Brazil

• Monday, July 9th 2012 - 18:54 UTC

  Bad weather threatening crops in farming giants but it’s not like 2008

  

  A second global food price shock is gathering steam as bad weather decimates crops in the farming giants US, Brazil, Argentina, India, Russia, the EU and Australia that feed the world, according to market analysts.

• Monday, July 9th 2012 - 18:32 UTC

  Canadian cowboy plans to ride 16.000 kilometres and reach Brazil in 2014

  

  A Canadian cowboy hopes to join the ranks of the long riders as he rode out of Calgary, Alberta on Sunday for an epic journey to his birthplace in Brazil. Filipe Masetti Leite intends to spend the next two years riding his two horses, “Bruiser” and “Frenchie,” through 12 countries in North, Central and South America.

• Monday, July 9th 2012 - 12:29 UTC

  Brazil plans to become main producer/exporter of iron ore by 2015

  

  Hong Kong's Honbridge Holdings Ltd plans to build a 420-kilometre pipeline to ship iron-ore from a mine in Brazil's Minas Gerais state to a port on the country's Atlantic coast, the Estado de Minas newspaper reported.

• Monday, July 9th 2012 - 06:05 UTC

  Influential Brazilian banker says further weakening of the Real “would be better”

  

  Luciano Coutinho president of Brazil’s state development bank BNDES, said the country has benefited from the recent weakening of its currency and a further drop would be better, according to newspaper Folha de Sao Paulo.

• Monday, July 9th 2012 - 05:59 UTC

  Chavez announces trip to Brazil for Venezuela’s formal admission to Mercosur

  

  President Hugo Chavez said he will be attending at the end of July the coming Mercosur meeting in Brasil when Venezuela will officially become the group’s fifth full member, a decision that has proved controversial and exposed differences inside the Common Market of the South.

• Monday, July 9th 2012 - 05:51 UTC

  Brazilian Air Force delays for another six months bidding for huge contract

  

  Brazilian Air Force has asked bidders to renew their offers on a contract to provide 36 next-generation fighter jets, extending for six months a race between US, French and Swedish contestants.

• Saturday, July 7th 2012 - 05:27 UTC

  Brazil June inflation lowest in two years helped with temporary tax breaks

  

  Brazil’s inflation slowed to its lowest in almost two years on temporary tax breaks for autos, paving the way for more interest rate cuts as the government tries to revive economic growth.

• Saturday, July 7th 2012 - 01:18 UTC

  Faulty sensors and inadequate pilot training caused Air France Flight 447 tragedy

  

  French investigators say faulty sensors and inadequate pilot training caused Air France's Rio-to-Paris 447 flight to crash into the Atlantic in 2009. Their final report caps a bitter row between the airline and Airbus.

• Friday, July 6th 2012 - 07:32 UTC

  Mexican president elect Peña Nieto wants a strategic alliance with Brazil

  

  Mexican president-elect Enrique Peña Nieto said in an interview that his administration will step up efforts in South America to repair the country’s image, including seeking a strategic alliance with Brazil.

• Friday, July 6th 2012 - 01:48 UTC

  Brazil’s use of installed industrial capacity falls for a fourth consecutive month

  

  Brazil's use of installed industrial capacity fell for a fourth consecutive month in May, alongside a decline in industrial sales during the period, Brazil's National Confederation of Industries, or CNI, said Thursday.