Brazil

Brazil
Wednesday, July 20th 2011 - 11:22 UTC

Ahead of major international events, Brazil Tourism Board names new president

Rio do Janeiro is preparing for the 2014 World Cup and 2016 Olympics

The Brazil Tourism Board (Embratur) named Flavio Dino, a former federal congressman, as its new president, succeeding Mário Moysés.

Tuesday, July 19th 2011 - 13:16 UTC

Northeast Brazil invests in wind energy, operational by December 2012

Turbines in the three locations should generate 90 MW

Denmark-based Vestas has secured an order from a consortium created by Brennand Energia and Companhia Hidro Eletrica do Sao Francisco in the north east of Brazil to supply turbines with a total capacity of 90MW for three wind energy projects.

Tuesday, July 19th 2011 - 06:05 UTC

Brazil to cut ethanol content in gasoline to ease pressure on sugar market

Poorcane harvest is having a full impact on world international sugar prices

Brazil will reduce the ethanol content in gasoline in another effort to contain inflation since sugar (and ethanol) prices because of a poor crop have been soaring, according to the Sao Paulo press.

Tuesday, July 19th 2011 - 01:15 UTC

Brazil tightens consumer credit backed by wages and pensions

Brazilian consumers pay annual rates of up to 200% on credit card balances

Brazil's central bank on Monday tightened rules on credit card loans backed by wages and pensions which households are increasingly using as a source of long-term borrowing.

Monday, July 18th 2011 - 08:50 UTC

Brazil launched the construction of four Scorpene-class attack submarines

President Dilma Rousseff present at the ceremony reiterated Brazil’s interest in technology transfer

The construction of four diesel powered Scorpene-class attack submarines for the Brazilian Navy was launched on Saturday at a plant near Rio de Janeiro.

Saturday, July 16th 2011 - 07:25 UTC

Move closer to Brazil politically and economically, says US Foreign Relations Council

From sponsoring the ousting of Goulart in 1964 to close relations with Lula da Silva and Dilma Rousseff

Influential foreign policy experts at the New York based Council on Foreign Relations (CFR) think the United States should move closer to Brazil politically and economically and recommend the creation of a Brazilian affairs office at the National Security Council.

Friday, July 15th 2011 - 16:31 UTC

Plan to support Brazilian industry from foreign protectionism to be announced August 2

President Rousseff in Porto Alegre promised to act boldly

Brazil’s president Dilma Rousseff announced Thursday night the launching of a new plan aimed to boost and protect Brazilian industry against international competition and at the same called for a technological development leap forward.

Friday, July 15th 2011 - 06:25 UTC

Argentina denies restrictions in trade with Brazil; admits ‘logical differences’

Clarin sources say that up to 40.000 “Made in Argentina” cars are blocked at the Brazilian border

Argentina’s trade relation with Brazil does not have restrictions and “it’s understandable that some differences surface” when bilateral trade will be reaching over 40 billion dollars this year, said Argentine Industry Ministry sources in Buenos Aires.

Thursday, July 14th 2011 - 22:09 UTC

Brazil has a “North Sea of oil” along its Atlantic coast, says Petrobras

Francisco Nepomuceno Filho, Petrobras’s, Petrobras London head of exploration and production

Brazil’s oil reserves, including recent discoveries in deep waters of the Atlantic Ocean, are of a similar size to those found in the North Sea, said a Petrobras exploration official in an interview in London.

Thursday, July 14th 2011 - 07:17 UTC

Stormy forecast for President Rousseff ten-party ruling coalition

Paulo Sergio Passos will manage billions of US dollars in contracts

Brazilian president Dilma Rousseff is facing further political unrest in the ruling coalition following the naming of a new Transport Minister, apparently a unilateral decision that was not shared by several allies.

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