Brazil

• Saturday, April 21st 2012 - 03:51 UTC

  Brazil will continue to intervene in support of industry and depressing its currency

  

  Brazilian Finance minister Guido Mantega said on Friday that IMF Managing Director Christine Lagarde makes a mistake in recommending emerging countries not to intervene in the money exchange markets to counter the strong devaluation of currencies from the rich countries.

• Friday, April 20th 2012 - 04:36 UTC

  Brazil’s two largest companies team up to work together in several projects

  

  Petrobras and mining company Vale, the two biggest companies in Brazil, have signed a memorandum of understanding to pursue joint ventures in various areas, Petrobras said.

• Thursday, April 19th 2012 - 23:26 UTC

  Brazilian polar vessel vistis Montevideo at the end of her Antarctic tour

  

  The Brazilian navy polar research vessel “Almirante Maximiano” at the end of its XXXth Antarctic operation, Operantar, arrived on Thursday at Montevideo to take fuel, supplies and exchange experiences with Uruguayan officers.

• Thursday, April 19th 2012 - 04:59 UTC

  Brazil lowers basic rate to 9%, sixth straight reduction and more could come

  

  Brazil lowered its benchmark interest rate to a near-historic low of 9% on Wednesday, as expected, but the central bank surprised with hints that more cuts may follow to revive Latin America's largest economy.

• Wednesday, April 18th 2012 - 22:34 UTC

  Brazil feels YPF dispute will not interfere with Petrobras operations in Argentina

  

  Brazil’s Mines and Energy minister Edison Lobao discarded that operations of Petrobras in Argentina could be affected by the decision from the administration of President Cristina Fernandez to expropriate YPF from Spain’s Repsol.

• Wednesday, April 18th 2012 - 08:23 UTC

  Brazilian economy set to grow 3%, but with risks of overheating, says IMF

  

  The Brazilian economy is set to grow 3% in 2012 after the modest 2.7% of last year, but following the relaxation of monetary policy it runs the risk of ‘overheating’, according to the IMF World Economic Outlook, WEO.

• Wednesday, April 18th 2012 - 06:17 UTC

  Argentina and Brazil closer in defence issues and in support of Malvinas claim

  

  Argentina and Brazil agreed to work on a common defence agenda underlining the importance of strengthening Unasur and working to ensure that Latin America is a peace zone thus sending a strong message to the UK on the Falklands/Malvinas issue.

• Tuesday, April 17th 2012 - 03:43 UTC

  US/Brazil discuss energy cooperation and closer economic ties even free trade agreement

  

  Cooperation in energy development, closer economic ties including a free trade agreement and praise for Brazil’s economic and political leadership were some of the issues discussed by visiting US Secretary of State Hillary Clinton during her first day of meetings with Brazilian officials.

• Tuesday, April 17th 2012 - 03:38 UTC

  US on YPF takeover: ”Having an open competitive market is a preferable model”

  

  US Secretary of State Hillary Clinton said Argentina will have to justify and assume the responsibilities of its decision regarding the YPF dispute between Argentina and Spain, but at the same time defended models that include competition and market access.

• Monday, April 16th 2012 - 06:02 UTC

  Uruguay became prisoner of Argentina, when it rejected a free trade accord with the US

  

  Uruguay has fallen prisoner of Mercosur and Argentina because it did not sign the free trade agreement with the United States which was offered to the country in the previous government of Tabare Vazquez, said two-times President Julio Maria Sanguinetti.