Brazil

Tuesday, August 27th 2013 - 01:19 UTC
Brazilian foreign minister removed following diplomatic incident with Bolivia

Brazilian foreign minister Antonio Patriota has stepped down and will be replaced by the current representative before United Nations Ambassador Luis Alberto Figueiredo Machado, it was confirmed Monday evening by the spokesperson from President Dilma Rousseff’s office.
Monday, August 26th 2013 - 07:30 UTC
Bolivian Senator arrives in Brazil after being granted political asylum

Bolivian Senator Roger Pinto, who had taken refuge in the Brazilian Embassy in La Paz, left the country in an official Brazilian vehicle escorted by soldiers, Brazilian Senate Foreign Relations Committee chairman Ricardo Ferraço said on Sunday.
Monday, August 26th 2013 - 03:43 UTC
Brazil surprised by Dilma Rousseff’s ‘city tour’ adventure on a Harley-Davidson

Brazilian president Dilma Rousseff had a long standing wish and it was finally made true with the help of an accomplice and high ranking official from her administration: a ride in motorbike to see Brasilia first hand without being recognized.
Monday, August 26th 2013 - 02:22 UTC
Brazil's current account deficit doubles in July from a year ago

Brazil's current account deficit more than doubled in July from a year ago, according to the latest Central bank data. The gap reached 9.08 billion dollars in July, while a year ago the deficit was 3.75bn dollars.
Friday, August 23rd 2013 - 23:18 UTC
Falklands’ lawmaker begins round of contacts in Brazil’s main cities

Falkland Islands lawmaker Dick Sawle is expected next week in Brazil where he will be meeting representatives from the business community, students’ organizations and share lunch with a group of members of Congress, announced British ambassador in Brasilia Alex Ellis.
Thursday, August 22nd 2013 - 23:40 UTC
Brazil fuel prices remain unchanged for now…despite growing losses of Petrobras

Brazil's President Dilma Rousseff has not yet discussed raising gasoline and diesel prices to support state-run oil producer Petrobras, said her spokesperson in response to local media reports on Thursday.
Thursday, August 22nd 2013 - 23:37 UTC
A ‘sustainable’ exchange rate for Brazil is 2.2 to 2.35 Reais to the US dollar

Brazil's development bank BNDES chief Luciano Coutinho said on Thursday that a “sustainable” exchange rate for the country would be between 2.2 and 2.35 Reais to the US dollar, which is currently trading at around 2.44.
Thursday, August 22nd 2013 - 23:24 UTC
Brazil launches 60bn dollars currency-intervention program to boost the sliding Real

Brazil's central bank announced a currency-intervention program on Thursday that will provide 60 billion dollars worth of cash and insurance to the foreign-exchange market by year-end, a move aimed at bolstering the country's currency, the Real which has slipped to near five-year lows against the dollar.
Thursday, August 22nd 2013 - 23:18 UTC
Brazil confirms contract of 4.000 Cuban doctors to work where local professionals don’t want to go

Brazil's foreign minister on Thursday denied that the government's plan to hire 4,000 Cuban doctors to work in isolated areas has any “ideological aspect.” The decision “was taken to improve public services and has no ideological motivation of any kind,” Antonio Patriota told a congressional committee.
Thursday, August 22nd 2013 - 00:39 UTC
Argentina’s trade surplus down 40% in July; unemployment fell to 7.2%

Argentina's trade surplus shrank by 40% in July from a year earlier as surging fuel and auto imports increased pressure on President Cristina Fernandez government's system of currency controls. However the unemployment rate in the second quarter fell to 7.2% according to official data.