Brazil

• Wednesday, December 8th 2010 - 17:04 UTC

  Brazilian iron-ore giant Vale traded at a premium in Hong Kong market debut

  

  Brazilian corporation Vale, the world's biggest iron ore miner, listed on Wednesday at the Hong Kong stock exchange where it traded at a premium to New York's close, as the company looks to raise its profile among Asian investors.

• Wednesday, December 8th 2010 - 00:58 UTC

  Higher rates expected to dent into Brazil’s booming auto sales

  

  Interest rates on financing car sales without a down payment have almost doubled in Brazil following last week’s liquidity tightening measures from the central bank, reports O Estado de Sao Paulo, adding that higher financial costs could dent automobile sales by as much as 20%.

• Tuesday, December 7th 2010 - 19:33 UTC

  Brazil’s multi-billion jet fighter purchase will be decided by Dilma Rousseff

  

  Brazilian President Lula da Silva has said he will not make a decision on a multi-billion-dollar jet fighter purchase before stepping down on January 1, state media reported.

• Tuesday, December 7th 2010 - 19:27 UTC

  Lula da Silva promises to veto bill on oil royalties sharing plan

  

  Brazilian President Lula da Silva said on Tuesday he would veto a plan to change the distribution of oil royalties among state governments, paving the way for the implementation of a legal overhaul of Brazil's oil sector.

• Tuesday, December 7th 2010 - 08:05 UTC

  Brazil and U.S. open-skies agreement; fully operational in 2015

  

  Representatives of the United States and Brazil have singed an Open-Skies aviation services agreement which will significantly liberalize U.S.-Brazil air services for airlines of both countries over a transition period, according to the U.S. Department of Transportation (DOT).

• Sunday, December 5th 2010 - 23:54 UTC

  “All is possible” regarding President Lula da Silva comeback in 2014

  

  Brazilian president Lula da Silva who steps down next January first could run for a third mandate in 2014, according to cabinet Secretary general Gilberto Carvalho.

• Sunday, December 5th 2010 - 16:33 UTC

  Drastic budget cuts anticipated if Brazil is to consolidate 3.3% of GDP surplus

  

  The incoming Brazilian administration next January first will have to implement a tougher program of savings than President Lula da Silva in 2003 if the primary budget surplus is to consolidate at 3.3% of GDP in 2011, according to economists from the prestigious think-tank Getulio Vargas Foundation, FGV.

• Saturday, December 4th 2010 - 06:53 UTC

  Partial announcement of Brazilian president-elect cabinet

  

  Brazil's president-elect on Friday named as her chief of staff a former aide to President Lula da Silva who was forced to resign as Finance minister in 2006 amid a corruption scandal.

• Saturday, December 4th 2010 - 06:48 UTC

  Brazil recognized the state of Palestine based on borders before 1967

  

  Brazil recognized on Friday the state of Palestine based on borders before Israel seized control of the West Bank in 1967. The foreign ministry said the recognition was in response to a request made by Palestinian President Mahmoud Abbas to President Lula da Silva earlier this year.

• Saturday, December 4th 2010 - 02:59 UTC

  China, Brazil announce “macro-prudent” measures to cut liquidity, tighten credit

  

  Two of the strongest emerging economies Brazil and China announced Friday measures to withdraw liquidity tighten credit and contain inflation. Brazil’s “macro-prudent” measures are geared to cut on money circulation, while China said monetary emphasis will change from “relatively loose” to “prudent”.