Brazil

• Saturday, July 21st 2012 - 07:45 UTC

  Good signals from the Brazilian economy: inflation picks up in mid July

  

  Consumer prices in Brazil rose faster than expected in the month to mid-July on higher food costs, suggesting the central bank may have less room than previously believed to cut interest rates much further.

• Saturday, July 21st 2012 - 07:38 UTC

  Brazilian government cuts 2012 growth forecast from 4.5% to 3%

  

  The Brazilian government said Friday it was cutting its economic growth forecast for this year from 4.5% to 3% due to the impact of the global slowdown. However the figure is still higher than the 2.5% predicted by the Central Bank.

• Saturday, July 21st 2012 - 06:08 UTC

  Angola approves wide-ranging cooperation agreement with Brazil

  

  Angola’s National Assembly approved this week the Joint Declaration on the Establishment of Strategic Partnership with Brazil, as well as the draft resolution on Cooperation between the two countries in defence domain.

• Friday, July 20th 2012 - 08:18 UTC

  Seaweed bio-fuels plant fuelled with CO2 from sugar cane processing in Brazil

  

  The world's first industrial plant producing bio-fuels from seaweed will be built in the north-eastern Brazilian state of Pernambuco in late 2013, the official in charge of the project said Thursday

• Friday, July 20th 2012 - 08:07 UTC

  Argentina announces development of huge potassium deposits with Brazil

  

  President Cristina Fernández announced on Thursday the development of a mining project between Neuquén, Mendoza and Río Negro provinces which will led by Brazilian company Vale, and is expected to become the largest potassium mining site in the world.

• Friday, July 20th 2012 - 07:48 UTC

  Brazilian police arrest land owners and gunmen who killed indigenous chief

  

  Police in Brazil have arrested 18 people in connection with the killing of an indigenous leader last November. Gunmen shot Nisio Gomes in Mato Grosso do Sul and took away his body, which is still missing.

• Friday, July 20th 2012 - 00:00 UTC

  Brazil’s development bank speeding disbursements for infrastructure projects

  

  Lending by Brazil’s state development bank BNDES unexpectedly rose in the first five months of the year, led by disbursements to infrastructure projects, in an encouraging sign of investment recovery in Latin America's largest economy.

• Thursday, July 19th 2012 - 07:52 UTC

  Mercosur ratifies before review tribunal decision to suspend Paraguay

  

  Mercosur full members Argentina, Brazil and Uruguay are insisting with their decision to sanction the Paraguayan government following the impeachment and removal of former president Fernando Lugo

• Wednesday, July 18th 2012 - 09:30 UTC

  Mercosur tribunal will rule on Paraguay’s appeal questioning suspension

  

  Mercosur Review Standing Tribunal admitted the demand presented by the government of President Federico Franco against the suspension of Paraguay and thus object the incorporation of Venenzuela as full member of the regional block

• Wednesday, July 18th 2012 - 08:58 UTC

  Brazil’s nominee for securities regulator chosen from the private sector

  

  Leonardo Gomes Pereira, the chief financial officer of Brazilian airline Gol Linhas Aereas was nominated on Tuesday to head the country's securities regulator, in an unexpected pick outside the institution. Finance Minister Guido Mantega nominated Pereira to head the regulator, the CVM, the ministry said in a statement.