Brazil

Tuesday, May 31st 2011 - 07:47 UTC
Brazil plans massive infrastructure investment in next four years

Brazil’ president of the Economic and Development Bank, BNDES, Luciano Coutinho said that the country’s investment rate in the coming four years will be equivalent to 23% of GDP, sufficient to ensure a sustained robust long term growth of Latin America’s largest economy.
Monday, May 30th 2011 - 22:46 UTC
President Rousseff’s visit to Uruguay according to the Sao Paulo media

President Dilma Rousseff’s Monday visit to Uruguay will try to ease growing concerns in South America’s smallest country political and economic circles about “Brazil-dependency” and obstacles to bilateral trade, according to reports in the Sao Paulo media previous to her departure.
Monday, May 30th 2011 - 17:14 UTC
Deep differences surface in Brazil’s Dilma Rousseff ruling coalition

Brazilian Vice-president admitted publicly “differences” inside the administration of President Dilma Rousseff following a serious, ‘high voice’ exchange he had with cabinet chief and political coordinator Antonio Palocci who in under investigation for over-night enrichment.
Monday, May 30th 2011 - 06:05 UTC
Ex Brazilian minister calls for treating Argentina gently, “not with a cannon ball”

Former Brazilian Industry and Foreign Trade Minister Miguel Jorge decided to weight in on the bilateral trade conflict currently affecting Brazil and Argentina, and surprisingly came out in defence of the Cristina Fernández de Kirchner administration, comparing President Rousseff’s move to impose non-automatic licenses on car and auto-parts imports as “firing a cannon ball.”
Monday, May 30th 2011 - 02:43 UTC
President Rousseff makes public her medical report to quell media disclosures

Brazilian President Dilma Rousseff, following recovery from the bronchial pneumonia she was diagnosed in late April, currently enjoys good health, the president’s doctors said in a report released at her request.
Monday, May 30th 2011 - 00:50 UTC
Rousseff visits Uruguay to sign 12 accords on trade, integration and technology

Brazilian president Dilma Rousseff arrives Monday in Uruguay, the third country she will be visiting after China and Argentina, since taking office last January first. The two countries are founding full members of Mercosur and Brazil is Uruguay’s main trade partner.
Friday, May 27th 2011 - 22:42 UTC
Brazil/Argentina relations not contaminated by trade spat, in spite of industry worries

Robert da Fonseca, director of the Sao Paolo Industry Federation, FIESP admitted on Friday that Brazilian businessmen are “worried” with the commercial conflict that Argentina and Brazil face.
Friday, May 27th 2011 - 22:21 UTC
Brazilian government promises tax breaks in support of industry

Brazil will respond to the requests from industry and unions to reduce taxes to help boost local manufacturing and thus cut into the growing impetus of imports, promised Vice-President Michel Temer during a seminar sponsored by the powerful São Paulo Federation of Industries, FIESP, together with the two main organized labour unions.
Friday, May 27th 2011 - 12:38 UTC
Impact investment fund targeting low-cost housing in Brazil launches in London

Origen Private Equity Ltd., a boutique investment firm headquartered in London, is launching in June what is set to be the first impact investment fund developing low-cost housing in north-east Brazil in conjunction with the Brazilian government's Minha Casa Minha Vida programme.
Friday, May 27th 2011 - 09:24 UTC
Pimentel anticipates more ‘active measures’ to defend Brazil’s industry

The Brazilian Government announced that it is considering additional import restrictions on top of the ones already applied to vehicles, as a measure to defend their national industry.