Brazil

• Tuesday, April 26th 2011 - 00:45 UTC

  Brazil moving to cut share of inflation-linked federal debt bonds

  

  Brazil's federal public debt rose in March as the government issued more debt than it redeemed and paid higher servicing costs, the national treasury said on Monday.

• Monday, April 25th 2011 - 07:54 UTC

  Rousseff further intervenes in Brazil’s leading corporation

  

  Vale, the world’s largest iron-ore producer, named Brazil’s Deputy Finance Minister Nelson Barbosa, (a close ally of President Dilma Rousseff) as a member of the board after announcing earlier this month the replacement of its chief executive officer.

• Monday, April 25th 2011 - 07:20 UTC

  Gary Garrabrant of Equity International to attend Brazil's largest real estate event

  

  Gary Garrabrant, CEO and co-founder (with Sam Zell) of Equity International, has confirmed his presence at ADIT Invest, Brazil's biggest event in the field of real estate and tourism investment, to be held in Fortaleza from 10 – 12 May.

• Friday, April 22nd 2011 - 05:05 UTC

  Mercosur and South America, remain top priorities of Brazilian diplomacy

  

  South American countries, particularly Mercosur members remain as top priority of Brazil’s foreign policy confirmed this week President Dilma Rousseff.

• Thursday, April 21st 2011 - 21:29 UTC

  Brazilian company JBS dominates world beef industry from farm to fork

  By Juan Forero, Thursday (The Washington Post)
  The following piece is a brief history of a Brazilian family business which in a few decades, climbed aggressively to become the world’s largest provider of meat. The piece however, we believe, lacks reference to the Brazilian government’s strong financial support to these enterprises that become global corporations flying the green/yellow colours.

• Thursday, April 21st 2011 - 06:41 UTC

  China further opens its market to Brazilian beef, chicken and now pork

  

  China opened its market significantly for Brazilian beef and chicken said Brazil’s Agriculture minister Wagner Rossi on his return from a week long visit to China with a business delegation headed by President Dilma Rousseff.

• Thursday, April 21st 2011 - 06:31 UTC

  Tax revenue in Brazil surges 9.7% in March on the back of consumer demand

  

  Brazil's tax revenue surged in March on the back of consumer demand that has continued to be robust the federal tax authority said this week.

• Thursday, April 21st 2011 - 06:25 UTC

  Inflation and unemployment confirm Brazilian economy overheated

  

  March inflation in Brazil accelerated to its fastest rate since November 2008, driven by food, beverages and fuel prices. Consumer prices as measured by the IPCA-15 index rose 6.44% in the year through mid-April, the national statistics agency announced Wednesday in Rio do Janeiro.

• Thursday, April 21st 2011 - 03:14 UTC

  Brazilian central bank raises benchmark rate 0.25 percentage points to 12%

  

  Brazil’s central bank raised its benchmark interest rates a quarter of a percentage point from 11.75% to 12%. The decision surprised the market since it was a smaller raise than two previous hikes of half a percentage point earlier this year.

• Wednesday, April 20th 2011 - 02:27 UTC

  Brazil trusts the Fed will end liquidity program in July thus boosting the US dollar

  

  Brazil believes the impact of an undervalued US dollar which is appreciating other currencies such as the Brazilian Real, ‘won’t last long’ according to forecasts from Finance Minister Guido Mantega.