Brazil

• Monday, June 18th 2012 - 03:18 UTC

  Frozen fuel prices make it difficult for Petrobras to engage in ambitious development program

  

  Brazil's state-led oil company Petrobras is likely to struggle to find the cash to pay the recently announced world's largest corporate investment program. The country needs money to pay hundreds of ships and dozens of oil fields, drill-rigs and platforms it wants in order to catapult Brazil into the ranks of the world's top-four oil producers by 2020.

• Friday, June 15th 2012 - 19:32 UTC

  Brazil economy continues anaemic; consumption boost expected in second half of 2012

  

  The Brazilian economy contracted in April for the first time on an annual basis since September 2009, reinforcing economists’ expectations that Latin America’s largest economy will slow for a second consecutive year.

• Thursday, June 14th 2012 - 23:28 UTC

  Lula da Silva hospitalized; cancels activities requiring “extensive use of his voice”

  

  Brazilian former president Lula da Silva was hospitalized Wednesday night for a check up and to remove a catheter at Sao Paulo’s state of the art Sirio-Libanes Hospital, reported medical sources.

• Thursday, June 14th 2012 - 13:31 UTC

  JBS meat giant planning to expand in the cattle-rich state of Mato Grosso

  

  Brazilian beef processor JBS SA is reportedly planning to lease four slaughterhouses in Brazil, three of which may be in the cattle-rich state of Mato Grosso, according to Brazilian news outlets Wednesday citing anonymous sources.

• Thursday, June 14th 2012 - 11:26 UTC

  Rio+20 summit takes off in Brazil with optimism and many challenges

  

  The United Nations conference on Sustainable Development opened in Brazil on Wednesday, launching a new round of debate on the future of the planet, its resources and people, 20 years after the first Earth Summit.

• Thursday, June 14th 2012 - 11:19 UTC

  Indian delegation after investments and technology cooperation with Brazil

  

  India has invited companies from Brazil to invest in the country’s national infrastructure, manufacturing in Special Economic Zones and the food processing sector.

• Thursday, June 14th 2012 - 11:12 UTC

  Brazil announces 12bn dollars direct aid for state and city governments

  

  Anticipating further global market turmoil and ahead of October municipal elections, the Brazilian government will be announcing measures to prod the economy with direct support for states, cities and reversing corporate tax hikes, involving at least 25 billion Reais equivalent to 12 billion dollars.

• Thursday, June 14th 2012 - 10:49 UTC

  Shell drops plan to buy sugar cane grown on land taken from indigenous people

  

  Shell subsidiary that makes bio-diesel in Brazil has dropped controversial plans to buy sugar cane grown on land taken from indigenous people, according to Survival International.

• Thursday, June 14th 2012 - 10:21 UTC

  Brazil has 65 of the top 250 universities in Latam, with Sao Paulo top ranked

  

  Brazil dominates the Quacquarelli Symonds (QS) Latin American University Rankings for the second year, with 65 institutions in the top 250, led by the Universidad de Sao Paulo.

• Tuesday, June 12th 2012 - 23:08 UTC

  Brazil says economy should pick up in coming months in spite of world slowdown

  

  Stimulus measures enacted by policymakers in recent months should soon lead to a pickup in growth, breathing some life into Brazil after three straight quarters of stagnation, said central bank president Alexandre Tombini. However he warned about two years of slow global growth and markets volatility.