Brazil

Brazil
Saturday, July 9th 2011 - 07:10 UTC

Brazil drop in production has sugar prices soaring: 73% in last twelve months

Cane production in the centre south of Brazil has declined almost 25%

Sugar jumped the most since October after an industry group said output would decline in Brazil, the world’s biggest grower. Production in the Centre South, Brazil’s largest growing area, may drop by as much as 1 million metrics in the current season compared with a year earlier, Unica said on Friday.

Saturday, July 9th 2011 - 07:03 UTC

Fiat confirms trade disputes between Argentina and Brazil

The Italian company plants in both countries set to close for a week

Fiat will trim some production in Brazil and Argentina for a week because of a trade spat between the South American neighbours, the Italian car maker said on Friday.

Friday, July 8th 2011 - 05:55 UTC

Unmanned aircraft patrol Bolivia/Brazil border to control drugs and smuggling

Drones should help in preventing drugs and arms reaching the gangs in favelas

Four Brazilian unmanned aircraft guided by remote control, Drones, will begin operating in August along the Bolivian border announced Felipe Caceres, Bolivian Social Defence Deputy Minister.

Thursday, July 7th 2011 - 16:24 UTC

“Sweet” sugar hikes FAO Food Price Index in June to 39% above a year ago

The sugar price index was up 14% in one month as Brazil’s crop is disappointing

United Nations Food and Agriculture Organization, FAO, Food Price Index rose one percent to 234 points in June 2011 – 39% higher than in June 2010 but four percent below its all-time high of 238 points in February of this year.

Thursday, July 7th 2011 - 07:04 UTC

Debate on the vulnerabilities that could condition the Brazilian economy mid term

Consumer credit average interest rates stand at 47%

The good performance of the Brazilian economy and its management of the 2008 world financial crisis have been headlines across the world, but there are also some warning signals form analysts regarding the possibility of asset bubbles and their consequences.

Wednesday, July 6th 2011 - 22:41 UTC

Brazil’s (5%) Transport minister resigns following allegations of corruption

(Ex) Minister Alfredo Nascimento blames his top aides

Brazil's transport minister became the latest top official to quit because of corruption allegations, adding to the recent struggles of President Dilma Rousseff's six-month-old government.

Wednesday, July 6th 2011 - 15:56 UTC

Brazil planning new intervention measures to curb its currency appreciation

“It’s a hot economy, but not too hot”, says Guido Mantega

Brazil's government may intervene in futures markets to weaken the Real, Finance Minister Guido Mantega told reporters in London on the sidelines of a conference on Tuesday.

Wednesday, July 6th 2011 - 15:35 UTC

Brazil 2010/11 soy crop larger than estimated but strong Real eats into profits

Soy fields make Brazil a world food power

Brazil's 2010-11 soy crop was larger than previously estimated, as higher productivity and a greater area of land planted with the oilseed resulted in record output, agricultural consultancy Celeres reported this week.

Tuesday, July 5th 2011 - 15:44 UTC

Uruguay and Brazil move closer to a partnership in wind power projects

Both countries are anxious in developing alternative energies

Uruguay’s state owned power company UTE moved closer to linking with Brazil’s Eletrobras for wind projects after its board gave the go-ahead to explore a partnership.

Tuesday, July 5th 2011 - 06:08 UTC

President Rousseff relations with 10 party coalition remain strained

Defence minister Nelson Jobim complained publicly he has to tolerate ‘an ever-greater number of idiots’

The six-month old administration of Brazilian President Dilma Rousseff’s is again under strain following on her strong character reactions, thus casting doubts about the passing of her legislative agenda, which is already considerably delayed.

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