Brazil

• Thursday, April 28th 2011 - 06:39 UTC

  Brazil’s bank lending slows down as government curbs credit

  

  Brazil’s bank lending expanded in March at the second-slowest pace in 13 months as the government stepped up efforts to contain demand and inflation by curbing credit to consumers.

• Wednesday, April 27th 2011 - 15:20 UTC

  Peugeot-Citroen marks two production milestones in Argentina and Brazil

  

  France’s PSA Peugeot Citroen recently marked two production milestones in Latin America. Production of the one-millionth vehicle at the Palomar plant in Argentina coincided with production of the one-millionth engine at the company’s Porto Real plant in the State of Rio de Janeiro, Brazil.

• Wednesday, April 27th 2011 - 11:11 UTC

  Brazil’s strong currency fuels current account deficit in March

  

  Brazil's current account deficit ballooned to a record for the month of March as foreign companies in Brazil sent more profits home and Brazilians spent more on travel and goods overseas.

• Wednesday, April 27th 2011 - 08:54 UTC

  Brazil’s five largest airports will be managed under concession by private sector

  

  Brazil is planning to hand over the country's five largest airports to the private sector through concession agreements, in an effort to accelerate upgrades ahead of two major international events, Brazilian presidential Chief of Staff Antonio Palocci said Tuesday.

• Wednesday, April 27th 2011 - 08:34 UTC

  Brazilian government trying to calm inflation fears; warns of ‘prolonged effort’

  

  Brazil’s central bank President Alexandre Tombini admitted that slowing inflation back to target next year will require a “prolonged” and incisive effort.

• Tuesday, April 26th 2011 - 02:20 UTC

  Pacific accord “no conflict” for Mercosur or Unasur, says Brazil

  

  The pro-business block initiative that will be signed this week by Pacific countries leaders from Chile, Peru, Mexico and Colombia presents no potential conflict for Brazil or Mercosur said on Monday the Brazilian Foreign Affairs ministry.

• Tuesday, April 26th 2011 - 01:57 UTC

  Brazil needs a budget surplus and strong savings, recommends former president

  

  It is not possible to control the value of Brazil's currency through taxes on foreign capital, former President Fernando Cardoso told the US network Consumer News and Business Channel, CNBC.

• Tuesday, April 26th 2011 - 01:49 UTC

  Rousseff admits she is “immensely worried” with inflation

  

  Brazilian President Dilma Rousseff said on Monday she is “immensely worried” about inflation near the top of the official target range and that the government will act to keep prices from rising further.

• Tuesday, April 26th 2011 - 01:46 UTC

  Banco do Brasil moves into the US and buys Florida based bank

  

  Latin America's largest bank by assets, Brazil's government-controlled Banco do Brasil will invest 25 million US dollars in its newly acquired U.S. operations as it continues to roll out its international expansion plan. The announcement follows the signing on Monday of a contract to buy Florida based EuroBank for 6 million US dollars.

• Tuesday, April 26th 2011 - 00:45 UTC

  Brazil moving to cut share of inflation-linked federal debt bonds

  

  Brazil's federal public debt rose in March as the government issued more debt than it redeemed and paid higher servicing costs, the national treasury said on Monday.