Tag: Brazil
BrazilRousseff announces veto of several Forest Code controversial amendments
Brazilian President Dilma Rousseff announced Friday that she is vetoing some of the controversial amendments to the country’s Forest Code that would have substantially weakened the country’s forest protection and climate mitigation actions.
Government decides to extend soft loans for Brazil’s three largest corporations
Brazil eased rules for subsidized lending by state development bank BNDES to three of the country's biggest companies, in a move that may help President Dilma Rousseff shield a struggling economy from market turmoil abroad.
Almost 19 million urban Brazilians live with no access to drinking water of sewage
Almost 19 million Brazilians live in precarious housing with no running water, sewage or any basic public services, according to a report on urban infrastructure by the Brazilian Geography and Statistics Institute, IBGE.
Repsol partner in a huge deposit off the Brazilian coast with 1.25bn barrels of oil
Spain’s Repsol, recovering from the recent seizure of YPF by the Argentine government, said an area off the coast of Brazil it is exploring with partner China Petroleum and Chemical Corp. contains the equivalent of at least 1.25 billion barrels of oil.
Brazil’s current account deficit compensated by heavy FDI during April
Brazil's monthly current account deficit rose sharply in April as the country's trade surplus faded and profit remittances and foreign travel costs increased, the Brazilian Central Bank said Thursday.
Brazilian Real falls to a new three-year low, “positive” for exporters says minister
The Brazilian Real fell to a new three-year low after briefly erasing its decline as the central bank sold currency swap contracts for the second time in three trading sessions, holding two auctions on Tuesday.
OECD anticipated end to weak growth in Brazil but warns about inflation
Weak growth in Brazil seems to be coming to an end, but there are still looming risks in the shape of inflation, credit risk and competitiveness, according to the latest outlook published by the Organization for Economic Cooperation and Development, OECD, on Tuesday.
Brazil announces measures to boost sales of vehicles and stimulate growth
Brazil lowered taxes on consumer borrowing and created incentives for banks to boost vehicle lending as policy makers struggle to revive economic growth in the Latin America’s largest market.
Brazilian economy slows down in March for third consecutive month
Brazilian government's economic activity index dropped for the third consecutive month in March, confirming a slowdown in the economy in the period.
Brazil closely following events in Venezuela because of Chavez condition
Brazilian Foreign Affairs minister Antonio Patriota revealed that Brasilia is following closely the situation in Venezuela because of the medical condition of President Hugo Chavez, to whom he sent a message of quick recovery.
