Brazil

Monday, August 8th 2011 - 04:37 UTC
Brazilean President Rousseff looses another top official to corruption

The Brazilian congressional opposition promised to block legislative work in both Houses until the government accepts the creation of a Special Investigation Commission, CPI, to look into alleged corruption practices in several ministries from the administration of President Dilma Rousseff.
Monday, August 8th 2011 - 04:33 UTC
Brazil remains faithful to the dollar and has no plans to sell US Treasuries

Brazil has no plans to sell US Treasuries or change its foreign currency reserves holdings as a result of Standard & Poor’s downgrade of the US’s credit rating, a government official said.
Saturday, August 6th 2011 - 08:41 UTC
Canadian PM will visit Brazil, Colombia and Central America

Canadian Prime Minister Stephen Harper will visit Brazil, Colombia, Costa Rica and Honduras from August 8 to 12 to promote trade and investments, reinforce democratic governance and advance common security, according to a release from the PM’s office.
Saturday, August 6th 2011 - 08:29 UTC
Soft loans for Brazilian suppliers of the oil and gas industry

Brazil’s state-owned BNDES development bank said it planned to provide about 2.55 billion dollars in financing over the next four years to suppliers to the country’s oil and gas industry.
Saturday, August 6th 2011 - 08:26 UTC
Germany’s BMW planning assembly plant in Brazil to cater Mercosur luxury car demand

German automaker BMW said this week it would probably build its first assembly plant in Brazil after strong demand for luxury cars generated stellar earnings for the global leader.
Friday, August 5th 2011 - 19:55 UTC
Lula da Silva comes out in strong support Celso Amorim as defence minister

Brazilian former president Lula da Silva came out in full support of the latest cabinet reshuffle by President Dilma Rousseff who sacked the Minister of Defence Nelson Jobim following some derogatory remarks about the cabinet chief and the head of institutional relations (mainly with Congress).
Friday, August 5th 2011 - 07:54 UTC
Celso Amorim Brazil’s new Defence minister; Jobim out on derogatory remarks

Brazilian Defence Minister Nelson Jobim resigned after criticizing recent government names to reporters and will be replaced by ex-foreign minister Celso Amorim, the president's office said Thursday.
Thursday, August 4th 2011 - 06:39 UTC
Brazil to request additional exceptions from Mercosur common external tariff

Brazil will request at least 100 additional exceptions from Mercosur common external tariff, TEC, as part of the program to prop local industry that was announced earlier this week and includes tax relief to the tune of 16 billion dollars.
Thursday, August 4th 2011 - 06:36 UTC
July marked the second largest net inflow, in record, of dollars into Brazil: 15.8bn

Brazil registered its second-largest volume of net monthly foreign-exchange inflows on record in July. Net dollar inflows in the month reached 15.83 billion, compared with 2.56 billion in net outflows in June and only 713 million in net inflows in July last year.
Wednesday, August 3rd 2011 - 22:11 UTC
“Buy Brazil Act” and Super Real are here to stay, says Minister

Brazil's strong currency (the so-called Super Real) is here to stay, and businesses have to get used to this new environment, said Trade and Industry Minister Fernando Pimentel a day after the government announced a massive industry support program which was described is the equivalent of the US “Buy America Act”