Brazil

• Thursday, November 28th 2013 - 10:26 UTC

  Rousseff reluctant to increase fuel prices fearing inflation and social unrest

  

  Brazilian president Dilma Rousseff is reluctant to allow the country's oil corporation Petrobras to increase the price of fuels this year, which would have an immediate impact on gasoline, transport and inflation, according to Folha de Sao Paulo.

• Thursday, November 28th 2013 - 10:21 UTC

  Gol airlines admits it's on the brink because of Brazil's tepid economic performance

  

  Brazilian airline Gol Linhas-Aereas could continue cutting its domestic network in 2014 if necessary, Chief Executive Paulo Kakinoff said this week, highlighting uncertainty about economic growth.

• Wednesday, November 27th 2013 - 06:49 UTC

  Petrobras shares plummet on fears that fuel price increases will be further delayed

  

  Brazilian state-run oil firm Petrobras fell to its lowest level in more than a year on Tuesday, pushing the country's stock market to a near three-month low on concerns the government may delay a new pricing policy that could stem losses in the firm's refining division.

• Wednesday, November 27th 2013 - 06:43 UTC

  Sound fiscal policy is new target of Brazilian economy: subsidies to be lessened

  

  Brazilian Finance Minister Guido Mantega said on Tuesday the government will remove some subsidies and delay tax breaks to keep the country's fiscal policy sound. Likewise the state development bank, BNDES, will stop funding lines for regional government next year.

• Tuesday, November 26th 2013 - 19:35 UTC

  Brazilian leading daily calls for a review of Mercosur, which 'is not working'

  

  Brazil's influential daily O'Globo called for a drastic change in the country's approach to trade policy arguing that “without a review, Mercosur does not work” and reveals that the latest signals from Argentina are that it is reluctant to reach a free trade and cooperation agreement in the framework of Mercosur with the European Union.

• Monday, November 25th 2013 - 15:55 UTC

  Operational costs in Argentina and Brazil threaten the South Atlantic cruise industry

  

  The high operational costs in the ports of the region is having a negative impact for the cruise industry and some of the companies have already withdrawn vessels from the South Atlantic routes, warned Mediterranean Shipping Company, MSC and Royal Caribbean during a regional conference on the industry sponsored by Uruguay's Ministry of Tourism.

• Monday, November 25th 2013 - 08:09 UTC

  Scientists from all the world meet in Brazil to discuss their role in the 21st century

  

  Hundreds of scientists from all over the world under the umbrella organization World Science Forum, WSF, meets this week in Rio do Janeiro to discuss their role in the 21st century and to emphasize the importance of scientific advice in political and economical decisions.

• Monday, November 25th 2013 - 07:39 UTC

  Jaguar-Land Rover to build manufacturing plant in Brazil

  

  Jaguar Land Rover plans to build a 500 million dollars manufacturing plant in Brazil, the O Globo newspaper reported on Sunday. The daily wrote that the Rio de Janeiro factory will be the company's second production facility outside Britain, in addition to one China. It also has an assembly plant in India.

• Saturday, November 23rd 2013 - 06:46 UTC

  Singapore group pays 8.24bn to operate Rio's Galeao airport on 25-year concession

  

  Airport operators from Singapore, Germany, Switzerland and Brazil on Friday won rights to run airports in Rio and Belo Horizonte, two host cities of the 2014 World Cup. One consortium including engineering firm Odebrecht and Singapore airport operator Changi paid 19 billion Reais (8.24 billion dollars) for a 25-year concession to run Rio's Galeao airport at an auction held at the Sao Paulo stock exchange.

• Friday, November 22nd 2013 - 20:34 UTC

  Argentina and Brazil coordinating cyber-defense in the framework of Unasur

  

  Argentine Defense Minister Agustín Rossi met his Brazilian counterpart, Celso Amorim and agreed to incorporate all South American countries in their bilateral treaty on cyber-defense. The decision was made after several reports indicated the United States engaged in espionage activities against the countries in the region.