Brazil

Thursday, February 28th 2013 - 23:59 UTC
Brazilian market suffers the impact of iron-ore producer Vale record loss in fourth quarter

Brazil’s Bovespa-index futures declined with the equity gauge poised for its biggest monthly drop since May, after iron-ore producer Vale SA posted a record loss in the fourth quarter.
Thursday, February 28th 2013 - 23:55 UTC
US Air Force contracts 20 Brazilian Super Tucano fighters for Afghanistan

The US Air Force has chosen Brazil’s Embraer for a 427 million dollars contract to supply light attack planes to Afghan forces, the company said Thursday, despite competition from an American bid.
Thursday, February 28th 2013 - 06:07 UTC
President Rousseff pledges to cut “Brazil cost” and keeping inflation in check

President Dilma Rousseff said on Wednesday that Brazil must cut its high business costs to become more competitive and vowed to keep inflation in check. The leader anticipated that 2013 will be a year of major infrastructure investments in roads, railways, ports and airports to try to stop bottlenecks from holding the economy back.
Wednesday, February 27th 2013 - 06:50 UTC
Brazil expects inflation to drop in second half of 2013 on a bumper crop of grains

Brazil’s inflation will slow in the second half of the year as the country produces a bumper crop of grains and the Real doesn’t weaken as it did last year, central bank President Alexandre Tombini said.
Tuesday, February 26th 2013 - 10:46 UTC
Brazil: current account deficit outpacing FDI expected to continue for two months

Brazil’s current account deficit surged to a record high in January, outpacing foreign direct investment for the third straight month because of the widening trade gap according to central bank data.
Tuesday, February 26th 2013 - 07:42 UTC
Monsanto legal battle on Roundup Ready patent expected to reach Brazil Supreme Court

Monsanto Company announced plans to file an immediate appeal of a recent ruling by a single judge of the Brazilian Superior Court of Justice, relating to the company's request for term correction of a patent covering its Roundup Ready soybean product.
Monday, February 25th 2013 - 11:21 UTC
Brazil and Nigeria sign accord to boost trade, investment and energy cooperation

Brazil's President Dilma Rousseff met with Nigeria’s President Goodluck Jonathan in Abuja on Saturday to discuss boosting trade and investment between the two countries, particularly in the energy sector and cooperation in several other fields. The brief visit was sufficient for the two presidents to sign an ambitious memorandum of understanding.
Monday, February 25th 2013 - 06:57 UTC
Brazilian 2014 presidential campaign takes off with Rousseff bidding re-election

Brazil's 2014 election season got off last week with the unofficial launch of President Dilma Rousseff's re-election campaign by her mentor and predecessor Lula da Silva during the celebration of the ruling Workers Party tenth year in power.
Monday, February 25th 2013 - 06:13 UTC
UK media says Iran/Argentina accord could hide missile project with Falklands’ range

British tabloid The Sunday Times indicated on Sunday that the Iran-Argentina accord on the investigation of the AMIA bombing case could also hide a joint missile development project. Furthermore, the paper assured “Argentina is developing missile technology that could threaten the Falkland Islands.”
Monday, February 25th 2013 - 05:54 UTC
Brazilian clergy lobby for Sao Paulo archbishop as the next Pope

Catholicism in Latin America is “lively and dynamic,” Brazilian Cardinal Raymundo Damasceno Assis said on Sunday, suggesting that the church look to Latin America for leadership. Damasceno is one of the 117 “cardinal electors” that will participate in the upcoming conclave to elect a new pope, following Benedict XVI announcement he is stepping down at the end of the month.