Brazil

Tuesday, March 1st 2011 - 06:55 UTC
“Brazil has no money to buy jet fighters” in 2011 confirms top official

The Brazilian government has “no money to buy jet fighters” in 2011 confirmed Finance minister Guido Mantega in reference to the tender for the purchase of at least 36 modern aircraft and for which France, United States and Sweden are competing.
Monday, February 28th 2011 - 20:34 UTC
In spite of racial diversity, European genetic ancestry predominates in Brazil

Contrary to expectations even when black and brown make up 52% of the 190 million Brazilians, --according to the latest census--, their genetic ancestry is more predominantly European than African or Indio-American.
Monday, February 28th 2011 - 06:32 UTC
Inflation challenges Brazil; tighter monetary measures anticipated

Brazil's general price index, or IGP-M, rose 1% month-on-month in February, compared to 0.79% rise in January, the Getulio Vargas Foundation said Friday. Economists' had forecast the index to rise 1.01%.
Saturday, February 26th 2011 - 06:02 UTC
Brazilian judge blocks plans to build world’s third largest dam in the Amazon

A Brazilian judge has blocked plans to build a huge hydro-electric dam in the Amazon rainforest because of environmental concerns. Federal judge Ronaldo Desterro said environmental requirements to build the Belo Monte dam had not been met.
Saturday, February 26th 2011 - 05:54 UTC
Petrobras posts record net profit in 2010: 20 billion US dollars

Latin America's biggest company, Brazilian state-managed oil giant Petrobras, on Friday said it raked in a record net profit last year of 20 billion US dollars. That figure for 2010 was 17% higher than its profit for 2009 company executives told a news conference in Rio de Janeiro.
Friday, February 25th 2011 - 06:36 UTC
Brazil wants global trade talks, ‘but will not make new concessions’

Brazil's Foreign Affairs ministry told U.S. officials on Thursday that Brazil wants global talks at the World Trade Organization to move forward, but can't make any new concessions.
Friday, February 25th 2011 - 06:33 UTC
China will participate in Brazil’s next oil and gas bidding round

China's Sinopec Corp said it planned to participate in Brazil's next oil and gas bidding rounds, which should be resumed after the passage of a reform of the country's oil law expected this year.
Friday, February 25th 2011 - 06:29 UTC
Half a million Brazilians murdered between 1998 and 2008

Brazil is the sixth most murderous country in a list of 100 nations around the world, according to a new study sponsored by the government and released Thursday.
Wednesday, February 23rd 2011 - 07:25 UTC
Brazil’s Bovespa and Shanghai Stock Exchange sign link agreement

The Shanghai Stock Exchange and Brazil's BM&F Bovespa signed this week an agreement that could lead to closer ties between the two. Bovespa said it was looking for cross-listing across both exchanges, although this would not happen immediately.
Wednesday, February 23rd 2011 - 06:33 UTC
Brazil’s top private banker denies any risk of a credit bubble in the country

The president of Brazil’s private bank Itau brushed aside risks of a credit bubble in the country and underlined that sustained economic growth will be rewarded by an expansion of between 15% and 20% in its credit portfolios in 2011.