Brazil

Thursday, June 6th 2013 - 22:33 UTC
Argentina’s energy imports soar 47% during April propped by gas purchases

Argentina’s energy imports during April soared 47.6% over a year ago reported the government mainly because of massive natural gas purchases for the coming winter. The bill in April climbed to 733 million dollars from 384 million a year ago, while Enarsa the government corporation that has the monopoly of LNG imports spent 438 million this year and 259 million in April 2012.
Thursday, June 6th 2013 - 22:25 UTC
Brazilian industry demands Mercosur looks for new markets or will end ‘isolated’

The powerful Brazilian National Confederation of Industry, CNI said that the country and its Mercosur partners will end ‘isolated’ if they don’t actively look for alternative trade accords, as is being done by other Latam countries.
Thursday, June 6th 2013 - 06:30 UTC
Two continents’ police bust ring that shipped cocaine hidden in frozen fish to Spain

Brazilian authorities said they had smashed a ring of narco-traffickers said to have shipped drugs hidden in frozen fish to Europe. Eleven members of the drug and money laundering network, based in Brazil and with connections in Colombia, Portugal and Spain were arrested between last Friday and Tuesday and 5 million dollars worth of goods seized, prosecutors said.
Thursday, June 6th 2013 - 06:06 UTC
Brazil signs bill expanding private sector participation in the clogged ports

Brazilian President Dilma Rousseff signed into law on Wednesday new regulations to make its ports more efficient and attract up to 12 billion dollars in investments as the country finally begins to tackle logistics bottlenecks hampering vast farm exports.
Wednesday, June 5th 2013 - 22:11 UTC
Argentina seizes Brazilian cargo railway concession arguing non compliance with contract conditions

Argentina expropriated a cargo railway concession from Brazil’s All America Latina Logistica, ALL, and a tourist train concession, citing non-compliance with contractual agreements. ALL operated the railways between Mendoza province and the Rosario port as well as the railway between Misiones province and the Buenos Aires port since 1999.
Wednesday, June 5th 2013 - 22:06 UTC
Brazil boosts agriculture budget by 18% to speed expansion of storage capacity

The Brazilian government announced that it is increasing the farm budget, including funds for subsidized loans by 18% to 136 billion Reais (approx 68 billion-dollars) mainly for improving the country’s insufficient storage capacity and new silos.
Wednesday, June 5th 2013 - 21:08 UTC
Russia temporary bans beef and poultry imports from three Brazil Marfrig plants

The Russian veterinary and phytosanitary service, Rosselkhoznadzor, temporarily suspended imports from two Brazilian beef slaughterhouses and one poultry processing facility on May 17, citing detection of listeria in shipments, according to processors involved.
Wednesday, June 5th 2013 - 08:16 UTC
Fearing lesser global liquidity, Brazil eliminates tax on foreign capital inflows

Brazil will scrap a tax on foreign investments in local debt, a surprise move that could help stop a sharp depreciation of the country's currency which lost 7.6% in the past three months and that threatens to stoke already high inflation in Latin America's largest economy.
Wednesday, June 5th 2013 - 07:46 UTC
Brazil indigenous peoples clash with farmers and dams builders: demand respect for ancestral lands

Lawmakers from the Brazilian farm state of Mato Grosso do Sul asked President Dilma Rousseff's government to send troops to end land invasions by Indigenous people claiming their ancestral territory.
Tuesday, June 4th 2013 - 05:05 UTC
Brazil provides billions to fund renewable-power and bio-fuel technology

Brazil will pour 6.1 billion Reais (2.85 billion dollar) to fund renewable-power and bio-fuel technology research, accelerating its efforts to modernize its energy industry and shift away from a commodity-export based economy.