Brazil

• Tuesday, July 19th 2011 - 06:05 UTC

  Brazil to cut ethanol content in gasoline to ease pressure on sugar market

  

  Brazil will reduce the ethanol content in gasoline in another effort to contain inflation since sugar (and ethanol) prices because of a poor crop have been soaring, according to the Sao Paulo press.

• Tuesday, July 19th 2011 - 01:15 UTC

  Brazil tightens consumer credit backed by wages and pensions

  

  Brazil's central bank on Monday tightened rules on credit card loans backed by wages and pensions which households are increasingly using as a source of long-term borrowing.

• Monday, July 18th 2011 - 08:50 UTC

  Brazil launched the construction of four Scorpene-class attack submarines

  

  The construction of four diesel powered Scorpene-class attack submarines for the Brazilian Navy was launched on Saturday at a plant near Rio de Janeiro.

• Saturday, July 16th 2011 - 07:25 UTC

  Move closer to Brazil politically and economically, says US Foreign Relations Council

  

  Influential foreign policy experts at the New York based Council on Foreign Relations (CFR) think the United States should move closer to Brazil politically and economically and recommend the creation of a Brazilian affairs office at the National Security Council.

• Friday, July 15th 2011 - 16:31 UTC

  Plan to support Brazilian industry from foreign protectionism to be announced August 2

  

  Brazil’s president Dilma Rousseff announced Thursday night the launching of a new plan aimed to boost and protect Brazilian industry against international competition and at the same called for a technological development leap forward.

• Friday, July 15th 2011 - 06:25 UTC

  Argentina denies restrictions in trade with Brazil; admits ‘logical differences’

  

  Argentina’s trade relation with Brazil does not have restrictions and “it’s understandable that some differences surface” when bilateral trade will be reaching over 40 billion dollars this year, said Argentine Industry Ministry sources in Buenos Aires.

• Thursday, July 14th 2011 - 22:09 UTC

  Brazil has a “North Sea of oil” along its Atlantic coast, says Petrobras

  

  Brazil’s oil reserves, including recent discoveries in deep waters of the Atlantic Ocean, are of a similar size to those found in the North Sea, said a Petrobras exploration official in an interview in London.

• Thursday, July 14th 2011 - 07:17 UTC

  Stormy forecast for President Rousseff ten-party ruling coalition

  

  Brazilian president Dilma Rousseff is facing further political unrest in the ruling coalition following the naming of a new Transport Minister, apparently a unilateral decision that was not shared by several allies.

• Wednesday, July 13th 2011 - 18:55 UTC

  One bite too much for Brazil’s biggest TV dinner and frozen meat maker

  

  Brasil Foods, Brazil’s biggest maker of TV dinners and frozen meat products, won conditional approval of its 3.8 billion US dollars takeover of rival Sadia SA as Brazilian regulators ordered it to stop using a top brand and sell some assets to ensure domestic competition.

• Wednesday, July 13th 2011 - 16:16 UTC

  Battle for majority control of Brazil’s retail industry falls through

  

  Brazilian retail tycoon Abilio Diniz has suspended plans to merge his supermarket chain Grupo Pao de Acucar with the local arm of France's Carrefour. The move comes after the Brazilian state development bank BNDES and a private fund backed out of supporting the deal.