Brazil

Monday, March 11th 2013 - 05:32 UTC
Brazil to scrap federal taxes on food staples to lower inflation

Brazil announced it will scrap federal taxes on certain food staples and toiletries, the latest in a series of measures to curb prices after a surprise jump in inflation in February triggered alarm bells.
Thursday, March 7th 2013 - 11:17 UTC
Brazilian military regime supported financially Chilean dictator Pinochet

Recently uncovered government documents reveal that former Chilean dictator Augusto Pinochet received 115 million dollars of support from the Brazilian military government during the 1970s.
Thursday, March 7th 2013 - 06:42 UTC
Cash-short Petrobras shares surge following raise in diesel prices

Brazil’s Petrobras shares surged in Wednesday trading after the company surprised investors with a 5% increase in domestic diesel wholesale prices. The latest increase helps offset investor disappointment with January's lower-than-expected jump in gasoline and diesel prices, which had pushed Petrobras's shares to a seven-year low in recent sessions.
Thursday, March 7th 2013 - 06:39 UTC
Brazil basic rate unchanged at record low 7.25%, but inflation could reverse policy

Brazil’s central bank on Wednesday kept its benchmark rate at a record low 7.25% for the third straight meeting as policy makers seek to prop the anaemic economy which last year only advanced 0.9%.
Thursday, March 7th 2013 - 06:33 UTC
US soy exports with a price edge over Brazil plagued with logistical shipment problems

US farm officials forecast a tough autumn battle between Brazilian and US soybean exports, as Brazil attempts to make up for a poor start to 2012-13, with shipments hurt by logistical hiccups. US Department of Agriculture staff in Brasilia, while cutting their forecast of the Brazilian soybean crop to 82.5m tons, stood by a forecast of soybean exports of 39m tons for 2012-13, report agrimoney.
Thursday, March 7th 2013 - 06:27 UTC
Nine Brazilians join the Forbes list of new billionaires

On the 2013 Forbes World’s Billionaires List, of 1.426 billionaires, there are 210 newcomers from 42 countries. Nine of those newcomers are from Brazil, bringing the total count in that country to 46 billionaires. Three of the newcomers in Brazil are women. According to Forbes the Brazilian newcomers who have joined the Forbes Billionaires ranks in 2013 are:
Tuesday, March 5th 2013 - 05:18 UTC
Brazil’s “competitiveness cliff” and commodities dependency exposed in World Bank report

Brazil is not only the biggest country in Latinamerica but also has the largest economy and expects to play a leading role in the global economy in the near future, however a report from the World Bank is not so enthusiastic and points out to a series of challenges the country must address if it wishes to effectively become a super star.
Monday, March 4th 2013 - 10:18 UTC
Young dancers perform Afro-Brazilian music to the London Royal Opera House

Young dancers performing to Afro-Brazilian music put on an energetic show Saturday to close out an educational visit by representatives from London's Royal Opera House and its Royal Ballet Company.
Monday, March 4th 2013 - 06:48 UTC
Brazil opens naval shipyard to build conventional submarines and eventually a nuclear powered one

Brazil advanced toward its target of joining the small club of nations that have nuclear-powered submarines with the opening of a naval shipyard installation that will build French-designed submarines.
Monday, March 4th 2013 - 05:55 UTC
Brazilian special forces take control of Rio ‘favelas’ close to the airport and seaport

Brazilian security forces seized control of two crime-ridden ‘favelas’ slums near Rio do Janeiro’s international airport and seaport Sunday in a new bid to drive out drug traffickers ahead of the 2014 World Cup and the 2016 summer Olympics.