Brazil

Brazil
Thursday, September 25th 2014 - 03:14 UTC

Brazil scrambles to support the Real; as Dilma recovers in the polls the currency falls

“The Real is facing strong downward pressure as Rousseff rises in the polls.”

Brazil’s Real advanced from a seven-month low as the central bank signaled it will maintain support for the currency when it increased the number of foreign-exchange swap contracts offered in a rollover.

Wednesday, September 24th 2014 - 15:44 UTC

Marina blasts Dilma Rousseff for not supporting UN deforestation dead line initiative

“Our president did not sign in support of protecting those forests, which is regrettable and disappointing”, said Marina Silva

Environmentalist and presidential opposition candidate Marina Silva blasted Brazilian president Dilma Rousseff for not supporting an initiative to put a deadline on deforestation supported by 32 countries this Tuesday during the Climate summit in New York.

Wednesday, September 24th 2014 - 15:42 UTC

Deforestation deadline initiative watered down by lack of support from Brazil

“We were not consulted; I think that it’s impossible to think that you can have a global forest initiative without Brazil on board”, said minister Izabella Teixeira

More than 30 countries set the first-ever deadline on Tuesday to end deforestation by 2030, but the feasibility of such a goal was eroded when a key player, Brazil, said it would not join.

Tuesday, September 23rd 2014 - 11:11 UTC

Rousseff's government denies Brazil has any 'imperial' intentions

Garcia argued that any attempt to make statements or be involved in another country's internal affairs is contrary to Brazilian diplomacy

President Dilma Rousseff's main foreign affairs' advisor Marco Aurelio Garcia denied Brazil has any “imperial intentions” in reply to claims relative to Cuba from presidential opposition candidate Marina Silva.

Tuesday, September 23rd 2014 - 10:57 UTC

Rousseff's television campaign gradually eroding Marina Silva's lead

“This attempt to show Marina as a threat to achievements should prevail until the end of the campaign to keep voters faithful, keep them voting for Dilma

Brazilian President Dilma Rousseff effective television campaign has started to erode Marina Silva's lead in the polls that the opposition candidate enjoyed two weeks ago and turned the race into a dead heat. The ads remind tens of millions of voters who have been lifted from poverty by social welfare programs that they could still slip backward.

Saturday, September 20th 2014 - 09:34 UTC

Pioneer initiative to triple Brazil's marine protected areas project

“The coastal zone is currently one of the most environmentally threatened regions in Brazil” said Izabella Teixeira, Brazil’s Minister of Environment

A pioneer initiative will more than triple the ocean area under environmental protection in Brazil, from 5.5 million hectares to over 17.5 million, an area larger than Greece.

Friday, September 19th 2014 - 07:19 UTC

Brazilian 2013/14 grains and oilseeds crop reached a record 195.46 million tons

The soybean output was confirmed at 86.12 million tons, a new record, with 31.6 million hectares planted

The Brazilian production of grains in 2013/2014 has reached 195.46 million tons, according to the country’s National Supply Company, Conab. The number is a 3.6% (6.8 million tons) increase compared to the previous season.

Thursday, September 18th 2014 - 06:25 UTC

Developing oil field Libra off Brazil will cost 80bn dollars said France's Total

Libra, the first of Brazil's pre-salt fields to have been auctioned off, holds reserves estimated at between 8-12 billion barrels of recoverable crude

Brazil's biggest oil field, Libra, will cost 80 billion dollars to develop, according to a senior executive with France's Total, one of five consortium members participating in the project. Total's vice president of exploration and production for the Americas, Ladislas Paszkiewicz, made the estimate at the Rio Oil & Gas conference, which began Monday and runs through Thursday.

Thursday, September 18th 2014 - 06:13 UTC

Brazil's Embraer sells 50 E-175 jets, 70/134 pax segment, to Republic Airways

“We have long and successful relationships established with Republic & United. The new contract further strengthens these bonds” said Embraer CEO Silva

Brazilian aircraft manufacturer Embraer said on Wednesday it has reached an agreement to sell 50 E175 jets to U.S. regional operator Republic Airways Holdings for 2.1 billion dollars.s6u

Wednesday, September 17th 2014 - 04:20 UTC

Mantega announces yet another stimulus package for Brazil's economy

The tax breaks are part of a stimulus program adopted by President Dilma Rousseff as she seeks a second four-year term in the Oct. 5 balloting

Finance Minister Guido Mantega presented on Monday a package of tax measures aimed at stimulating Brazil's economy less than a month ahead of the presidential election.

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