five percent next year. Recent growth has been slow in Brazil, in part because of the economic drain of playing host to the World Cup, as well as weak infrastructure and low private investment reflecting a lack of confidence in industry.

Brazil election jitters may hit investments in 2014: source

By Alonso Soto and Luciana Otoni BRASILIA (Reuters) - Brazil's presidential vote will likely delay some investment decisions this year but spending on infrastructure is expected to remain strong, a senior government official told Reuters. Although President Dilma Rousseff is the favorite to win the October 5 general election, many investors could withhold funds until the next government outlines its plans for the following four years, which could hamper the country's already slow economic growth.

Brazil election jitters may hit investments in 2014: source

By Alonso Soto and Luciana Otoni BRASILIA (Reuters) - Brazil's presidential vote will likely delay some investment decisions this year but spending on infrastructure is expected to remain strong, a senior government official told Reuters on Tuesday. Although President Dilma Rousseff is the favorite to win the October 5 general election, many investors could withhold funds until the next government outlines its plans for the following four years, which could hamper the country's already slow economic growth.

Football: FIFA apologizes to Brazil for 'advice' gaffe

FIFA performed an embarrassing U-turn on Saturday and apologized, saying it had withdrawn publicity material for the World Cup in Brazil that poked fun at local customs. Just weeks after sports merchandiser Adidas pulled from the market two shirts which Brazil viewed as sexist, FIFA has now removed material which depicted Brazilians as unpunctual, impatient and even chaotic.

Brazil adds 260,823 jobs in February, more than double forecast

BRASILIA (Reuters) - Brazil's economy added a net 260,823 payroll jobs in February, the Labor Ministry said on Monday, more than double what market analysts expected in another sign of strength in the country's labor market. Economists had expected the economy to add 110,000 positions last month, according to the median forecast of 6 analysts in a Reuters poll. The highest estimate was for the creation of 130,000 jobs that month.

Brazil adds 260,823 jobs in February, more than double forecast

BRASILIA (Reuters) - Brazil's economy added a net 260,823 payroll jobs in February, the Labor Ministry said on Monday, more than double what market analysts expected in another sign of strength in the country's labor market. Economists had expected the economy to add 110,000 positions last month, according to the median forecast of 6 analysts in a Reuters poll. The highest estimate was for the creation of 130,000 jobs that month.

Football: Brazil leader receives soccer racism victims

Brazilian President Dilma Rousseff on Thursday personally received Cruzeiro star Tinga as well as a referee after both were subjected to racist chants at recent games. Rousseff has spoken out against racism in the game as Brazil prepares to host the World Cup and received Tinga at the presidential palace along with referee Marcio Chagas da Silva. Tinga was subjected to foul chanting during a Copa Libertadores match against Garcilaso in Peru -- whose President Ollanta Humala condemned the racist behaviour.

Brazil's economy up 2.3 pct in 2013

Sao Paulo, Feb 27 (EFE).- Brazil's economy expanded 2.3 percent in 2013, compared with growth of 1 percent the previous year, the Brazilian Institute of Geography and Statistics, or IBGE, said Thursday. The country's gross domestic product for 2013 was estimated at 4.84 trillion reais (some $2.05 trillion), the IBGE said. The institute's GDP figure was nearly in line with forecasts by economists, who had predicted earlier this year that the economy grew by between 2.28 percent and 2.3 percent in 2013.

Shell sells stake in Brazil oil field for $1bn to Qatar

Anglo-Dutch energy giant Royal Dutch Shell said Wednesday that it has sold a large stake in an offshore Brazilian oil field to Qatar for about $1.0 billion. Shell said it has agreed to offload a 23-percent interest in the Parque das Conchas (BC-10) project offshore Brazil to Qatar Petroleum International. The deal remains subject to regulatory approval in Brazil. The group will continue to operate the oil field, which currently produces 50,000 barrels of oil equivalent per day. Shell added that it will retain a "significant" upstream presence in Brazil.
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