Brazil

Brazil
Thursday, March 11th 2010 - 04:42 UTC

Lula da Silva entangled in controversy over Cuban political prisoners

“I think it's insane to mistreat your own body” said the Brazilian president

Brazilian president Lula da Silva has become entangled in a controversy for having compared Cuban political prisoners with jailed criminals and was even severely criticized by members of his own party.

Thursday, March 11th 2010 - 00:43 UTC

More oil in Brazil’s Santos Basin; Petrobras investment plan: 45 billion USD

The pre-salt region runs 800 kilometres along the Brazilian coast

Brazilian government managed corporation Petrobras, Repsol-YPF and BG Group found more evidence of oil in the same offshore Brazilian sub-salt block where the companies’ Guara field holds as much as 2 billion barrels of crude.

Wednesday, March 10th 2010 - 06:38 UTC

US and Brazil not interested in trade war and “ready to negotiate”

US Secretary of Commerce Gary Locke

Visiting US Commerce Secretary Gary Locke said Tuesday that Washington was seeking talks with Brazil before it imposes retaliatory trade tariffs for US cotton subsidies the WTO ruled as discriminatory.

Wednesday, March 10th 2010 - 05:46 UTC

Brazil expects second best crop this year with 145.1 million tons

Soy is the chief production, accounting for almost half of the total crop

Brazil will harvest a grain crop of 145.1 million tons this year, a volume very close to the record 145.8 million tons of 2008, said the government’s statistics office, IBGE on the basis of February field data.

Wednesday, March 10th 2010 - 00:39 UTC

Brazilian former political prisoners call for creation of Truth Commission

 Disclosing horrors of the past, a pending task for President Lula da Silva

A group of former radical militants that were viciously tortured during the Brazilian military regime (1964/1985) supported the creation of a Truth Commission to unveil human rights violations, during a ceremony at the Ministry of Justice in Brasilia.

Tuesday, March 9th 2010 - 07:43 UTC

“No left turn” for Brazilian “successful and tested” economic policies

Dilma Rousseff will keep to economic orthodoxy promised Guido Mantega

Brazil’s Finance minister Guido Mantega discarded any “left turn” or leaning towards the left with the country’s economic policy in the event of a victory by the incumbent candidate and cabinet chief Dilma Rousseff.

Tuesday, March 9th 2010 - 07:39 UTC

Brazil implements sardine conservation awareness program

Sardine is a staple food in Brazilian coastal states

Sardine has long been a staple food for many Brazilian families and 100.000 tons were unloaded in Brazilian ports during 2009, mostly in the states of Rio do Janeiro, Santa Catarina and Sao Paulo. However there are growing risks of over-fishing and an awareness plan has been implemented.

Tuesday, March 9th 2010 - 07:32 UTC

Brazil/US WTO cotton retaliatory dispute takes off

The heaviest penalized imports were US wheat sales with tariff increases to 30% from 10%

Brazil announced Monday it would levy a total of 591 million US dollars in retaliatory tariffs on US goods under a ruling against US cotton subsidies granted by a World Trade Organization last year. However Brazil also sent a conciliatory message.

Monday, March 8th 2010 - 07:44 UTC

Brazil cutting liquidity but preparing plan to promote exports

Guido Mantega cut requirements for “export” companies

Brazil is preparing a package of incentive but this time to promote exports which suffered significantly last year because of the global slowdown, announced Finance minister Guido Mantega in an inteview with Folha de Sao Paulo.

Saturday, March 6th 2010 - 11:45 UTC

Brazil approaching the moment interest rates can only be increased

Top players Guido Mantega and Henrique Meirelles

Brazilian annual inflation rose above government target (4.5%) levels for a second consecutive month in February reaching 4.83%, up from 4.59% in January, Brazilian Census and Geography Bureau, or IBGE, said Friday.

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