Brazil

• Thursday, January 14th 2010 - 09:58 UTC

  Brazil’s main private bank forecasts “aggressive” policy to counter inflation

  

  Brazil will boost interest rates to as high as 13% next year as policy makers become more “aggressive” to ensure the global economic recovery doesn’t fuel faster inflation, according to Bradesco Asset Management

• Wednesday, January 13th 2010 - 08:29 UTC

  Brazilian industry calls for end of “strategic patience” trade policy with Argentina

  

  Brazil’s strongest manufacturing organization (and lobby) is considering the possibility that the country “ceases to be tolerant” towards Argentine trade restrictions and consider the possibility of withdrawing from Mercosur.

• Monday, January 11th 2010 - 12:56 UTC

  Brazil’s Human Rights minister threatens to resign over controversial bill

  

  Brazilian Minister of Human Rights Pablo Vanucchi threatened to resign on Sunday if the military are successful in reviewing the bill creating a Truth Commission on the Brazilian dictatorship (1964/1985) which caused internal turmoil in the administration of President Lula da Silva.

• Saturday, January 9th 2010 - 13:48 UTC

  Brazil anticipates second largest grain and oil seed crop in history

  

  Brazil expects in 2010 the second largest grain and oil seed crop in history, closely linked to the success of soy beans, totalling 140 million tons, according to the latest release from the Brazilian Geography and Statistics Institute, IBGE.

• Friday, January 8th 2010 - 13:01 UTC

  Excellent rain-timing anticipates record crops in Brazil of coffee and soy

  

  Brazil's coffee crop may beat the 48.48 million bag record this year, the country's crop supply agency said in a report which also raised forecasts for the newly-begun soybean harvest.

• Friday, January 8th 2010 - 06:12 UTC

  President Lula da Silva “will decide” on contract for huge fighter jet order

  

  Brazilian Foreign Minister Celso Amorim said Thursday that the government -- not the Air Force -- will determine which contractor to pick for a 4.4 billion US dollars fighter jet order, and that President Lula da Silva has not yet made his decision.

• Wednesday, January 6th 2010 - 13:08 UTC

  Brazil consolidates position a world leader in meat markets

  

  Even when Brazilian meat and chicken exports are recovering at a slower pace than anticipated, representatives from the industry and market analysts anticipate that overseas sales should retake pre-crisis levels by the end of 2010, if not in price, in volume.

• Wednesday, January 6th 2010 - 11:20 UTC

  Brazil car sales grew 11% in 2009 and another 10% increase is forecasted for 2010

  

  Brazil’s new car sales could rise 10% this year as Latinamerica’s largest economy expands the most since 2007, the country’s dealership federation said on Tuesday. Sales in 2009 increased 11% to 3.14 million units.

• Wednesday, January 6th 2010 - 11:11 UTC

  Brazil has record increase of international reserves in 2009

  

  Brazil’s Central Bank reserves soared 23.4% in the last twelve months having reached 239 billion US dollars by December 31st, according to the latest data available. Nevertheless the Central Bank points out that this was below the December 2nd record of 239.4 billion USD.

• Tuesday, January 5th 2010 - 12:52 UTC

  Brazil’s main financial group has set eyes on UK’s rescued banks

  

  Brazil’s leading private banking institution Itaú-Unibanco denied London press reports it was interested in block-buying into UK banks that were saved from collapse in 2008 by the British government, as well as banks in other countries including United States, but admitted an interest in shares