Brazil

• Thursday, November 24th 2011 - 14:50 UTC

  Brazil prepared to lower rates to prop the economy, said President Rousseff

  

  Markets expect Brazilian policy makers will accelerate the pace of interest rate cuts after President Dilma Rousseff said at an event in Brasilia on Wednesday that the country can and is prepared “to use monetary policy” to combat the effects of Europe’s debt crisis.

• Wednesday, November 23rd 2011 - 23:04 UTC

  Brazil suspends Chevron drilling rights until it clarifies the recent oil spill

  

  Brazil's National Oil Regulator (ANP) said on Wednesday that it is suspending the drilling rights of US oil major Chevron in national territory until it clarifies conditions of the recent oil spill in its Frade field.

• Wednesday, November 23rd 2011 - 20:37 UTC

  Brazil expects a flat third quarter but a strong recovery by end of the year

  

  The performance of the Brazilian economy during the third quarter “could very well be flat” according to Nelson Barbosa the second most important man behind Guido Mantega in the Finance ministry.

• Wednesday, November 23rd 2011 - 20:23 UTC

  Weaker currency helps Brazil recover strong trade surplus

  

  Brazil posted a trade surplus of 2.355 billion dollars in October, beating forecasts for a third straight month, outpacing imports in the final days of the month following a recovery in global commodities prices.

• Wednesday, November 23rd 2011 - 20:07 UTC

  Brazil’s Marfrig deeper in the red but beef division manages turnaround

  

  A slump the Brazilian currency Real landed Marfrig deeper in the red despite an improved operating result, lifted by takeovers and better tailoring its beef operations to a shortage of cattle.

• Wednesday, November 23rd 2011 - 06:25 UTC

  Head of Spain’s main banking group meets with Brazilian president

  

  The president of Spain’s banking group Santander Emilio Botin described Brazil as “a very interesting market for Spain” following a meeting with Brazilian president Dilma Rousseff.

• Tuesday, November 22nd 2011 - 22:00 UTC

  Brazil makes official support for Uruguay in ‘fiscal haven’ controversy with G20

  

  Brazil’s Foreign Affairs minister Antonio Patriota said Brasilia supports Uruguay in its controversy with France following President Nicholas Sarkozy claim, at the recent G20 summit, that Uruguay was a ‘fiscal haven’.

• Tuesday, November 22nd 2011 - 00:40 UTC

  Brazil imposes maximum fine on Chevron for oil spill, but more sanctions in the pipeline

  

  Brazil’s environmental agency said on Monday it will fine US Chevron 50 million Reais, nearly 28 million dollars, for a continuing oil spill off the coast of Rio de Janeiro and the company could face several more similar fines in the coming days.

• Monday, November 21st 2011 - 23:55 UTC

  UK praises Overseas Territories for sponsoring measures to protect seabirds

  

  Foreign Office Minister Henry Bellingham has welcomed the UK Overseas Territories important role in agreeing new measures to protect seabirds.

• Monday, November 21st 2011 - 09:56 UTC

  Paraguayan lawmakers accuse Brazil of ‘provocative military intimidation’

  

  Paraguayan members from the Mercosur Parliament, Parlasur made a public statement to complain the ‘intimidating Brazilian military display’ with armoured vehicles and heavy equipment along the border particularly across from the Ciudad del Este which is ‘contrary to international agreements and the Mercosur spirit’.