Brazil

Friday, November 2nd 2012 - 06:42 UTC
Brazil tax-incentives for foreigners to develop local debt markets and finance ‘investment projects’

Brazil granted a tax exemption to foreigners who buy mortgage-backed securities or invest in funds that purchase them after sales of new debt supported by real estate loans fell almost 50% this year.
Thursday, November 1st 2012 - 16:29 UTC
September industrial production down 1% in Brazil; 12.4% in nine months

Industrial production in Brazil contracted more than expected in September. According to a release from the government stats office IBGE output from Brazilian factories and mines shrank 1% in September from August on a seasonally adjusted basis.
Thursday, November 1st 2012 - 07:10 UTC
Brazilian minister in Caracas to discuss Venezuela’s Mercosur adaptation process

Brazilian foreign minister Antonio Patriota is scheduled to meet on Thursday with his Venezuela peer Nicolas Maduro to discuss a bilateral and regional agenda which is expected to emphasize on current issues related to Mercosur, the coming December summit and Paraguay’s situation.
Wednesday, October 31st 2012 - 20:51 UTC
India/Brazil with highest government debt/GDP ratios among leading emerging economies

India and Brazil have the highest government debt ratios at almost 70% of GDP among top ten emerging market economies, according to a report by Deutsche Bank.
Wednesday, October 31st 2012 - 20:44 UTC
Brazil’s primary budget surplus rapidly narrowing but Central bank confident target is within reach

Brazil's primary budget surplus narrowed in September, distancing the government from its full-year surplus target, but the central bank said that target is still within reach. The accumulated primary surplus of January through September narrowed to 75.8 billion Brazilian Reais (37.3 billion dollars) from 104.6 billion Reais in the same period a year earlier.
Tuesday, October 30th 2012 - 07:11 UTC
Petrobras confirms: no fuel price increases in the immediate future

Municipal elections are over and the Brazilian government had a good performance at the polls having recovered among others the City of Sao Paulo, but contrary to investors’ expectations, the country’s oil and gas corporation Petrobras will not be hiking gasoline prices in the immediate future.
Monday, October 29th 2012 - 14:16 UTC
Mercosur and EU committed to continue advancing in trade and political talks

The Brazilian Foreign ministry revealed in a brief release that during October discussions between Mercosur and the European Union representatives both sides “confirmed their commitment to advance negotiations to achieve a wide ranging, balanced and ambitious agreement”.
Monday, October 29th 2012 - 12:26 UTC
With the charisma of Lula da Silva, Brazilian ruling party takes control of Sao Paulo city

Fernando Haddad of Brazil’s ruling Workers Party, a protégé of ex-president Lula da Silva, won Sao Paulo’s mayoral runoff election, according to official results. With 92% of ballots counted, Haddad had secured 56% to defeat his opposition rival and former presidential candidate Jose Serra of the Brazilian Social Democratic Party who received 43.9%.
Friday, October 26th 2012 - 21:20 UTC
Vulnerable Brazil: 53 million people in 11 states in the dark for over four hours

A massive blackout left as many as 53 million Brazilians in the dark late Thursday and early Friday, the latest in a string of energy shortages that have raised questions about whether Brazil's infrastructure is keeping pace with economic growth.
Friday, October 26th 2012 - 00:57 UTC
Brazil renews tax cuts for local carmakers until 2013 to help industry and jobs

Brazil will renew tax cuts for local carmakers through the end of the year, President Dilma Rousseff announced this week, extending a key economic stimulus measure to help recovery in Latin America's largest economy.