Soccer’s governing body will have to change the way it organizes World Cups after setbacks and potential last-minute problems at this year’s tournament in Brazil, FIFA General Secretary Jerome Valcke said.
The Ibovespa entered a bear market as concern that an economic slowdown will spur a cut in Brazil’s credit rating drove down real-estate companies and retailers amid a selloff in emerging-market assets.
Companies including a Louis Dreyfus Holding BV unit are shipping U.S. ethanol to Brazil, the world’s second-largest producer, to help meet demand at a three-year high, three people with knowledge of the shipment said.
President Dilma Rousseff said her government will help fund a subway project in southern Brazil, part of $23 billion dedicated to transportation-spending projects spurred earlier this year by angry Brazilians.
Soccer governing body FIFA decided a stadium in the Brazilian city of Curitiba will be ready in time for the World Cup, saving the host nation from the humiliation of losing a venue less than four months before the tournament.