Tag: Brazil

Brazil
Tuesday, September 30th 2014 - 04:55 UTC

Brazil will give exporters 3% tax refunds to help struggling businesses

FIESP chief Benjamin Steinbruch said manufacturers had requested support and shares Mantega's forecast that the economy will begin recovering in 2015

The Brazilian government will offer tax rebates for exporters beginning in October, Finance Minister Guido Mantega said on Monday, in the latest measure to help struggling businesses just days ahead of a presidential election.

Tuesday, September 30th 2014 - 04:40 UTC

Brazils' Bovespa and Real plunge as Dilma climbs in polls with less than a week to election

Polls show Dilma nine points ahead of Marina Silva in a possible run off

Brazilian financial markets took a beating on Monday after polls showed President Dilma Rousseff pulling past challenger Marina Silva ahead of Sunday's election. The Brazilian currency closed at its weakest level since December 2008 while the benchmark Bovespa stock index notched its biggest one-day loss in over three years.

Tuesday, September 30th 2014 - 01:15 UTC

Brazil suspends Vietnam pangasius import licenses because of sanitary reasons

Catfish farmed in Vietnam has often raised questions about conditions under which it is produced but has displaced other produce because of its lower price

The temporary ban imposed by the Brazilian government on Vietnamese pangasius (Pangasius spp.) imports because of sanitary reasons and lack of phyto-sanitary controls, represents a great opportunity to increase Argentine hake (Merluccius hubbsi) shipments to the leading Mercosur partner.

Monday, September 29th 2014 - 09:16 UTC

Rousseff pledges media regulation (but not content) if re-elected this week

Rousseff said her intention is not to influence content, but rather to break down an “asymmetrical” concentration of media ownership, described as harmful.

Brazilian president Dilma Rousseff, seeking re-election next week, says she will pursue media regulation if she returns for a second term, seeking to boost pluralism without influencing editorial content, according to media reports.

Monday, September 29th 2014 - 08:47 UTC

Opening the economy “would be a disaster for Brazilian industry” states Rousseff minister

Trade minister Mauro Borges warned about the 'mexicanization' with 'maquiladoras' of the Brazilian economy

Anticipating what could be policy under a second government of President Dilma Rousseff, her Trade Minister Mauro Borges told Brazilian daily Folha do Sao Paulo that opening the country to more foreign trade would be a “disaster for Brazilian industry” and lead to the “mexicanization” of the economy, in reference to the light assembly factories known as “maquiladoras” that dominate Mexico’s non-oil exports.

Saturday, September 27th 2014 - 09:08 UTC

Relief for Dilma: unemployment rate in August remained at 5%

August jobless rate topped the median forecast of 4.9% in a poll of 11 economists. In August 2013, Brazil's jobless rate stood at 5.3%.

Brazil's jobless rate rose in August to its highest in six months despite stronger job creation, adding to signs that the economic recession is eroding a robust labor market. The non-seasonally adjusted jobless rate stood at 5.0 percent in August, up from 4.9% in July, statistics agency IBGE announced.

Saturday, September 27th 2014 - 06:17 UTC

Lula da Silva the decisive campaign factor in Brazil's presidential election

Lula da Silva has been stealing headlines as the Brazilian press closely scrutinizes his campaign for Rousseff

Dilma Rousseff has stopped her erosion in opinion polls as she seeks a second term as Brazil’s president, even reversing the trend with only days left before the election, greatly thanks to her predecessor and mentor Lula da Silva.

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.

Advertisement

Get Email News Reports!

Get our news right on your inbox.
Subscribe Now!

Advertisement