Brazil

• Wednesday, June 8th 2011 - 23:32 UTC

  Brazil unveils plan and incentives to boost ethanol production

  

  Brazil's government unveiled new financing and other incentives for sugar cane ethanol production, vowing to work closely with the private sector to boost production in an industry that has struggled recently despite its immense promise.

• Wednesday, June 8th 2011 - 23:20 UTC

  China completes first high-speed electric train for Rio do Janeiro

  

  China has built the first high-speed electrical train for Brazilian capital Rio de Janeiro in time for use during the 2014 World Cup Football and 2016 Olympic Games.

• Wednesday, June 8th 2011 - 23:16 UTC

  Brazil, India, Russia increased global proven oil reserves by 0.5% in 2010 says BP

  

  Global proven oil reserves rose by 0.5% in 2010, boosted by increases in Brazil, India and Russia, according to British Petroleum. Deposits advanced to 1.3832 trillion barrels at the end of last year from a revised 1.3766 trillion in 2009, BP said in its annual Statistical Review of World Energy.

• Wednesday, June 8th 2011 - 23:03 UTC

  Rocketing values for cattle in Brazil anticipate ‘beef prices will remain high’

  

  World beef prices look set to stay high long term given the rocketing prices of raising cattle in Brazil, and the lack of an obvious successor as the world's low-cost producer.

• Wednesday, June 8th 2011 - 03:14 UTC

  “A Lula da Silva man steps down; a Dilma woman moves in”

  

  Brazilian Senator Gleisi Helena Hoffmann, 45, wife of Communications Minister Paulo Bernardo has been chosen by President Dilma Rousseff to replace outcast Antonio Palocci as chief of staff.

• Wednesday, June 8th 2011 - 02:28 UTC

  Embattled Palocci, the most influential official in Brazil’s cabinet, resigns

  

  Brazil’s embattled Chief of Staff Antonio Palocci described by fellow ministers as the most influential official in President Dilma Rousseff's government resigned on Tuesday to prevent a scandal over his finances from becoming an ongoing distraction for the administration.

• Tuesday, June 7th 2011 - 23:06 UTC

  Brazil inflation slows down in May; Central bank decides Wednesday on rates

  

  Brazilian inflation slowed to its lowest level in eight months in May as fuel costs dropped. The sharp drop in the monthly inflation reading provided relief to policymakers who have battled surging prices this year with three interest rate hikes, public spending cuts and steps such as credit curbs to take steam out of the economy.

• Tuesday, June 7th 2011 - 22:59 UTC

  Brazil, Uruguay, Chile and Peru shoppers, most promising for retail expansion

  

  Brazil, Uruguay, Chile and Peru figure among the short list of top ranked developing countries for global retail expansion. In the 10th annual Global Retail Development Index (GRDI), elaborated by global management consulting firm A.T. Kearney, Brazil jumped to first place from number 5 in last year’s study.

• Tuesday, June 7th 2011 - 06:07 UTC

  Argentina hosts first meeting of Unasur Economy and Finance Council

  

  Argentina will be hosting on Thursday the first meeting of the South American Economy and Finance Council that will bring together Economy ministers and Central bank governors from members of Unasur, Union of South American Nations.

• Tuesday, June 7th 2011 - 01:25 UTC

  Brazil government celebrates Humala’s victory; invites president-elect to Brasilia

  

  Brazil’s presidential foreign affairs advisor Marco Aurelio Garcia celebrated the victory of nationalist Peruvian president elect Ollanta Humala who beat Keiko Fujimori in the Sunday run off by a minimum difference.