Brazil

• Saturday, July 26th 2014 - 06:18 UTC

  Brazilian auto industry putting workers on paid leave as production plummets 10%

  

  General Motors Co wants to put nearly a fifth of its workers at a factory in Brazil on paid leave, an auto workers union said this week, amid falling output in Latin America's largest economy.

• Friday, July 25th 2014 - 06:22 UTC

  Brazil wants to speed Mercosur/Pacific Alliance free trade understanding

  

  Brazil will propose next Tuesday, in Caracas, during the Mercosur summit that the group and the Pacific Alliance reach an agreement on free trade by the end of the year, according to official sources from Itamaraty.

• Thursday, July 24th 2014 - 23:34 UTC

  Brazil's priority is curbing resistant inflation, say central bank minutes

  

  Brazil's central bank indicated on Thursday it is unlikely to cut interest rates any time soon and instead is focused on curbing resistant high inflation even as the economy flirts with recession. In the minutes of its last policy meeting, the bank stressed that interest rates at current levels should help ease inflation in coming years.

• Tuesday, July 22nd 2014 - 09:00 UTC

  Mercosur has 'yet to crystallize' but 'I remain positive' says Cardoso

  

  Former Brazilian president Fernando Henrique Cardoso said that Mercosur has 'yet to crystallize as a customs union' and pointed to the common external tariff which is the founding stone but is “full of objections” as the main hurdle. Nevertheless “I remain positive about the strength of Mercosur”.

• Tuesday, July 22nd 2014 - 06:39 UTC

  China/Argentina swap disagreements to be addressed by courts in London and Paris

  

  Argentina's current confrontation in New York with Judge Thomas Griesa and the holdout speculative funds brings up the issue of having resigned the sovereignty of Argentine courts at the time of negotiating or restructuring foreign debt.

• Saturday, July 19th 2014 - 07:36 UTC

  A money rich China and Brazil dispute influence in Latam

  

  After the BRICS summit and a visit to Brazil, China's President Xi Jinping is embarking on a tour of Argentina, Venezuela and Cuba in a bid to boost ties and gain clout in the region, as analyst Victor Mijares tells Deutch Welle.

• Saturday, July 19th 2014 - 07:11 UTC

  Embraer's 20-year market outlook: 6,250 new jets in 70 to 130-seat segment

  

  Brazil leading aircraft manufacturer and space research company, Embraer has released its Market Outlook 2014-2033 which details the company's forecast for deliveries of new 70 to 130-seat jet aircraft over the next twenty years. The report examines the main drivers contributing to air transport growth and reviews projected deliveries by world region.

• Saturday, July 19th 2014 - 06:41 UTC

  China confirms its interest in Brazil with credit and infrastructure projects

  

  China expanded its trade partnership with Brazil with 7.5 billion dollars in financing for Brazilian miner Vale, the purchase of 60 passenger jets from plane-maker Embraer and renewed commitment to invest in infrastructure.

• Friday, July 18th 2014 - 07:45 UTC

  Brazil leaves basic interest rate unchanged at 11%; no surprises expected ahead of October election

  

  Brazil held interest rates unchanged for a second straight time this week but did not commit to keeping them stable for long as inflation remains high in Latin America's top economy. The Brazilian economy performance is anemic and next October president Dilma Rousseff is bidding for re-election.

• Thursday, July 17th 2014 - 07:27 UTC

  BRICS development bank HQ in Shanghai and India will hold the presidency

  

  The first president of the BRICS group New Development Bank will be from India and the position will rotate every five years among Brazil, Russia, India, China and South Africa, said a joint statement from the leaders said.