Brazil
BrazilLula da Silva entangled in controversy over Cuban political prisoners
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.
More oil in Brazil’s Santos Basin; Petrobras investment plan: 45 billion USD
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.
US and Brazil not interested in trade war and “ready to negotiate”
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.
Brazil expects second best crop this year with 145.1 million tons
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.
Brazilian former political prisoners call for creation of Truth Commission
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.
“No left turn” for Brazilian “successful and tested” economic policies
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.
Brazil implements sardine conservation awareness program
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.
Brazil/US WTO cotton retaliatory dispute takes off
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.
Brazil cutting liquidity but preparing plan to promote exports
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.
Brazil approaching the moment interest rates can only be increased
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.
