Brazil

• Friday, June 22nd 2012 - 07:55 UTC

  Brazil and China sign 30bn dollars swap to boost trade and better weather global turbulence

  

  Brazil and China will sign an agreement in the coming weeks to swap as much as 30 billion in their two currencies, Brazil Finance Minister Guido Mantega said.

• Friday, June 22nd 2012 - 07:49 UTC

  World corn glut as Matto Grosso in Brazil doubles crop over last year

  

  Corn fell in Chicago on concern a record harvest in Brazil’s Mato Grosso state may add to a supply glut and on speculation slowing US economic growth will cut demand for grain used to make ethanol.

• Friday, June 22nd 2012 - 07:46 UTC

  Credit Suisse’s Brazil growth forecast of 1.5% this year “a joke” said Mantega

  

  Finance minister Guido Mantega said the latest release from investment bank Credit Suisse forecasting Brazil’s 2012 GDP growth at 1.5%, was “a joke”.

• Thursday, June 21st 2012 - 06:29 UTC

  Ban Ki-moon at Rio+20: “the old model for economic and social development is broken”

  

  More than 100 Heads of State and government gathered on Wednesday in Rio de Janeiro for the start of the United Nations Conference on Sustainable Development (Rio+20), which seeks to shape new policies to promote global prosperity, reduce poverty and advance social equity and environmental protection.

• Thursday, June 21st 2012 - 06:23 UTC

  Rio+20: Development banks to invest 175bn dollars in sustainable transport

  

  The eight largest multilateral development banks (MDBs) announced on Wednesday at the United Nations Conference on Sustainable Development, Rio+20, that they will invest 175 billion dollars in sustainable transportation systems over the coming decade.

• Thursday, June 21st 2012 - 05:34 UTC

  Brazil’s central bank forecasts strong rebound in last quarter and early 2013

  

  Brazil’s economy will be expanding in the beginning of next year at the fastest pace since the last quarter of 2010, said central bank President Alexandre Tombini.

• Wednesday, June 20th 2012 - 06:44 UTC

  Rousseff reveals how she was tortured as a student by the Brazilian military regime

  

  President Dilma Rousseff still has trouble chewing, after her jaw was dislocated during three years of torture and imprisonment under Brazil's former military leadership, it was revealed this week.

• Wednesday, June 20th 2012 - 06:19 UTC

  Brazilian bank purchases 3.6% stake in nationalized YPF

  

  Brazilian bank Itaú Unibanco purchased a 3.6% stake in Argentina’s nationalized oil company YPF, an operation involving 157.8 million dollars.

• Tuesday, June 19th 2012 - 06:59 UTC

  Brazil/Argentina agree G20 common position, but will wait to listen to Germany

  

  Brazil and Argentina agreed on Monday “to oppose any financial adjustment plan” and sponsor development and growth policies to face the world crisis, in the framework of the two-day G20 summit taking place in Mexico.

• Tuesday, June 19th 2012 - 06:16 UTC

  Largest emerging-market nations will make additional contribution to IMF

  

  The world’s largest emerging-market nations will announce contributions to the IMF’s financial firewall at the Group of 20 summit meeting in Mexico, Brazil’s Finance Minister Guido Mantega announced.