Brazil

Brazil
Saturday, January 9th 2010 - 13:48 UTC

Brazil anticipates second largest grain and oil seed crop in history

Soybean is the main cultivation

Brazil expects in 2010 the second largest grain and oil seed crop in history, closely linked to the success of soy beans, totalling 140 million tons, according to the latest release from the Brazilian Geography and Statistics Institute, IBGE.

Friday, January 8th 2010 - 13:01 UTC

Excellent rain-timing anticipates record crops in Brazil of coffee and soy

Even when many farmers left corn for soy, a bountiful harvest of maize is also expected

Brazil's coffee crop may beat the 48.48 million bag record this year, the country's crop supply agency said in a report which also raised forecasts for the newly-begun soybean harvest.

Friday, January 8th 2010 - 06:12 UTC

President Lula da Silva “will decide” on contract for huge fighter jet order

Swedish Gripen at the heart of a controversy but French Rafale sounds the favourite

Brazilian Foreign Minister Celso Amorim said Thursday that the government -- not the Air Force -- will determine which contractor to pick for a 4.4 billion US dollars fighter jet order, and that President Lula da Silva has not yet made his decision.

Wednesday, January 6th 2010 - 13:08 UTC

Brazil consolidates position a world leader in meat markets

In spite of a “cheap” dollar Brazil’s chicken industry is confident of its leading position in the world

Even when Brazilian meat and chicken exports are recovering at a slower pace than anticipated, representatives from the industry and market analysts anticipate that overseas sales should retake pre-crisis levels by the end of 2010, if not in price, in volume.

Wednesday, January 6th 2010 - 11:20 UTC

Brazil car sales grew 11% in 2009 and another 10% increase is forecasted for 2010

Tax breaks and other government incentives helped boost sales this year

Brazil’s new car sales could rise 10% this year as Latinamerica’s largest economy expands the most since 2007, the country’s dealership federation said on Tuesday. Sales in 2009 increased 11% to 3.14 million units.

Wednesday, January 6th 2010 - 11:11 UTC

Brazil has record increase of international reserves in 2009

The orthodox approach of the Central Bank is attributed much of the success

Brazil’s Central Bank reserves soared 23.4% in the last twelve months having reached 239 billion US dollars by December 31st, according to the latest data available. Nevertheless the Central Bank points out that this was below the December 2nd record of 239.4 billion USD.

Tuesday, January 5th 2010 - 12:52 UTC

Brazil’s main financial group has set eyes on UK’s rescued banks

Pedro Malan, former Finance minister and Itau-Unibanco consultant

Brazil’s leading private banking institution Itaú-Unibanco denied London press reports it was interested in block-buying into UK banks that were saved from collapse in 2008 by the British government, as well as banks in other countries including United States, but admitted an interest in shares

Tuesday, January 5th 2010 - 12:45 UTC

Brazilian exports in 2009 suffer worst performance in six decades

Overall Brazilian foreign trade last year contracted 24.5%

Brazil trade surplus in 2009 was 24.615 billion US dollars the lowest since 2002 (13.13 billion USD) and the worst since President Lula da Silva has been in office, according to the latest release from the Development, Trade and Industry ministry.

Thursday, December 31st 2009 - 12:08 UTC

Lula da Silva ends 2009 with a military crisis over reviewing the past

Defence minister Nelson Jobim and Armed Forces commanders threatened to resign over the “Truth Commission”.

Brazilian president Lula da Silva praised as one of the most influential leaders of the world ends 2009 with a serious political crisis: the Minister of Defence and the commanders on the three services have threatened to resign over the creation of a “truth commission” to investigate human rights abuses during the military dictatorship that extended from 1964 to 1985.

Thursday, December 31st 2009 - 09:15 UTC

Brazil’s market soars 83% in 2009 and Real appreciates 34% against US dollar

A great year for those who invested in Brazil

The performance of Brazilian stocks in 2009 has been one of the highest in the world while the local currency, the Real reflected the recovery of Latinamerica’s largest economy by appreciating 34% against the US dollar this year.

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