Brazil

• Thursday, September 26th 2013 - 06:39 UTC

  Brazilian industry forecasts higher GDP growth this year: 2.4%

  

  The Brazilian industrial federation on Wednesday upped its 2013 growth forecast to 1.4% from 1% and its GDP growth projection from 2% to 2.4%. But, despite the better data, the National Confederation of Industry (CNI) urged caution. “The improved economic outlook is no guarantee of a strong growth rate,” it said.

• Thursday, September 26th 2013 - 06:27 UTC

  Brazil’s “Clean record” bill shows a third of lawmakers have pending bills with Justice

  

  The recently approved Transparency Law has exposed that at least a third of the 594 Brazilian federal lawmakers have pending bills with criminal and administrative courts referred mainly to cases of corruption, which is expected to have an impact in the coming elections of next year when most of Congress will be renewed.

• Thursday, September 26th 2013 - 06:01 UTC

  Brazil’s main manufacturing lobby calls for urgent resumption of trade talks with EU

  

  The powerful manufacturers lobby, Sao Paulo’s Industry Federation, Fiesp believes a free trade agreement between Mercosur and the European Union is very much needed so that Latam’s largest economy climbs out from the “commercial isolation” in which it currently stands.

• Thursday, September 26th 2013 - 05:58 UTC

  Brazil’s development bank ‘overbooked’ needs support from the private sector

  

  The Brazilian state development bank BNDES is “overbooked” and needs the private sector to step up funding in investments, according to bank president Luciano Coutinho. Lending by BNDES and other public banks has increased six times faster than credit by non-state bank this year, as the government tries to fuel economic growth.

• Wednesday, September 25th 2013 - 07:46 UTC

  UK at Amazon biodiversity, sustainability and innovation seminar in Brazil

  

  The year 2013 is a special one for researches in the northern region of Brazil: the Ferreira Penna Scientific Station, research base of the Emílio Goeldi museum and research unit of the Brazilian Ministry of Science and Technology, completes 20 years of existence.

• Wednesday, September 25th 2013 - 05:40 UTC

  Rousseff implicitly accuses the US of breach of international law and calls for UN regulation of internet

  

  Addressing the United Nations General Assembly Brazilian President Dilma Roussef claimed that spying in the lives and affairs of other countries is a breach of international law and urged the United Nations to play a leading role in protecting Internet users from illegal interception of communications and data, and decried recent allegations of electronic information spying as “serious violations of human rights”.

• Tuesday, September 24th 2013 - 08:07 UTC

  Brazil will continue with the 60bn dollar currency intervention program: ‘it’s working adequately’

  

  Brazil’s central bank chief Alexandre Tombini said on Monday policy makers will continue with their 60 billion dollars currency intervention plan, even after the Real rallied more than any other currency in the world as a consequence of the surprise announcement from the US Fed that for the moment it will not taper the bonds’ buying program to stimulate the US economy

• Monday, September 23rd 2013 - 20:56 UTC

  Brazil’ Bovespa implementing changes to update its benchmark Ibovespa

  

  Brazil’s main stock exchange Bovespa is implementing changes to its benchmark Ibovespa stock index, the first since 1968, in an effort to correct recent distortions and better reflect the performance of local shares.

• Monday, September 23rd 2013 - 18:56 UTC

  Brazil insists that Libra oil field auction was a major success

  

  Brazil’s government is planning to give a boost to state-run oil company Petróleo Brasileiro by financing its participation in the October 21 auction of Libra, the country’s largest-ever oil discovery, the O Estado de Sao Paulo newspaper reported over the weekend.

• Monday, September 23rd 2013 - 16:29 UTC

  Brazilian media warns that upgrading or airports is way behind schedule

  

  Delays are plaguing work at airports in seven of the 12 Brazilian cities that will host the World Cup nine months from now, the daily O Globo reported Sunday. Citing a survey by Infraero, the federal airports agency, the paper said the worst delay was in the southern city of Porto Alegre, where work on expanding terminal at a cost of 69 million dollars has not even begun.