Brazil

Brazil
Thursday, November 5th 2009 - 09:51 UTC

Petrobras receives Chinese financing to develop sub-salt oil resources

Petrobras has plans to invest 174 billion USD in the next four years

Brazil's government managed oil and gas group Petrobras announced Wednesday it had signed a contract permitting the first payment from a 10 billion US dollar loan from China to help it finance upcoming investments.

Wednesday, November 4th 2009 - 13:03 UTC

Brazilian opposition to vote against Venezuela in Mercosur

President Chavez at the centre of the controversy

The Brazilian opposition announced it will attempt to delay as much as possible the Senate vote on the incorporation of Venezuela to Mercosur which is scheduled to take place Wednesday following the approval by the Foreign Affaire committee last week.

Tuesday, November 3rd 2009 - 11:58 UTC

French Defence minister calls on Argentina to follow the steps of Brazil

Hervé Marin, French Defence Minister on a Latinamerican tour

French Defence minister Hervé Morin said that Argentina could increase its international influence following on the steps of Brazil, which is currently modernizing its military hardware and planning on the long term.

Tuesday, November 3rd 2009 - 07:39 UTC

US puts pressure on Brazil to purchase Boeing’s F 18 Super Hornets

President Barak Obama has a “special interest” in the six billion USD contract

United States president Barak Obama has a special interest in the sale of 36 fighter aircraft Brazil has announced it plans to purchase and would consider a “disappointment” if the contract goes to any of its competitors (France or Sweden), said Ellen Tauscher Under Secretary for Arms Control and International Security.

Monday, November 2nd 2009 - 12:06 UTC

Brazil’s plan to boost the economy and send a good report to Copenhagen

Time for Brazilian consumers to buy energy efficient refrigerators with a 15% tax rebate

Brazil has extended tax breaks on energy-efficient home appliances for three months in a bid to boost consumption and consolidate a rebound in Latinamerica's largest economy. The announcement was made last week by Finance Minister Guido Mantega and becomes effective this month.

Saturday, October 31st 2009 - 07:03 UTC

Venezuela/Brazil agree terms of refinery to be built in Pernambuco

Petrobras share is 60% but both partners will supply 50% of crude

Brazil's government managed oil company Petrobras said on Friday that it had concluded a deal with Venezuela's PDVSA to construct and operate a refinery in northeast Brazil.

Friday, October 30th 2009 - 03:05 UTC

Argentina/Brazil clash over trade restrictions: what restrictions?

Both sides deny reprisals but trucks are delayed at border crossings

Brazilian Minister of Development Industry and Trade, Miguel Jorge confirmed Thursday that the Brazilian government is requesting non automatic licenses for some imports from Argentina, but denied it was a reprisal because of similar measures imposed by Argentina.

Thursday, October 29th 2009 - 09:50 UTC

Brazilian government lowers tax to benefit consumers and farmers

JBS is rapidly becoming the world’s leading corporation in animal protein foods

Brazil’s main meat processor JBS praised the government for lowering a local tax that will ultimately benefit consumers and farmers. JBS is also in the process of becoming the world’ leader in animal protein food by taking over US chicken producer Pilgrim’s Pride and merging with Brazil’s Bertin SA.

Thursday, October 29th 2009 - 07:11 UTC

Brazil confirms the gradual elimination of US dollar in trade operations

The option experienced with BRIC and Mercosur members is the SML, or payment in local currencies.

Brazilian Central Bank president Henrique Meirelles said the country is considering the gradual elimination of the US dollar in trade with China, Russia and India, which together with Brazil make up the BRIC group.

Wednesday, October 28th 2009 - 07:18 UTC

Porous Brazilian borders feed Olympic Rio gangs with heavy weapons

Earlier in the month a Special Forces helicopter was downed by the gangs

The Brazilian Federal Police identified 17 places through which illegal weapons are introduced into the country, including most of those used by organized crime such as heavy machine guns capable of downing a helicopter as recently happened in one of the favelas, the shanty towns that speck Olympic city of Rio do Janeiro.

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