Brazil

Tuesday, June 7th 2011 - 23:06 UTC
Brazil inflation slows down in May; Central bank decides Wednesday on rates

Brazilian inflation slowed to its lowest level in eight months in May as fuel costs dropped. The sharp drop in the monthly inflation reading provided relief to policymakers who have battled surging prices this year with three interest rate hikes, public spending cuts and steps such as credit curbs to take steam out of the economy.
Tuesday, June 7th 2011 - 22:59 UTC
Brazil, Uruguay, Chile and Peru shoppers, most promising for retail expansion

Brazil, Uruguay, Chile and Peru figure among the short list of top ranked developing countries for global retail expansion. In the 10th annual Global Retail Development Index (GRDI), elaborated by global management consulting firm A.T. Kearney, Brazil jumped to first place from number 5 in last year’s study.
Tuesday, June 7th 2011 - 06:07 UTC
Argentina hosts first meeting of Unasur Economy and Finance Council

Argentina will be hosting on Thursday the first meeting of the South American Economy and Finance Council that will bring together Economy ministers and Central bank governors from members of Unasur, Union of South American Nations.
Tuesday, June 7th 2011 - 01:25 UTC
Brazil government celebrates Humala’s victory; invites president-elect to Brasilia

Brazil’s presidential foreign affairs advisor Marco Aurelio Garcia celebrated the victory of nationalist Peruvian president elect Ollanta Humala who beat Keiko Fujimori in the Sunday run off by a minimum difference.
Tuesday, June 7th 2011 - 01:22 UTC
“Dilma is being manipulated and eclipsed by Lula da Silva” claims the opposition

Brazilian president Dilma Rousseff’s handling of her cabinet chief Antonio Palocci crisis has come under heavy flack from the opposition who warned that she is losing image and is being eclipsed by former president Lula da Silva.
Monday, June 6th 2011 - 21:33 UTC
Brazilian exporters warn of de-industrialization because of massive imports

The increase in imports during the first quarter of this year could indicate Brazil has begun a de-industrialization process, cautioned Jose Augusto de Castro, president of the country’s Foreign Trade Association, AEB.
Monday, June 6th 2011 - 06:56 UTC
On Monday Customs delayed back-log of Argentina made-cars should be in Brazil

Argentina and Brazil seem to be again on the path of normalizing bilateral trade following the mid May spat that triggered a round of technical exchanges in Buenos Aires and a final meeting at ministerial level in Brasilia. On Monday, allegedly all the Argentine cars delayed in the border will have been cleared into Brazil.
Monday, June 6th 2011 - 06:09 UTC
Rousseff and ‘godfather’ Lula da Silva meet to decide on the Palocci crisis

Brazilian President Dilma Rousseff was expected to consult her predecessor Lula da Silva before deciding whether to dismiss Cabinet Chief Antonio Palocci, who has come under scrutiny for consulting fees he earned while managing Rousseff’s election campaign, according to the Sao Paulo press.
Friday, June 3rd 2011 - 23:29 UTC
Brazil expanded at an annualized 5% in first quarter, will grow “modestly” in 2Q

Brazil's first quarter GDP grew 1.3% compared to the previous quarter – an annualized rate of over 5% – and 4.2% against the first quarter of 2010 revealed on Friday the Brazilian government.
Friday, June 3rd 2011 - 12:43 UTC
Hyundai plans to produce 150.00 vehicles at its first plant in Brazil

Hyundai Motor Company, South Korea’s largest automaker is constructing its seventh overseas plant in Piracicaba, Sao Paulo state, Brazil to actively respond to soaring demand in one of the world’s fastest growing markets and to bring its manufacturing presence in so-called BRIC countries full circle.