Brazil

• Wednesday, October 21st 2009 - 12:47 UTC

  Brazil’s investment tax tumbles stock exchange and the Real

  

  Brazil's stock market suffered one of its worst one-day plunges in three months and the currency sank after the government imposed a tax on foreign investments in local stocks and bonds. The Bovespa index of the Sao Paulo stock exchange dropped 2.88% to 65,303.11, after closing at its strongest level since June 2008 the previous session.

• Wednesday, October 21st 2009 - 10:31 UTC

  Olympics’ Rio do Janeiro faces a seven year battle to clean the city

  

  The death toll of a weekend shootout in Rio do Janeiro shanty towns between police forces and drug dealers climbed to 25 with the discovery of several bodies, --one of them in a supermarket cart--, and the death of a third police officer from a downed helicopter.

• Tuesday, October 20th 2009 - 08:03 UTC

  Lula da Silva promises a million new formal jobs in 2009

  

  President Lula da Silva said Brazil would end this year with a million new formal jobs and in 2010 the economy will expand 5%. Speaking at his program “Breakfast with the President”, Lula da Silva announced that 252.000 jobs had been created in September which means 2009 will end “with a million new formal jobs”.

• Tuesday, October 20th 2009 - 07:54 UTC

  Brazil to slap tax on foreign capital inflow “to avoid speculation”

  

  Brazil will impose a 2% tax on purchases by foreign investors of Real-denominated, fixed-income securities and on purchases of stocks. The measures are being taken “to avoid an excess speculation in the stock market and in capital markets” said Finance minister Guido Mantega told reporters Monday in Sao Paulo.

• Tuesday, October 20th 2009 - 07:51 UTC

  Petrobras in new oil and gas output record prepares to drill sub-salt deposits

  

  Brazil's government managed oil and gas company Petrobras said on Monday domestic oil output increased 1.2% in September, compared with August, to a record high as it completed platform maintenance and boosted output at some wells. The new record is 2 million bpd from 1.98 million bpd in August.

• Friday, October 16th 2009 - 04:33 UTC

  Overwhelming support for Brazil as member of the UN Security Council

  

  Bosnia, Brazil, Gabon, Lebanon and Nigeria were elected Thursday to non-permanent seats on the United Nations Security Council. They will serve two-year terms starting January 1 and will participate in decisions ranging from deploying U.N. peacekeepers to imposing sanctions.

• Thursday, October 15th 2009 - 12:10 UTC

  Brazil’s JBS en route to become world’s largest meat company

  

  Brazil's JBS said on Wednesday the US Justice Department has approved the takeover of US-based Pilgrim's Pride paving the way for JBS to become the world's largest meat company.

• Thursday, October 15th 2009 - 11:58 UTC

  Bovespa index at new high, having advanced 76% so far this year

  

  Brazil's Bovespa stocks index and currency, the Real, extended recent rallies Wednesday to end at fresh highs not seen in more than a year. The main Sao Paulo stocks index ended 2.4% higher at a 16-month high of 66,201 points.

• Thursday, October 15th 2009 - 03:48 UTC

  Former Brazilian guerrilla involved in kidnap of ambassador extended US visa

  

  A former Brazilian guerrilla who in 1969 was involved in the abduction of US ambassador Charles Elbrick has been extended a visa to travel to United States by the consulate office in Sao Paulo.

• Wednesday, October 14th 2009 - 06:54 UTC

  Brazilian diplomacy looks to a post G7 multilateral world

  

  The naming of Antonio Patriota, former Brazilian ambassador in United States as his Deputy, further strengthens the influence of Foreign Affairs minister Celso Amorim in the country’s foreign policy elaboration, according to reports in the Sao Paulo press.