Brazil

Wednesday, October 23rd 2013 - 21:21 UTC
Petrobras with sufficient funds to operate Libra; denies need of fuels price increase

Petrobras has sufficient funds on hand to pay its share of a hefty Brazilian government fee for operations at the Libra offshore “pre-salt” oil field and won't need to request a fuel-price increase to meet the obligation, the company's president Graca Foster said on Wednesday.
Tuesday, October 22nd 2013 - 19:58 UTC
Interpol and Rio 2016 Olympics committee sign agreement to strengthen security

An agreement has been signed by INTERPOL and the Rio 2016 Organizing Committee for the world police body to provide additional support to the Brazilian authorities in ensuring the safety and security of the event.
Tuesday, October 22nd 2013 - 19:38 UTC
Lula da Silva praises protests in Brazil as something 'healthy' for democracy

Former president Lula da Silva described the street protests that have shaken Brazil as something 'good and healthy' and said demands reveal that the Brazilian people have discovered that it is possible to aspire for more, although when as a union leader he marched “I didn't destroy public or private property”.
Tuesday, October 22nd 2013 - 19:32 UTC
Uruguay and Brazil agree Mercosur will make a joint trade proposal to EU next December

Uruguay and Brazil have concluded their proposals to present to the European Union and are waiting for Argentina and Paraguay, in the framework of current negotiations, delayed for years, to reach a free trade and cooperation agreement between the two blocs.
Monday, October 21st 2013 - 23:45 UTC
Brazil and UK intensify scientific research cooperation and exchanges

The British Science and Innovation Network and the Confederation of Brazilian Funding Agencies (Confap) have taken nine funding agencies to the United Kingdom for a week long of meetings with their counterparts and other scientific organizations and universities.
Monday, October 21st 2013 - 21:41 UTC
Brazil auctions 35-year production rights to giant offshore Libra oil area

Brazil sold production rights to develop the giant offshore Libra oil area to a consortium led by Brazilian state-run oil company Petroleo Brasileiro SA in an auction with a single bid on Monday. The auction in Rio do Janeiro took place amid strict security measures with hundreds of police forces clashing with protestors.
Monday, October 21st 2013 - 07:39 UTC
Brazil's development bank to target infrastructure and less on corporations

Brazil will inject less money next year into the country's development bank BNDES, (National economic and social development bank), its leading source of long-term corporate loans, to focus more on infrastructure financing as concerns mount over public debt.
Monday, October 21st 2013 - 05:30 UTC
Brazil confident Paraguay will be returning to Mercosur before the end of the year

Brazil trusts Paraguay will fully return to Mercosur before the end of the year, said Brazil's Executive foreign policy advisor Marco Aurelio Garcia in a Sunday edition interview with the influential Folha de Sao Paulo.
Monday, October 21st 2013 - 05:25 UTC
Brazil will not return Bolivian Senator who is wanted by the government of President Morales

Brazil will not return opposition Senator Roger Pinto to Bolivia, who last August fled the country with the help from Brazilian diplomats, said President Dilma Rousseff advisor on foreign affairs Marco Aurelio Garcia.
Saturday, October 19th 2013 - 18:04 UTC
Rousseff stimuli policies and government intervention in the economy questioned

Brazil's economic debate is heating up after three former central bankers this week criticized the economic policies of President Dilma Rousseff, saying she is making Latin America's biggest economy less efficient and more sluggish.