With a goal to attract huge investments to Sao Paulo, Mayor Ricardo Nunes and other city leaders are working on a bill that could turn the Brazilian city into an investment hub for betting and fant

Sao Paulo - Brazil's central bank on Wednesday evening cut its Selic benchmark interest rate for a third time to 10.25 per cent from 11.25 per cent, in an attempt to boost growth.

Sao Paulo, Brazil - Three-time world footballer of the year Ronaldo could be fit enough to play for Brazil at the 2010 World Cup finals in South Africa, his team doctor told German Press Agency dpa.

Although Ronaldo will be nearly 34 when the tournament takes place, he should be physically strong enough to play at the highest level, Corinthians doctor Joaquim Grava said.

Sao Paulo  - The veteran Brazilian striker Ronaldo confirmed his recovery 13 months after knee surgery with a brace in Corinthians' 2-2 draw against Ponte Preta, in which he played the full game for the first time since the operation.

Ronaldo, 32, who has undergone three major knee injuries in his career, now has scored an average of 0.8 goals per game at his Brazilian club, very close to the best numbers of his footballing life.

Sao Paulo - Ronaldo's recovery from knee surgery is well on track, and he is now a starter at Corinthians and again scored in his team's 2-1 victory over Sao Caetano in the Sao Paulo state championship.

"Everything is going very well, I am happy," the veteran striker said after the game Wednesday night.

Sao Paulo - Before making his debut with Brazilian club Corinthians, veteran striker Ronaldo was facing his first punishment Friday - a fine for "lack of discipline."

The club leadership was upset about the forward's delayed return to work after a day off.

Corinthians officials said Friday that Ronaldo, 32, arrived at least six hours late to the team's hotel in the town of Presidente Prudente, in Sao Paulo state.