Brazil

• Thursday, May 10th 2012 - 01:09 UTC

  Major oil congress in Brazil to address challenge of pre-salt deposits development

  

  The challenge of exploring and extracting Brazil’s massive pre-salt offshore hydrocarbons deposits will be addressed at the congress to be held in Rio do Janeiro next June with the participation of 250 delegates from international corporations, Petrobras and other Brazilian government institutions.

• Wednesday, May 9th 2012 - 20:56 UTC

  Mercosur “going through its worst moment in history” claims Uruguay

  

  Uruguay’s Vice-president Danilo Astori said Mercosur is going through its worst moment in history because some of its members in practical terms “are denying the most basic principles”.

• Wednesday, May 9th 2012 - 08:15 UTC

  Brazil ready to boost trade with Argentina but demands “compromise” on lowering barriers

  

  The potential to treble imports from Argentina in a few years was underlined by Brazilian manufacturers but there must be a “compromise of reciprocity” to lower trade barriers since currently “we known they are higher on the Argentine side”.

• Wednesday, May 9th 2012 - 08:07 UTC

  Argentina, the outcast

  

  By Luis Felipe Lampreia (*) - The following piece is a picture of recent events in Argentina from a historic reference and enumerates the obstacles the country faces in developing its own hydrocarbons following the seizure of YPF from Spain’s Repsol

• Wednesday, May 9th 2012 - 08:01 UTC

  Spanish bank forecasts average growth of 4% for Argentina and the region in 2012

  

  The Argentine economy is set to grow 4% this year in line with the rest of the countries of the region according to a report, “Global Situation” from the Spanish-Argentine bank BBVA-Francés.

• Tuesday, May 8th 2012 - 17:17 UTC

  Brazil’s Rousseff sees in Hollande an ally to counter Merkel’s austerity policies

  

  Dilma Rousseff is interested in having French elected-president Francois Holland make an official visit to Brasilia to talk about the current world situation since the Brazilian leader believes they both share positions regarding the global crisis and austerity policies.

• Tuesday, May 8th 2012 - 02:06 UTC

  Mercosur “needs to be reborn” with an honest integration spirit, says Cardoso

  

  Brazilian former president Fernando Henrique Cardoso said that Mercosur “needs to be reborn but with a real integration spirit among its members” leaving behind such ambitions as the mirror of the European Union.

• Saturday, May 5th 2012 - 06:01 UTC

  Brazil received 5.4 million tourists in 2011 with Argentina providing 1.6 million

  

  Brazil received more than 5.4 million international visitors in 2011, up 5.35 from 2010, the Tourism Ministry announced Friday. The number of visitors from other South American nations rose from 2.384 million in 2010 to 2.628 million in 2011.

• Saturday, May 5th 2012 - 05:58 UTC

  FIFA concerned with the pace of preparations for the 2014 Brazil World Cup

  

  FIFA president Sepp Blatter has expressed concern about the slow pace of preparations for the 2014 World Cup in Brazil and said he wanted the delays to be made up as soon as possible.

• Friday, May 4th 2012 - 17:26 UTC

  Brazil applies radical changes to deposits policy to further cut basic interest rates

  

  Brazil will cut returns on new deposits to savings accounts, thereby paving the way for the central bank to further cut its benchmark lending rate, Finance Minister Guido Mantega announced.