Brazil

• Tuesday, October 23rd 2012 - 07:33 UTC

  Brazil says all Mercosur leaders have to decide lifting Paraguay’s suspension

  

  Brazil said it is hard to see Paraguay rejoining Mercosur and Unasur before next year’s presidential election. The two blocks suspended the landlocked country following the removal of Fernando Lugo last June and replacing him with President Federico Franco.

• Tuesday, October 23rd 2012 - 07:27 UTC

  Brazil will invest 2bn dollars in promoting fishing industry and doubling catches

  

  Brazilian president Dilma Rousseff announced on Monday an ambitious program to boost and make competitive the fishing industry doubling catches for which she promised the government would invest 4.1bn Reais (2bn dollars).

• Tuesday, October 23rd 2012 - 07:14 UTC

  Sao Paulo police arrest former head of bankrupt Brazilian bank

  

  Police in Sao Paulo said on Monday they had arrested the former head of bankrupt Brazilian lender Banco Cruzeiro do Sul on charges of money laundering and crimes against the country's financial system and capital markets.

• Tuesday, October 23rd 2012 - 01:01 UTC

  China’ Sinochem further expands into Brazil’s offshore oil frontier

  

  Brazil's National Petroleum Agency, ANP, approved Chinese oil company Sinochem's purchase of a 10% stake in five offshore blocks as the state-run company continues its expansion into Latin America's hottest oil frontier.

• Tuesday, October 23rd 2012 - 00:49 UTC

  Brazil central bank takes over mid-size bank; seventh bail-out since 2010

  

  Brazil’s central bank took control of Banco BVA SA (BVA), the seventh lender seized or bailed out by regulators since 2010, after finding violations of industry standards and deteriorating finances.

• Tuesday, October 23rd 2012 - 00:40 UTC

  German luxury car maker BMW joins Brazil automobile industry

  

  German carmaker BMW plans to build a factory in southern Brazil, a more than 200 million Euros investment expected to create 1,000 jobs. The luxury car giant hopes to start building the plant in April next year and producing cars in late 2014.

• Monday, October 22nd 2012 - 23:37 UTC

  Brazil purchases high-tech oceanographic research vessel

  

  The Brazilian government announced on Monday that it will invest 162 million Reais (81 million dollars) in the purchase of a high-tech oceanography research vessel.

• Monday, October 22nd 2012 - 04:02 UTC

  Brazilian newspapers abandon Google News on dispute over payment and traffic

  

  Newspapers accounting for 90% of the circulation in Brazil have abandoned Google News. Brazil's National Association of Newspapers says all 154 members had followed its recommendation to ban the search engine aggregator from using their content

• Saturday, October 20th 2012 - 05:44 UTC

  Argentina and Colombia dispute place as second largest South American economy

  

  Argentine Economy minister Hernan Lorenzino struck back at Colombia’s claim that it has overtaken his country to become South America’s second largest economy behind Brazil.

• Saturday, October 20th 2012 - 04:40 UTC

  Middle class Brazil looks itself in a soap opera and breaks audience records

  

  A soap opera which depicts the recent upsurge of Brazil into a consumer society has trapped the country breaking audience records and even forcing President Dilma Rousseff to modify her agenda.