Archive for the ‘Banking Industry’ Category

World Bank Approves Neeranchal National Watershed Project, India

Comments Off | 07-20-2014

Neeranchal National Watershed Project to improve watershed management in rural rainfed areas.
Today, watershed development is critical to India’s development as vast stretches of agricultural land are in rain fed regions, characterized by extensive land degradation, low rainfall, reduced agricultural productivity, and higher rates of poverty.
The project will be implemented over a six-year period and will [...]

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ICE returns masterpiece linked to bank fraud to Brazilian government

Comments Off | 05-11-2014

NEW YORK — U.S. Immigration and Customs Enforcement’s (ICE) Homeland Security Investigations (HSI) returned a painting linked to a bank fraud investigation to the government of Brazil at a repatriation ceremony Friday in New York. The painting was smuggled into the United States in violation of U.S. customs laws and forfeited earlier this year as [...]

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World Bank President Sees $100 Billion Increase in Lending Ability to Help End Poverty

Comments Off | 04-3-2014

WASHINGTON, April 1, 2014—World Bank Group President Jim Yong Kim today announced a series of measures aimed at strengthening the World Bank Group to better meet the evolving needs of clients, including a $100 billion increase in the lending capacity of the Bank’s lending arm for middle-income countries over the next decade, new innovations in [...]

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WB/Brazil: More than 1.8 million people to benefit from improved water and sanitation in the State of Espírito Santo

Comments Off | 03-31-2014

WASHINGTON, MARCH 28, 2014 – More than 1.8 million people living in the metropolitan region of Vitória, capital of the State of Espírito Santo, in southeastern Brazil, will benefit from a US$225 million loan approved today by the World Bank Board of Executive Directors. The Espírito Santo Integrated Sustainable Water Management Project will focus on [...]

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Caixa Econômica Bank opens agencies in Europe for Brazilians who wish to withdraw from their Guarantee Fund

Comments Off | 05-10-2012

The Federal bank, Caixa Econômica, and the Ministries of Foreign Affairs and Labor & Employment have launched a service to attend request for withdrawals from the Workers’ Guarantee Fund (FGTS) for Brazilians living in Europe. The launching ceremonies take place today (May in London, England and Thursday (May 10) in Paris, France. The first [...]

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Central Bank maintains in 3.5% the estimative of economic growth this year

Comments Off | 04-3-2012

The Central Bank (BC) maintained the estimative of economic growth – Gross National Product (GNP) – this year in 3.5%. The information is part of the Inflation Report released this week by the Central Bank.
According to the institution, the Brazilian economic activity has showed a moderate decrease in 2012, due to the effects of the [...]

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BRICS study group creation to organize a development bank

Comments Off | 03-31-2012

Brazil, Russia, India, China and South Africa will join efforts to have a specific development bank for the group of BRICS – formed by five countries. A working group formed by technicians from five nations will conduct the studies to organize and put together the financial institution.  However, before consolidation, the group will internally negotiate [...]

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NCR and Scopus Tecnologia ink agreement to accelerate growth in Brazil

Comments Off | 08-6-2011

NCR Corporation and Scopus Tecnologia Ltda, a wholly-owned subsidiary of Banco Bradesco SA, announced Friday the formation of a strategic alliance for the manufacturing and development of ATMs in Brazil that will see Scopus acquire a 49 percent equity stake in NCR Manaus, NCR’s Brazilian manufacturing and engineering operations.
Concurrently, Banco Bradesco signed an agreement with [...]

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Banco Bradesco S.A. gains shareholding control of Banco do Estado do Rio de Janeiro S.A

Comments Off | 05-26-2011

Banco Bradesco S.A. (Bradesco) acquired shareholding control of Banco do Estado do Rio de Janeiro S.A. (BERJ) from the Government of the State of Rio de Janeiro. The investment involved the purchase of 96.99% of common shares and 95.21% of preferred shares, representing 96.23% of BERJ’s capital stock, for a total of R$1.025 billion.
With the [...]

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MasterCard and Rev Worldwide launch Brazil’s first Prepaid Card for everyday purchases with Banco PanAmericano

Comments Off | 05-9-2011

MasterCard and Rev Worldwide launched Brazil’s first prepaid card for everyday purchases with Banco PanAmericano. The prepaid card services will be available throughout all participating PanAmericano stores in Brazil.
The PanAmericano MasterCard Prepaid Card is the only general purpose reloadable prepaid card available in Brazil today and does not limit the card’s use to specific transactions [...]

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