Brazil

• Wednesday, July 25th 2012 - 20:45 UTC

  Brazil wants WTO to sanction countries that manipulate their currencies

  

  Brazil’s delegate before the World Trade Organization said he was contacting other members of the organization so that sanctions are imposed on those countries which alter artificial money exchange rates that harm emerging countries, according to reports in the financial newspaper Valor Economico.

• Wednesday, July 25th 2012 - 07:53 UTC

  Brazil tax revenue drops 6.55% in June, another symptom of slowing economy

  

  Brazil's federal tax revenues dropped more than expected in June from the same period a year before, as a stubborn economic slowdown hurts corporate profits and prompts the government to grant tax breaks to some industries.

• Wednesday, July 25th 2012 - 07:34 UTC

  GM Brazil shuts complex before tough negotiations with Metalworkers union

  

  General Motors said Tuesday it had suspended output at its complex in Brazil and sent workers home with paid leave ahead of tense talks with unions and government representatives.

• Wednesday, July 25th 2012 - 04:44 UTC

  Brazilian influential newspaper blasts “Dilma’s anti-diplomacy”

  

  Brazil’s influential newspaper O Estado de Sao Paulo blasted Brazilian foreign policy and its handling of the Paraguayan political crisis. In an opinion column under the heading “Dilma’s anti-diplomacy” the newspaper argues that the current administration is politicizing foreign policy, the same way that her predecessor, Lula da Silva.

• Tuesday, July 24th 2012 - 06:40 UTC

  The only ‘coup’ was including Venezuela in Mercosur with Paraguay suspended

  

  Paraguayan president Federico Franco said on Monday that the only coup, if that is the word, was implemented by Mercosur from the moment they left Paraguay out of the decision to incorporate Venezuela as a full member of the group.

• Tuesday, July 24th 2012 - 06:33 UTC

  Latinamerica has 15.100 ultra-rich; Brazil leads with 4.725 and 890 billion dollars

  

  Latinamerica has 15.100 super rich (8% of the world total) according to the latest World Report on the Ultra Rich 2011/12 from Wealth-X. Super rich is defined as a person with net assets over 24.4 million Euros (30 million dollars).

• Tuesday, July 24th 2012 - 06:18 UTC

  Brazil prepares new stimuli measures geared to infrastructure and manufacturing

  

  Brazil's government may ease its primary surplus target next year to create room to carry out additional tax cuts to boost growth, Folha de S. Paulo newspaper reported Monday.

• Tuesday, July 24th 2012 - 01:56 UTC

  Brazil central bank insists inflation under control and growth picks up in second half

  

  The jump in Brazilian consumer prices this month was a temporary reversal and won’t jeopardize the government’s 4.5% inflation target this year, central bank President Alexandre Tombini said on Monday.

• Monday, July 23rd 2012 - 20:31 UTC

  “We need some strong vaccines to accept Venezuela in Mercosur”

  

  The head of the Brazilian Senate and former president Jose Sarney said he had his reservations about the incorporation of Venezuela to Mercosur as full member since the government of Hugo Chavez does not respect democratic rules.

• Monday, July 23rd 2012 - 20:02 UTC

  Sao Paulo benefits from Argentina’s lack of “legal and economic security”

  

  The President of Investe São Paulo -the gateway for companies that intend to settle their operations in the Brazilian state- referred to the ongoing foreign investment boom in the neighbouring country is due in part to the “lack of both legal and economic security that Argentina and its government have.”