Brazil

• Wednesday, August 24th 2011 - 07:02 UTC

  Mantega admits global crisis in having an impact: lowers Brazil growth to 4%

  

  Brazilian Finance minister Guido Mantega admitted before the Senate that the global financial crisis is already having an impact in the local economy and this will be reflected in a lower GDP for the twelve months.

• Tuesday, August 23rd 2011 - 06:29 UTC

  Brazilian press targets Communications minister with corruption allegations

  

  Another Brazilian minister, and particularly close to President Dilma Rousseff has been targeted by the Sunday edition of a Sao Paulo magazine with national circulation. According to the report Communications minister Paulo Bernardo has been using the private jet of a major public contractor of the Brazilian government.

• Tuesday, August 23rd 2011 - 06:23 UTC

  Brazil’s main producer of soy beans is the Argentine group El Tejar

  

  Guess who is the main producer of soy beans in Brazil, the country that is the world’s second exporter of oilseed behind the United States?, a Brazilian, no an Argentine group.

• Tuesday, August 23rd 2011 - 06:20 UTC

  Petrobras expects to lower costs and increase earnings in coming quarters

  

  Operating costs for Brazil's state oil company Petrobras will be lower in the coming quarters Chief Financial Officer Almir Barbassa told financial newspaper Valor Economico in an interview published on Monday.

• Tuesday, August 23rd 2011 - 04:04 UTC

  Brazil auctions first concession to construct and operate major airport

  

  Brazil's government on Monday auctioned rights to the first major airport to be operated by a private company as the country moves to pick up the pace of investment in its air travel infrastructure ahead of the 2014 World Soccer Cup.

• Monday, August 22nd 2011 - 21:28 UTC

  UN Rapporteur calls on Brazil for immediate protection of judges and magistrates

  

  The United Nations Special Rapporteur on the independence of judges and lawyers, Gabriela Knaul, urged the Brazilian authorities to take immediate action to provide judges, magistrates, prosecutors, public defenders and lawyers with effective and adequate measures of protection.

• Monday, August 22nd 2011 - 07:57 UTC

  Signs of disarray in the Brazilian ruling coalition as president attacks corruption

  

  Brazilian President Dilma Rousseff reached out to political allies to stem a growing rebellion within her coalition after the resignation of a fourth minister threatened to further tense already strained relations.

• Friday, August 19th 2011 - 00:59 UTC

  Boeing lobbies F-18 Super Hornet contract with flight simulator in Brazilian congress

  

  Boeing Co. promised a full transfer of technology to Brazil if the US-based company wins a 9 billion dollars fighter-jet bid. The president of Boeing Military Aircraft told the Brazilian Senate defense committee that Brazil would be able to fully produce the F-18 Super Hornet if it purchases the planes from Boeing.

• Thursday, August 18th 2011 - 23:58 UTC

  Historic win for wind energy in Brazilian government power auction

  

  Wind farms have come out on top in the latest round of power auctions organized by Brazil’s government. Slowly letting go of government protection to compete head-to-head with historically cheaper fossil fuel energy, the wind power sector indicated its potential strength.

• Thursday, August 18th 2011 - 22:51 UTC

  Rousseff names new Agriculture minister and respects balance in cabinet

  

  Brazilian president Dilma Rousseff named on Thursday lawmaker Mendes Ribeiro as new Minister of Agriculture. The member of Congress from the farming state of Rio Grande do Sul replaces Wagner Rossi who stepped down Wednesday following strong allegations of corruption and irregularities.