Brazil

Brazil
Thursday, May 12th 2011 - 18:32 UTC

Brazilian president promises land reform and distribution for family settlers

In Brazil 2% of the population holds over 50% of the best farmland

Brazilian president Dilma Rousseff claimed that land reform was needed to eradicate poverty, avoid overcrowding in urban areas and as a matter of justice for the long delayed distribution of land.“

Thursday, May 12th 2011 - 06:44 UTC

International tourists visiting Rio do Janeiro increased 8% to 1.49 million in 2010

Sunny beaches, beautiful women and Carnival make Rio a world resort

The number of international tourists visiting Rio de Janeiro increased by 8% in 2010 compared with the previous year, according to a study conducted by Embratur, the Brazilian Tourism Board.

Thursday, May 12th 2011 - 06:32 UTC

BP ups its stake in Brazil’s oil industry and will participate in September’s round

Guillermo Quintero, president of BP's Brazil division

British Petroleum is negotiating opportunities to buy stakes in oil fields in Brazil to accelerate production increases, the head of the company's Brazil division said on Wednesday.

Wednesday, May 11th 2011 - 01:30 UTC

Brazil expects a new record crop totalling 158.7 million tons

Soy, corn and rice are Brazil’s main crops covering 82.5% of farmland

Brazil will harvest this year a record crop of 158.7 million tons, 6% higher than last year’s 149.7 million tons, according to the latest release from the country’s Geography and Statistics Institute, IBGE.

Tuesday, May 10th 2011 - 09:55 UTC

Brazil considering leasing farm land to foreigners to circumvent sales restrictions

Agriculture minister Wagner Rossi, Brazil needs foreign investment and technology in agriculture

Brazil may start leasing farm land to foreigners to find a way around new legal restrictions on land sales and attract more foreign investment, the agriculture minister said.

Monday, May 9th 2011 - 19:09 UTC

Brazil plans to send thousands of students to learn abroad on scholarships

President Rousseff: “effort and sweat” made Brazil the world’s seventh economy

Brazilian President Dilma Rousseff said that Brazil is the seventh economy in the world and announced that the government is to finance scholarships abroad. “We are the world’s seventh economy and this is due to the effort and sweat of those who made this country grow,” she claimed.

Monday, May 9th 2011 - 05:57 UTC

Second body recovered from Air France mid Atlantic wreckage

The ‘Remora’ robot from the Woods Hole Oceanographic Institute is doing the deep sea search

French police said a second body has been removed from the underwater wreckage of the Air France flight that crashed into the Atlantic Ocean nearly two years ago. A remote-controlled submarine raised a body that was still strapped into an airline seat some 3,900 metres to the water's surface Friday.

Friday, May 6th 2011 - 17:29 UTC

Brazil’s inflation peaks in April, but prices should begin slowing down in May

The central bank is expected to continue raising the benchmark Selic interest rate<br />
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Brazil’s benchmark consumer price index in April exceeded the upper limit of the government’s target range for the first time since 2005 but officials are confident April was a peak and during May the tendency is for inflation to decelerate.

Friday, May 6th 2011 - 17:26 UTC

Brazilian automobile industry, still strong, begins to feel the tight money pinch

Car production in April slipped 0.4% and sales grew by 11.7%<br />
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Automobile production in Brazil fell 4.9% and sales dropped 5.5% in April from March, the national automakers' association said on Friday.

Friday, May 6th 2011 - 17:24 UTC

Top US grain processors join the ‘bio-fuel refineries rush’ in Brazil

Cargill Inc and the world’s largest grain processor Archer-Daniels-Midland Co, are planning to invest about 560 million US dollars in new bio-fuel refineries in Brazil.

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