Brazil

Brazil
Monday, July 28th 2014 - 07:43 UTC

Brazilian Jewish community apologizes to President Rousseff's administration

Israel's Foreign ministry Yigal Palmor called Brazil a 'diplomatic dwarf” and politically irrelevant

Brazil’s Jewish community apologized to the administration of Brazilian President Dilma Rousseff for statements by the spokesman of Israel’s foreign ministry after Brazil recalled its envoy over the Gaza conflict.

Saturday, July 26th 2014 - 06:24 UTC

Santander apologizes to President Rousseff for leaking 'political bias' comments

The report said that ”the (Brazil) economy would worsen if President Rousseff’s chances of being re-elected stabilized or improved”

Banco Santander Brasil SA, apologized for a note sent to some of its high-income clients in Brazil saying the economy would worsen if President Dilma Rousseff’s chances of being re-elected stabilized or improved.

Saturday, July 26th 2014 - 06:18 UTC

Brazilian auto industry putting workers on paid leave as production plummets 10%

General Motors put 940 workers at the same factory on paid leave in 2012, and the union said 598 of them were later fired

General Motors Co wants to put nearly a fifth of its workers at a factory in Brazil on paid leave, an auto workers union said this week, amid falling output in Latin America's largest economy.

Friday, July 25th 2014 - 06:22 UTC

Brazil wants to speed Mercosur/Pacific Alliance free trade understanding

Ferreira Simoes said the issue would be discussed at the coming Mercosur summit in Caracas

Brazil will propose next Tuesday, in Caracas, during the Mercosur summit that the group and the Pacific Alliance reach an agreement on free trade by the end of the year, according to official sources from Itamaraty.

Thursday, July 24th 2014 - 23:34 UTC

Brazil's priority is curbing resistant inflation, say central bank minutes

The central bank kept its benchmark Selic rate on hold at 11% for the second straight time last week

Brazil's central bank indicated on Thursday it is unlikely to cut interest rates any time soon and instead is focused on curbing resistant high inflation even as the economy flirts with recession. In the minutes of its last policy meeting, the bank stressed that interest rates at current levels should help ease inflation in coming years.

Tuesday, July 22nd 2014 - 09:00 UTC

Mercosur has 'yet to crystallize' but 'I remain positive' says Cardoso

The former Brazilian president claims points to the common external tariff as the main obstacle

Former Brazilian president Fernando Henrique Cardoso said that Mercosur has 'yet to crystallize as a customs union' and pointed to the common external tariff which is the founding stone but is “full of objections” as the main hurdle. Nevertheless “I remain positive about the strength of Mercosur”.

Tuesday, July 22nd 2014 - 06:39 UTC

China/Argentina swap disagreements to be addressed by courts in London and Paris

Xi and Cristina celebrate, but any differences on the swap will not be decided by Argentine or Chinese courts

Argentina's current confrontation in New York with Judge Thomas Griesa and the holdout speculative funds brings up the issue of having resigned the sovereignty of Argentine courts at the time of negotiating or restructuring foreign debt.

Saturday, July 19th 2014 - 07:36 UTC

A money rich China and Brazil dispute influence in Latam

“Venezuela is currently China's number one debtor in Latin America, and Beijing's top supplier of oil in the region”, says Mijares

After the BRICS summit and a visit to Brazil, China's President Xi Jinping is embarking on a tour of Argentina, Venezuela and Cuba in a bid to boost ties and gain clout in the region, as analyst Victor Mijares tells Deutch Welle.

Saturday, July 19th 2014 - 07:11 UTC

Embraer's 20-year market outlook: 6,250 new jets in 70 to 130-seat segment

The C-190, one of Embraer's most successful 70 to 130-seat jet aircraft

Brazil leading aircraft manufacturer and space research company, Embraer has released its Market Outlook 2014-2033 which details the company's forecast for deliveries of new 70 to 130-seat jet aircraft over the next twenty years. The report examines the main drivers contributing to air transport growth and reviews projected deliveries by world region.

Saturday, July 19th 2014 - 06:41 UTC

China confirms its interest in Brazil with credit and infrastructure projects

Presidents Xi and Rousseff seal the close relationship

China expanded its trade partnership with Brazil with 7.5 billion dollars in financing for Brazilian miner Vale, the purchase of 60 passenger jets from plane-maker Embraer and renewed commitment to invest in infrastructure.

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