Tag: Brazil
BrazilEmbraer-Augusta Westland project to build helicopters in Brazil falls through
Brazilian plane maker Embraer SA said on Friday that it ended talks with AgustaWestland, a subsidiary of Italy's Finmeccanica, without reaching an agreement to form a joint venture.
Brazil slams US and Europe for delaying promised reforms in the IMF
Brazil’s Finance Minister Guido Mantega slammed the United States and Europe for repeatedly delaying reforms of their dominated shareholding and voting power in the International Monetary Fund (IMF).
Brazil increases benchmark rate to fight inflation, but markets feel it’s not enough
Brazil’s central bank on Wednesday raised its benchmark rate for the first time since July 2011 as policy makers seek to slow inflation levels. The bank’s board, led by President Alexandre Tombini, voted 6-to-2 to increase the Selic rate 25 basis points to 7.50% from a record low.
Brazil calls emergency meeting to address massive influx of illegal immigrants
The Brazilian government called this week an emergency meeting to discuss measures to curb the influx of hundreds of illegal immigrants along its northern border.
Brazil and the US upgrading diplomatic ties and thinking in more bilateral trade
President Dilma Rousseff will make the first formal state visit by a Brazilian leader to the United States in nearly two decades, according to Reuters’ news agency. The trip allegedly will occur later this year likely in October, officials said on condition of anonymity because the White House has not yet announced the visit.
Latam’s major defence fair opens in Brazil with 700 companies from 48 countries
Delegations from 65 countries some of them including Defence ministers will be attending the opening on Tuesday in Rio do Janeiro of the International Defence and Security Fair, (LAAD), the largest show of military equipment in Latin America.
Brazil new defence purchases policy based on ‘geopolitical interests and technology transfer’
Brazil’s defence purchases mainly arms will be ruled by strategic priorities such as geopolitical interests and technology transfers and not only price, according to a decree published in the Official Gazette from the Union.
Brazil exporters anticipate May/June port chaos with soy, sugar and corn crops coincide
The logistics chaos in the Brazilian port of Santos (one of the busiest of the country) in mid March with the first shipments of a record soy crop will become even worse in May and June, according to the Jose Augusto de Castro, president of the Brazilian Association of Foreign Trade, AEB.
Brazil planning agency to manage fluvial ports, waterways and locks
The administration of President Dilma Rousseff is working on the creation of a new agency which will be responsible for Brazil’s fluvial ports and terminals, waterways and locks. The ‘Hidrobras’ project is being drafted by the Ministries of Transport and Planning and will look after shipping in the fluvial system, “which is currently exploited far below its possibilities and potential”.
Brazil claims trade situation with Argentina is “less than satisfactory”
Brazil admitted that the trade situation with Argentina is “less than satisfactory”, given the ongoing barriers and restrictions imposed by Buenos Aires and revealed that the bilateral trade balance is now inclined in favour of its southern neighbour and Mercosur associate.
