Brazil

• Monday, July 23rd 2012 - 20:02 UTC

  Sao Paulo benefits from Argentina’s lack of “legal and economic security”

  

  The President of Investe São Paulo -the gateway for companies that intend to settle their operations in the Brazilian state- referred to the ongoing foreign investment boom in the neighbouring country is due in part to the “lack of both legal and economic security that Argentina and its government have.”

• Monday, July 23rd 2012 - 19:16 UTC

  Paraguay could appeal Mercosur sanctions before the International Court of Justice

  

  Paraguay is prepared to demand Mercosur co-members before the International Court of Justice at The Hague for what it describes as “violation of signed treaties” and sustained “international isolation” following the rejection of an appeal to have sanctions lifted.

• Monday, July 23rd 2012 - 09:09 UTC

  Brazil moves into Ghana with 96million dollars loan for small farmers

  

  Ambassador to Ghana, Irene Vida Gala announced that Brazil has plans to make available a 96-million-dollar loan facility to boost small-scale and rural farming in Ghana to help increase food production and subsequently improve the country’s bread basket.

• Monday, July 23rd 2012 - 08:55 UTC

  Brazil corrects IMF: outdated facts, credit expansion slower and inflation under control

  

  The Brazilian government questioned as outdated the latest IMF report, released Friday July 20, in which the Fund calls for more domestic savings and greater attention to inflation.

• Saturday, July 21st 2012 - 07:51 UTC

  Chavez confirms Dilma’s invitation to Mercosur meeting in Rio on July 31

  

  Venezuelan president Hugo Chavez said he had talked with his peer from Brazil Dilma Rousseff who confirmed the invitation to an extraordinary meeting of Mercosur next July 31 in Rio do Janeiro.

• Saturday, July 21st 2012 - 07:45 UTC

  Good signals from the Brazilian economy: inflation picks up in mid July

  

  Consumer prices in Brazil rose faster than expected in the month to mid-July on higher food costs, suggesting the central bank may have less room than previously believed to cut interest rates much further.

• Saturday, July 21st 2012 - 07:38 UTC

  Brazilian government cuts 2012 growth forecast from 4.5% to 3%

  

  The Brazilian government said Friday it was cutting its economic growth forecast for this year from 4.5% to 3% due to the impact of the global slowdown. However the figure is still higher than the 2.5% predicted by the Central Bank.

• Saturday, July 21st 2012 - 06:08 UTC

  Angola approves wide-ranging cooperation agreement with Brazil

  

  Angola’s National Assembly approved this week the Joint Declaration on the Establishment of Strategic Partnership with Brazil, as well as the draft resolution on Cooperation between the two countries in defence domain.

• Friday, July 20th 2012 - 08:18 UTC

  Seaweed bio-fuels plant fuelled with CO2 from sugar cane processing in Brazil

  

  The world's first industrial plant producing bio-fuels from seaweed will be built in the north-eastern Brazilian state of Pernambuco in late 2013, the official in charge of the project said Thursday

• Friday, July 20th 2012 - 08:07 UTC

  Argentina announces development of huge potassium deposits with Brazil

  

  President Cristina Fernández announced on Thursday the development of a mining project between Neuquén, Mendoza and Río Negro provinces which will led by Brazilian company Vale, and is expected to become the largest potassium mining site in the world.