Brazil

• Wednesday, October 26th 2011 - 02:27 UTC

  Marfrig plans massive restructure to reduce costs and trim debt

  

  Brazilian meat processor Marfrig will restructure multiple segments of the company between now and December in an effort to reduce costs and trim away at its current debt of BRL10.3 billion (5.8 billion dollars), the company's president said this week in an interview with Valor Economico newspaper, partly reproduced by Meat trade news Daily.

• Tuesday, October 25th 2011 - 04:11 UTC

  Brazil after billions of dollars to give airports on concession

  

  Brazil’s secretary of civil aviation, Wagner Bittencourt, has confirmed that the government is looking for at least 1.3 billion dollars for the São Paulo–Guarulhos Airport concession.

• Tuesday, October 25th 2011 - 04:06 UTC

  Brazil ignores OAS meeting due to dispute over hydroelectric dam

  

  Brazil will not take part in the annual meeting of the Organization of American States in Washington on Wednesday due to a dispute over a giant hydroelectric plant, said opponents of the scheme.

• Monday, October 24th 2011 - 20:33 UTC

  MAN announces 570m dollars investment to double truck production in Brazil

  

  Volkswagen-owned truck and bus maker MAN will invest 570 million dollars in Brazil from 2012 to 2016 as it aims to double production in Latin America's largest market, local media reported over the weekend.

• Monday, October 24th 2011 - 20:19 UTC

  Brazil preparing strict imports’ controls to safeguard domestic industry

  

  Brazil is preparing to implement more strict controls on imports from Asia, particularly China arguing that Beijing will try to take advantage of the positive performance of South America to compensate for the fall of sales in the European Union and the US currently under the burden of the Euro and debt crises.

• Monday, October 24th 2011 - 19:33 UTC

  Australia exports 969 tons of high quality beef, mostly rump to Brazil

  

  Australia has been sending beef to the world’s two largest beef exporting countries United States and Brazil. Australian beef exports to Brazil during the first nine months of 2011 jumped 381% year-on-year, to 969 tonnes swt, underlining the growing Brazilian demand for higher quality imported beef, mainly among steakhouse chains in the Sao Paulo region, reports meat-trade-news-daily.

• Monday, October 24th 2011 - 06:38 UTC

  Brazilian Sports minister again on the limelight in spite of presidential support

  

  Brazilian media reported more corruption allegations against the country's embattled Sports Minister on Saturday, raising the pressure on him to quit a day after he received the backing of President Dilma Rousseff.

• Monday, October 24th 2011 - 06:16 UTC

  Cuba promoting Special development zones with Brazilian financial support

  

  Cuban Foreign Trade and Investment Minister Rodrigo Malmierca underlined the crucial role of foreign investment for the development of Cuban Special Development Zones”.

• Saturday, October 22nd 2011 - 00:43 UTC

  Mercosur and EU will be ready to exchange trade proposals ‘in June 2012’

  

  Mercosur and the European Union are committed to presenting their proposals with list of products for a free trade agreement in June 2012, announced on Friday Uruguay’s Foreign Affaire minister Luis Almagro.

• Friday, October 21st 2011 - 05:19 UTC

  World Cup 2014 takes off in Sao Paulo and Maracana stadium the final

  

  Sao Paulo will host the opening match of the 2014 World Cup and Rio de Janeiro's Maracana stadium, where Uruguay in 1950 knocked out the host’s dream of its first Cup, will stage the final, FIFA announced Thursday.