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Thursday, August 4, 2016

Rio Times

Eletronuclear President Sentenced to 43 Years for Corruption in Brazil

Eletronuclear President Sentenced to 43 Years for Corruption in Brazil
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The former president of the state-owned energy company Eletronuclear Othon Luiz Pinheiro da Silva was sentenced to 43 years in prison for bribery, money laundering, obstructing the Lava Jato (Carwash) investigations, tax evasion and participation in a criminal organization. In addition to Silva twelve […]

Brazil’s Petrobras Increases Market Value by US$23.35 Billion

Brazil’s Petrobras Increases Market Value by US$23.35 Billion
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The oil giant Petrobras in Brazil has risen six positions and is now the fourth largest oil company in Latin America and the U.S. in terms of market value at US$49.29 billion, according to consultancy firm Economatica. The survey lists Exxon Mobil remaining as […]

Brazil and USA Women’s Football Win in 2016 Rio Olympic Openers

Brazil and USA Women’s Football Win in 2016 Rio Olympic Openers
By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL – The long-anticipated 2016 Rio Olympics kicked off on Wednesday, August 3rd, two days ahead of the August 5th opening ceremony, with the start of the women’s Olympic football (soccer) competition. Host country Brazil, and reigning World Cup and Olympic champions, USA, both opened their 2016 […]

Extra Security at Rio de Janeiro’s Most Famous Landmarks

Extra Security at Rio de Janeiro’s Most Famous Landmarks
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Tourists visiting Rio’s Christ the Redeemer or Sugarloaf Mountain will have to pass through metal detectors starting this week. The measures seek to guarantee the security of visitors to two of Rio de Janeiro’s most famous landmarks during the Olympics. According to Brazil’s Justice […]

Brazil and Argentina Sign Trade Agreement to Reduce Bureaucracy

Brazil and Argentina Sign Trade Agreement to Reduce Bureaucracy
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s Minister of Development, Industry and Trade, Marcos Pereira and Argentina’s Production Minister, Francisco Cabrera, signed on Tuesday, August 2nd, agreements to lower bilateral trade bureaucracy and reduce time and costs of imports and exports between the two countries. “Brazil and Argentina together, united, are […]

Olympic Torch Arrives in Rio de Janeiro Ready to Open Games

Olympic Torch Arrives in Rio de Janeiro Ready to Open Games
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL – After three months and traveling 20,000 kilometers around Brazil, the Olympic Torch arrived early today (Wednesday,August 3rd) in the city of Rio de Janeiro. The symbol of the Games has been carried through more than 300 cities in 26 states and the Federal District by […]

Three Fairs and Festivals to Check Out in Rio this Weekend

Three Fairs and Festivals to Check Out in Rio this Weekend
By Chesney Hearst, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – In addition to the Olympics and the multiple events surrounding the games, three well-known food, clothing, art, and music fairs and festivals will take place, free to the public, in Rio de Janeiro this weekend on Saturday, August 6th. Feira Rio Antigo – Considered […]

Half of Rio Residents More Optimistic About Olympic Games

Half of Rio Residents More Optimistic About Olympic Games
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – A new survey conducted by the Federação de Comercio do Rio de Janeiro (Fecomercio-RJ) and Fundação Getulio Vargas Projetos (FGV) shows that more than half of Rio de Janeiro state residents believe the Olympics will be successful. Although at the same time, only half of […]

Brazil Posts Record 7-Month Trade Balance Surplus in 2016

Brazil Posts Record 7-Month Trade Balance Surplus in 2016
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The trade balance in Brazil for January through July of 2016 registered the highest surplus for the period since the series started in 1989, at US$28.23 billion, according to data released by the Ministry of Development, Industry and Foreign Trade (MDIC). Among the factors that […]

Seleção Brings in Weverton Days Before Start of Rio Olympics

Seleção Brings in Weverton Days Before Start of Rio Olympics
By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL – Only days before their debut match, the Brazilian national team’s (Seleção) Olympic football (soccer) coach Rogerio Micale, on Monday, August 1st, introduced Atlético Paranaense goalkeeper Weverton Pereira Silva as the team’s new goalkeeper. Weverton steps in as the last-minute replacement for injured goalkeeper Fernando Prass, […]

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