Sao Paulo

Itau, Unibanco merge to create Brazil's biggest bank

Banco Itau Holding Financeira SA agreed to acquire Uniao de Bancos Brasileiros SA, creating Brazil's biggest bank.

Brazilians try to digest the upset at Interlagos

Brazilians were still trying to digest Monday the hard blow they took a day earlier, when they saw the Formula One world championship - which they have not celebrated since Ayrton Senna's triumph in 1

Massa takes pole for Brazilian GP with Hamilton fourth

Ferrari's Felipe Massa took pole position for for Sunday's Brazilian Grand Prix at the Interlagos circuit in qualifying Saturday while championship leader Lewis Hamilton starts from fourth on the grid

Massa takes pole for Brazilian Grand Prix with Hamilton fourth

Ferrari's Felipe Massa took pole position for for Sunday's Brazilian Grand Prix at the Interlagos circuit in qualifying Saturday while championship leader Lewis Hamilton starts from fourth on the grid

Alonso quickest in final free practice for Brazilian GP

fernando-alonsoFernando Alonso was fastest in the final practice session ahead of qualifying later Saturday for Sunday's Brazilian Formula One Grand Prix.

The Renault driver clocked a time of 1 minute 12.141 seconds in for the 4.309-kilometres lap at the Interlagos circuit in Sao Paulo.

Unemployment in Brazil at 10-year-record low despite crisis

Unemployment in Brazil dropped to 14.1 per cent in September, its lowest level for that month since 1998, the trade- union research institute Dieese said Wednesday in Sao Paulo.

No rescue plan for Brazilian firms that lost billions in crisis

The Brazil government will not bailout large conglomerates that have lost money in foreign exchange operations, Finance Minister Guido Mantega said Monday.

These firms may have lost up to 20 billion dollars in the ongoing global financial crisis, he said, but added that this loss "is perfectly absorbable" by the companies, without help from the government.

More than 30 hurt in clashes involving striking police in Brazil

Brazil FlagClashes between thousands of striking Civil Police officers and elite anti-riot police forces have left more than 30 people injured in Brazil's financial capital of Sao Paulo.

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