Tag: Brazil

• Friday, September 21st 2012 - 16:45 UTC

  Mantega says US and Japan have again ignited the “currency war” and Brazil will defend itself

  

  Brazil threatened on Friday a further clampdown on speculative foreign capital, firing a warning shot in the “currency war” Finance minister Guido Mantega blames on money-printing by Western central banks.

• Friday, September 21st 2012 - 06:48 UTC

  US calls on Brazil to reconsider proposed tariff increases in Brazil and Mercosur

  

  US Trade Representative Ron Kirk urged the Brazilian government in a letter sent on Wednesday to reconsider plans for “protectionist” tariff increases expected to hurt US exports.

• Friday, September 21st 2012 - 06:42 UTC

  Mexican president-elect Peña Nieto brings up trade issues during visit to Brazil

  

  Latin America’s two largest economies should be expanding rather than curbing trade flows, Mexico’s President-elect Enrique Peña Nieto said in veiled criticism of a Brazilian restriction on Mexican car imports.

• Friday, September 21st 2012 - 06:23 UTC

  Brazilian middle class expected to move a trillion dollars this year

  

  Brazil's middle class which now numbers 104 million equivalent to 53% of total population (38% ten years ago), is likely to move 1 trillion Reais this year (approx a trillion dollars), government estimates show.

• Friday, September 21st 2012 - 06:06 UTC

  Brazil approves bill which allows the opening of tax-free shops along border towns

  

  The Brazilian congress approved this week a bill which enables the opening of free shops or tax free shops, along border towns currently suffering from the massive inflow of imported goods purchased at international prices in such stores in Uruguay, Argentina and Paraguay.

• Thursday, September 20th 2012 - 01:40 UTC

  Brazil announces auctioning of new oil concessions for next May

  

  Brazil's Dilma Roussef has approved the auctioning of new oil concessions next year, subject to congressional approval of a new royalties law, authorities said. The 11th auction outside the pre-salt next May would involve 74 oil blocks, half at sea and half on land.

• Wednesday, September 19th 2012 - 21:15 UTC

  Don’t wait for the end of the EU crisis: boost trade among emerging economies, recommends Brazil

  

  Brazilian finance minister Guido Mantega said that resolving Europe’s economic problems are likely to drag out over coming years due to a complex and slow process of decision-making in the region and recommended emerging economies to promote domestic consumption and trade among them.

• Wednesday, September 19th 2012 - 01:48 UTC

  Brazil reacts to US stimuli saying it will keep the Real ‘devalued’ and competitive

  

  The latest round of US quantitative easing will create many problems for emerging countries and Brazil will take action to keep the Real from rising in value, Brazilian Finance Minister Guido Mantega said on Tuesday.

• Tuesday, September 18th 2012 - 16:24 UTC

  Rousseff to meet Obama in New York and receive PM Cameron in Brasilia

  

  Brazilian president Dilma Rousseff is scheduled to meet with her US peer Barack Obama next week in the framework of the annual opening of the UN General Assembly and at the end of the month will be hosting British PM David Cameron in Brasilia, according to Sao Paulo media reports.

• Tuesday, September 18th 2012 - 06:23 UTC

  Meet the official mascot for the 2014 FIFA World Cup: the Brazilian armadillo

  

  Brazil has chosen an endangered armadillo as the mascot for the 2014 FIFA World Cup. While nature's version is light brown in colour, Fifa's mascot is yellow with green eyes and a blue shell, the colours of the Brazilian flag, and will be holding aloft a football.