Tag: Brazil
BrazilBrazil’s mining giant buys stake in controversial Amazon dam project
Brazil giant mining corporation Vale SA, in which the government has a dominating stake position, agreed to buy a stake in a controversial hydro-power project in the Amazon and invest about 2.3 billion Real (1.5 billion USD).
Brazilian exporters demanding a “weaker” Real to regain competitive edge
The strength of the Brazilian Real against the US dollar is “very worrying” for the country's exporters, with many companies struggling with higher production costs and a reduced ability to compete in global markets, Bunge Brasil CEO Pedro Parente said Thursday.
High interest rates in Brazil for a long period, anticipates central bank
The Brazilian central bank said it will raise interest rates at a slower pace for a longer period than initially planned as the country’s inflation outlook worsens, according to the minutes of its April 19-20 meeting.
UN claims human rights violations in Brazil’s preparations for World Cup
An independent United Nations human rights expert this week voiced concern about alleged displacement and evictions in various cities across Brazil as the country prepares to host the 2014 soccer World Cup and the 2016 Olympic Games.
Brazil’s bank lending slows down as government curbs credit
Brazil’s bank lending expanded in March at the second-slowest pace in 13 months as the government stepped up efforts to contain demand and inflation by curbing credit to consumers.
Brazil’s strong currency fuels current account deficit in March
Brazil's current account deficit ballooned to a record for the month of March as foreign companies in Brazil sent more profits home and Brazilians spent more on travel and goods overseas.
Brazilian government trying to calm inflation fears; warns of ‘prolonged effort’
Brazil’s central bank President Alexandre Tombini admitted that slowing inflation back to target next year will require a “prolonged” and incisive effort.
Migrating humpback whales have jetliners’ navigational precision
Researchers based at the University of Canterbury in New Zealand have found that migrating humpback whales achieve navigational precision usually associated with jetliners or arrows.
Brazil needs a budget surplus and strong savings, recommends former president
It is not possible to control the value of Brazil's currency through taxes on foreign capital, former President Fernando Cardoso told the US network Consumer News and Business Channel, CNBC.
Rousseff admits she is “immensely worried” with inflation
Brazilian President Dilma Rousseff said on Monday she is “immensely worried” about inflation near the top of the official target range and that the government will act to keep prices from rising further.
