Brazil

Brazil
Saturday, April 17th 2010 - 06:34 UTC

Brazil considering tax breaks and lower import tariffs to fight inflation

Mantega said that monetary policy remains the cornerstone

Brazil is considering additional anti-inflationary measures such as tax breaks and lower import tariffs but monetary policy remains the main tool to control prices, Finance Ministry officials said on Friday.

Saturday, April 17th 2010 - 03:08 UTC

Foreign capital inflow to Latinamerica to grow 21% (190.4 billion USD) in 2010

Brazil continues as the main attraction for foreign investors

Foreign capital inflow to Latinamerica should increase by 21% this year over 2009 particularly because of Brazil and Mexico anticipates the Institute of International Finance, the world’s largest bankers’ association.

Friday, April 16th 2010 - 00:10 UTC

China agrees to invest heavily in Brazilian infrastructure

Presidents Lula da Silva and Hu Jintao signed several trade and investment agreements

China and Brazil bolstered their growing ties with trade and investment agreements on Thursday in Brasilia before a summit of the world's top four emerging markets that was cut back after China's leader decided to return home to deal with a major earthquake.

Thursday, April 15th 2010 - 17:14 UTC

Petrobras completes global presence by acquiring stake in Australian block

The Brazilian corporation is a world leader in offshore deep water oil exploration

Brazilian government managed energy giant Petrobras announced it acquired a 50% stake in an exploration block in Australia with significant natural gas potential. Petrobras acquired the stake from MEO Australia for 39 million USD.

Thursday, April 15th 2010 - 05:50 UTC

China’s Sinopec expected to invest in Brazilian offshore oil blocks

Chinese president Hu Jintao arrived Wednesday in Brazil

China's Sinopec will buy stakes in two Brazilian offshore blocks from state-run Petrobras, local media reported Wednesday, as part of a cooperation agreement to be signed during a visit by China's president to Brazil.

Thursday, April 15th 2010 - 05:39 UTC

BRIC leaders arrive in Brazil for two-day summit in anticipation of G20

The four BRIC leaders, Lula da Silva, Dmitry Medvedev, Hu Jintao and Manmohan Sing

Leaders from the world's four biggest emerging economies --Brazil, Russia, India and China, arrived in Brasilia Wednesday for a two-day summit. It's the second summit of the so-called BRIC countries.

Wednesday, April 14th 2010 - 20:44 UTC

Mudslides isolate Rio’s iconic Christ the Redeemer statue

Built in 1931, it’s the first time the statue had to closed down to visitors

Brazil’s Rio de Janeiro's towering Christ the Redeemer statue and one of the city’s most iconic tourist attraction has been closed to the public after landslides that hit the city killing some 250 people and leaving thousands homeless.

Wednesday, April 14th 2010 - 03:56 UTC

Brazil signs in the Pentagon wide ranging defence cooperation agreement

Brazilian Defence Minister Nelson Jobim and US Secretary of Defence Robert Gates

Brazil and United States signed a military cooperation agreement Monday in the Pentagon, Washington that both sides underlined as an example of partnership and transparency for the Americas.

Wednesday, April 14th 2010 - 03:12 UTC

“Avatar” director joins battle against huge dam in the Amazon

James Cameron and his Indian friends whose plight he promised to take to the world

Canadian filmmaker James Cameron, director of “Avatar,” promised this week to “tell the world” about the opposition of Indians and peasants to the construction in the Brazilian Amazon of the world’s third-largest hydroelectric dam.

Tuesday, April 13th 2010 - 01:10 UTC

Brazilian farmers forecasted to increase soybeans acreage next season

Despite a rebound in sugar prices, rising fertilizer and pest-control costs, soybeans are still more attractive

Brazil's soybean farmers will plant their highest-ever acreage next season, despite growing pest problems and soaring fertilizer and transport costs.

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