Brazil

• Thursday, July 21st 2011 - 09:47 UTC

  Brazilian cruise industry expects sharp slowdown because of limited port capacity

  

  After growing 20% annually over the past ten years and reaching a level of 800,000 tourists annually, the pace of cruise expansion in Brazil is expected to encounter a sharp slowdown in the 2011-2012 season.

• Wednesday, July 20th 2011 - 22:21 UTC

  Lula da Silva again to the rescue of President Rousseff facing cabinet setback

  

  Former Brazilian leader Lula da Silva said President Dilma Rousseff managed the latest political crisis in the cabinet ‘correctly’ and is proving she has the capacity to lead “in this and in all situations”.

• Wednesday, July 20th 2011 - 11:22 UTC

  Ahead of major international events, Brazil Tourism Board names new president

  

  The Brazil Tourism Board (Embratur) named Flavio Dino, a former federal congressman, as its new president, succeeding Mário Moysés.

• Tuesday, July 19th 2011 - 13:16 UTC

  Northeast Brazil invests in wind energy, operational by December 2012

  

  Denmark-based Vestas has secured an order from a consortium created by Brennand Energia and Companhia Hidro Eletrica do Sao Francisco in the north east of Brazil to supply turbines with a total capacity of 90MW for three wind energy projects.

• 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.