Brazil

• Wednesday, September 8th 2010 - 02:36 UTC

  “Steam roller” Rousseff collects more campaign funds than her eight rivals

  

  The Brazilian presidential electoral campaign for pro-government candidate Dilma Rousseff has gathered more funds than the campaigns of her eight rivals combined, according to data published by the TSE Superior Electoral Tribunal.

• Tuesday, September 7th 2010 - 05:59 UTC

  Landslide Bulgarian vote for Dilma Rousseff president of Brazil

  

  Bulgaria has been trapped by a “Dilma fever” given the almost certain victory of the Brazilian ruling party’s presidential candidate Dilma Rousseff whose family came from Bulgaria.

• Tuesday, September 7th 2010 - 05:42 UTC

  Analysts and government forecast Brazilian economy set to expand 7.3% in 2010

  

  Analysts covering Brazil’s economy raised their forecast for GDP growth this year to 7.34%, according to a central bank survey. Economists held their 2011 economic growth forecast unchanged at 4.5%, according to the median estimate in a survey of 100 analysts taken September 3 and published Monday.

• Tuesday, September 7th 2010 - 05:21 UTC

  Brazil extends sovereignty over undersea continental shelf

  

  Brazil expanded the offshore area where drilling for crude or prospecting for minerals requires government authorization as it seeks to increase control over natural resources.

• Monday, September 6th 2010 - 05:05 UTC

  Brazilian investment fund purchases Burger King targets Latam expansion

  

  Burger King (NYSE:BKC) announced that it has agreed to sell the company to an investment firm based out of Brazil in a deal valued at approximately 4 billion US dollars, which includes the assumption of debt.

• Saturday, September 4th 2010 - 05:24 UTC

  Petrobras unveils world’s largest public share offering, but there are questions…

  

  The Brazilian state managed oil company Petrobras unveiled on Friday plans to sell up to 64.5 billion US dollars of new stock, in one of the world's largest public share offerings.

• Saturday, September 4th 2010 - 05:01 UTC

  Brazilian economy slows down but still expands at annualized 8.9%

  

  Brazil's economy grew 8.8% in the second quarter compared to the same period a year earlier due to strong domestic investment. The government statistics agency IBGE said Friday that capital spending spiked 26.5% in the April-June period compared to the same period last year.

• Thursday, September 2nd 2010 - 07:21 UTC

  Brazilian central bank keeps benchmark interest rate on hold at 10.75%

  

  Brazil's central bank held on Wednesday its benchmark interest rate at 10.75%, ending a monetary tightening cycle that helped cool the economy as the country prepares for October 3 presidential election.

• Thursday, September 2nd 2010 - 07:10 UTC

  Brazil announces major iron deposit discovery in Matto Grosso

  

  Brazil's Mato Grosso state government announced Wednesday it had registered a major mineral deposit discovery with an estimated 11.5 billion tons of iron ore of a 41% Fe grade plus another 428 million tons of phosphates.

• Thursday, September 2nd 2010 - 06:50 UTC

  Caterpillar expands manufacturing operations in Brazil to cater Mercosur

  

  Caterpillar Inc. (NYSE: CAT) announced Wednesday the expansion of its manufacturing operations in Brazil capitalizing on the expected growth of demand in the Mercosur regional block and Latin America.