Brazil

• Wednesday, June 8th 2011 - 23:03 UTC

  Rocketing values for cattle in Brazil anticipate ‘beef prices will remain high’

  

  World beef prices look set to stay high long term given the rocketing prices of raising cattle in Brazil, and the lack of an obvious successor as the world's low-cost producer.

• Wednesday, June 8th 2011 - 03:14 UTC

  “A Lula da Silva man steps down; a Dilma woman moves in”

  

  Brazilian Senator Gleisi Helena Hoffmann, 45, wife of Communications Minister Paulo Bernardo has been chosen by President Dilma Rousseff to replace outcast Antonio Palocci as chief of staff.

• Wednesday, June 8th 2011 - 02:28 UTC

  Embattled Palocci, the most influential official in Brazil’s cabinet, resigns

  

  Brazil’s embattled Chief of Staff Antonio Palocci described by fellow ministers as the most influential official in President Dilma Rousseff's government resigned on Tuesday to prevent a scandal over his finances from becoming an ongoing distraction for the administration.

• Tuesday, June 7th 2011 - 23:06 UTC

  Brazil inflation slows down in May; Central bank decides Wednesday on rates

  

  Brazilian inflation slowed to its lowest level in eight months in May as fuel costs dropped. The sharp drop in the monthly inflation reading provided relief to policymakers who have battled surging prices this year with three interest rate hikes, public spending cuts and steps such as credit curbs to take steam out of the economy.

• Tuesday, June 7th 2011 - 22:59 UTC

  Brazil, Uruguay, Chile and Peru shoppers, most promising for retail expansion

  

  Brazil, Uruguay, Chile and Peru figure among the short list of top ranked developing countries for global retail expansion. In the 10th annual Global Retail Development Index (GRDI), elaborated by global management consulting firm A.T. Kearney, Brazil jumped to first place from number 5 in last year’s study.

• Tuesday, June 7th 2011 - 06:07 UTC

  Argentina hosts first meeting of Unasur Economy and Finance Council

  

  Argentina will be hosting on Thursday the first meeting of the South American Economy and Finance Council that will bring together Economy ministers and Central bank governors from members of Unasur, Union of South American Nations.

• Tuesday, June 7th 2011 - 01:25 UTC

  Brazil government celebrates Humala’s victory; invites president-elect to Brasilia

  

  Brazil’s presidential foreign affairs advisor Marco Aurelio Garcia celebrated the victory of nationalist Peruvian president elect Ollanta Humala who beat Keiko Fujimori in the Sunday run off by a minimum difference.

• 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.