Brazil

• Tuesday, January 3rd 2012 - 02:37 UTC

  Britain will supply the Brazilian navy with three patrol vessels

  

  The UK BAE Systems has signed a deal with the Brazilian Navy to supply it with three patrol vessels. The contract is worth £133m.

• Monday, January 2nd 2012 - 06:45 UTC

  The most spectacular New Year parties in Brazil, says World Travel Guide

  

  Rain on the last night of 2011 but which stopped a few minutes before 24 tons of fireworks were set off didn’t stop 2 million people from attending Rio de Janeiro’s main New Year’s festival, an event that was confirmed to be the largest of its kind in the world.

• Monday, January 2nd 2012 - 06:41 UTC

  Brazil’s Bovespa index declined 18.1% in 2011 closing at 56.754 points

  

  In spite of a slight gain in the last trading day of 2011 the Brazilian stocks benchmark index experienced an 18.1% decline in the twelve months on concerns that Europe's debt troubles could lead to another global recession.

• Monday, January 2nd 2012 - 06:36 UTC

  Brazil’s Embraer sells 29 Super Tucano aircraft to the US Air Force

  

  Brazilian plane-maker Embraer will sell its A-29 Super Tucano aircraft to the US Air Force, in a firm-fixed price delivery order contract worth 355 million dollars, the company said in a statement.

• Monday, January 2nd 2012 - 06:30 UTC

  Brazil planning additional cuts of 32bn dollars in 2012 budget

  

  Brazil's government may cut as much as much 60 billion Reais (32 billion dollars) from spending in 2012 in an effort to control its deficit and inflation, the Estado de Sao Paulo newspaper reported, citing unnamed Finance Ministry officials.

• Monday, January 2nd 2012 - 06:25 UTC

  Rousseff’s dispute with the Judiciary could cost the Treasury 27bn dollars

  

  Brazil's government faces as much as 74 billion Reais (40 billion dollars) of unbudgeted expenses in 2012 stemming from lawsuits awaiting judgement at the country's Supreme Court, the Correio Brasilense newspaper reported on Sunday.

• Thursday, December 29th 2011 - 21:50 UTC

  Dilma in her first year is proving to be an Iron Lady loved by the middle class

  

  Brazilian president Dilma Rousseff will be celebrating on Sunday her first of four years in office with a record public opinion support of 72%, based on a sober and firm style in running what has become the world’s sixth largest economy.

• Wednesday, December 28th 2011 - 03:58 UTC

  Mexican telecoms giant planning to invest 5.4bn dollars in Brazil

  

  The Brazilian subsidiaries of Mexican telecoms giant America Movil are planning 10 billion Reais (5.4 billion dollars) worth of new investment in 2012, Folha de São Paulo said on Tuesday.

• Tuesday, December 27th 2011 - 13:57 UTC

  Argentine Media bill: “a dictatorship couldn’t have done it better”

  

  The conservative and influential Brazilian newspaper O Estado de Sao Paulo in an editorial described the Argentine government as an “austral democradura” (authoritarian regime) which is sponsoring legislation “to terrorize the media”.

• Tuesday, December 27th 2011 - 13:56 UTC

  Brazil votes 2012 budget limiting civil servants salaries and pension increases

  

  The Brazilian Congress approved next year's budget bill, rejecting wage increases for pensioners and public servants in a bid to contain spending as volatility advances in international markets.