Brazil

Tuesday, April 10th 2012 - 16:30 UTC
Brazil targets a dollar floor of 1.80 Reais and questions private banks attitude

Having a floor of 1.80 Real to the US dollar is no great thing, but it is a target to sustain said Brazil Development, Industry and Foreign Trade minister Fernando Pimentel referring to the latest announcements to promote Brazilian industry battered by a strong currency and massive inflow of ‘cheap’ imports.
Tuesday, April 10th 2012 - 07:10 UTC
Rousseff complains about US expansionist monetary policy during meeting with Obama

Brazilian president Dilma Rousseff complained about US monetary policy and expressed concern that sanctions against Iran could backfire in a meeting with President Barack Obama on Monday, highlighting strains between the continent’s biggest economies.
Tuesday, April 10th 2012 - 06:54 UTC
Uruguay will enjoy “positive discrimination” in bilateral trade with Argentina

Argentina and Uruguay presidents Cristina Fernandez and Jose Mujica agreed Monday evening to discuss their trade differences in the framework of Mercosur and promote “positive discrimination” measures for Uruguayan exports to help compensate the restrictions imported to all imports by the Argentine government.
Tuesday, April 10th 2012 - 05:36 UTC
Mexico presidential front runner wants PEMEX to emulate success of Petrobras

Mexico’s presidential front-runner wants state oil monopoly Petroleos Mexicanos (Pemex) to emulate the success of Brazil’s Petrobras and ramp up private-sector involvement that could possibly pave the way for a stock listing in the future.
Tuesday, April 10th 2012 - 05:32 UTC
US and Brazil plan to exchange toasts with cachaça and Tennessee whiskey

US and Brazil plan to boost trade and cooperation in their respective national drinks, cachaça (distilled sugar cane liquor used to make caipirihna cocktails, and Tennessee whisky. The letter of intent was signed Monday by US Trade Representative Ron Kirk and Brazil’s Trade Minister Fernando Pimentel.
Tuesday, April 10th 2012 - 05:17 UTC
Boeing and Embraer sign agreement on safety, efficiency and productivity

US Boeing and Brazil’s Embraer signed an agreement Monday to work cooperatively on aircraft safety, operational efficiency and manufacturing productivity.
Monday, April 9th 2012 - 05:52 UTC
Brazilian president expected to emphasize on trade, investments and technology

In spite of disagreements in several issues, President Dilma Rousseff during her meeting on Monday at the White House with her peer Barack Obama is expected to insist on the need to join efforts in combating the world economic crisis and particularly monetary instability originated in the manipulation of foreign currency exchanges, which the Brazilian describe as a “monetary tsunami”.
Monday, April 9th 2012 - 05:34 UTC
Brazilian yacht sinks crushed by Antarctic ice close to Chilean base

The Chilean Navy on Sunday released images of the Brazilian Yacht ‘Endless Sea’ which sank on Saturday in Antarctica. The photo shows the boat stuck in ice at Maxwell Bay, Ardley Cove, in front of the Chilean Antarctic base Presidente Eduardo Frei, reported Brazilian online media.
Monday, April 9th 2012 - 05:21 UTC
Automakers research and innovation must move to Brazil, ‘we have the market’ says Pimentel

Brazil has no plans to offer further incentives for automakers, but the government does not rule out taking steps to boost the competitiveness of other industries, Trade and Industry Minister Fernando Pimentel said in an interview published on Sunday.
Monday, April 9th 2012 - 02:44 UTC
Rousseff arrives at the White House for a good family photo, but not much more

Brazilian president Dilma Rousseff begins Monday a two day to the United States with the purpose of improving bilateral political, trade and investment relations as well as continuing on the agenda worked out for when President Obama’s visit to Brazil last year.