Brazil

Friday, March 7th 2008 - 21:00 UTC
Brazilian officials optimistic in spite of US recession

Brazil economy grew more than 5% in 2007 on high global demand for agricultural products, ethanol and iron ore and a booming domestic market, Finance Minister Guido Mantega said Friday in a press conference.
Friday, February 29th 2008 - 21:00 UTC
Seism shakes north east Brazil causing panic but no victims

A slight tremor with 3.9 Ritcher scale degree intensity, lasting a few seconds, followed by over a hundred low intensity replicas was felt in the Brazilian northeastern state of Ceará, according to Brazilian Civil Defence.
Friday, February 29th 2008 - 21:00 UTC
Limited reopening of EU market for Brazilian beef

The European Union said Friday it will allow some Brazilian farms to export beef to Europe again, ending a month long freeze over animal disease concerns. A total of 106 farms meet EU health standards, thus reopening trade between Brazil, the world's leading beef exporter, and its main market in Europe.
Friday, February 29th 2008 - 21:00 UTC
Relief in Brazil: loss of “state secrets” was petty theft

Brazilian officials said petty theft and not corporate espionage was responsible for the disappearance of computers with highly sensitive information on recently discovered oilfields, which could make Brazil a hydrocarbons powerhouse.
Friday, February 29th 2008 - 21:00 UTC
Brazil's inflation falls to 7 month low; Real 26% stronger

Brazil's inflation index fell to a seven-month low in February mitigating concerns about an increase in interest rates to keep prices under control, which has been one of the driving forces of the administration of President Lula da Silva.
Friday, February 29th 2008 - 21:00 UTC
Containing Brazilian currency appreciation is costing billions

Brazil's central bank posted a loss of 47.5 billion reais (28.5 billion US dollars) in 2007, triple the amount in the prior year, because of efforts to slow the strong real's appreciation against the US dollar.
Tuesday, February 26th 2008 - 21:00 UTC
Lula da Silva says Brazil has become financially “serious”

Brazil is well-prepared to weather a United States recession as diversified exports, thriving domestic markets and the elimination of foreign debt have bolstered its economy, President Luiz Inacio Lula da Silva said Monday.
Tuesday, February 26th 2008 - 21:00 UTC
“Four years of energy crisis” forecasts Lula da Silva

Brazilian president Luiz Inacio Lula da Silva forecasted that the current “energy crisis” will extend for “at least another four years” both for Brazil and Argentina since only then, Bolivia will be producing sufficient natural gas to supply domestic and neighboring markets.
Monday, February 25th 2008 - 21:00 UTC
Brazil headed for annual record crop of 139.3 million tons

Brazil is expected to harvest 139.3 million tons of grains and oil seeds in the 2007/08 season, up 5.4% over the previous crop helped by limited diseases and the use of gene-modified seeds to grow stronger plants, said Agroconsult a Brazilian agriculture consultant company.
Monday, February 25th 2008 - 21:00 UTC
Brazil and Argentina committed to building a nuclear submarine

Brazil says that it will start working jointly with Argentina in the construction of a nuclear submarine, the first in Latin America, to be built using French technology, according to reports in the Buenos Aires press.