Brazil

• Wednesday, October 2nd 2013 - 16:11 UTC

  Petrobras readies 60th anniversary announcing a million barrels production increase by next year

  

  Brazil’s state oil company Petrobras, which will mark its 60th anniversary on Thursday, has announced it will increase production by 50% in an effort to overcome the current situation. Nine production units now being installed will pump an additional one million barrels a day beginning next year said Petrobras CEO María das Graças Foster.

• Wednesday, October 2nd 2013 - 08:22 UTC

  Rousseff reminds Cartes that Paraguay belongs to Mercosur and is strategic for Brazil

  

  Brazilian president Dilma Rousseff received her peer from Paraguay, Horacio Cartes with full head of state honours but at the same time reminded him that Paraguay is a full member of Mercosur and “bilateral relations are in the context of multilateral relations with all countries of the hemisphere”.

• Wednesday, October 2nd 2013 - 07:54 UTC

  Brazil central bank admits “a lot of work must be done” to bring down inflation

  

  Inflation in Brazil will remain stubbornly high well into 2015 even as the economy struggles to gain steam, the central bank said in its quarterly inflation report. The bank also revised down its estimate for economic growth to 2.5% for this year from a previous 2.7% forecast. The bank sees growth keeping that pace until the second quarter of 2014.

• Wednesday, October 2nd 2013 - 07:51 UTC

  Brazil posts first August primary budget deficit in over ten years

  

  Brazil posted its first primary budget deficit for the month of August in more than a decade, central bank data showed on Monday, pointing to a deterioration in the country's finances that is worrying investors and rating agencies.

• Wednesday, October 2nd 2013 - 07:47 UTC

  German premium automakers dispute Brazilian market: Mercedes plans factory in Sao Paulo

  

  Germany's Daimler plans to build a new car factory in Brazil, becoming the third German premium automaker to announce such plans within the past year. The company announced it would invest around 170 million Euros to set up a shop in Iracemapolis, near Sao Paulo.

• Tuesday, October 1st 2013 - 04:12 UTC

  Has Brazil blown it, asks The Economist; Who bets against Brazil, always loses, replies Dilma

  

  Last week Brazil’s Dilma Rousseff reopened her official twitter, closed since January 2011 when she was inaugurated, but now a year ahead of elections has reappeared with the character “Dilma Bolada”, full of music, colour and satire. “Sou Linda, sou diva, sou Presidenta, Sou Dilma” is the slogan of her Facebook with over half a million fans in just a few days

• Monday, September 30th 2013 - 16:32 UTC

  Paraguay’s Cartes in Brazil to discuss trade, security, cooperation and Mercosur

  

  Paraguay president Horacio Cartes arrived Monday morning to Brazil for a round of talks with President Dilma Rousseff which includes political, economic, energy, trade and security issues, plus the full return of Paraguay to Mercosur, an intricate matter dating back to events of June 2012.

• Monday, September 30th 2013 - 16:29 UTC

  UK minister in Brazil at scientific research and education program signing ceremonies

  

  UK Minister of State for Latin America at the Foreign & Commonwealth Office Hugo Swire is in Porto Alegre, south Brazil where he will attend the signing for a Memorandum of Understanding between the King’s College and the Federal University of Rio Grande do Sul on biological research.

• Saturday, September 28th 2013 - 05:08 UTC

  Petrobras makes ‘beautiful’ discovery and generates a new promising oil province

  

  Brazil's Petrobras and its Indian partners have made a “beautiful” oil discovery off Brazil's northeast coast, Sergipe-Alagoas basin, and it will produce a minimum 100,000 barrels of petroleum a day starting in 2018, the company's CEO said on Friday.

• Saturday, September 28th 2013 - 04:48 UTC

  Rousseff is running for re-election: turns on her twitter after three years of silence

  

  Breaking almost three years of silence from her official Twitter account, Brazilian President Dilma Rousseff on Friday sent a series of tweets joking with a famous parody account and defending Brazil’s economy.