Brazil

• Saturday, July 16th 2011 - 07:25 UTC

  Move closer to Brazil politically and economically, says US Foreign Relations Council

  

  Influential foreign policy experts at the New York based Council on Foreign Relations (CFR) think the United States should move closer to Brazil politically and economically and recommend the creation of a Brazilian affairs office at the National Security Council.

• Friday, July 15th 2011 - 16:31 UTC

  Plan to support Brazilian industry from foreign protectionism to be announced August 2

  

  Brazil’s president Dilma Rousseff announced Thursday night the launching of a new plan aimed to boost and protect Brazilian industry against international competition and at the same called for a technological development leap forward.

• Friday, July 15th 2011 - 06:25 UTC

  Argentina denies restrictions in trade with Brazil; admits ‘logical differences’

  

  Argentina’s trade relation with Brazil does not have restrictions and “it’s understandable that some differences surface” when bilateral trade will be reaching over 40 billion dollars this year, said Argentine Industry Ministry sources in Buenos Aires.

• Thursday, July 14th 2011 - 22:09 UTC

  Brazil has a “North Sea of oil” along its Atlantic coast, says Petrobras

  

  Brazil’s oil reserves, including recent discoveries in deep waters of the Atlantic Ocean, are of a similar size to those found in the North Sea, said a Petrobras exploration official in an interview in London.

• Thursday, July 14th 2011 - 07:17 UTC

  Stormy forecast for President Rousseff ten-party ruling coalition

  

  Brazilian president Dilma Rousseff is facing further political unrest in the ruling coalition following the naming of a new Transport Minister, apparently a unilateral decision that was not shared by several allies.

• Wednesday, July 13th 2011 - 18:55 UTC

  One bite too much for Brazil’s biggest TV dinner and frozen meat maker

  

  Brasil Foods, Brazil’s biggest maker of TV dinners and frozen meat products, won conditional approval of its 3.8 billion US dollars takeover of rival Sadia SA as Brazilian regulators ordered it to stop using a top brand and sell some assets to ensure domestic competition.

• Wednesday, July 13th 2011 - 16:16 UTC

  Battle for majority control of Brazil’s retail industry falls through

  

  Brazilian retail tycoon Abilio Diniz has suspended plans to merge his supermarket chain Grupo Pao de Acucar with the local arm of France's Carrefour. The move comes after the Brazilian state development bank BNDES and a private fund backed out of supporting the deal.

• Wednesday, July 13th 2011 - 10:24 UTC

  Brazil confident it can control inflation in second half and moderate capital inflow

  

  The Brazilian central bank is comfortable with its inflation forecast for 2011 despite a stronger-than-expected June reading, which spurred speculation that even higher interest rates will be necessary to keep prices in check.

• Tuesday, July 12th 2011 - 21:01 UTC

  Brazil’s 2016 Olympics deadline running faster that the high-speed train project

  

  Brazil's ambitious high-speed train project was postponed once again due to a lack of bidders but Brazilian officials anticipated they would hold two separate bids for the project to link Rio de Janeiro and Sao Paulo on time for the 2016 Olympic Games.

• Monday, July 11th 2011 - 18:17 UTC

  “Sweet” sugar futures until the northern hemisphere crop is harvested

  

  Sugar supplies will remain limited until the 2012-13 harvest begins in top producer Brazil, broker FCStone do Brasil said citing futures traded in New York. The rise in sugar price helped push the FAO Food Price Index to 234 points in June, which is 39% higher than a year ago.