Tag: Brazil

• Monday, November 5th 2012 - 13:10 UTC

  Lawless Sao Paulo: 22 people killed over the weekend including the 90th cop

  

  Law and order seems out of control in Brazil’s largest city and financial hub. To the usual appalling crime statistics follows a rash of police officers killings. This weekend an off duty military police officer was the twenty second murder victim and the 90th killed in the city so far this year.

• Friday, November 2nd 2012 - 08:28 UTC

  Drought in US farms is helping Brazil’s exports of corn and ethanol

  

  Brazil's trade ministry said the country's exports of corn and ethanol rose in October as foreign buyers turned to Brazil after the worst drought in 50 years ravaged US crops.

• Friday, November 2nd 2012 - 06:44 UTC

  Chavez promises attendance, God willing, to Mercosur summit in Brasilia

  

  President Hugo Chavez said on Thursday that he will be attending the coming Mercosur presidential summit next 7 December in Brasilia and assured Venezuela is speeding up so the country can display all its potential within the political and trade block.

• Friday, November 2nd 2012 - 06:42 UTC

  Brazil tax-incentives for foreigners to develop local debt markets and finance ‘investment projects’

  

  Brazil granted a tax exemption to foreigners who buy mortgage-backed securities or invest in funds that purchase them after sales of new debt supported by real estate loans fell almost 50% this year.

• Thursday, November 1st 2012 - 16:29 UTC

  September industrial production down 1% in Brazil; 12.4% in nine months

  

  Industrial production in Brazil contracted more than expected in September. According to a release from the government stats office IBGE output from Brazilian factories and mines shrank 1% in September from August on a seasonally adjusted basis.

• Thursday, November 1st 2012 - 07:10 UTC

  Brazilian minister in Caracas to discuss Venezuela’s Mercosur adaptation process

  

  Brazilian foreign minister Antonio Patriota is scheduled to meet on Thursday with his Venezuela peer Nicolas Maduro to discuss a bilateral and regional agenda which is expected to emphasize on current issues related to Mercosur, the coming December summit and Paraguay’s situation.

• Wednesday, October 31st 2012 - 20:51 UTC

  India/Brazil with highest government debt/GDP ratios among leading emerging economies

  

  India and Brazil have the highest government debt ratios at almost 70% of GDP among top ten emerging market economies, according to a report by Deutsche Bank.

• Wednesday, October 31st 2012 - 20:44 UTC

  Brazil’s primary budget surplus rapidly narrowing but Central bank confident target is within reach

  

  Brazil's primary budget surplus narrowed in September, distancing the government from its full-year surplus target, but the central bank said that target is still within reach. The accumulated primary surplus of January through September narrowed to 75.8 billion Brazilian Reais (37.3 billion dollars) from 104.6 billion Reais in the same period a year earlier.

• Tuesday, October 30th 2012 - 07:11 UTC

  Petrobras confirms: no fuel price increases in the immediate future

  

  Municipal elections are over and the Brazilian government had a good performance at the polls having recovered among others the City of Sao Paulo, but contrary to investors’ expectations, the country’s oil and gas corporation Petrobras will not be hiking gasoline prices in the immediate future.

• Friday, October 26th 2012 - 21:20 UTC

  Vulnerable Brazil: 53 million people in 11 states in the dark for over four hours

  

  A massive blackout left as many as 53 million Brazilians in the dark late Thursday and early Friday, the latest in a string of energy shortages that have raised questions about whether Brazil's infrastructure is keeping pace with economic growth.