Brazil

• Thursday, July 1st 2010 - 06:57 UTC

  Brazilian opposition picks young, fresh face as Vice-president candidate

  

  Congressman Indio da Costa of the opposition Democrats party was named Brazilian presidential candidate Jose Serra’a running mate. The move is geared to retake the initiative in the campaign to October 3 presidential polls which now have incumbent Dilma Rousseff ahead.

• Thursday, July 1st 2010 - 06:46 UTC

  Syria’s Assad in Brazil proposed close economic links with Mercosur

  

  Syrian President Bashar al-Assad on his first-ever tour of Latin America proposed a free trade agreement with Mercosur after meeting Wednesday in Brasilia with his Brazilian counterpart Lula da Silva and giving a conference at the Foreign Ministry seat in Itamaraty Palace.

• Wednesday, June 30th 2010 - 20:04 UTC

  Brazilian candidate Ms. Rousseff promises to have Lula da Silva as advisor

  

  Brazilian presidential candidate Dilma Rousseff promised, if elected, that President Lula da Silva (and mentor) will be her advisor to help with all the reforms the country still needs to address.

• Wednesday, June 30th 2010 - 06:32 UTC

  EU/Mercosur talks must go “beyond tariffs and subsidies”

  

  The association agreement between the European Union and Mercosur has to go “beyond tariffs and subsidies”, said Brazilian president addressing businessmen from Brazil and a visiting Italian delegation headed by Prime Minister Silvio Berlusconi.

• Wednesday, June 30th 2010 - 06:18 UTC

  Shell confirms oil discovery in pre-salt drilling at Campos Basin

  

  Royal Dutch Shell Brazil discovered oil in the Campos Basin's pre-salt region, the company said Tuesday. In a statement, Shell Brazil said it had discovered oil in the 3-SHEL-22-ESS well at the Nautilus field, part of the Parque das Conchas development that went on-stream in July 2009.

• Wednesday, June 30th 2010 - 06:03 UTC

  Berlusconi says Lula da Silva should run again for president in 2014

  

  Italian Prime Minister, Silvio Berlusconi, expressed his support for the idea that Brazilian President Lula da Silva should run for president once again in the Brazilian presidential elections of 2014.

• Wednesday, June 30th 2010 - 05:31 UTC

  Lula da Silva anticipates World Cup semi-finals with four Mercosur members

  

  Brazilian President Lula da Silva said on Tuesday he expects the four Mercosur countries Argentina, Brazil, Paraguay and Uruguay to meet in the semi-finals of the World Cup in South Africa.

• Wednesday, June 30th 2010 - 05:21 UTC

  Brazil largest meat processor JBS targeting US top pork producer

  

  Shares of Smithfield Foods Inc., the top U.S. pork producer, jumped as much as 8.3% Tuesday on speculation the company may be a takeover target for Brazil-based meat processor JBS S.A. A report in the Brazilian publication Valor Economico, citing market sources said JBS may seek discussions over an acquisition with Smithfield.

• Wednesday, June 30th 2010 - 05:14 UTC

  Caterpillar expanding plant in Brazil to meet growing Latam demand

  

  US corporation Caterpillar Inc. said Tuesday it will build a new manufacturing facility in Brazil to meet growing customer demand there and across Latin America.

• Tuesday, June 29th 2010 - 05:30 UTC

  Brazil to implement new banking reserve requirements bases on Basel Index

  

  Brazil's government will implement new reserve requirements on credit operations undertaken by the nation's banks, in compliance with the latest changes in the Basel Index, by 2012, the Central Bank of Brazil said in a statement Monday.