Brazil

Brazil
Friday, December 25th 2009 - 15:43 UTC

Le Monde names Brazil’s Lula da Silva as “Man of the Year”

Lula:  “The most popular politician in the world”

French daily Le Monde named Brazilian President Lula da Silva “Man of the Year” for “personifying a giant”. It is the first time in its history the French publication has made this designation.

Wednesday, December 23rd 2009 - 15:23 UTC

Brazilian Central bank ready to “preventively” increase rates in 2010

The Brazilian economy set to accelerate 5.8% next year according to the bank

Brazil’s Central bank is ready to act preventively to fight inflation after it forecast growth in 2010 will accelerate to the fastest in three years, triggering above-target inflation, said Mario Mesquita, the bank’s Economic policy director.

Wednesday, December 23rd 2009 - 06:13 UTC

Brazil not pressing Paraguay on Venezuela’s Mercosur incorporation

Paraguayan Foreign Affairs minister Héctor Lacognata

The Brazilian government is not putting pressure on the Paraguayan Congress to vote the full incorporation of Venezuela to Mercosur. Paraguay is the only remaining full member which still has to vote for Venezuela to join the South American trade block, following last week’s Brazilian senate divided approval.

Tuesday, December 22nd 2009 - 16:30 UTC

“Truth Commission” still divides Lula da Silva’s cabinet

Presidential hopeful Dilma Rousseff, one of several cabinet members who was detained and tortured by the military regime when she was a student

Brazilian president Lula da Silva said it was “worth while” to fight against the military dictatorship, which lasted from 1964 to 1985. He made the statements during the launching of a Human Rights program which includes the possibility of creating a Truth Commission to investigate crimes committed under the de facto regime.

Monday, December 21st 2009 - 17:19 UTC

Brazilean industry to manufacture 2.044 armoured vehicles for the Army

Guarani, the new armoured vehicle prototype

The Brazilian Army and Fiat Iveco signed an agreement for the manufacturing or 2.044 armoured vehicles involving 3.5 billion US dollars as part of the new National Defence Strategy launched by the administration of President Lula da Silva.

Sunday, December 20th 2009 - 08:53 UTC

Face-lift for Rio’s Maracana Stadium which will host World Cup and Olympics

Inaugurated for the 1050 World Cup, Uruguay had a full nation in tears

Rio de Janeiro's Maracana Stadium, which is due to stage the opening and closing ceremonies of the 2016 Olympics as well as the 2014 World Cup final, is to get a 300 million US dollars face-lift, announced the city's Secretary of Sports and Tourism.

Thursday, December 17th 2009 - 03:05 UTC

Brazil strong message to Paraguay on support of Venezuela inside Mercosur

Chancellor Celso Amorim left no doubts about a five full member Mercosur

Following this week’s Brazilian Senate vote to for the incorporation of Venezuela as a Mercosur full member, only Paraguay’s support is pending, but the Paraguayan Senate is divided on the issue. More over President Fernando Lugo had to withdraw the initiative last August when he was informed the divided coalition that took him to office could not garner the sufficient votes to ensure support.

Wednesday, December 16th 2009 - 13:03 UTC

Mercosur: Finally Brazil’s Senate approved Venezuela incorporation

Chavez happy to be almost a full member of Mercosur

Bringing to close a year-long internal debate over the role of Venezuela in South American political and economic affairs, Brazil's Senate, by a vote of 35 to 27, voted Tuesday to approve the entrance of the country's northern neighbor into the Mercosur trade bloc.

Wednesday, December 16th 2009 - 05:50 UTC

Banco do Brazil interested in Argentina’s fourth largest bank

BB is involved in an aggressive international expansion

Banco do Brazil (BB), Latinamerica’s largest government-managed bank, is in talks with Argentina’s Banco Patagonia, seeking to expand internationally, announced CEO Aldemir Bendime.

Tuesday, December 15th 2009 - 14:20 UTC

Brazil, Peru plan to build five hydroelectric dams in the Amazon

Minister Lobao said Brazil needs to boost power capacity by 50% in ten years

Brazil expects to reach an accord with Peru by March on a 5 billion US dollars power project to secure energy supplies for both countries, according to Energy minister Edison Lobao. The two governments plan to build five hydroelectric plants in Peru that will produce 6,000 megawatts of electricity

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