A Brazilian court blocked an attempt by two of Eike Batista’s companies to have their creditor protection cases considered jointly at the request of Acciona SA, the Alcobendas, Spain-based company said.
Brazil’s plans to reform soccer after decades of mismanagement won’t include an English Premier League-style model because it would weaken the national team, according to the government official overseeing the sport.
Brazil’s former Cabinet Chief Dilma Rousseff has pulled into a tie with former Sao Paulo opposition governor Jose Serra ahead of October’s presidential election, according to an O Globo and Estado de S. Paulo survey released today.
Vale SA, the world’s largest iron-ore producer, must not limit itself to the Chinese market since other Asian markets are demonstrating important growth, President Murilo Ferreira told newspaper O Globo.
Brazil’s government may share 50 percent of the profit of the workers’ compensation fund, known as FGTS, with its holders, O Globo reported, citing documents from Caixa Economica Federal, the state-controlled bank that manages the fund.