Brazil

• Monday, April 22nd 2013 - 07:49 UTC

  Cartes invites the opposition to work with him and sends message to Brazil

  

  In his victory speech Paraguay president-elect Horacio Cartes said he expects to win the confidence of all the Paraguayan population and called on the opposition to work for the good of the nation. He also had a direct reference to the neighbouring giant saying he wanted to work with Brazil, a ‘brother-country’.

• Saturday, April 20th 2013 - 06:13 UTC

  Brazil planning a 10% tax on revenue from nuclear power operations

  

  Brazil’s electricity producing nuclear plants, under the umbrella of Eletronuclear may face a 10% tax on revenue from its nuclear power operations as the country prepares to expand arrangements that target profits from oil and gas and its distribution among local governments.

• Saturday, April 20th 2013 - 06:08 UTC

  Embraer-Augusta Westland project to build helicopters in Brazil falls through

  

  Brazilian plane maker Embraer SA said on Friday that it ended talks with AgustaWestland, a subsidiary of Italy's Finmeccanica, without reaching an agreement to form a joint venture.

• Saturday, April 20th 2013 - 05:56 UTC

  Brazil slams US and Europe for delaying promised reforms in the IMF

  

  Brazil’s Finance Minister Guido Mantega slammed the United States and Europe for repeatedly delaying reforms of their dominated shareholding and voting power in the International Monetary Fund (IMF).

• Thursday, April 18th 2013 - 16:51 UTC

  Brazil increases benchmark rate to fight inflation, but markets feel it’s not enough

  

  Brazil’s central bank on Wednesday raised its benchmark rate for the first time since July 2011 as policy makers seek to slow inflation levels. The bank’s board, led by President Alexandre Tombini, voted 6-to-2 to increase the Selic rate 25 basis points to 7.50% from a record low.

• Thursday, April 18th 2013 - 10:19 UTC

  Urgent meeting of Unasur in Lima to express support for Venezuela’s Maduro

  

  Argentine President Cristina Fernández will travel to Lima for a UNASUR meeting on Thursday in which regional countries are expected to express their support for the elections results in Venezuela and President elect Nicolas Maduro.

• Wednesday, April 17th 2013 - 01:59 UTC

  IMF estimates Argentine economy will expand 2.8% this year and 3.5% in 2014

  

  The IMF estimates the Argentine economy is to grow by 2.8 % this year, exceeding estimations by private-sector analysts but below the 4% average set by the country’s forecasted budget. IMF 2014 projections for Argentina reach 3.5 % with renewed inflation and trade restrictions’ claims.

• Tuesday, April 16th 2013 - 05:55 UTC

  ‘The Argentine joke’ and Cristina Fernandez as Pinocchio, headlines of Brazil’s influential magazine Veja

  

  One of Brazil’s most influential magazines and with the largest circulation, Veja, included a controversial piece which questions Argentina’s economic and social statistics than come under the responsibility of the non less famous Indec.

• Saturday, April 13th 2013 - 05:36 UTC

  Brazil determined to lower inflation; Central bank could raise Selic rate at next meeting

  

  Brazil's top two economic policymakers warned on Friday that high inflation will not be tolerated. Central bank chief Alexandre Tombini and Finance Minister Guido Mantega said at separate events the government will not hesitate in taking measures to combat high inflation.

• Saturday, April 13th 2013 - 05:29 UTC

  President Rousseff pledges to double Brazilian per capita income by 2022

  

  Brazilian President Dilma Rousseff said on Friday that the government intends to double per capita income by 2022, when Brazil celebrates 200 years of independence from Portugal.