Brazil

Saturday, August 27th 2011 - 07:09 UTC
S&P upgrades Brazil’s ratings based on “good long-term growth prospects”

Brazil local-currency credit rating is being reviewed for an upgrade by Standard & Poor’s, which cited the country’s economic stability. The rating was affirmed at BBB+, the third-lowest investment grade, S&P said in a statement.
Saturday, August 27th 2011 - 07:04 UTC
Brazil ‘unofficially’ lowers 2011 growth estimate to 3.7% from 4%

The Brazilian government has unofficially cut its outlook for 2011 GDP growth given a slowing world economy and unsustainably fast expansion last year, a local newspaper reported on Friday.
Saturday, August 27th 2011 - 06:25 UTC
Police capture the brains behind Brazil’s largest ever bank robbery: 72m dollars

Brazilian authorities announced this week the capture of one of the brains of what is considered the country’s biggest ever bank robbery.
Friday, August 26th 2011 - 03:16 UTC
Amazon has a twin river that flows 4.000 metres below the ground

Brazilian scientists say they have found signs of a huge underground river flowing far beneath the Amazon River, reports O Estado de Sao Paulo.
Thursday, August 25th 2011 - 00:00 UTC
Brazilian government comes to the rescue of giant meat corporation JBS SA

Brazilian meat giant JBS S.A. has announced that BNDES (Brazilian Development Bank) converted a large amount of JBS debt into equity, boosting the bank’s shareholdings in the company to 30.4% from 17% previously.
Wednesday, August 24th 2011 - 23:22 UTC
Savage infighting in Brazilian coalition exposes President Rousseff political weakness

A Brazilian minister accused his own party of trying to destroy him and said he might not have enough support to continue in his job, raising the odds of yet another high-level departure from President Dilma Rousseff's beleaguered government.
Wednesday, August 24th 2011 - 07:28 UTC
President Rousseff battles for cohesion in a disappointed ruling coalition

Brazilian president Dilma Rousseff said on Tuesday that the two main parties of the ruling coalition, “PT (Workers party) and the PMDB (Brazilian Democratic Movement) are the basis of the stability and trust of the government”.
Wednesday, August 24th 2011 - 07:02 UTC
Mantega admits global crisis in having an impact: lowers Brazil growth to 4%

Brazilian Finance minister Guido Mantega admitted before the Senate that the global financial crisis is already having an impact in the local economy and this will be reflected in a lower GDP for the twelve months.
Tuesday, August 23rd 2011 - 06:29 UTC
Brazilian press targets Communications minister with corruption allegations

Another Brazilian minister, and particularly close to President Dilma Rousseff has been targeted by the Sunday edition of a Sao Paulo magazine with national circulation. According to the report Communications minister Paulo Bernardo has been using the private jet of a major public contractor of the Brazilian government.
Tuesday, August 23rd 2011 - 06:23 UTC
Brazil’s main producer of soy beans is the Argentine group El Tejar

Guess who is the main producer of soy beans in Brazil, the country that is the world’s second exporter of oilseed behind the United States?, a Brazilian, no an Argentine group.