Brazil

• Tuesday, April 10th 2012 - 23:17 UTC

  Brazil deepens technology cooperation with Massachusetts Institute of Technology

  

  Brazil's President Dilma Rousseff on Tuesday launched an initiative to deepen ties with the prestigious Massachusetts Institute of Technology (MIT). After meeting Monday at the White House with President Barack Obama, Rousseff continued her short visit to the United States with meetings in the Boston area where MIT is based.

• Tuesday, April 10th 2012 - 23:10 UTC

  US confirms poor soy crops in Argentina and Brazil; prices soar to 2008 levels

  

  Drought in major soybean producers Brazil and Argentina cut their production more deeply than expected the US government said on Tuesday in a report that drove prices to near their highest since 2008.

• Tuesday, April 10th 2012 - 16:30 UTC

  Brazil targets a dollar floor of 1.80 Reais and questions private banks attitude

  

  Having a floor of 1.80 Real to the US dollar is no great thing, but it is a target to sustain said Brazil Development, Industry and Foreign Trade minister Fernando Pimentel referring to the latest announcements to promote Brazilian industry battered by a strong currency and massive inflow of ‘cheap’ imports.

• Tuesday, April 10th 2012 - 07:10 UTC

  Rousseff complains about US expansionist monetary policy during meeting with Obama

  

  Brazilian president Dilma Rousseff complained about US monetary policy and expressed concern that sanctions against Iran could backfire in a meeting with President Barack Obama on Monday, highlighting strains between the continent’s biggest economies.

• Tuesday, April 10th 2012 - 06:54 UTC

  Uruguay will enjoy “positive discrimination” in bilateral trade with Argentina

  

  Argentina and Uruguay presidents Cristina Fernandez and Jose Mujica agreed Monday evening to discuss their trade differences in the framework of Mercosur and promote “positive discrimination” measures for Uruguayan exports to help compensate the restrictions imported to all imports by the Argentine government.

• Tuesday, April 10th 2012 - 05:36 UTC

  Mexico presidential front runner wants PEMEX to emulate success of Petrobras

  

  Mexico’s presidential front-runner wants state oil monopoly Petroleos Mexicanos (Pemex) to emulate the success of Brazil’s Petrobras and ramp up private-sector involvement that could possibly pave the way for a stock listing in the future.

• Tuesday, April 10th 2012 - 05:32 UTC

  US and Brazil plan to exchange toasts with cachaça and Tennessee whiskey

  

  US and Brazil plan to boost trade and cooperation in their respective national drinks, cachaça (distilled sugar cane liquor used to make caipirihna cocktails, and Tennessee whisky. The letter of intent was signed Monday by US Trade Representative Ron Kirk and Brazil’s Trade Minister Fernando Pimentel.

• Tuesday, April 10th 2012 - 05:17 UTC

  Boeing and Embraer sign agreement on safety, efficiency and productivity

  

  US Boeing and Brazil’s Embraer signed an agreement Monday to work cooperatively on aircraft safety, operational efficiency and manufacturing productivity.

• Monday, April 9th 2012 - 05:52 UTC

  Brazilian president expected to emphasize on trade, investments and technology

  

  In spite of disagreements in several issues, President Dilma Rousseff during her meeting on Monday at the White House with her peer Barack Obama is expected to insist on the need to join efforts in combating the world economic crisis and particularly monetary instability originated in the manipulation of foreign currency exchanges, which the Brazilian describe as a “monetary tsunami”.

• Monday, April 9th 2012 - 05:34 UTC

  Brazilian yacht sinks crushed by Antarctic ice close to Chilean base

  

  The Chilean Navy on Sunday released images of the Brazilian Yacht ‘Endless Sea’ which sank on Saturday in Antarctica. The photo shows the boat stuck in ice at Maxwell Bay, Ardley Cove, in front of the Chilean Antarctic base Presidente Eduardo Frei, reported Brazilian online media.