Brazil

Brazil
Saturday, March 20th 2010 - 01:58 UTC

Opposition leader Serra confirms he will run for Brazilian presidency

 Serra has a tough challenge ahead given the popularity of Lula da Silva and the strong economy

Brazil’s main opposition leader and governor of the country’s biggest state of Sao Paulo Jose Serra, said Friday for the first time publicly that he will be a presidential candidate in this year's elections.

Thursday, March 18th 2010 - 23:48 UTC

Lula da Silva fined for “anticipated” electoral campaigning

The Brazilian president ten months ago called on followers to vote for Dilma

Brazilian Electoral Justice announced it had fined President Lula da Silva for having “anticipated” the campaign for next October presidential election, thus favouring the incumbent candidate and cabinet chief Dilma Rousseff.

Thursday, March 18th 2010 - 23:45 UTC

Brazil leaves basic rate unchanged at 8.75%, in divided decision

President Henrique Meirelles is expected to leave the bank at the end of the month

The Brazilian central bank kept its benchmark Selic interest rate at a record low 8.75% in a less-than-unanimous decision, signaling that borrowing costs may rise as soon as next month.

Thursday, March 18th 2010 - 02:02 UTC

Lula da Silva laid a wreath at Arafat’s mausoleum and ready “to talk to Hamas”

The road leading to Arafat’s mausoleum has been named “Brazil Street” (AP)

Brazil's president criticised Israeli policies towards the Palestinians, warning that Israel's separation barrier, its blockade of Gaza and its continued settlement building was extinguishing “the candle of hope”.

Wednesday, March 17th 2010 - 23:19 UTC

Lula da Silva is warned about involvement in the presidential campaign

A strict code of conduct for Dilma Rousseff and other members of the administration

Brazilian president Lula da Silva was authorized to participate in the campaign of the ruling coalition presidential candidate Dilma Rousseff, but after working hours and with all expenses billed to the Workers Party.

Tuesday, March 16th 2010 - 18:20 UTC

Petrobras planning to issue 60 billion US dollars of new stock

Minister Edison Lobao said Petrobras has “no funding problems”

Brazil’s government managed oil company Petrobras will issue as much as 60 billion US dollars of new stock, most of which will go to the government in exchange for oil rights, Energy Minister Edison Lobao announced Tuesday.

Tuesday, March 16th 2010 - 05:16 UTC

Lula da Silva calls for Palestinian state during official visit to Israel

 The Brazilian president fears Israel might decide to attack Iran

Brazilian President Lula da Silva kicked off a Middle East trip in Jerusalem by saying he wants to promote regional peace, after expressing concerns last week that Israel may attack Iran over its nuclear program.

Tuesday, March 16th 2010 - 05:06 UTC

Mercosur/Israel free trade agreement becomes effective April

Brazil expects to triple trade by 2015

Brazil expects a new free trade agreement with Israel to swell bilateral trade to more than 3 billion US dollars within five years, officials said on Monday. Trade between Israel and Brazil slipped below 1 billion USD in 2009 from a peak of 1.6 billion USD in 2008 -- 1.2 billion USD of which were Israeli exports -- due to the global economic crisis.

Monday, March 15th 2010 - 21:58 UTC

Lula da Silva refers to Ahmadinejad and Chavez as two “nutties”, says O’Globo

” That’s why every now and then I stop by in Venezuela”

Brazilian president Lula da Silva allegedly referred to Iranian president Mahmud Ahmadinejad and Venezuelan president Hugo Chavez as “nutty” leaders which must be kept under control through close links, reports the Brazilian newspaper O’Globo.

Saturday, March 13th 2010 - 02:55 UTC

Cuban political prisoners’ controversy backfires on Lula da Silva

The Brazilian president lost his magical ubiquity

One of the most influential Senators from Brazil’s ruling Workers Party remembered President Lula da Silva that world figures such as India’s Mahatma Ghandi and Martin Luther King appealed to hunger strikes as part of their peaceful struggle for the rights of their peoples.

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