Brazil

Thursday, August 18th 2011 - 23:58 UTC
Historic win for wind energy in Brazilian government power auction

Wind farms have come out on top in the latest round of power auctions organized by Brazil’s government. Slowly letting go of government protection to compete head-to-head with historically cheaper fossil fuel energy, the wind power sector indicated its potential strength.
Thursday, August 18th 2011 - 22:51 UTC
Rousseff names new Agriculture minister and respects balance in cabinet

Brazilian president Dilma Rousseff named on Thursday lawmaker Mendes Ribeiro as new Minister of Agriculture. The member of Congress from the farming state of Rio Grande do Sul replaces Wagner Rossi who stepped down Wednesday following strong allegations of corruption and irregularities.
Thursday, August 18th 2011 - 06:41 UTC
Brazil economic activity fell in June for the first time since 2008

Brazil's economic activity fell in June for the first time since 2008. The central bank's IBC-Br economic activity index fell 0.26% in June from May the first sequential drop since December 2008, when the global financial crisis plunged major economies into recession.
Thursday, August 18th 2011 - 02:54 UTC
Brazilian Agriculture minister steps down following corruption allegations

Brazilian Agriculture minister Wagener Rossi resigned to his post Wednesday following revelations of irregularities in his office thus becoming the fourth minister to step down, in eight months, of President Dilma Rousseff administration.
Wednesday, August 17th 2011 - 23:42 UTC
La Niña threatens Brazil and Argentina crops says Oil World

South American grain and oilseed production may be in jeopardy from the formation of a La Niña weather pattern, which might curb rainfall in parts of Brazil and Argentina, Oil World said.
Wednesday, August 17th 2011 - 07:45 UTC
Brazil’s ruling coalition looses one member following corruption allegations

One of the smallest parties from the Brazilian ruling coalition has stepped down with “no hard feelings” and will now adopt a ‘critical support’ attitude towards the administration of President Dilma Rousseff.
Wednesday, August 17th 2011 - 01:08 UTC
Rousseff congratulates CFK; the two leaders plan meeting before G-20 in Cannes

President of Brazil, Dilma Rousseff, congratulated President Cristina Fernández de Kirchner, CFK, on Tuesday, following the results of the primary elections on Sunday in which she led by over 50 points.
Tuesday, August 16th 2011 - 06:30 UTC
Takeovers’ glut and lack of cattle expose Brazilian leading meatpacker Marfrig

Brazilian leading meatpacker Marfrig will not be considering takeovers until 2012, Chief Executive Marcos Molina dos Santos said on Monday after the company posted a second-quarter net loss.
Tuesday, August 16th 2011 - 06:23 UTC
Mozambique offers Brazilian farmers 6 million hectares to develop agriculture

The Mozambique government is providing large tracts of land at a symbolic price to Brazilian farmers to produce soy, maize and cotton, Mozambique’s agriculture minister, José Pacheco told Brazilian newspaper Folha de Sao Paulo.
Tuesday, August 16th 2011 - 06:19 UTC
China wants to buy directly from Brazilian farmers, avoid intermediation

China, the second-largest buyer of soy in the world wants an end to intermediation by US multinational companies working in the sector and plans to invest purchasing directly from farmers in Mato Grosso and another five states in Brazil, according to the Brazilian press.