Brazil

Wednesday, January 14th 2015 - 22:46 UTC
Chinese jet fighters, an option to re-equip the Argentine Air Force

China has emerged as a possible supplier of jet fighters to help modernize the Argentine Air Force, depleted since the 1982 Falklands' war, according to reports from Defense News. In effect the FC-1/JF-17’s, 'Thunder' operational with the Pakistani air force and proven in combat could be a suitable, accessible option for the Argentines after the Spanish, French, Israeli offers seem to have fallen through.
Wednesday, January 14th 2015 - 09:19 UTC
Brazil anticipates 'program of targeted tax increases' and 'fare realism' for power and fuel

Brazil's finance minister said on Tuesday a program of targeted tax increases was designed with the intention to not harm fragile growth in Latin America's largest economy. Joaquim Levy also pledged 'fare realism' for electricity bills and fuel prices based on 'business reasons'.
Sunday, January 11th 2015 - 11:39 UTC
Rousseff orders ministries to cut spending by a third

Brazilian President Dilma Rousseff has instructed a budget cut which affects 39 ministries, reducing their funds by a third, in order to save a figure estimated at 703 million dollars per month.
Thursday, January 8th 2015 - 06:24 UTC
Car sales in Brazil last year dropped 7.15% compared to 2013

The sale of cars, commercial vehicles, trucks and buses in Brazil dropped 7.15% last year compared to 2013, and reached 3.498 million according to the Brazilian federation of car dealers, Fenabrave. It is the largest drop for the industry in twelve years and the second consecutive fall.
Wednesday, January 7th 2015 - 06:39 UTC
Land possession and peasants, the first strong clash in Rousseff's cabinet

Land possession has caused the first clashes in the newly named cabinet of President Dilma Rousseff with Agriculture minister Katia Abreu arguing there are no large estates ('latifundium') left in Brazil, while her Agrarian Development peer and a stalwart from the ruling party said a social approach was needed to the land and peasants issue.
Wednesday, January 7th 2015 - 06:20 UTC
Brazil sends foreign minister to China/Celac meeting in Beijing

Brazil's new foreign minister Mauro Vieira has left for Beijing to attend the first ministerial meeting between China and the Community of Latin American and Caribbean States, CELAC, according to reports from Brasilia.
Tuesday, January 6th 2015 - 22:49 UTC
Aurelius hedge fund denies being part of lawsuit filed against Petrobras

Aurelius Capital Management, one of the main plaintiffs against Argentina in New York District Judge Thomas Griesa’s courtroom, has denied being part in a lawsuit filed against Brazilian state-owned oil company Petrobras, in response to accusations by Argentina’s Economy Minister Axel Kicillof.
Tuesday, January 6th 2015 - 07:50 UTC
Brazil posts first trade deficit since 2000: slower economy, fall in commodities' prices

Brazil registered its first annual trade deficit since 2000, according to official data released on Monday. Latin America's largest economy slowed down in 2014 and prices fell for iron ore, soybeans and other key commodities exports.
Tuesday, January 6th 2015 - 07:32 UTC
Brazil' finance minister pledges fiscal balance and cuts in spending

Brazil must focus on making difficult fiscal adjustments in order to get economic growth and investment back in gear, the country's new Finance Minister Joaquim Levy said on Monday. At his swearing-in ceremony in Brasilia, Levy said the process will require the participation of society as a whole and will involve changes to taxes and spending, without resorting to accounting shortcuts.
Saturday, January 3rd 2015 - 06:32 UTC
Mujica defends Brazilian leadership in the region and called for strong unity

Uruguayan president Jose Mujica defended Brazil's leadership in helping Latin America carve a place and advance in the world context, but at the same time underlined that even when Brazil seems large to its neighbors, together with the rest of the countries, the region is still small in global terms.