Soccer governing body FIFA is rejigging plans for this year’s $5 billion World Cup in Brazil in case there’s a repeat of the civil unrest that surrounded last year’s Confederations Cup, a warm-up for this year’s event.
Brookfield Incorporacoes SA, Brazil’s worst-performing homebuilder in the past year, climbed to a three-month high after its controlling shareholder said it may buy back its outstanding shares and delist the stock.
The auctions for the concessions on the international airports in Rio de Janeiro and Belo Horizonte, Brazil, will not be held until next year, O Globo reported, citing unidentified government officials.
Argentine billionaire Eduardo Eurnekian is eyeing his third deal in Brazil since 2011 with the purchase of a stake from Eike Batista in a semiconductor venture as he expands operations in Latin America’s largest economy.
Authorities in Brazil’s third- largest metropolitan area, Belo Horizonte, expect 100,000 people to protest as the country’s national soccer team meets Uruguay tomorrow in the semifinals of the Confederations Cup.