Yahoo! News: Brazil

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• Prostitution latest target of Rio's Olympic change (AP)
• Brazil welcomes Carstens' IMF bid; no backing yet (Reuters)
• Lagarde Looking Good for IMF Spot as Candidates Court Brazil (The Atlantic Wire)
• Search teams pull 75 bodies from Rio-Paris wreckage (Reuters)
• House bill cuts U.S. farm aid, payment to Brazil (Reuters)

Prostitution latest target of Rio's Olympic change (AP) Posted: 01 Jun 2011 03:08 PM PDT AP - Cris touches up her lipstick in the bar's dingy mirror, getting ready to work the rush hour in Vila Mimosa, Rio's bustling working-class prostitution zone.

Brazil welcomes Carstens' IMF bid; no backing yet (Reuters) Posted: 01 Jun 2011 02:55 PM PDT Reuters - Brazil welcomed the Mexican central bank chief's candidacy for the IMF's top job on Wednesday as a step forward for emerging economies but stopped short of offering an endorsement, saying it needed more time to decide which candidate to back.

Lagarde Looking Good for IMF Spot as Candidates Court Brazil (The Atlantic Wire) Posted: 01 Jun 2011 09:30 AM PDT The Atlantic Wire - Mexican central bank chief Agustin Carstens is making a last-ditch effort to win Brazil's endorsement for IMF managing director following French finance minister Christine Lagarde's visit on Monday. Insiders tell Reuters that the Brazilian government favors Lagarde and the country's local financial newspaper, Valor Economico, reported today that officials will endorse her, though it didn't reveal its sources. Losing the support of South America's largest economy would be a major blow to Castens, who arrived there today and is already perceived as an underdog. Adding to Lagarde's air of inevitability, Russian deputy finance minister Sergei Storchak told Bloomberg that Lagarde has no real competition from emerging economies candidates. "We're in the strange situation of having another European in line for this job, but a European whose personal and professional qualities make her almost impossible to compete with," he told the news wire on Tuesday. "She has the right background, perfect English and the ability to lead negotiations."

Search teams pull 75 bodies from Rio-Paris wreckage (Reuters) Posted: 01 Jun 2011 04:18 AM PDT Reuters - A French search team has lifted 75 bodies to the surface in recent days from the sunken wreckage of an Air France airliner which crashed into the Atlantic Ocean off Brazil two years ago, killing everyone on board.

House bill cuts U.S. farm aid, payment to Brazil (Reuters) Posted: 31 May 2011 08:11 PM PDT Reuters - A House committee voted to cut off crop subsidies to growers with more than $250,000 a year in adjusted gross income on Tuesday -- a dramatic tightening of the farm safety net.

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