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Tag: brazils
Election-year water crisis taking toll Brazil's economy
2014-11-01 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: After a grueling election campaign in which officials faced fierce criticism for downplaying the effects of a year-long drought, Brazil's most populous state is finally coming to terms with an uncomfortable reality: it is running out of water. So Paulo state accounts for a third of Brazil's economy and 40 percent of its industrial production, and the water crisis is already crimping factory and farm output as well as the service sector in a stagnant economy. "There is absolutely no doubt that...
Tags: water
taking
economy
toll
Oi, America Movil, Telefonica to bid for Brazil's TIM: sources
2014-10-31 22:09:52| Telecom - Topix.net
Brazil's Grupo Oi SA, Mexico's America Movil SAB and Spain's Telefonica SA agreed to place a joint bid worth around 32 billion reais for control of TIM ParticipaA A es SA , which owns about 67 percent of TIM ParticipaA A es, said the first source, who requested anonymity since the deal is in the works. A bid could be presented within two weeks, both sources added.
Bargain-Buying Opportunity In Brazil's Stock Market After Post-Election Sell Off
2014-10-30 13:41:07| Oil & Gas - Topix.net
Brazil's stock market trades at lower valuations than both the global stock markets and the U.S. on several metrics. Brazil will host the 2016 Olympics.
Brazil's Usiminas taps Tenaris executive as senior vice president
2014-10-25 05:35:38| Steel - Topix.net
A key shareholder in Brazilian steelmaker Usinas SiderAorgicas de Minas Gerais SA said on Friday that industry veteran Tulio Chipoletti was named as senior industrial vice president on a temporary basis. Ternium SA, one of the two controlling shareholders in the company known as Usiminas, said Chipoletti's appointment does not preclude it from plans to get JuliA n Eguren reinstated as chief executive officer.
Tags: senior
executive
president
vice
Brazil's Severe Drought Dries Up Reservoirs
2014-10-25 02:08:00| Climate Ark Climate Change & Global Warming Newsfeed
National Geographic: Thanks to the worst drought in eight decades in southeastern Brazil, water levels have dropped dramatically in the reservoirs that supply So Paulo, the country's largest city. New satellite imagery from NASA reveals that critical reservoirs there have dwindled to 3 to 5 percent of storage capacity, creating shortages in the region. Rainfall totals in the region this year are 12 to 16 inches (300 to 400 millimeters) below normal. According to a poll conducted this week, 60 percent of respondents...
Tags: severe
drought
reservoirs
dries
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