Brazil

• Sunday, April 22nd 2012 - 23:17 UTC

  Record approval for Dilma, but Brazilian voters’ heart is with Lula da Silva

  

  Brazilian President Dilma Rousseff's administration reached a record-high approval rating in April but voters still long for the return of predecessor Lula da Silva, a newspaper reported.

• Saturday, April 21st 2012 - 07:07 UTC

  Emerging powers committed to IMF but insist on less European predominance

  

  Major emerging powers stood ready on Friday to pledge money to bolster the International Monetary Fund's crisis-fighting war chest, though Brazil was holding out for promises that their voting power at the global lender would increase.

• Saturday, April 21st 2012 - 06:57 UTC

  Uruguay and Brazil agree to jointly develop and expand wind power

  

  Uruguay and Brazil agreed this week to jointly set up a 100MW wind farm in Uruguayan territory demanding an investment of 200 million dollars and which should become operational by 2013.

• Saturday, April 21st 2012 - 06:44 UTC

  Petrobras promises to expand and increase investments in Argentina

  

  Brazil’s President Dilma Rousseff following a meeting with an Argentine delegation from the energy sector ratified her country’s decision to “strengthen the investment and the presence of the oil company, Petrobras, in Argentina”.

• Saturday, April 21st 2012 - 03:51 UTC

  Brazil will continue to intervene in support of industry and depressing its currency

  

  Brazilian Finance minister Guido Mantega said on Friday that IMF Managing Director Christine Lagarde makes a mistake in recommending emerging countries not to intervene in the money exchange markets to counter the strong devaluation of currencies from the rich countries.

• Friday, April 20th 2012 - 04:36 UTC

  Brazil’s two largest companies team up to work together in several projects

  

  Petrobras and mining company Vale, the two biggest companies in Brazil, have signed a memorandum of understanding to pursue joint ventures in various areas, Petrobras said.

• Thursday, April 19th 2012 - 23:26 UTC

  Brazilian polar vessel vistis Montevideo at the end of her Antarctic tour

  

  The Brazilian navy polar research vessel “Almirante Maximiano” at the end of its XXXth Antarctic operation, Operantar, arrived on Thursday at Montevideo to take fuel, supplies and exchange experiences with Uruguayan officers.

• Thursday, April 19th 2012 - 04:59 UTC

  Brazil lowers basic rate to 9%, sixth straight reduction and more could come

  

  Brazil lowered its benchmark interest rate to a near-historic low of 9% on Wednesday, as expected, but the central bank surprised with hints that more cuts may follow to revive Latin America's largest economy.

• Wednesday, April 18th 2012 - 22:34 UTC

  Brazil feels YPF dispute will not interfere with Petrobras operations in Argentina

  

  Brazil’s Mines and Energy minister Edison Lobao discarded that operations of Petrobras in Argentina could be affected by the decision from the administration of President Cristina Fernandez to expropriate YPF from Spain’s Repsol.

• Wednesday, April 18th 2012 - 08:23 UTC

  Brazilian economy set to grow 3%, but with risks of overheating, says IMF

  

  The Brazilian economy is set to grow 3% in 2012 after the modest 2.7% of last year, but following the relaxation of monetary policy it runs the risk of ‘overheating’, according to the IMF World Economic Outlook, WEO.