Brazil

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.
Monday, August 15th 2011 - 05:00 UTC
Japanese agency upgrades Brazil’s credit rating to BBB, second notch in investment grade

R&I Japan agency last week upgraded Brazil’s credit rating from BBB- to BBB, the second notch in investment grade level, with stable outlook.
Monday, August 15th 2011 - 04:20 UTC
Brazilian Judge famous for hard-line against police death squads killed at her house

Brazilian police form the state of Rio de Janeiro are combing a suburb for clues in the murder of a high-profile criminal judge, ambushed and fatally shot at her doorstep by hooded gunmen, TV Record reported Sunday.
Monday, August 15th 2011 - 01:00 UTC
Lula da Silva: developed countries lack political initiative; need to learn from Latam

Former Brazilian president Lula da Silva blasted the developed countries lack of political initiative to face the economic crisis and suggested they adopt a strategy similar to Brazil’s.
Friday, August 12th 2011 - 06:12 UTC
Top CEOs to lead Brazil-Canada forum to promote trade and investments

Canadian government has enlisted Bank of Nova Scotia CEO Rick Waugh to lead a group of chief executives who will help broker deeper trade and investment relations with Brazil, the world’s seventh largest economy.
Friday, August 12th 2011 - 06:11 UTC
Brazilian economy “highly dependent on external financing and current account deficit”

The Brazilian economy may face a potential crisis as its fragile foundation could barely withstand the impact of a new global financial turmoil, a local economist warned.