Brazil

• Tuesday, June 7th 2011 - 01:22 UTC

  “Dilma is being manipulated and eclipsed by Lula da Silva” claims the opposition

  

  Brazilian president Dilma Rousseff’s handling of her cabinet chief Antonio Palocci crisis has come under heavy flack from the opposition who warned that she is losing image and is being eclipsed by former president Lula da Silva.

• Monday, June 6th 2011 - 21:33 UTC

  Brazilian exporters warn of de-industrialization because of massive imports

  

  The increase in imports during the first quarter of this year could indicate Brazil has begun a de-industrialization process, cautioned Jose Augusto de Castro, president of the country’s Foreign Trade Association, AEB.

• Monday, June 6th 2011 - 06:56 UTC

  On Monday Customs delayed back-log of Argentina made-cars should be in Brazil

  

  Argentina and Brazil seem to be again on the path of normalizing bilateral trade following the mid May spat that triggered a round of technical exchanges in Buenos Aires and a final meeting at ministerial level in Brasilia. On Monday, allegedly all the Argentine cars delayed in the border will have been cleared into Brazil.

• Monday, June 6th 2011 - 06:09 UTC

  Rousseff and ‘godfather’ Lula da Silva meet to decide on the Palocci crisis

  

  Brazilian President Dilma Rousseff was expected to consult her predecessor Lula da Silva before deciding whether to dismiss Cabinet Chief Antonio Palocci, who has come under scrutiny for consulting fees he earned while managing Rousseff’s election campaign, according to the Sao Paulo press.

• Friday, June 3rd 2011 - 23:29 UTC

  Brazil expanded at an annualized 5% in first quarter, will grow “modestly” in 2Q

  

  Brazil's first quarter GDP grew 1.3% compared to the previous quarter – an annualized rate of over 5% – and 4.2% against the first quarter of 2010 revealed on Friday the Brazilian government.

• Friday, June 3rd 2011 - 12:43 UTC

  Hyundai plans to produce 150.00 vehicles at its first plant in Brazil

  

  Hyundai Motor Company, South Korea’s largest automaker is constructing its seventh overseas plant in Piracicaba, Sao Paulo state, Brazil to actively respond to soaring demand in one of the world’s fastest growing markets and to bring its manufacturing presence in so-called BRIC countries full circle.

• Friday, June 3rd 2011 - 07:53 UTC

  Korean group plans shipyard in south Brazil to cater “Malvinas” fishing fleet

  

  The Korean fishing group Insung signed this week an letter of intent with a Brazilian consortium for the construction of a ship yard in the Rio Grande/Pelotas area , state of Rio Grande do Sul, which could cater to the Korean fishing vessels operating in the “Falklands/Malvinas” area.

• Friday, June 3rd 2011 - 02:02 UTC

  Argentina and Brazil agree on terms to unlock the bilateral trade conflict

  

  Argentina and Brazil agreed Thursday to abide by the 60-day retention period applied to products affected by non automatic tariff trade barriers and accelerate trade in the agricultural sector with the purpose of overcoming the conflict that erupted mid May and had virtually frozen bilateral operations.

• Friday, June 3rd 2011 - 01:56 UTC

  Rousseff tries to overcome internal rift and launches plan to eliminate extreme poverty

  

  Brazilian President Dilma Rousseff launched an ambitious plan to eliminate dire poverty in Brazil within four years by lifting more than 16 million people from conditions of “misery”.

• Thursday, June 2nd 2011 - 09:36 UTC

  Argentina’s second biggest soybean producer expands in Brazil; plans shares sale

  

  Argentina’s second- biggest soybean producer Los Grobo, plans to transfer some assets to a new company and sell shares of the business in an initial public offering in Brazil.