Friday, September 25th 2009 - 10:49 UTC

Zelaya’s activities in embassy triggers controversy in Brazil

What is it Mr. Amorim: asylum or refuge?

The activity displayed by ousted Honduran President Manuel Zelaya from the Brazilian embassy in Tegucigalpa has triggered controversy in Brazil’s political establishment and uncertainty about diplomatic jargon such as the extent of the “refuge” condition.

Friday, September 25th 2009 - 10:46 UTC

Brazilian Senate president family again caught red-handed

Senator Jose Sarney, crucial ally of President Lula da Silva

Brazilian president Lula da Silva’s main ally in the Senate, Jose Sarney is again on the “corruption” spotlight following the release of incriminating tapes, this time involving his son Fernando Sarney.

Thursday, September 24th 2009 - 09:21 UTC

Lula da Silva calls on international community to reinstate Zelaya

Ban Ki-moon withdraw support for Honduras November presidential election

Brazilian President Lula da Silva said the international community demands the reinstatement of ousted Honduran leader Manuel Zelaya. Addressing the United Nations, Lula da Silva used the situation in Honduras as an example of where greater global political will was needed.

Thursday, September 24th 2009 - 08:51 UTC

Chilean pulp company expands into Brazil; becomes major global player

CMPC/Aracruz Cellulose operation includes 212.000 hectares with eucalyptus

Chile's blue-chip Ipsa index ended up 0.7% Wednesday, reaching a year high following Chilean pulp and paper products manufacturer Empresas CMPC SA expansion into Brazil, which would position the company among the five leading producers of the world.

Wednesday, September 23rd 2009 - 11:52 UTC

Moody’s confirms Brazil’s investment grade Baa3

The Real closed at a new year-high against the US dollar: 1.7999

Moody's Investors Service raised Brazil's sovereign debt ratings to investment grade on Tuesday and underlined the resilience of Latinamerica's largest economy to the global financial crisis.

Wednesday, September 23rd 2009 - 11:24 UTC

Brazilian incumbent presidential hopeful drops to third place

Dilma Rousseff does not have the aura of her mentor

Brazilian Cabinet Chief Dilma Rousseff, President Lula da Silva’s likely choice to replace him, fell to third place in a survey of voter preferences ahead of 2010 presidential elections.

Wednesday, September 23rd 2009 - 11:20 UTC

World’s biggest iron ore producer under pressure to invest in steel industry

Brazilian tycoon Batista seems to be playing the same tune as President Lula da Silva

Brazilian billionaire Eike Batista said he may be interested in acquiring a stake in the world’s biggest iron-ore producer Vale do Rio Doce, after one of the company’s shareholders said he showed “interest” in buying its stock.

Tuesday, September 22nd 2009 - 12:59 UTC

Honduran de facto rulers demand Brazil hand over Zelaya

OAS chief Jose Miguel Insulza is expected Tuesday in Tegucigalpa

Honduras de facto leader Roberto Micheleti demanded that Brazil hand over deposed constitutional president Manuel Zelaya who is currently in the Brazilian embassy in Tegucigalpa following a dramatic secret return to the country.

Monday, September 21st 2009 - 11:24 UTC

Brazil’s Petrobras is the world’s eighth biggest in market value

Petrobras market value soared from 96 to 165 billion USD

Brazil’s government managed oil and gas company Petrobras is the world’s eighth biggest global company in market value, according to a survey carried out by Ernst & Young.

Monday, September 21st 2009 - 08:37 UTC

Lula da Silva denies arms race and justifies investment in defence

Chile and Colombia have the best organized Armed Forces of South America

Brazilian president Lula da Silva denied South America had embarked in an arms race and justified purchases by Brazil, Chile, Venezuela and Colombia the four countries at the forefront of military hardware expenditure.


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