Brazil

• Friday, July 20th 2012 - 08:07 UTC

  Argentina announces development of huge potassium deposits with Brazil

  

  President Cristina Fernández announced on Thursday the development of a mining project between Neuquén, Mendoza and Río Negro provinces which will led by Brazilian company Vale, and is expected to become the largest potassium mining site in the world.

• Friday, July 20th 2012 - 07:48 UTC

  Brazilian police arrest land owners and gunmen who killed indigenous chief

  

  Police in Brazil have arrested 18 people in connection with the killing of an indigenous leader last November. Gunmen shot Nisio Gomes in Mato Grosso do Sul and took away his body, which is still missing.

• Friday, July 20th 2012 - 00:00 UTC

  Brazil’s development bank speeding disbursements for infrastructure projects

  

  Lending by Brazil’s state development bank BNDES unexpectedly rose in the first five months of the year, led by disbursements to infrastructure projects, in an encouraging sign of investment recovery in Latin America's largest economy.

• Thursday, July 19th 2012 - 07:52 UTC

  Mercosur ratifies before review tribunal decision to suspend Paraguay

  

  Mercosur full members Argentina, Brazil and Uruguay are insisting with their decision to sanction the Paraguayan government following the impeachment and removal of former president Fernando Lugo

• Wednesday, July 18th 2012 - 09:30 UTC

  Mercosur tribunal will rule on Paraguay’s appeal questioning suspension

  

  Mercosur Review Standing Tribunal admitted the demand presented by the government of President Federico Franco against the suspension of Paraguay and thus object the incorporation of Venenzuela as full member of the regional block

• Wednesday, July 18th 2012 - 08:58 UTC

  Brazil’s nominee for securities regulator chosen from the private sector

  

  Leonardo Gomes Pereira, the chief financial officer of Brazilian airline Gol Linhas Aereas was nominated on Tuesday to head the country's securities regulator, in an unexpected pick outside the institution. Finance Minister Guido Mantega nominated Pereira to head the regulator, the CVM, the ministry said in a statement.

• Wednesday, July 18th 2012 - 08:46 UTC

  Penguins washed up along south Brazil died of natural causes, say scientists

  

  Researchers at the Brazilian Center for Coastal Studies at the Federal University of Rio Grande do Sul in southern Brazil believe that 745 penguins found washed up along the state's coastline since June 15 have died of natural causes.

• Tuesday, July 17th 2012 - 04:39 UTC

  Brazilian auto workers begin protests fearing loss of jobs as investment is down

  

  A Brazilian union carried out a 24-hour strike at a General Motors Co factory on Monday to protest dwindling output on an assembly line where workers fear for the future of 1.500 jobs.

• Monday, July 16th 2012 - 19:19 UTC

  Brazil loosing influence in South America to Venezuela, claims former president

  

  Former Brazilian president Fernando Enrique Cardoso said that his country is rapidly loosing influence in South America to Venezuela, following on remarks about the suspension of Paraguay from Mercosur.

• Monday, July 16th 2012 - 03:05 UTC

  Mercosur reduced to a group “of bear-hugging and kissing compañeros”

  

  The influential British business and politics magazine The Economist anticipates that following the latest decisions by Mercosur, the South American group has little if any future. The Economist argues that the mounting protectionism and the rule-breaking admission of Venezuela have fatally undermined a once-promising trade block.