Brazil

• Friday, December 2nd 2011 - 00:04 UTC

  Brazil announces measures to stimulate economy and domestic consumption

  

  Brazil's Finance Minister Guido Mantega announced Thursday a package of measures aimed at stimulating the economy and domestic consumption, amid an international crisis mainly affecting developed nations as a consequence of the Euro situation.

• Thursday, December 1st 2011 - 06:02 UTC

  Brazil has the highest real interest rate among 40 leading economies

  

  The Brazilian Central bank latest decision to lower the basic interest rate by half a percentage point to 11%, confirms Brazil leadership as the country with the highest real interest rates in the world. An honour it has held interruptedly for the last 23 months.

• Thursday, December 1st 2011 - 04:19 UTC

  Emirates Airlines inaugurates Dubai-Buenos Aires daily flights 3 January

  

  Emirates Airlines will fly on a daily basis between Dubai and Buenos Aires, with a call at Rio do Janeiro, as of next January 3, it was announced in the Argentine capital by Richard Vaughan Senior Vice-president for Commercial Operations.

• Thursday, December 1st 2011 - 04:14 UTC

  Countdown for Brazil’s Labour minister: sixth cabinet loss on corruption allegations

  

  Brazil’s Executive Committee on Public Ethics, on a unanimous decision adopted on Wednesday recommended President Dilma Rousseff the removal of Labour and Employment Minister Carlos Lupi.

• Thursday, December 1st 2011 - 04:09 UTC

  The best beauty contest in the world and a Brazilian obsession: Miss Bumbum

  

  What can be greater for Brazilians than the 2014 World Cup which will be hosted by the country? The best beauty contest of all times…the several reasons to visit Brazil in spite of all the street killings: the Miss Bumbum competition.

• Thursday, December 1st 2011 - 00:35 UTC

  Mantega to be retained in Brazilian cabinet shuffle expected for January

  

  Brazilian President Dilma Rousseff plans to replace a handful of ministers to streamline the cabinet when she completes a year in office in January but the shuffle does not include Finance minister Guido Mantega, according to Planalto sources.

• Wednesday, November 30th 2011 - 23:08 UTC

  Brazil cuts basic rate by half a point to 11% and says inflation converging to target

  

  Brazil’s central bank cut borrowing costs by half a point for a third straight meeting as a global economic slowdown threatens with a slump in domestic demand. The bank’s board voted on Wednesday unanimously to reduce the benchmark Selic rate to 11% from 11.5%, as had been anticipated by markets.

• Tuesday, November 29th 2011 - 17:28 UTC

  Price Index new weightings should help Brazil with inflation target and rate cuts

  

  Brazil’s statistics agency released Monday new weightings for items in its benchmark IPCA price index, adapted to changing family consumption patterns, which should help policymakers fine-tune complying with targets and keep cutting interest rates.

• Tuesday, November 29th 2011 - 15:34 UTC

  UK opens new consulate in Recife, next to northeast Brazil main trade and sea hub

  

  Foreign Office Minister Jeremy Browne on Tuesday opened a new Consulate General in Recife, Brazil - the city which became home to one of the first ever British missions in South America in 1808.

• Tuesday, November 29th 2011 - 06:14 UTC

  CFK off to Venezuela to meet with Chavez and Dilma Rousseff

  

  Argentine President Cristina Fernández will hold a bilateral meeting next Friday with her Brazilian counterpart Dilma Rousseff in the framework of the first Latin American and Caribbean States Community Summit (CELAC).