MercoPress

Brazil’s Rousseff one of the main speakers at the African Union 50 year celebration

Fri, 24 May 2013 07:30:00 GMT

Brazilian president Dilma Rousseff will be attending next Saturday in Ethiopia the fiftieth celebration of the African Unions Organization that preceded the African Union, (AU) and will be one of the main speakers on the opening day.

Petrobras will continue to operate in Argentina but may sell some assets

Fri, 24 May 2013 06:38:00 GMT

Brazilian state-controlled energy giant Petrobras plans to continue operating in Argentina although it may sell some assets there, CEO Maria da Graças Foster said.

Argentina and Brazil jointly developing satellites for South Atlantic research

Fri, 24 May 2013 06:25:00 GMT

Argentina and Brazil will be launching their first two jointly developed scientific satellites for research along the Atlantic coast in a couple of years, according to Brazil’s Science and Technology minister Antonio Raupp.

Drug trafficker in Rio challenge authorities and the pacifying campaign in favelas

Fri, 24 May 2013 06:17:00 GMT

Drug traffickers in Rio de Janeiro ordered shops closed in one of its biggest slums, defying efforts to restore order to the city's vast shantytowns and renewing safety concerns in Brazil as it prepares to host the World Cup and Olympics.

Brazil freezes budget outlays in an effort to meet its primary surplus target

Thu, 23 May 2013 19:23:00 GMT

Brazil has frozen 28 billion Reais (approx 13.7 billion dollars) in its 2013 budget as it tries to meet its primary surplus target, Finance Minister Guido Mantega said on Thursday in Brasilia. President Dilma Rousseff’s administration is trying to meet targeted primary surplus goal of 155.9 billion Reais without undermining economic growth.

US airline closes 4bn dollars deal with Brazil’s Embraer for 40 commuter aircraft

Wed, 22 May 2013 23:03:00 GMT

United Airlines partner SkyWest Inc. agreed to buy more than 4 billion dollars of Brazil’s Embraer jets as new pilot contracts at the largest carriers allow commuter operators to fly bigger planes.

Brazil main opposition party elects a new leader and 2014 presidential hopeful

Tue, 21 May 2013 06:22:00 GMT

Brazilian opposition unified over the weekend behind Aecio Neves who was elected by a landslide president of the Brazilian Social Democracy Party, PSDB. His naming opens the way for his candidacy to the 2014 presidential election, when President Dilma Rousseff will be bidding for another four years.

Brazil opens ports to private investment hoping to ease bottlenecks strangling exports growth

Mon, 20 May 2013 22:22:00 GMT

Brazil’s Congress approved legislation that opens up state-owned ports to private investment and lifts restrictions on the building of private ports in a bid to eliminate serious bottlenecks strangling the country’s export growth. The Brazilian Association of Infrastructure and Basic Industries praised the approval of the bill and anticipate investment of 25bn dollars.

Brazil trapped by Argentina and Venezuela economic mismanagements

Mon, 20 May 2013 19:47:00 GMT

Brazil’s main financial newspaper Valor Economico revealed that the recent summit between Presidents Cristina Fernandez and Dilma Rousseff from Argentina and Brazil was far from polite and enlightening, rather the contrary with “strong disagreements in the fields of trade and investment” shaking the foundations of Mercosur.

UK attends with 28 companies the largest healthcare exhibition in Sao Paulo

Sat, 18 May 2013 01:11:00 GMT

UK Government Minister Ken Clarke is leading the UK's largest ever Healthcare Technology and Life Sciences delegation to Brazil. Twenty eight companies will travel to Sao Paulo to attend Hospitalar (21 – 24 May), the largest healthcare exhibition in South America, which is expecting to attract around 90,000 visitors – as well as taking part in the trade mission.