Brazil

Brazil
Thursday, June 4th 2009 - 16:46 UTC

Air France crash: Brazil navy arrives in ocean zone

The airship would have collapsed in only 4 minutes

Search crews flying over the Atlantic have found debris from the crashed Air France jet spread over more than 90km of ocean. Brazilian Defence Minister Nelson Jobim said the existence of large fuel stains in the water could rule out an explosion.

Wednesday, June 3rd 2009 - 10:51 UTC

Brazil confirms Air France jet crashed into the Atlantic

Brazilian and French teams have been searching the Atlantic Ocean (Photo AFP)

Brazil's military has found wreckage from the Air France passenger jet that disappeared with 228 people on board, the country's defence minister says.

Tuesday, June 2nd 2009 - 12:35 UTC

Brazilian public opinion split on Lula da Silva’s re-re-election

The Brazilian ruling coalition is becoming restless about the future without Lula da Silva.

Brazilian public opinion is split almost equally on the re-election of President Lula da Silva for a second period, according to the latest poll published in Sao Paulo. Lula da Silva one of Brazil’s most popular leaders in decades has a support of 69% but a constitutional reform is needed if he is to run again in 2010.

Monday, June 1st 2009 - 13:33 UTC

Brazilian beef industry blamed for Amazon deforestation

Greenpeace fingers out Lula da Silva’s complacency with the industry and ranchers

Boots and training shoes are not the first things that spring to mind when you think about the causes of rainforest destruction and climate change, but just because the connection isn't obvious doesn't mean it isn't realm, says Greenpeace in a new report, “Slaughtering the Amazon”.

Saturday, May 30th 2009 - 15:22 UTC

Brazil’s Real at it highest in 8 months; Bovespa up 40% so far this year

Investors return as the Brazilian economy seems to be turning the corner

The Brazilian currency reached its highest level in eight months on Friday as signs that the world economy is bouncing back and there’s a return of capital inflows to emerging markets. Similarly the Bovespa market index rose 12% in May totaling 40% since the beginning of the year.

Friday, May 29th 2009 - 08:43 UTC

Itaipú is a “political problem”, says Lula da Silva’s main advisor

Marco Aurelio García is reasonably positive about finding a “common denominator” to the dispute.

Differences between Brazil and Paraguay over the world’s largest operational hydroelectric dam, Itaipú, are a “political problem” and not an energy issue according to Marco Aurelio García, international affairs advisor to the Brazilian Executive.

Friday, May 29th 2009 - 05:04 UTC

Brazil discovers the benefits of efficient cook stoves.

The new cook stove cut the use of wood as a fuel drastically

Woodland in Brazil is being cut down, day after day. The local people say they need it to make a living. This is not the Amazon rainforest deforestation, but the woody landscape of Caatinga in the North Eastern corner of Brazil. Caatinga’s inhabitants are cutting wood for cooking.

Wednesday, May 27th 2009 - 12:05 UTC

Brazilian companies free of nationalization spree, promises Chavez

Plenty of funds to keep taking over strategic sectors of the Venezuelan economy

Venezuelan president Hugo Chavez told his Brazilian peer Lula da Silva that Brazilian corporations are safe from the current nationalization process in his oil-rich country. The two presidents met on Tuesday in Bahia to discuss Mercosur, energy, finances and regional integration.

Wednesday, May 27th 2009 - 11:53 UTC

Brazil confident Venezuela joins Mercosur next September

Top salesman Lula da Silva: contracts in Venezuela for Brazilian corporations

Brazil Lula da Silva said on Tuesday his peer Hugo Chavez is expecting the Brazilian Senate to approve Venezuela’s incorporation to Mercosur before next September.

Wednesday, May 27th 2009 - 06:23 UTC

Brazilian Central Bank not surprised by steady gain of the Real

Meirelles: “Brazil's government took timely measures to combat the crisis.”

Brazilian Central Bank President Henrique Meirelles said Tuesday that there are signs that the economy is recovering although he offered no specifics. Brazil’s economy expanded 5.1% in 2008 but government forecasts have been downgraded to 1% for 2009, and private estimates are even more pessimistic

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