Brazil

• Monday, June 4th 2012 - 06:22 UTC

  Major GM soy legal feud between Monsanto and five million Brazilian farmers

  

  Illegally smuggled into Brazil 14 years ago, transgenic soy has proved a boon to domestic farmers and now accounts for 85 percent of total production. But five million Brazilian farmers are now locked in a legal feud with US biotech giant Monsanto, the GM soy seed manufacturer, and are refusing to pay crop royalties.

• Monday, June 4th 2012 - 03:22 UTC

  Latin America holds 42% of the world’s agriculture expansion potential

  

  Latin America is one of the few regions of the world where agriculture production can expand since it holds 42% of that potential globally, said Victor M. Villalobos Director General of the Inter American Institute for the Cooperation on Agriculture, IICA.

• Saturday, June 2nd 2012 - 04:16 UTC

  Brazil expands 0.2% in first quarter; stimuli measures still have to impact, says Mantega

  

  Brazil's economy barely expanded in the first quarter as frustrated business leaders cut back on investments, casting new doubt on the health of emerging markets.

• Saturday, June 2nd 2012 - 03:57 UTC

  Lula da Silva back in race if President Dilma Rousseff does not try re-election

  

  Brazil's former President Lula da Silva admitted during a television interview that he will be presidential candidate in the 2014 elections if current Head of State Dilma Rousseff does not run for re-election.

• Friday, June 1st 2012 - 17:29 UTC

  Brazilian industrial output contracted for a second straight month in April

  

  Brazil’s industrial output unexpectedly contracted for a second straight month in April even as the government steps up measures to boost economic growth.

• Friday, June 1st 2012 - 07:03 UTC

  Brazil’s former Central bank president named head of Lazard Americas

  

  Lazard Ltd. announced this week the appointment of Henrique Meirelles as Chairman, Lazard Americas, effective immediately. Meirelles was former President of the Central Bank of Brazil.

• Friday, June 1st 2012 - 06:57 UTC

  Jaguar-Land Rover follows BMW puts plans to build a plant in Brazil on hold

  

  Jaguar Land Rover, the luxury car unit of India's Tata Motors has followed Germany's BMW AG in suspending plans to build a new plant in Brazil as tax changes and slowing growth have given premium auto makers cold feet about investing in a potentially lucrative market.

• Friday, June 1st 2012 - 06:37 UTC

  Discreet Brazilian congress: with no claimants panties are finally incinerated

  

  A pair of panties that fell out of a Brazilian legislator's pocket onto the floor of Congress two weeks ago has been burned after no one claimed them. Fifteen days ago, a group of federal deputies came running into Congress to vote on a bill related to cyber crimes, reported Brazilian newspaper O Globo.

• Friday, June 1st 2012 - 06:35 UTC

  Greater transparency and social communication for Brazil’s central bank

  

  Brazil’s central bank created a post on its board to improve transparency and communications two weeks after President Alexandre Tombini said it’s increasingly important for central banks to provide “forward guidance” to the market.

• Thursday, May 31st 2012 - 05:46 UTC

  Brazil cuts interest rate for the seventh time to a record low of 8.50%

  

  Brazil's central bank cut interest rates on Wednesday for the seventh straight time to a record low 8.50%, moving into uncharted territory in a bid to shield a fragile recovery from a gloomy global outlook.