Thursday, February 17th 2011 - 01:58 UTC

Brazil injects 27 billion USD to subsidized-loans development bank

BNDES played a crucial role in stimulating the Brazilian economy in 2008/09 and ensuring the 2010 electoral year bonanza

Brazilian state-run development bank BNDES will receive at least 45 billion Real or 27 billion US dollars from the government to extend its program of low-cost loans for supporting company investments in capital goods, local media reported this week.

Wednesday, February 16th 2011 - 22:53 UTC

Mantega reiterates opposition to French plan for commodity prices regulation

Rich countries should work to eliminate farm subsidies, said the Brazilian minister

Brazil reiterated opposition to a French plan to impose regulation on commodity prices, saying it could have “negative effects” on major suppliers such as itself. “Brazil is totally opposed to a mechanism of control or regulation of commodity prices,” Finance Minister Guido Mantega told reporters, reiterating a position he gave last week.

Wednesday, February 16th 2011 - 13:31 UTC

Brazil cuts defence budget but purchase of 36 new jets remains on the agenda

The French Rafale fighter from Dassault Aviation

Brazil's government will cut 4,2 billion Brazilian Real (approximately 2.4 billion USD) from its 15.17 billion defense budget this year under proposed fiscal tightening, Defense Minister Nelson Jobim announced this week.

Wednesday, February 16th 2011 - 06:14 UTC

US President Obama visits Brazil March 19 and 20

Presidents Rousseff and Obama have already met at the White House

The Brazilian government confirmed on Tuesday that US President Barak Obama will make an official visit to Brazil on March 19 and 20.

Wednesday, February 16th 2011 - 01:09 UTC

Rio de Janeriro’s top cop forced to step down in midst of corruption scandal

Operation ‘Guillotine’ caught up with Allan Turnowski

The head of Río de Janeiro's state's civil police quit, becoming the latest victim of a drugs and corruption scandal that has shocked the police in Brazil's second city.

Tuesday, February 15th 2011 - 05:25 UTC

Brazil ratifies no-support policy for UK military or government vessels linked to Malvinas

Ministers Puricelli and Jobim

Defence minister Arturo Puricelli said Monday that Argentina “has no conflict hypothesis with countries from the region” and thanked the “strong support” from his visiting Brazilian peer Nelson Jobim regarding Argentine sovereignty over the Falklands/Malvinas Islands.

Monday, February 14th 2011 - 18:51 UTC

China “not too worried” about India/Brazil’s criticism of Yuan policy

Brazil’s president Dilma Rousseff listened to what Geithner (L) had to say

In spite of United States inciting Brazil and India to criticise China's currency policy, Beijing need “not worry too much” because it can defuse the tension through talks, according to Chinese officials.

Saturday, February 12th 2011 - 08:02 UTC

India, Brazil, Germany, Japan demand Security Council reform this year

Brazil's Foreign Minister Antonio Patriota, targeting the widest support possible

Four regional powers hoping to get permanent seats on the Security Council — India, Germany, Brazil and Japan — said Friday they believe the U.N. will take action by September on expanding its most powerful body.

Saturday, February 12th 2011 - 05:31 UTC

Brazil and Argentina will reject ‘commodity prices regulation’ at G20

The proposal was put forward by French president Nicolas Sarkozy

Brazil and Argentina came out Friday against a French proposal to be put to the G20 to regulate commodity prices whose recent rises are blamed for a spike in food costs.

Saturday, February 12th 2011 - 05:17 UTC

Brazilian shipyard wins Petrobras 4.6 billion contract for seven ultra-deep rigs

The first rig is scheduled to enter operations in 2015

Brazil's government managed oil and gas giant Petrobras said on Friday that local shipyard Estaleiro Atlantico Sul (EAS) had won the tender to build seven drilling rigs in Brazil.


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