Brazil

• Monday, January 17th 2011 - 20:59 UTC

  Brazilean Central Bank Intervenes in Futures Dollar Market to Stop Real Appreciation

  

  Dilma Rousseff has taken measures to stop the appreciation of the real. The Brazilian Central Bank swapped all of the currency futures contracts in a reverse swap auction. This way the institution headed by Alexandre Tombini disembarks in the futures market.

• Monday, January 17th 2011 - 06:14 UTC

  Army deployed in Rio de Janeiro state to assit with the rescue efforts

  

  Rains that devastated a mountainous region north of Rio de Janeiro have killed at least 626 people, Brazil's Civil Defense agency said on Sunday, as fears of more storms and disease outbreaks overshadowed rescue operations.

• Friday, January 14th 2011 - 02:22 UTC

  Brazil flood deaths rise to 500

  

  Rescue workers struggled to reach areas cut off by devastating floods and landslides that have killed at least 500 people in one of Brazil's worst natural disasters in decades.

• Wednesday, January 12th 2011 - 17:58 UTC

  Brazilian Offshore Subsea Lab

  

  The Brazilian government and Navy are considering an ambitious plan for launching an offshore subsea lab to be located at the limit of the country´s territorial waters and beyond the farthest pre-salt play

• Tuesday, January 11th 2011 - 22:08 UTC

  Inflation forces Argentina to urgent import of note bills from Brazil

  

  A shortage of bills that has led to lines and protests outside Argentine banks since mid-December may be resolved by next week after the country boosted imports of notes printed in Brazil.

• Thursday, January 6th 2011 - 20:48 UTC

  Brazil enforces new reserve requirements to weaken the Real vis-à-vis US dollar

  

  The Brazilian currency Real weakened after the central bank introduced reserve requirements on short positions in U.S. dollars held by local banks with the purpose of weakening the Real which this week reached a historic high against the greenback.

• Thursday, January 6th 2011 - 11:00 UTC

  Super Real and imports surge behind Brazil’s smallest trade surplus in eight years

  

  Brazil’s trade surplus fell 19.8% in 2010 to 20.28 billion USD, the smallest in eight years. Exports grew 31.4% to 201.9 billion, a new record, but imports surged 41.6% to 181.64 billion, the Ministry of Development, Industry and Commerce said this week.

• Wednesday, January 5th 2011 - 09:09 UTC

  Brazil and Chile Battle Rising Currencies

  

  Brazil on Tuesday threatened tougher capital controls and other measures to keep its currency from rising against the dollar, a day after Chile's central bank unveiled its own $12 billion plan to buy greenbacks.

• Sunday, January 2nd 2011 - 21:07 UTC

  President Rousseff promises greater consistence for Mercosur and Unasur

  

  In her inauguration speech Brazilian President Dilma Rousseff promised greater consistence for Mercosur and Unasur so that the region can become an essential component of the “coming multipolar world”. She also anticiapted closer relations with all countries from Latinamerica, the Caribbean and Africa and the peoples of Middle East and a greater role for Brazil in world political and financial affairs.

• Thursday, December 30th 2010 - 08:12 UTC

  Lula da Silva has his own oil field according to Petrobras

  

  Brazilian state-controlled energy giant Petrobras on Wednesday confirmed the commercial viability of two massive offshore oil and gas fields located deep beneath the ocean floor, announcing that one of them will now be known as “Lula.”