Brazil

Brazil
Thursday, November 5th 2009 - 12:53 UTC

Argentina/Brazil trade dispute: partners can’t agree who’s to blame

Eduardo Bianchi, Argentina’s Secretary of Industry

Argentina has accused Brazil of not keeping to agreed “self regulated” bilateral trade understandings originally destined as an umbrella for Argentine industry, and instead has resorted to customs barriers which are delaying or impeding exports.

Thursday, November 5th 2009 - 10:27 UTC

Brazil fears a “bubble” pumped by exuberant investors; Real 19% too strong

Secretary of Economic Policy, Nelson Barbosa

Brazilian central bank President Henrique Meirelles admitted “exuberant” investors might create an asset bubble in Latinamerica’s biggest economy.

Thursday, November 5th 2009 - 09:53 UTC

Brazil’s reserves reach new record in October: 232.9 billion US dollars

Henrique Meirelles Central Bank president

Brazil's foreign reserves totaled 232.9 billion US dollars at the end of October, up from 224.2 billion at the end of September. In the first ten months of 2009, reserves were up 26.1 billion. Reserves ended last year at 206.8 billion.

Thursday, November 5th 2009 - 09:51 UTC

Petrobras receives Chinese financing to develop sub-salt oil resources

Petrobras has plans to invest 174 billion USD in the next four years

Brazil's government managed oil and gas group Petrobras announced Wednesday it had signed a contract permitting the first payment from a 10 billion US dollar loan from China to help it finance upcoming investments.

Wednesday, November 4th 2009 - 13:03 UTC

Brazilian opposition to vote against Venezuela in Mercosur

President Chavez at the centre of the controversy

The Brazilian opposition announced it will attempt to delay as much as possible the Senate vote on the incorporation of Venezuela to Mercosur which is scheduled to take place Wednesday following the approval by the Foreign Affaire committee last week.

Tuesday, November 3rd 2009 - 11:58 UTC

French Defence minister calls on Argentina to follow the steps of Brazil

Hervé Marin, French Defence Minister on a Latinamerican tour

French Defence minister Hervé Morin said that Argentina could increase its international influence following on the steps of Brazil, which is currently modernizing its military hardware and planning on the long term.

Tuesday, November 3rd 2009 - 07:39 UTC

US puts pressure on Brazil to purchase Boeing’s F 18 Super Hornets

President Barak Obama has a “special interest” in the six billion USD contract

United States president Barak Obama has a special interest in the sale of 36 fighter aircraft Brazil has announced it plans to purchase and would consider a “disappointment” if the contract goes to any of its competitors (France or Sweden), said Ellen Tauscher Under Secretary for Arms Control and International Security.

Monday, November 2nd 2009 - 12:06 UTC

Brazil’s plan to boost the economy and send a good report to Copenhagen

Time for Brazilian consumers to buy energy efficient refrigerators with a 15% tax rebate

Brazil has extended tax breaks on energy-efficient home appliances for three months in a bid to boost consumption and consolidate a rebound in Latinamerica's largest economy. The announcement was made last week by Finance Minister Guido Mantega and becomes effective this month.

Saturday, October 31st 2009 - 07:03 UTC

Venezuela/Brazil agree terms of refinery to be built in Pernambuco

Petrobras share is 60% but both partners will supply 50% of crude

Brazil's government managed oil company Petrobras said on Friday that it had concluded a deal with Venezuela's PDVSA to construct and operate a refinery in northeast Brazil.

Friday, October 30th 2009 - 03:05 UTC

Argentina/Brazil clash over trade restrictions: what restrictions?

Both sides deny reprisals but trucks are delayed at border crossings

Brazilian Minister of Development Industry and Trade, Miguel Jorge confirmed Thursday that the Brazilian government is requesting non automatic licenses for some imports from Argentina, but denied it was a reprisal because of similar measures imposed by Argentina.

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