Brazil

• Wednesday, May 18th 2011 - 16:28 UTC

  Brazil satisfied with measures to cut ‘torrential inflow’ of US dollars

  

  Brazil’s Finance Minister Guido Mantega said dollar inflows into the country have returned to a “reasonable” level, after the government took steps to stem a flood of foreign money.

• Wednesday, May 18th 2011 - 06:48 UTC

  Global operators anticipate “tourism explosion” from China, India and Brazil

  

  China, India and Brazil are poised to fuel an explosion in international tourism in the coming years helping to create jobs in countries ready for it, and trouble for those that lag, industry leaders say.

• Tuesday, May 17th 2011 - 23:12 UTC

  Argentina/Brazil meet next week to address trade differences

  

  Argentina and Brazil agreed Tuesday to resume ‘constructive’ trade negotiations to overcome the current bilateral dispute which surfaced following the latest protectionist measures that threaten exports from the two main Mercosur partners.

• Tuesday, May 17th 2011 - 17:39 UTC

  Brazil non automatic import licences on blankets from China and Uruguay

  

  Brazil announced it was imposing non automatic import licences on synthetic fibre blankets from Paraguay, Uruguay and China, according to an official communiqué from the Brazilian Ministry of Development, Industry and Foreign Trade released Tuesday.

• Tuesday, May 17th 2011 - 15:42 UTC

  Brazil insists with an emerging economy Managing Director for the IMF

  

  Brazil’s former Foreign Affairs minister Celso Amorim said that the next IMF Managing Director must come from an emerging economy if Dominique Strauss-Kahn, currently in custody in New York on alleged rape charges finally looses his job.

• Tuesday, May 17th 2011 - 15:35 UTC

  Brazilian banks and funds create company to build deep-water rigs for Petrobras

  

  A group of Brazilian banks and funds have created a company called Sete Brasil that will build seven deep-water rigs for state-run oil company Petrobras offshore exploration campaign, Petrobras announced on Monday.

• Tuesday, May 17th 2011 - 15:31 UTC

  Brazil’s Vale wants to become world leader in nickel production

  

  Brazil’s Vale, the world’s leading exporter of iron ore is moving strongly into other minerals with the opening of its first nickel operation in Onca Puma to the southeast of Pará state which is considered one of the largest ferronickel production plants in the world.

• Tuesday, May 17th 2011 - 05:58 UTC

  Argentina/Brazil agree to attempt dialogue to overcome latest trade dispute

  

  Argentine Minister for Industry, Debora Giorgi will meet in coming hours with Brazilian Ambassador, Enio Cordeiro, to schedule a series of meetings to address trade disputes between the two neighbouring countries and main Mercosur associates.

• Tuesday, May 17th 2011 - 05:51 UTC

  China ready to increase trade and investments in Brazil but infrastructure lacking

  

  China moved to smooth economic relations with Brazil on Monday, saying it was open to more Brazilian exports and that Chinese firms will broaden their investments in the country.

• Tuesday, May 17th 2011 - 00:53 UTC

  South Korea and Brazilian lawmakers committed to expand links with Mercosur

  

  Parliamentary leaders of South Korea and Brazil agreed Monday in Seoul to put forth efforts to promote economic ties between the two nations in the framework of Mercosur, through closer interactions at the parliamentary level.