Brazil

• Thursday, January 17th 2013 - 16:47 UTC

  Brazil expects to tame inflation with the currency and energy rate cuts

  

  The Brazilian currency and energy rate cuts will help tame inflation this year, allowing the Brazilian central bank to keep interest rates at a record low even as growth accelerates, said Treasury Secretary Arno Augustin.

• Thursday, January 17th 2013 - 15:38 UTC

  Atlantic countries concerned with UK presence in Falklands; call for talks with Argentina

  

  Twenty one countries from South America and Africa strongly supported their commitment to keep the South Atlantic free of arms of massive destruction and expressed concern over the British military presence in the Falklands/Malvinas, which are claimed by Argentina.

• Thursday, January 17th 2013 - 14:04 UTC

  Despite inflation risks Brazil keeps interest rates at record low, 7.25%

  

  The Brazilian central bank kept its benchmark interest rate at a record low for the second straight meeting, 7.25%, despite admitting inflation was a short term risk and economic recovery less intense than expected.

• Tuesday, January 15th 2013 - 02:54 UTC

  Brazil insists with fresh election in Venezuela if Chavez dies, according to Reuters

  

  According to a report from Reuters, Brazil is urging Venezuela's government to hold elections as quickly as possible if President Hugo Chavez dies, which in that case would help a smoother leadership transition in Caracas.

• Saturday, January 12th 2013 - 11:57 UTC

  Inflation under control says Brazil, but investors not entirety convinced

  

  Brazilian consumer prices ended 2012 near the top of the central bank's target range for the third year running, prompting concern from economists that the country is stuck in a phase of low growth and high inflation.

• Thursday, January 10th 2013 - 04:03 UTC

  Brazilian hacker publishes sensitive personal data on politicians convicted for corruption

  

  A hacker in Brazil has published sensitive personal data of politicians convicted during a major corruption trial known as the “Mensalao”. Jose Genoino, Jose Dirceu and Delubio Soares have had address, phone numbers, emails and other details exposed.

• Thursday, January 10th 2013 - 03:54 UTC

  Brazilian corporations fearful of Venezuelan situation despite Brasilia support for Maduro

  

  Brazilian corporations with strong interests in Venezuela have expressed concern about the future of the country and its impact on Mercosur if the political transition, because of President Hugo Chavez health condition, does not follow the constitutional process

• Wednesday, January 9th 2013 - 18:30 UTC

  Lula da Silva to be investigated over the vote-buying scheme in Congress

  

  Brazilian prosecutors will likely investigate former President Lula da Silva's alleged involvement in a vote-buying scheme in Congress that led to the conviction of several of his closest aides for corruption, two newspapers reported.

• Tuesday, January 8th 2013 - 20:37 UTC

  Record year for car sales in Brazil, but production was down 1.9% in 2012

  

  Brazil, the world's fourth largest car market, sold a record 3.8 million vehicles last year, according to industry data released this week. Brazil's National Association of Motor Vehicle Manufacturers (ANFAVEA) reported that sales were up 4.6% on the previous year despite a 1.9% drop in production, the first decline since 2002.

• Tuesday, January 8th 2013 - 20:21 UTC

  Corn-seed sales in Brazil, Argentina and Mexico help Monsanto with record earnings

  

  US agricultural giant Monsanto Tuesday posted a large increase in quarterly earnings on strong results in corn seed sales in the US and Latin America and better sales of pesticides. The St Louis-based corporation said net income for the first quarter was 339 million dollars, up from 126 million a year earlier.