Brazil

Tuesday, October 9th 2012 - 04:11 UTC
Brazil strongly supports Argentina Falklands’ claim at defence ministers’ summit

Brazil came out strongly in support of Argentina’s sovereignty claims over the Falklands/Malvinas Islands and criticized British military exercises in the Islands during his speech on Monday to the Americas Defence ministers’ conference taking place in Punta del Este, Uruguay.
Tuesday, October 9th 2012 - 04:07 UTC
Chinese auto manufacturers flocking to open plants in Brazil

Anhui Jianghuai Automobile Co Ltd has become the latest Chinese automaker to invest in a production project in Brazil, the world's fourth-largest automobile market, to avoid the high taxes on imported vehicles.
Tuesday, October 9th 2012 - 02:45 UTC
Fifty large Brazilian cities face run offs on 28 October; Sao Paulo an open race

Fifty large Brazilian cities will be holding a run off at the end of the month following on Sunday’s results of the municipal elections when the ruling Workers Party and the opposition Brazilian Social Democracy Party, PSDB, confirmed their leaderships.
Monday, October 8th 2012 - 06:26 UTC
Brazilian banks have room “to cut consumer lending rates in half”

Brazilian banks have room to cut consumer lending rates in half, Brazil's Finance Minister Guido Mantega said in remarks published this weekend in the O Globo newspaper.
Monday, October 8th 2012 - 06:23 UTC
Rio mayor re-elected and will host Olympics; Sao Paulo, run off with the two main parties

Rio Mayor Eduardo Paes has been re-elected with an overwhelming majority in the first round of Brazil's municipal elections. Paes from the centrist Democratic Movement Party will be in charge when Rio hosts the 2016 Olympics.
Saturday, October 6th 2012 - 15:16 UTC
IMF cuts global growth estimates; calls for clear political leadership to restore confidence

The IMF has cut its global growth forecasts for this year and 2013 and called on politicians in the Euro-zone and the US to take “decisive” steps to restore confidence, a German newspaper said Friday.
Saturday, October 6th 2012 - 15:06 UTC
Brazil wants Paraguay back in Mercosur following “democracy compliance” test

Brazilian Foreign minister Antonio Patriota said on Friday that Paraguay could resume membership of Mercosur and Unasur without the need to wait for presidential elections next April 2013 as long as “full compliance with democracy” can be verified.
Friday, October 5th 2012 - 22:58 UTC
Brazil food giant Marfrig preparing for a long weekend of Xmas festivity

Brazil’s food giant Marfrig and the second largest in beef provision, is increasing the use of its installed capacity to address the growing domestic demand according to Joao Sampaio, deputy chief Marfrig’s investors relations.
Friday, October 5th 2012 - 22:55 UTC
Brazil September inflation higher on food prices, but bank could further cut Selic rate

September inflation in Brazil was up 0.57% on higher food prices according to the latest release from the country’s stats office, IBGE. This was the highest rate since last April (0.64%) and the steepest for September since 2003, (0.78%).
Friday, October 5th 2012 - 06:06 UTC
Brazil mocks Argentina after “super-match” was cancelled because of power failure

Chaco Governor Jorge Capitanich publicly regretted and apologized on Thursday for the major embarrassment caused by the suspension of an Argentina-Brazil friendly match scheduled for Wednesday night when the stadium floodlights failed.