Brazil

• Thursday, June 21st 2012 - 06:29 UTC

  Ban Ki-moon at Rio+20: “the old model for economic and social development is broken”

  

  More than 100 Heads of State and government gathered on Wednesday in Rio de Janeiro for the start of the United Nations Conference on Sustainable Development (Rio+20), which seeks to shape new policies to promote global prosperity, reduce poverty and advance social equity and environmental protection.

• Thursday, June 21st 2012 - 06:23 UTC

  Rio+20: Development banks to invest 175bn dollars in sustainable transport

  

  The eight largest multilateral development banks (MDBs) announced on Wednesday at the United Nations Conference on Sustainable Development, Rio+20, that they will invest 175 billion dollars in sustainable transportation systems over the coming decade.

• Thursday, June 21st 2012 - 05:34 UTC

  Brazil’s central bank forecasts strong rebound in last quarter and early 2013

  

  Brazil’s economy will be expanding in the beginning of next year at the fastest pace since the last quarter of 2010, said central bank President Alexandre Tombini.

• Wednesday, June 20th 2012 - 06:44 UTC

  Rousseff reveals how she was tortured as a student by the Brazilian military regime

  

  President Dilma Rousseff still has trouble chewing, after her jaw was dislocated during three years of torture and imprisonment under Brazil's former military leadership, it was revealed this week.

• Wednesday, June 20th 2012 - 06:19 UTC

  Brazilian bank purchases 3.6% stake in nationalized YPF

  

  Brazilian bank Itaú Unibanco purchased a 3.6% stake in Argentina’s nationalized oil company YPF, an operation involving 157.8 million dollars.

• Tuesday, June 19th 2012 - 06:59 UTC

  Brazil/Argentina agree G20 common position, but will wait to listen to Germany

  

  Brazil and Argentina agreed on Monday “to oppose any financial adjustment plan” and sponsor development and growth policies to face the world crisis, in the framework of the two-day G20 summit taking place in Mexico.

• Tuesday, June 19th 2012 - 06:16 UTC

  Largest emerging-market nations will make additional contribution to IMF

  

  The world’s largest emerging-market nations will announce contributions to the IMF’s financial firewall at the Group of 20 summit meeting in Mexico, Brazil’s Finance Minister Guido Mantega announced.

• Monday, June 18th 2012 - 03:18 UTC

  Frozen fuel prices make it difficult for Petrobras to engage in ambitious development program

  

  Brazil's state-led oil company Petrobras is likely to struggle to find the cash to pay the recently announced world's largest corporate investment program. The country needs money to pay hundreds of ships and dozens of oil fields, drill-rigs and platforms it wants in order to catapult Brazil into the ranks of the world's top-four oil producers by 2020.

• Friday, June 15th 2012 - 19:32 UTC

  Brazil economy continues anaemic; consumption boost expected in second half of 2012

  

  The Brazilian economy contracted in April for the first time on an annual basis since September 2009, reinforcing economists’ expectations that Latin America’s largest economy will slow for a second consecutive year.

• Thursday, June 14th 2012 - 23:28 UTC

  Lula da Silva hospitalized; cancels activities requiring “extensive use of his voice”

  

  Brazilian former president Lula da Silva was hospitalized Wednesday night for a check up and to remove a catheter at Sao Paulo’s state of the art Sirio-Libanes Hospital, reported medical sources.