Brazil

Sunday, June 10th 2007 - 21:00 UTC
IMF “proud” of Lula da Silva's handling of Brazilian economy

The International Monetary Fund praised the performance and management of the Brazilian economy during the last few years and forecasted that the strong Brazilian currency, Real, offers more opportunities to open the economy both financially and commercially.
Friday, June 8th 2007 - 21:00 UTC
A brother of Brazilian president accused of influence peddling

Brazilian police have formally accused a brother of President Luiz Inacio Lula da Silva of influence peddling after a nationwide crackdown on illegal gambling, money laundering and police corruption according to the Sao Paulo press.
Thursday, June 7th 2007 - 21:00 UTC
With inflation under control Brazil lowers basic rate to 12%

Brazil's Central Bank on Wednesday shaved 50 points of the Selic reference interest rate which now stands at 12% a historic low and in line with market expectations.
Monday, June 4th 2007 - 21:00 UTC
Brazil, India lobby for permanent seats in Security Council

Brazil that aspires to a permanent seat of the expanded UN Security Council along with India, strongly advocated the need for inclusion of “great nations of the South” in the global decision making bodies to create a “more representative” international order.
Monday, June 4th 2007 - 21:00 UTC
Brazil's Lula da Silva proposes forest preservation plan

President Luiz Inacio Lula da Silva said Monday that rich nations should pay poorer countries to preserve their forests because the rich are responsible for most of the world's greenhouse gas emissions
Sunday, June 3rd 2007 - 21:00 UTC
Brazilian president visits India to strengthen ties

Brazilian President Luiz Inacio Lula da Silva arrived Sunday morning to New Delhi on a three-day state visit, which is expected to strengthen strategic and economic ties between the two countries. The main issues discussed would be multilateral trade talks, climate change and UN reforms.
Wednesday, May 30th 2007 - 21:00 UTC
Brazilian group becomes world's leading meat packer

The Brazilian group JBS, which is the leading beef exporter of Latinamerica announced this week the purchase of Swift & Co., the third largest fresh meat (beef and pork) packer in the United States, thus becoming the world's leading meat packer.
Wednesday, May 23rd 2007 - 21:00 UTC
Brazil's Energy minister resigns amid bribes accusations

Brazil's Mines and Energy minister Silas Rondeau resigned amid accusations he was bribed by a construction company that obtained contracts to provide electricity to poor rural areas in a program championed by the nation's first working class president
Wednesday, May 23rd 2007 - 21:00 UTC
Toyota launches two fuel-flexible Corolla models in Brazil

Toyota is launching cars that run on ethanol and gasoline in Brazil amid growing popularity of fuel-flexible vehicles in the nation.
Tuesday, May 22nd 2007 - 21:00 UTC
Energy topped Lula's controversial visit to Paraguay

Brazilian president Lula da Silva one day visit to Paraguay to sign several bilateral agreements and officially inaugurate the expanded capacity of the huge bi-national Itaipu dam along the Parana river was signaled by strong criticism from the local press.