Brazil

Thursday, June 17th 2010 - 06:01 UTC
Brazilian retail sales fall more than expected in April, in spite of World Cup

Brazilian retail sales declined 3% month-on-month in April, with only two of the ten surveyed sales components recording gains, the statistical agency IBGE said Wednesday. Economists were expecting sales to drop at a much slower rate of 1.6%.
Wednesday, June 16th 2010 - 04:52 UTC
Brazil denies, and will not accept, contacts with Falklands’ oil industry

The Brazilian government denied that the Falkland Islands “have been looking for business options in Brazil” specifically linked to hydrocarbons exploration, according to the head of the South American Desk at the Brazilian Foreign Affairs ministry.
Monday, June 14th 2010 - 04:27 UTC
Serra blasts Lula da Silva’s foreign policy in ‘support of dictators’

Brazil can’t continue to support dictators and regimes that ignore human rights, said opposition presidential hopeful during the Brazilian Social Democracy Party, PSDB, national convention that confirmed him as his grouping’s candidate for October 3.
Monday, June 14th 2010 - 04:24 UTC
Rousseff promises a Lula da Silva tailored Brazil with a woman’s heart and soul

President Lula da Silva’s former cabinet chief Dilma Rousseff was officially proclaimed Sunday as the ruling Workers’ Party presidential candidate for the coming October elections.
Monday, June 14th 2010 - 03:52 UTC
“I’m running again but my name now is Dilma Roussef” said Lula da Silva

President Lula da Silva said that this coming October election will be the first since 1985 that his name won’ figure, “but to fill that void I will change my name and I will call myself Dilma Rousseff”.
Friday, June 11th 2010 - 05:44 UTC
Trying to cool the economy Brazil raises basic interest rate 75 point to 10.25%

Brazil’s central bank raised its benchmark Selic interest rate for a second straight meeting to contain inflation following strong signs the economy is overheating.
Thursday, June 10th 2010 - 18:28 UTC
Lula da Silva says “espionage plot” on opposition candidate is a ‘set up’

Brazilian president Lula da Silva talked for the first time about the alleged espionage plot against opposition presidential candidate Jose Serra and described the whole operation as an ‘absurd set up’ with electoral purposes.
Thursday, June 10th 2010 - 18:17 UTC
Brazil-Paraguay discussions to review the Itaipú Treaty are ‘done and over’

For Brazil the renegotiation of the Itaipú dam treaty between Brazil and Paraguay ‘is over’ following on last year’s declaration of Presidents Lula da Silva and Fernando Lugo, said Marco Aurelio García the Brazilian president main advisor in international affairs.
Thursday, June 10th 2010 - 06:48 UTC
Mini-Watergate scandal involves Brazilian incumbent presidential campaign

A mini Watergate Brazilian-style is emerging following statements from a former high ranking intelligence police officer who claims he was contracted by members of the incumbent presidential candidate team to spy on her main opponent.
Thursday, June 10th 2010 - 06:47 UTC
Chinese exports displace Brazilian goods overseas and at home

Brazil lost an estimated 12.6 billion US dollars in exports between 2004 and 2009 because of Chinese penetration in the country’s main international markets according to a report from the powerful Federation of Sao Paulo States industries, FIESP, released Wednesday.