Maria das Gracas Foster, chief executive officer of Petroleo Brasileiro SA, said Brazil’s gasoline price increases are about 6 percent lower than forecast, O Globo reported.
Brazil’s government is considering making permanent certain tax cuts that were implemented to spur the economy, local newspaper O Globo reported.
Tele Norte Leste Participacoes SA , the Brazilian telephone company known as Oi, plans to start operating in the country’s cable TV market by the beginning of next year, newspaper O Globo reported, citing regulation director Paulo Mattos .
Brazil may need to increase gasoline prices if oil remains around $122 a barrel, Petroleo Brasileiro SA Chief Executive Officer Jose Sergio Gabrielli told O Globo newspaper.
Brazil may make further cuts to payroll taxes and the financial-operations tax on consumer loans to boost economic growth next year, Finance Minister Guido Mantega told O Globo in an interview.
"The relations between Brazil and the U.S. are far below what they could be."
- O Globo on Apr 12, 2012