Brazil

• Thursday, May 26th 2011 - 07:10 UTC

  Argentine/Brazil trade talks stalled but ‘technical negotiations’ were good

  

  Brazilian Industry Secretary Alessandro Teixeira said on Wednesday that no progress has been made so far regarding the trade impasse over Brazil’s import delays for Argentine cars and auto parts, but denied any crisis with Argentina since negotiations are on-going.

• Wednesday, May 25th 2011 - 22:49 UTC

  Brazil’s Vale to invest 2.9bn USD in the country’s largest port by volume

  

  Brazil’s Vale Doce, the world’s biggest iron-ore producer, said it will invest 2.9 billion US dollars to increase the capacity of the Ponta da Madeira terminal in northern Brazil, making it the largest port in the country by volume.

• Wednesday, May 25th 2011 - 07:20 UTC

  Brazil/Argentina agree monthly trade meetings and gradual liberation of licences

  

  Brazil and Argentina agreed to monthly meetings on commerce, Argentina said, as the neighbouring countries try to overcome tensions that flared earlier this month over car imports.

• Wednesday, May 25th 2011 - 06:44 UTC

  Brazil plans to invest heavily in wind farms natural gas fired plants

  

  Brazil which gets about 80% of its energy from hydroelectricity is considering a record investment of 4.1 billion Real (2.5 billion USD) for wind farms this year to diversify its power supply.

• Tuesday, May 24th 2011 - 22:15 UTC

  Sexual health and safe sex tags could be mandatory in Brazilian underwear

  

  Brazil's congress has passed a law that -- if approved by President Dilma Rousseff -- would require sexual health messages to be placed in underwear manufactured and sold in Brazil.

• Tuesday, May 24th 2011 - 18:55 UTC

  Rousseff administration first scandal takes off in Congress and with prosecutors

  

  Brazil's young government faces its first scandal involving presidential chief of staff Antonio Palocci who is under fire for revelations that, while in Congress between 2006 and 2010, his net worth multiplied 20 times.

• Tuesday, May 24th 2011 - 01:01 UTC

  Bank of America expands in Brazil with new commercial license

  

  Bank of America Corp. is expanding in Brazil with a new commercial banking license that will allow it to take deposits and offer cash-management services to corporate clients in the country.

• Tuesday, May 24th 2011 - 00:40 UTC

  S&P revises upward Brazil’s sovereign credit rating from stable to positive

  

  Standard & Poor's said on Monday it had revised its outlook on Brazil's sovereign credit rating to “positive” from “stable,” citing the prospect for steady, long-term economic growth.

• Sunday, May 22nd 2011 - 23:06 UTC

  Brazil’s Real will depreciate when the US and Europe raise interest rates

  

  Dollar inflows into Brazil are returning to normal levels, and the Brazilian Real will start to depreciate once interest rates in the US and Europe start to rise, said Brazil Finance Minister Guido Mantega. He also anticipated tax reforms to boost Brazilian competitiveness.

• Sunday, May 22nd 2011 - 22:59 UTC

  Amazon tribe first contacted in 1986 has no abstract concept of time

  

  Amazonian tribe has no abstract concept of time, say researchers. The Amondawa lacks the linguistic structures that relate time and space - as in our idea of, for example, “working through the night”.