The Brazilian iPhone was meant to mark a new era. When Taiwan's Foxconn Technology Group agreed in April 2011 to make Apple products here, President Dilma Rousseff and her advisers promised that up to $12 billion in investments over six years would transform the Brazilian technology sector, putting it on the cutting edge of touch screen development. A new supply chain would be created, generating high-quality jobs and bringing down prices of the coveted gadgets.
Tags: Brazil
Brazil's Oi rethinks Unitel stake sale as Angola relations warm
Brazilian telecom group Oi SA (OIBR3.SA) is reconsidering the sale of its African assets as relations improve with an estranged partner, Chief Executive Bayard Gontijo said on Monday.
Euro zone set to report solid growth, for a change
With optimism building that the United States is already recovering smartly from another horrible start to the year, focus will shift this week to reports that may show the euro zone is finally shaking off half a decade of torpor.
Apple leaves owners helpless over awful MacBook Pro 'Staingate'; problem affecting more people
More and more people complained about the “Staingate” problem in their MacBooks. A total of 1,477 registered complaints have been recorded already. Until now, Apple has not issued a solution or statement. Rather, the company is seen to be unsupportive on it.
Moto X (1st gen) receives Android 5.1 update; features and details revealed
Latest Android 5.1 update starts to roll out to Moto X (1st gen) devices in Brazil. U.S. owners can hope to have it 2-3 weeks. On the other hand, Motorola president Osterloch hinted that a Moto X (3rd gen) is being worked, and is slated for an August-October 2015 release.
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Germany's BDI industry association is more optimistic about the prospects for Europe's biggest economy than it was three months ago due to cheap oil, strong private consumption and a weak euro, its president said on Sunday.
A phone with a model number LG-VS999 reportedly had an "eye-popping screen resolution of 2880 x 1620 pixels." It was also assumed that it could be the LG G4 and Google's Nexus 2015 phone. The G4 sports features such as a Quad HD resolution, and many more. Further, LG company recently decided to dole out 4,000 G4 smartphones in US, UK, and other regions.
General Electric Co projects revenue growth in the high single digits for Latin American in 2015 despite difficulties in major markets such as Brazil and Venezuela, the company's chief executive for the region said on Thursday.
Ketchup maker H.J. Heinz Co, backed by Warren Buffett's Berkshire Hathaway Inc (BRKa.N) and Brazilian private equity firm 3G Capital, will combine with Kraft Foods Group Inc
The Obama administration has again invited Brazil's President Dilma Rousseff for a state visit to Washington, a diplomatic breakthrough that both sides hope will lead over time to greater trade between the two biggest economies in the Americas.
Shares of U.S.-based agribusiness Andersons Inc (ANDE.O) jumped more than 6 percent on Friday, outpacing the sector, after a Bloomberg News report speculated that Glencore PLC (GLEN.L) could be interested in acquiring the company.
HSBC Global Asset Management, an arm of HSBC Holdings (HSBA.L), is buying bonds of commodity exporting countries because their valuations have dropped so far with the plunge of oil prices, an executive said.
Alibaba Group Holding Ltd is launching a cloud computing hub in Silicon Valley on Wednesday, the e-commerce giant's first outside of China, underscoring its global ambitions in the face of stiff and entrenched competition.
Greece's struggles with its euro zone creditors may have grabbed much of the world's attention, but U.S. Federal Reserve Chair Janet Yellen is likely to reclaim the spotlight this week with testimony on a long-anticipated shift in policy.
