Brazil

• Saturday, April 20th 2013 - 05:56 UTC

  Brazil slams US and Europe for delaying promised reforms in the IMF

  

  Brazil’s Finance Minister Guido Mantega slammed the United States and Europe for repeatedly delaying reforms of their dominated shareholding and voting power in the International Monetary Fund (IMF).

• Thursday, April 18th 2013 - 16:51 UTC

  Brazil increases benchmark rate to fight inflation, but markets feel it’s not enough

  

  Brazil’s central bank on Wednesday raised its benchmark rate for the first time since July 2011 as policy makers seek to slow inflation levels. The bank’s board, led by President Alexandre Tombini, voted 6-to-2 to increase the Selic rate 25 basis points to 7.50% from a record low.

• Thursday, April 18th 2013 - 10:19 UTC

  Urgent meeting of Unasur in Lima to express support for Venezuela’s Maduro

  

  Argentine President Cristina Fernández will travel to Lima for a UNASUR meeting on Thursday in which regional countries are expected to express their support for the elections results in Venezuela and President elect Nicolas Maduro.

• Wednesday, April 17th 2013 - 01:59 UTC

  IMF estimates Argentine economy will expand 2.8% this year and 3.5% in 2014

  

  The IMF estimates the Argentine economy is to grow by 2.8 % this year, exceeding estimations by private-sector analysts but below the 4% average set by the country’s forecasted budget. IMF 2014 projections for Argentina reach 3.5 % with renewed inflation and trade restrictions’ claims.

• Tuesday, April 16th 2013 - 05:55 UTC

  ‘The Argentine joke’ and Cristina Fernandez as Pinocchio, headlines of Brazil’s influential magazine Veja

  

  One of Brazil’s most influential magazines and with the largest circulation, Veja, included a controversial piece which questions Argentina’s economic and social statistics than come under the responsibility of the non less famous Indec.

• Saturday, April 13th 2013 - 05:36 UTC

  Brazil determined to lower inflation; Central bank could raise Selic rate at next meeting

  

  Brazil's top two economic policymakers warned on Friday that high inflation will not be tolerated. Central bank chief Alexandre Tombini and Finance Minister Guido Mantega said at separate events the government will not hesitate in taking measures to combat high inflation.

• Saturday, April 13th 2013 - 05:29 UTC

  President Rousseff pledges to double Brazilian per capita income by 2022

  

  Brazilian President Dilma Rousseff said on Friday that the government intends to double per capita income by 2022, when Brazil celebrates 200 years of independence from Portugal.

• Friday, April 12th 2013 - 06:06 UTC

  Brazil calls emergency meeting to address massive influx of illegal immigrants

  

  The Brazilian government called this week an emergency meeting to discuss measures to curb the influx of hundreds of illegal immigrants along its northern border.

• Friday, April 12th 2013 - 05:59 UTC

  Brazil and the US upgrading diplomatic ties and thinking in more bilateral trade

  

  President Dilma Rousseff will make the first formal state visit by a Brazilian leader to the United States in nearly two decades, according to Reuters’ news agency. The trip allegedly will occur later this year likely in October, officials said on condition of anonymity because the White House has not yet announced the visit.

• Wednesday, April 10th 2013 - 07:33 UTC

  Petrobras calls for clear rules to foster investment in shale production development

  

  Brazil’s oil and gas Petrobras said Argentina needs clear rules to foster investments if it wants to develop its unconventional oil and gas resources.