Brazil

• Monday, November 14th 2011 - 21:02 UTC

  None of world major economies will escape a slowdown forecasts the OECD

  

  None of the world's major economies will escape a slowdown, the Organization for Economic Co-operation and Development said, highlighting increasing signs that growth momentum is dwindling across the board.

• Monday, November 14th 2011 - 20:51 UTC

  Brazilian trade minister and 53 companies on African business round

  

  A business mission of 53 companies organised by the Brazilian government plans to begin a tour of Mozambique, Angola and South Africa on 21 November, an Apex-Brasil official said in Sao Paulo.

• Monday, November 14th 2011 - 20:47 UTC

  Brazil moves into Tanzania and will help increase power generation five-fold

  

  Brazilian business and public contractor giant Odebrecht Company Limited, with top global businesses and operations across a wide variety of industries, has shown interest in undertaking the huge Stiegler's Gorge power project in Tanzania’s Rufiji river basin, according to “The East African” weekly.

• Monday, November 14th 2011 - 07:13 UTC

  Chevron halts drilling off the coast of Brazil following an oil-spill

  

  Oil giant Chevron halted drilling of a well off the coast of Brazil as it looks into the possible causes of an oil spill in the region. Chevron said in a statement e-mailed that an oil sheen had appeared on the surface of the ocean near the Frade project it operates, which it attributed to oil seeps in the area.

• Monday, November 14th 2011 - 06:58 UTC

  Rousseff complains German chancellor Merkel “listens to nobody”

  

  Brazilian president Dilma Rousseff criticized German chancellor Angela Merkel for her refusal to receive suggestions as to how face the global crisis and on specific issues such as youth unemployment.

• Monday, November 14th 2011 - 06:32 UTC

  Brazilian troops take over Rio’s main favela without firing a shot

  

  Three thousand troops backed by helicopters and armoured vehicles occupied Rio de Janeiro's largest favela (slum) without firing a shot, the biggest step in the Brazilian city's bid to improve security and end the reign of drug gangs.

• Saturday, November 12th 2011 - 12:46 UTC

  Brazil’s October consumer inflation down but still above target

  

  Consumer price increases slowed month-on-month in Brazil in October, according to the Brazilian Institute of Geography and Statistics, IBGE. The official IPCA consumer price index gained 0.43% in October compared with a 0.53% rise in September.

• Saturday, November 12th 2011 - 12:45 UTC

  Brazil eases capital requirements for some consumer loans

  

  Brazil’s central bank cut capital requirements for some consumer loans with maturities of up to five years, including car loans, as it seeks to fine tune measures taken last year to prevent excessive risk in the financial system.

• Friday, November 11th 2011 - 08:26 UTC

  Most wanted Brazil drugs’ baron caught by police in Rio do Janeiro favela

  

  As authorities work to “pacify” Brazil's slums ahead of two global sporting events, police in Rio de Janeiro captured one of the city's most notorious drug traffickers.

• Friday, November 11th 2011 - 08:20 UTC

  Chinese main oil refiner takes over 30% of Portugal’s GALP in Brazil

  

  China Petrochemical Corp., Asia's biggest refiner, agreed on Thursday to pay 3.54 billion dollars for a 30% stake in Galp Energia SGPS SA's Brazilian unit, in what is China's largest overseas energy acquisition this year.