Brazil

• Sunday, October 13th 2013 - 12:14 UTC

  Bye, bye Mercosur: Brazil advances on its own in trade agreement with EU

  

  Mercosur has many internal problems and therefore it is much easier to work with Brazil, said European Commission Vice-President for Industry and Entrepreneurship Antonio Tajani who spent this week two days of negotiations with top officials in Brasilia.

• Saturday, October 12th 2013 - 22:11 UTC

  Argentina and Brazil blast IMF for its excess of pessimism regarding emerging economies

  

  Argentina and Brazil strongly questioned the IMF generalized “excess of pessimism” because of a slowing down in emerging economies but also underlined that these countries have the sufficient ‘training’ and recent experience to confront the new challenges.

• Friday, October 11th 2013 - 12:51 UTC

  Over six million ticket requests for 2014 World Cup, with 70% from Brazil

  

  A total of 6,164,682 requests for tickets for the 2014 FIFA World Cup had been received when the initial application period ended on Thursday 10 October 2013, of which 70.86% were from Brazil, with the remaining 29.14% from the rest of the world.

• Friday, October 11th 2013 - 12:48 UTC

  Brazil begins next year work on new Antarctic base at a cost of 54m dollars

  

  Brazil said on Thursday it will start work early next year on a new Antarctic base to replace the one gutted by a 2012 fire. The new station would be modern and built with more resistant material, Navy Admiral Julio Soares de Moura told reporters as he unveiled the 54 million dollar project.

• Thursday, October 10th 2013 - 05:11 UTC

  Brazil raises basic interest rate to 9.5% and leaves door open for further increases

  

  Brazil Central bank raised interest rates for the fifth straight time on Wednesday and gave no indication of backing off its battle with high inflation. The benchmark Selic interest rate now stands at 9.5%, up fifty basic points from 9%.

• Thursday, October 10th 2013 - 00:57 UTC

  Brazilian annual inflation to September the lowest in nine months

  

  Annual inflation in Brazil reached its lowest level in nine months, but the country still shows signs it hasn't yet come to grips with persistently higher prices. Brazil's 12-month inflation reading continued to retreat, falling to 5.86% in September, the Brazilian Institute of Geography and Statistics, or IBGE, said Wednesday.

• Thursday, October 10th 2013 - 00:48 UTC

  Brazil wants to catch the spies and will host global summit on Internet governance next April

  

  Brazil, which has slammed massive US electronic spying on its territory, said on Wednesday it would host a global summit on Internet governance in April. President Dilma Rousseff made the announcement after conferring in Brasilia with Fadi Chehade, chief executive of the Internet Corporation for Assigned Names and Numbers (ICANN).

• Wednesday, October 9th 2013 - 05:38 UTC

  Brazil expected to announce “the largest oil discovery in the world this year”

  

  Petrobras CEO Maria das Gracas Foster described as ‘simply exceptional’ the latest discovery of hydrocarbons off the coast of the north-eastern state of Sergipe on the Atlantic but declined to give further details of the prospect. Even when the Brazilian administration has abstained from making any announcement the Sergipe government has said “it is the largest oil discovery in the world this year”.

• Tuesday, October 8th 2013 - 18:20 UTC

  Brazil car output and sales drop in September following on a strong August

  

  Brazil's car output and sales dropped in September from August, adding to signs of economic weakness in the third quarter after a surprisingly good start to the year. Automobile production in Brazil dropped 2.5% and sales fell 5.9% in September from August, the national automakers' association Anfavea said

• Tuesday, October 8th 2013 - 18:15 UTC

  Brazil limits Chinese state-controlled companies to joint bidding for largest offshore oil prospect

  

  Brazil is limiting Chinese state-controlled oil companies to joint bids to develop its largest offshore oil discovery, amid concerns the players could share data and reduce competition ahead of the 21 October auction, said Brazilian officials.