Brazil

Brazil
Friday, May 28th 2010 - 04:48 UTC

Brazil confident it can bring inflation on target and confront EU slowdown

Central bank chief Henrique Meirelles

Brazil’s central bank chief Henrique Meirelles said he’s “confident” inflation will meet the target because the country has already started raising interest rates. He also admitted that Brazil is seeing “some decline” in exports to Europe as the region’s indebted nations struggle to cut budget deficits.

Friday, May 28th 2010 - 04:27 UTC

Cristina Kirchner meets Lula da Silva to discuss bilateral trade differences

President Cristina Fernandez de Kirchner

In the midst of the tension between Argentina and Brazil, President Cristina Fernández de Kirchner will meet Friday with Brazilian President Lula Da Silva after both take part in the 3rd annual United Nations “Alliance of Civilizations” Summit taking place in Rio do Janeiro.

Thursday, May 27th 2010 - 08:41 UTC

Mercosur becomes debate issue in Brazilian presidential campaign

Dilma Rousseff defended Mercosur while for opposition candidate Serra it’s a “burden”

The Brazilian ruling coalition presidential candidate Dilma Rousseff speaking before industry moguls made a strong defence of Mercosur and criticized the US sponsored Free Trade Area for the Americas.

Thursday, May 27th 2010 - 08:27 UTC

Obama not expected in Brazil before October elections

Iran’s Ahmadinejad, has Brazil and the US in opposing grounds

United States president Barak Obama turned down an invitation from Brazilian president Lula da Silva to visit the country ahead of October 3 when presidential elections are scheduled, reported a newspaper from Sao Paulo.

Thursday, May 27th 2010 - 08:22 UTC

Lula da Silva asks Unasur and Mexico support for his Iran uranium agreement

Lula da Silva has been sending letters to world leaders

Through a letter, Brazilian President Lula da Silvia asked the South American Nations Union (Unasur) and Mexico to support the uranium enrichment tripartite agreement reached between his country, Iran, and Turkey.

Thursday, May 27th 2010 - 08:06 UTC

Brazil warns about retaliation measures if Argentina blocks trade

Welber Barral head of Brazilian Foreign Trade Department

Brazil's administration has threatened to implement retaliation measures if its foodstuffs are banned from entering into Argentina, according to statements made by the Foreign Trade head Welber Barral in a press conference.

Wednesday, May 26th 2010 - 06:25 UTC

IMF chief warns Brazilian economy runs risk of ‘overheating’

Dominique Strauss-Kahn is visiting Brazil and Peru

The Brazilian economy can grow as much as 7% this year, raising the risk of overheating, said on Tuesday International Monetary Fund Managing Director Dominique Strauss- Kahn, who described Brazil as “a success story”.

Tuesday, May 25th 2010 - 06:22 UTC

Brazil closer to control the whole industrial cycle of uranium processing

President Lula da Silva has strongly supported the development of Brazilian nuclear technology

Brazil will be ready to control the whole industrial cycle of uranium processing, from extraction of the radioactive mineral to its final conversion into fuel, in large volumes, by the end of the year, according to military sources.

Tuesday, May 25th 2010 - 06:17 UTC

Fears of Europe’s debt crisis on global recovery hits Brazil’s Real

The Brazilian currency has declined 6.7% this year

Brazil’s currency fell Monday over concern Europe’s debt crisis may slow the global economic recovery. The Real slid 0.9% to 1.8704 per U.S. dollar from 1.8534 on May 21. The currency has declined 6.7% this year after rising 33% in 2009.

Monday, May 24th 2010 - 15:03 UTC

Brazil launches its public broadcasting service targeted to Africa

Brazil TV is the signal that will begin reaching 49 African countries

Brazil launches Monday its international Public Broadcasting Service with the initial purpose of penetrating the African continent, more precisely the former Lusitanian Empire where Portuguese is spoken.

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