Brazil

Monday, May 27th 2013 - 02:41 UTC
Brazil cancels 900 million dollars of African countries debt

Brazil has announced that it will cancel or restructure almost 900m dollars worth of debt with Africa. Oil- and gas-rich Congo-Brazzaville, Tanzania and Zambia are among the 12 African countries to benefit. The move is seen as an effort to boost economic ties between the world's seventh largest economy and the African continent.
Monday, May 27th 2013 - 01:49 UTC
Paraguay demands respect from Mercosur, “if not leave us as we are”

The Argentine ambassador to Uruguay, Dante Dovena, assured that authorities are “working intensely” in preparations for the next Mercosur summit scheduled to take place on June 28th in Montevideo. However news form Paraguay doesn’t indicate the same optimism and are demanding respect for ‘the country’s dignity and rule of the law”.
Saturday, May 25th 2013 - 05:11 UTC
Brazil’s employment rate remains stable but job creation slowed in recent months

Brazil's jobless rate rose slightly in April for the fourth straight month but remained near record lows, suggesting that tight labour conditions bolstered a gradual recovery and fed into inflation, statistics agency IBGE said this week.
Friday, May 24th 2013 - 07:30 UTC
Brazil’s Rousseff one of the main speakers at the African Union 50 year celebration

Brazilian president Dilma Rousseff will be attending next Saturday in Ethiopia the fiftieth celebration of the African Unions Organization that preceded the African Union, (AU) and will be one of the main speakers on the opening day.
Friday, May 24th 2013 - 06:38 UTC
Petrobras will continue to operate in Argentina but may sell some assets

Brazilian state-controlled energy giant Petrobras plans to continue operating in Argentina although it may sell some assets there, CEO Maria da Graças Foster said.
Friday, May 24th 2013 - 06:25 UTC
Argentina and Brazil jointly developing satellites for South Atlantic research

Argentina and Brazil will be launching their first two jointly developed scientific satellites for research along the Atlantic coast in a couple of years, according to Brazil’s Science and Technology minister Antonio Raupp.
Friday, May 24th 2013 - 06:17 UTC
Drug trafficker in Rio challenge authorities and the pacifying campaign in favelas

Drug traffickers in Rio de Janeiro ordered shops closed in one of its biggest slums, defying efforts to restore order to the city's vast shantytowns and renewing safety concerns in Brazil as it prepares to host the World Cup and Olympics.
Thursday, May 23rd 2013 - 19:23 UTC
Brazil freezes budget outlays in an effort to meet its primary surplus target

Brazil has frozen 28 billion Reais (approx 13.7 billion dollars) in its 2013 budget as it tries to meet its primary surplus target, Finance Minister Guido Mantega said on Thursday in Brasilia. President Dilma Rousseff’s administration is trying to meet targeted primary surplus goal of 155.9 billion Reais without undermining economic growth.
Wednesday, May 22nd 2013 - 23:03 UTC
US airline closes 4bn dollars deal with Brazil’s Embraer for 40 commuter aircraft

United Airlines partner SkyWest Inc. agreed to buy more than 4 billion dollars of Brazil’s Embraer jets as new pilot contracts at the largest carriers allow commuter operators to fly bigger planes.
Wednesday, May 22nd 2013 - 17:47 UTC
Merkel and Brazil’s Rousseff the most powerful women in the world, according to Forbes

German Chancellor Angela Merkel topped Forbes's list of the world's most powerful women for the third consecutive year, followed by Brazil's Dilma Rousseff, the magazine said on Wednesday. Cristina Fernandez from Argentina dropped ten places and now stands in position 26.