Brazil

Wednesday, August 8th 2012 - 07:00 UTC
Patagonia province delegation promotes fishery produce sales in Brazil

A delegation from the Argentine Patagonian province of Chubut fishing industry is on a business round of Brazil and the first city to visit was Florianópolis. The group led by Chubut governor Martin Buzzi is also scheduled to visit Sao Paulo and Brasilia.
Wednesday, August 8th 2012 - 06:47 UTC
Poll shows deeper interest rates cuts expected from the Brazilian central bank

Weak economic growth will likely prompt Brazil's central bank to cut interest rates deeper than previously expected this year, a weekly central bank survey of economists showed on Monday.
Wednesday, August 8th 2012 - 06:37 UTC
Brazil begins major military exercise to test security along its southern borders

Brazilian Armed Forces began this week a major deployment along the borders of Uruguay, Argentina, Paraguay and Bolivia involving 9.000 troops from the three services with the purpose of testing border security against smugglers mainly of arms and drugs and organized crime, said the Ministry of Defence.
Tuesday, August 7th 2012 - 20:14 UTC
Mercosur has only benefited Brazil in the last ten years with a surplus of 36.8bn

Brazil is the only country that in the last ten years has benefited from Mercosur with an intra-zone trade surplus of 36.8 billion dollars while the other three full members, Argentina, Uruguay and Paraguay have accumulated huge deficits in the same period, according to Argentine economist Orlando Ferreres a regular columnist from La Nacion with graduate studies in Harvard.
Monday, August 6th 2012 - 08:14 UTC
Lugo going to appeal before the Inter American Court his removal from office

Fernando Lugo said he would appeal to the Inter American Court the whole political impeachment process in the Senate that ended with his removal from the Paraguayan presidency in less than 48 hours and with little chance of a defence.
Monday, August 6th 2012 - 08:07 UTC
Ex-president says inclusion of Venezuela in Mercosur is “favourable for Uruguay”

Former president Jorge Batlle (2000/2005) said that the inclusion of Venezuela in Mercosur “is favourable for Uruguay” but at the same time insisted it was “wrongly done” for not having taken into account Paraguay’s opposition currently suspended as member of the regional block.
Monday, August 6th 2012 - 07:29 UTC
Petrobras posts loss in second quarter; blames depreciation of the Real

Brazil state-controlled oil company Petrobras reported a net loss of 1.35 billion Reais (some 633 million dollars at the current exchange rate) in the second quarter, attributing the result to the depreciation of the Real relative to the dollar.
Saturday, August 4th 2012 - 03:14 UTC
Venezuela accession to Mercosur “by the back door”, according to The Economist

Under the heading of “In by the back door” referred to the expansion of Mercosur, The Economist says “bringing Venezuela certainly was smart, in the sense of cunning rather than wise”, but it was done ignoring the block’s rules which call for unanimity in admitting new members.
Saturday, August 4th 2012 - 02:18 UTC
Paraguayan senators challenge Chavez version of attempted bribes to favour Venezuela

An international controversy has surfaced between President Hugo Chavez and Paraguayan senators as to who really tried to bribe whom regarding failed attempts to have Venezuela incorporated to Mercosur.
Friday, August 3rd 2012 - 22:34 UTC
Brazilians trust in future of their country, their jobs and President Rousseff

President Dilma Rousseff continues to enjoy high popularity as Brazilian consumers sound very optimistic about the future of their country and trust they can hold on to their jobs despite the recent economic slowdown.