Brazil

• Thursday, July 7th 2011 - 16:24 UTC

  “Sweet” sugar hikes FAO Food Price Index in June to 39% above a year ago

  

  United Nations Food and Agriculture Organization, FAO, Food Price Index rose one percent to 234 points in June 2011 – 39% higher than in June 2010 but four percent below its all-time high of 238 points in February of this year.

• Thursday, July 7th 2011 - 07:04 UTC

  Debate on the vulnerabilities that could condition the Brazilian economy mid term

  

  The good performance of the Brazilian economy and its management of the 2008 world financial crisis have been headlines across the world, but there are also some warning signals form analysts regarding the possibility of asset bubbles and their consequences.

• Wednesday, July 6th 2011 - 22:41 UTC

  Brazil’s (5%) Transport minister resigns following allegations of corruption

  

  Brazil's transport minister became the latest top official to quit because of corruption allegations, adding to the recent struggles of President Dilma Rousseff's six-month-old government.

• Wednesday, July 6th 2011 - 15:56 UTC

  Brazil planning new intervention measures to curb its currency appreciation

  

  Brazil's government may intervene in futures markets to weaken the Real, Finance Minister Guido Mantega told reporters in London on the sidelines of a conference on Tuesday.

• Wednesday, July 6th 2011 - 15:35 UTC

  Brazil 2010/11 soy crop larger than estimated but strong Real eats into profits

  

  Brazil's 2010-11 soy crop was larger than previously estimated, as higher productivity and a greater area of land planted with the oilseed resulted in record output, agricultural consultancy Celeres reported this week.

• Tuesday, July 5th 2011 - 15:44 UTC

  Uruguay and Brazil move closer to a partnership in wind power projects

  

  Uruguay’s state owned power company UTE moved closer to linking with Brazil’s Eletrobras for wind projects after its board gave the go-ahead to explore a partnership.

• Tuesday, July 5th 2011 - 06:08 UTC

  President Rousseff relations with 10 party coalition remain strained

  

  The six-month old administration of Brazilian President Dilma Rousseff’s is again under strain following on her strong character reactions, thus casting doubts about the passing of her legislative agenda, which is already considerably delayed.

• Tuesday, July 5th 2011 - 05:44 UTC

  Toyota Mercosur temporarily closing plants due to lack of parts

  

  Toyota, the world's biggest automaker said Monday it will temporarily halt work at factories in Brazil and Argentina due to the lack of parts from Japan after the massive March quake and tsunami.

• Monday, July 4th 2011 - 05:45 UTC

  Spanish-Chinese group discover oil in Brazil’s pre-salt cluster, 6.851 metres deep

  

  Spanish oil and gas group Repsol YPF announced last week that its joint venture with China's Sinopec Group had made a new discovery of good quality oil in Brazilian ultra-deep water.

• Monday, July 4th 2011 - 05:12 UTC

  Brazilian government continues to subsidize loans to big corporations

  

  Brazil's state development bank, BNDES, is lending to companies at the lowest rate relative to the country's benchmark in two years, undercutting President Dilma Rousseff's efforts to curb inflation, revealed the Sao Paulo financial press.