Brazil

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.
Saturday, July 14th 2012 - 01:03 UTC
Brazil ready to launch an eight storey “love hotel” for pets

Following in the footsteps of United States, Brazil is all set to open a “love hotel” for pets. The country is home to a 32-million-strong canine population the world's second largest after America.
Saturday, July 14th 2012 - 00:54 UTC
More than 500 penguins found dead of beaches of south Brazil

More than 500 penguins have been found dead on beaches of Brazil's southern Rio Grande do Sul state, authorities said Friday.
Saturday, July 14th 2012 - 00:30 UTC
Top Brazilian entrepreneurs tie-up to develop mining opportunities in Latam and Africa

Brazil's top investment bank Banco BTG Pactual announced a tie-up with Roger Agnelli, former head of mining giant Vale, to invest up to 520 million dollars in Latin America and Africa.
Saturday, July 14th 2012 - 00:26 UTC
Brazil’s 2012/13 soybean crop in place to dispute the US supremacy

Next season, 2012/13 Brazilian soybean growers could be in place to jump from the world's No. 2 producer and dispute the US first place. Brazil's 2012-13 soybean production is expected to rise 25% from this season’s drought-punished, to 83.1 million tons.
Friday, July 13th 2012 - 23:46 UTC
Rousseff pledges to prop the economy but with no EU-style austerity measures

Brazil will not adopt EU-style austerity measures to tackle its economic crisis and will instead cut taxes and maintain social programs, President Dilma Rousseff said on Friday.
Friday, July 13th 2012 - 07:01 UTC
Brazil calls OAS to consider Mercosur and Unasur statements on Paraguay

Brazil considers “important” that the Organization of American States, OAS, takes into consideration the decisions from Mercosur and Unasur relative to the suspension of Paraguay from the two regional groupings.
Thursday, July 12th 2012 - 07:27 UTC
Brazil lowers benchmark rate for eighth straight time to 8%

Brazil’s central bank cut its benchmark interest rate for the eighth straight time and signaled it will continue to lower borrowing costs, as spillover from a global economic slowdown limits inflation risks.
Wednesday, July 11th 2012 - 19:24 UTC
With Venezuela, Mercosur will extend from Patagonia to the Caribbean

Brazilian Foreign minister Antonio Patriota again supported the access of Venezuela as full member of Mercosur and the suspension of Paraguay, which he described as a clear message for all those possible “anti-democratic adventures”.