Brazil
Brazil feedBrazilian Senate calls on a “medium” to explain major blackout causes
Last week’s huge blackout in Brazil which left 18 of the country’s 26 states in the dark is becoming a major embarrassment for the government with opposition Senators summoning a medium to help explain the causes of the outage.
Brazil/Argentina agree trade differences should not influence political relation
Brazil and Argentina ended Wednesday in Brasilia a full day of talks at presidential level without reaching a clear agreement on trade disputes that have caused disruptions to the bilateral relation.
Brazil unveils tax on ADR to help contain appreciation of the Real
Brazil took another step on Wednesday aimed at containing the appreciation of its currency, unveiling a 1.5% tax on certain trades involving American Depository Receipts, ADR, issued by Brazilian companies. Finance minister Guido Mantega said the tax will be charged when foreign investors convert ADRs for Brazilian companies into receipts for shares issued locally.
BG Group plans to invest 20 billion USD to develop oil and gas in Brazil
The president of British Gas Group in Brazil, Nelson Silva said this week that the company plans to invest 20 billion US dollars in the country until 2020.
Brazilian economy overcomes recession and expands at “Chinese rates”
Brazilian president Lula da Silva stated that Latinamerica’s largest economy not only has left the global crisis behind, but also in the third quarter has expanded at a “Chinese rate”, close to 9%.
Argentine fruit exports to Brazil loosing 300.000 USD per day
Argentine exporters claim they are loosing huge sums of money because of Brazilian delays at Customs posts and in extending import licences. This is particularly sensitive for fruit and other perishable exporters.
Cristina and Lula da Silva meet to address bilateral trade conflict
Argentina and Brazil presidents are scheduled to address trade disputes, Mercosur and other coming foreign policy issues when they meet Wednesday in Brasilia for their agreed regular contacts.
Brazil begins “spy” aircraft surveillance against organized crime in favelas
The Brazilian Federal Police announced that beginning December an unmanned “spy” aircraft will over-fly the shanty towns of Rio do Janeiro at a height of 7.000 metres, well out of range from the drug gangs and trades that last week shot down a police helicopter killing three men on board.
Brazil warns of “deterioration” of US relations with South America
Brazilian Foreign Affairs minister Celos Amorim warned that relations between United States and Latinamerica are deteriorating and called on President Barak Obama to begin a dialogue with Venezuelan president Hugo Chavez.
Brazilian military launch Operation Lasso with the Itaipú dam in mind
Brazil launched Sunday military exercises involving the three services and located in three states next to landlocked Paraguay with the “main target” being the recovery of a bi-national hydroelectric dam that has fallen into the hands of an enemy country.
