Brazil

• 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”.

• Saturday, May 21st 2011 - 09:34 UTC

  Brazil/Argentine dispute abating as trade begins to normalize

  

  The trade dispute among Mercosur main partners seems to be abating from the moment Brazil authorized on Friday the introduction of 1.000 cars manufactured in Argentina that had been retained in Customs since the implementation of non automatic import licences.

• Saturday, May 21st 2011 - 09:06 UTC

  Brazilian auto workers on strike demanding improved profit-sharing

  

  Brazilian workers at a factory operated by the local unit of U.S. auto maker General Motors Co. walked off the job Friday, calling a 24-hour strike to protest the company's latest profit-sharing offer.

• Friday, May 20th 2011 - 19:29 UTC

  Brazil’s Golden Age–or Parade of White Elephants?

  

  by COHA Research Associate Augustus Urschel.
  The 2014 World Cup and 2016 Olympics.
  Winning the 2014 World Cup and 2016 Summer Olympic bids continues to have both intended and unexpected consequences for this year’s miracle country. On November 28, 2010, Brazilian police and soldiers seized the Complexo do Alemão, a large favela in the Northern Zone of Rio, from drug lords.