Brazil

• Tuesday, September 27th 2011 - 01:39 UTC

  Brazilian officials committed to protect the Real from international volatility

  

  Brazil’s Finance Minister Guido Mantega returned home early from the IMF/World Bank meetings in Washington this weekend, after a plunge in the Real extended the world’s biggest currency slump over the past month.

• Monday, September 26th 2011 - 18:33 UTC

  Uruguay begins negotiations to mitigate Brazilian trade restrictions

  

  A Uruguayan government delegation will begin talks on Tuesday in Brazil to address the latest restrictions imposed by Mercosur largest member and which threaten several manufacturing sectors, particularly the auto industry, said Foreign Affairs minister Luis Almagro.

• Monday, September 26th 2011 - 06:27 UTC

  The Economist analyzes trade restrictions (protectionism) in Argentina and Brazil

  

  The Economist in its latest edition has a two-chapter piece on trade restrictions imposed by South America’s two biggest economies. The first (“Keep Out”) refers to Argentina and the second (“A self made siege’) to Brazil.

• Monday, September 26th 2011 - 03:53 UTC

  LAN assessing regulator’s tough conditions for the takeover of Brazil’s TAM

  

  LAN Airlines said it hopes its multibillion-dollar takeover of Brazil's TAM will be completed in the first quarter of 2012, but it is studying conditions imposed by Chile's regulator.

• Friday, September 23rd 2011 - 21:52 UTC

  Brazilian aircraft and radars to combat drug trafficking in Central America

  

  Guatemala will purchase six Brazilian military aircraft Super Tucano, radars and other equipment to combat the narcotics trade traffic of which the Central American country is considered a crucial link between South America and the United States.

• Friday, September 23rd 2011 - 07:38 UTC

  Brazilian Catholic bishops join anit-corrution protests and call for ‘deep reforms’

  

  Brazilian Catholic bishops called for “a profound political reform” against corruption and strongly supported the popular protests that have erupted in the country following the disclosure of several scandals that have swept away four ministers and has reached the doorsteps of Congress.

• Friday, September 23rd 2011 - 01:31 UTC

  Brazil will hold off plans for fighter jets purchase for another twelve months

  

  Brazil will hold off plans to purchase new fighter jets until at least 2012 as the government cuts spending to fight the global economic crisis, Brazilian Foreign Minister Antonio Patriota said in New York.

• Thursday, September 22nd 2011 - 22:42 UTC

  Brazil’s August unemployment stable at 6% in tight labour market

  

  Brazil’s unemployment rate remained unchanged at 6% in August, a record low for the month while average real wages rose 0.5% from the previous months to 1,629.40 Reais (839.16 US dollars) a month, the government statistics agency IBGE report showed.

• Thursday, September 22nd 2011 - 21:52 UTC

  Brazil to the rescue of the Real which is down 17% against the dollar in 4 weeks

  

  Brazil's central bank unexpectedly acted to halt the currency's slide on Thursday, highlighting growing concern among officials that the global financial crisis is damaging Brazil's economy and could cause a potentially destructive spurt in inflation.

• Thursday, September 22nd 2011 - 08:27 UTC

  Petrobras confirms ultra-deep water Sergipe-Alagoas oil and gas province

  

  Brazilian major oil corporation Petrobras has discovered oil and natural gas accumulations in the ultra-deepwater of the Sergipe-Alagoas Basin offshore northeast Brazil.