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Brazil lacks the necessary airport facilities to host the 500,000-plus tourists expected to head to the country for the 2014 World Cup of football, a grouping of private aircraft owners said Wednesday.

July 23 (Bloomberg) -- Brazil's central bank raised its benchmark interest rate by three-quarters of a point today, more than economists expected, to slow inflation from a 2 1/2-year high.

July 23 (Bloomberg) -- Brazil's main stock index dropped to a two-week low, led by energy producers and steelmakers, as oil fell almost $4 and a stronger U.S. dollar limited the appeal of commodities as an alternative investment.

When Fabio Calderaro was a 23-year-old cadet at Brazil's military academy in 2000, he invested a couple of thousand dollars in the stock market.

Brazil's president signed two new decrees Tuesday aimed at cracking down on illegal deforestation in the Amazon.

July 23 (Bloomberg) -- Fiat SpA , Italy's largest manufacturer, said second-quarter profit rose 1.9 percent as higher sales in Brazil offset a slump in its home market. Fiat rose as much as 8 percent in Milan trading.

Brazil's economic growth is creating a new generation of millionaires.

Brazil's regulators are set to shake up its fast-growing wireless phone market, in part giving a local player a boost.

BRAZIL have criticised Real Madrid's decision to pull Robinho out of the squad for the Olympic Games, saying the timing of the Spanish club's decision had disrupted their preparations.

Brazil’s central bank was expected to raise the country’s core interest rate by at least 0.5 percentage points on Wednesday night as inflationary pressure has spread across the economy, adding to demands for pay rises especially among public sector workers.