Brazil

• Tuesday, October 23rd 2012 - 00:49 UTC

  Brazil central bank takes over mid-size bank; seventh bail-out since 2010

  

  Brazil’s central bank took control of Banco BVA SA (BVA), the seventh lender seized or bailed out by regulators since 2010, after finding violations of industry standards and deteriorating finances.

• Tuesday, October 23rd 2012 - 00:40 UTC

  German luxury car maker BMW joins Brazil automobile industry

  

  German carmaker BMW plans to build a factory in southern Brazil, a more than 200 million Euros investment expected to create 1,000 jobs. The luxury car giant hopes to start building the plant in April next year and producing cars in late 2014.

• Monday, October 22nd 2012 - 23:37 UTC

  Brazil purchases high-tech oceanographic research vessel

  

  The Brazilian government announced on Monday that it will invest 162 million Reais (81 million dollars) in the purchase of a high-tech oceanography research vessel.

• Monday, October 22nd 2012 - 04:02 UTC

  Brazilian newspapers abandon Google News on dispute over payment and traffic

  

  Newspapers accounting for 90% of the circulation in Brazil have abandoned Google News. Brazil's National Association of Newspapers says all 154 members had followed its recommendation to ban the search engine aggregator from using their content

• Saturday, October 20th 2012 - 05:44 UTC

  Argentina and Colombia dispute place as second largest South American economy

  

  Argentine Economy minister Hernan Lorenzino struck back at Colombia’s claim that it has overtaken his country to become South America’s second largest economy behind Brazil.

• Saturday, October 20th 2012 - 04:40 UTC

  Middle class Brazil looks itself in a soap opera and breaks audience records

  

  A soap opera which depicts the recent upsurge of Brazil into a consumer society has trapped the country breaking audience records and even forcing President Dilma Rousseff to modify her agenda.

• Friday, October 19th 2012 - 05:25 UTC

  Strong message from Lula da Silva to victorious Chavez: prepare your succession

  

  Former Brazilian President Lula da Silva said he believes it is time for Venezuelan leader Hugo Chavez, recently re-elected for another six years, “to begin preparing his succession”

• Thursday, October 18th 2012 - 15:56 UTC

  Brazil plans to double natural gas output by 2020; 21 new rigs in 2018

  

  Brazil natural gas output could nearly double by 2020, reaching up to 120 million cubic-meters a day, as Latin America's largest economy increases the number of offshore platforms to take advantage of huge deep-sea oil reserves, the general director of the National Petroleum Authority, ANP, said this week.

• Thursday, October 18th 2012 - 10:41 UTC

  Brazil-FAO sign agreement for cotton expertise transfer to small farmers in Africa

  

  A 20 million dollars agreement signed Wednesday by the United Nations and Brazil will seek to transfer the expertise of the South American country to support cotton farmers in developing economies.

• Thursday, October 18th 2012 - 10:33 UTC

  Monsanto suspends collection of royalties in Brazil following state court ruling

  

  Monsanto, the world’s biggest seed company, suspended collection of royalties for its Roundup Ready soybeans in Brazil while it appeals a state court ruling on intellectual property rights.