Brazil

Saturday, July 5th 2008 - 21:00 UTC
Sao Paulo stock market lost foreign investors in June

Brazilian stocks partly recovered (0.16%) on Friday after their worst week in nearly a year with the Sao Paulo Bovespa index falling 7.7%, -below the 60.000 benchmark-, in line with global markets and concerns about oil and inflation.
Friday, July 4th 2008 - 21:00 UTC
Brazil begins process to renew entire fleet of fighter jets

Brazil launched the process to buy at least 36 fighter jets as part of a broader plan to modernize its Air Force and in keeping with neighbors that are also in the process of overhauling their fleets.
Friday, July 4th 2008 - 21:00 UTC
Record sale of cars and farm machinery in booming Brazil

The Brazilian automobile industry produced and sold a record number of new vehicles in the first half of 2008, with flex-fuel cars leading the surge according to the auto manufacturers' association, Anfavea, said on Friday.
Wednesday, July 2nd 2008 - 21:00 UTC
Brazil announces massive support plan to increase crops

Brazil has promised farmers 78 billion Reais, approximately 48 billion US dollars, in soft loans to promote agriculture production and help curb inflation announced on Wednesday the country's development bank, BNDES.
Saturday, June 28th 2008 - 21:00 UTC
Brazilian inflation at its fastest pace in over five years

Brazil's monthly inflation accelerated to its fastest pace in more than five years on rising wholesale prices for manufacturers. The IGP-M price index, Brazil's broadest measure of consumer, construction and wholesale prices, rose 1.98% in June, up from a 1.61% surge in May, according to the Getulio Vargas Foundation.
Friday, June 27th 2008 - 21:00 UTC
Brazil approves the merger of Varig with low fare Gol

Brazil's Antimonopoly agency, CADE, finally approved the takeover of the once Brazilian flag carrier Varig by the low fare airline GOL, an operation which took place last year.
Monday, June 23rd 2008 - 21:00 UTC
Brazil's Marfrig becoming world's main meat processor

Brazilian meat processor Marfrig said on Monday it will pay 680 million US dollars for assets in Brazil and Europe owned by US based OSI Group, the largest meat provider for McDonald's fast-food chains.
Monday, June 23rd 2008 - 21:00 UTC
Lula da Silva: inflation is “under control” and on target

Brazilian president Lula da Silva said on Monday that inflation in the country was “under control”, in spite of soaring world food prices and promised measures to further promote the production of grains, meats and milk.
Sunday, June 22nd 2008 - 21:00 UTC
Brazil plans to invest 40 billion U$D in agriculture 2008/09

Brazil will be announcing this week the annual investment plan in support for agriculture and livestock which is estimated to increase 12% totaling in the region of 40 billion US dollars, said Agriculture Minister Reinhold Stephanes.
Thursday, June 19th 2008 - 21:00 UTC
Lula and top aides in financial summit to curb inflation

Brazilian President Lula da Silva, cabinet ministers and his main economic advisors are considering a range of measures, (from budget cuts to pruning credit) with the purpose of curbing inflation according to Folha de Sao Paulo