Brazil

• Thursday, March 20th 2014 - 06:57 UTC

  Dilma Rousseff questioned on “flawed” report that cost Petrobras 1.2bn

  

  A scandal surrounding the costly acquisition of a Texas oil refinery by Brazilian state-run energy company Petrobras years ago resurfaced Wednesday after new questions arose about President Dilma Rousseff’s handling of the deal, which involved a sum of 1.2bn dollars.

• Tuesday, March 18th 2014 - 02:24 UTC

  Brazil optimistic that Mercosur has reached a joint proposal for trade talks with the EU

  

  Mercosur will present a joint proposal to the European Union for a wide ranging trade agreement between the two blocks later this month, announced Brazil' Minister of Industry Mauro Borges, following a visit to Buenos Aires where he met with Economy minister Axel Kicillof and Industry minister Debora Giorgi.

• Thursday, March 13th 2014 - 23:16 UTC

  Inflation in Brazil edges up in February to an annualized 5.68%

  

  Inflation edged up in Brazil in February to hit an annualized rate of 5.68%, following a 0.69% monthly rise in February, national statistical office IBGE said Wednesday.

• Thursday, March 13th 2014 - 08:20 UTC

  Investment inflow in Brazil remain strong, says central banker Tombini

  

  Investment inflows into Brazil remain “strong” so far in March, central bank president Alexandre Tombini said on Wednesday, adding that 9.2 billion dollars entered the country in the form of portfolio and foreign direct investments in February.

• Wednesday, March 12th 2014 - 07:35 UTC

  Manufacturing remains the weakest link of the Brazilian economy

  

  Industrial production in Brazil rose 2.9% in January from December, government statistics agency IBGE said on Tuesday led by a jump in capital goods production.

• Wednesday, March 12th 2014 - 07:28 UTC

  Brazil car production up in February but sales dropped in the two months

  

  Motor vehicle production in Brazil surged in February after auto workers returned from vacations, but production remains below levels seen in 2013 and sales have also dropped in the first two months of the year.

• Monday, March 10th 2014 - 21:43 UTC

  Rousseff's supporters fit the most with the profile of the average Brazil voter

  

  The average Brazilian voter for this coming October presidential election is between 25 and 34 years old, has on average a high school education and a low monthly family income, equivalent to 618 US dollars. He lives in the Southeast region of the vast country, in a small town with fewer than 50,000 inhabitants.

• Monday, March 10th 2014 - 06:24 UTC

  Brazil opens the ninth World Cup stadium; three more on the waiting list

  

  Brazilian officials inaugurated the Arena da Amazonia in the Amazon city of Manaus, the ninth World Cup stadium to become available for soccer’s showcase event. Three still have to be finished, including the one hosting the opening match in Sao Paulo in about three months.

• Saturday, March 8th 2014 - 06:47 UTC

  Brazil's trade deficit soars in February: 6.3bn dollars if first two months of 2014

  

  Brazil recorded its largest February trade deficit ever, deepening a trade gap this year that underscores the lack of competitiveness from local industry. The deficit reached 2.125 billion dollars the trade ministry announced.

• Friday, March 7th 2014 - 05:10 UTC

  With an eye on Argentina and Venezuela, Brazil private sector wants Mercosur trade in local currencies

  

  Brazil's private sector concerned with harsh times ahead, particularly with exports to Argentina and Venezuela are proposing that Mercosur trade should be done with local currencies leaving aside the US dollar. The initiative was launched by the president of the Brazil-Argentina Commerce Chamber.