Brazil

Saturday, May 12th 2012 - 09:17 UTC
Top trade officials invite Brazilian companies to invest in East Germany

A top visiting German trade official appealed to Brazilian companies Thursday to invest in Europe's largest economy, particularly in the former East Germany taking advantage of the country’s know-how.
Friday, May 11th 2012 - 13:06 UTC
BRIC members, Indonesia, Philippines and Chile lead in air travel growth

Asia leads the world’s growth in air travel and holds seven out of the ten busiest inter-city routes. In addition to the BRIC markets, Indonesia, the Philippines, and Chile showed an impressive growth, according to analysis by the market intelligence solution Amadeus Total Demand.
Friday, May 11th 2012 - 13:05 UTC
Brazilian meatpacker moving out of Argentina sells plant to local government

Brazilian meatpacker JBS SA has sold one of its two units based in San Jose, Argentina, the company said in statement Wednesday. The unit was sold for 16.5 million dollars to a group of local cooperatives and the provincial government, which will run the operation.
Friday, May 11th 2012 - 01:24 UTC
Brazil underlines the “great political convergence” with Argentina in spite of trade differences

Foreign Minister Antonio Patriota praised the “great political convergence” between Argentina and Brazil and assured that any existing problems related to the bilateral trade “do not tarnish this very strong reality.”
Friday, May 11th 2012 - 00:16 UTC
Brazilian navy successfully tests Exocet missile with engine manufactured in the country

The Brazilian navy successfully tested an Exocet MM40 missile totally designed, developed and manufactured in the country by Avibras and with the support from the European group MBDA, partly owned by BAE Systems.
Thursday, May 10th 2012 - 19:57 UTC
Industrial sales and employment in Brazil gradually picking up

Brazil's use of installed industrial capacity fell for a second consecutive month in March, despite a continued recovery of industrial sales during the period, Brazil's National Confederation of Industries, CNI, announced.
Thursday, May 10th 2012 - 19:52 UTC
Brazilian strategy to lower value of its currency seems to be working

Investors pulled 1 billion dollars out of Brazil last week as Euro-zone debt fears continue to spook markets and the Brazilian government shows little sign of changing its hefty intervention policies.
Thursday, May 10th 2012 - 05:16 UTC
Brazilian Senate approves ‘Budweiser bill’ ending dispute with FIFA over World Cup sponsoring

The Brazilian senate approved a bill Wednesday giving FIFA the guarantees needed to organize the 2014 World Cup. The approval came just a day after the Brazilian government met with FIFA officials in Switzerland to discuss the country's preparations and resolve their differences.
Thursday, May 10th 2012 - 01:09 UTC
Major oil congress in Brazil to address challenge of pre-salt deposits development

The challenge of exploring and extracting Brazil’s massive pre-salt offshore hydrocarbons deposits will be addressed at the congress to be held in Rio do Janeiro next June with the participation of 250 delegates from international corporations, Petrobras and other Brazilian government institutions.
Wednesday, May 9th 2012 - 20:56 UTC
Mercosur “going through its worst moment in history” claims Uruguay

Uruguay’s Vice-president Danilo Astori said Mercosur is going through its worst moment in history because some of its members in practical terms “are denying the most basic principles”.