Brazil

Friday, December 26th 2008 - 20:00 UTC
Lula da Silva signs bill creating sovereign wealth fund

Brazilian President Lula da Silva has signed a law creating a sovereign wealth fund to protect the country from the global financial crisis and help Brazilian companies boost trade and expand overseas.
Thursday, December 25th 2008 - 20:00 UTC
Lula da Silva choice confirmed as presidential hopeful

Brazil's ruling Workers Party, (PT) has announced its full support for cabinet chief Dilma Rousseff as candidate for the presidential elections of 2010. PT chairman Ricardo Berzoni made the official statement last Wednesday after meeting with President Lula da Silva in Government House, Planalto.
Wednesday, December 24th 2008 - 20:00 UTC
Lula da Silva asks Brazilian consumers to go out and spend

Brazilian President Lula da Silva called on consumers to step up spending to help the economy overcome the global credit crisis while assuring them that inflation will remain under control.
Tuesday, December 23rd 2008 - 20:00 UTC
France to help Brazil build its first nuclear powered submarine

Brazilian Defence minister Nelson Jobim announced Monday an agreement with France for the construction of a nuclear submarine. Jobim said France would help build a yard in Rio do Janeiro for the assembling of four conventional Scorpone submarines and one nuclear powered.
Monday, December 22nd 2008 - 20:00 UTC
Brazil has injected 164 billion US dollars to prop economy

The Brazilian government has injected an estimated 164 billion US dollars, mostly to banks and corporations, since the beginning of the financial downturn, according to the official news agency.
Saturday, December 20th 2008 - 20:00 UTC
Brazilian beef exports in November drop by 33%

Brazil beef exports dropped 33% during November following a significant contraction in global demand because of the world recession, according to the industry.
Saturday, December 20th 2008 - 20:00 UTC
Petrobras reviewing 112 billion USD five year investment plan

Brazil's government managed oil and gas corporation Petrobras will continue to review its massive 2009/2013 investment plan next January on account of the uncertainties and volatility of several markets, said the company in an official release.
Monday, December 15th 2008 - 20:00 UTC
Record support for Lula da Silva and his administration

The approval rating of Brazilian President Lula da Silva and his administration soared to a record 80.3% and 71.1% during November, the highest for a Brazilian leader and his government since 1998, according to a poll from Instituto Sensus released in Brasilia.
Thursday, December 11th 2008 - 20:00 UTC
UK Minister Gillian Merron on three day visit to Brazil

British Parliamentary Under-Secretary of State for the Foreign Office Gillian Merron is currently in Brazil for a three-day trip with stops in Brasília, São Paulo and Rio de Janeiro, according to a release from the Foreign Office.
Thursday, December 11th 2008 - 20:00 UTC
Brazil launches tax-cut and credit stimulus plan

Brazil's government will cut taxes by 8.4 billion Real (approximately 3.6 billion USD) to prop the slowing economy and meet a 4% growth target in 2009 next year, Finance Minister Guido Mantega and Central Bank president Henrique Meirelles announced Thursday in Brasilia.