Brazil

• Monday, October 25th 2010 - 21:28 UTC

  Brazil’s current account deficit at an annual record boosted by the strong Real

  

  Brazil’s 12-month current account gap widened to a record high in September as domestic demand and the Real appreciation boosted spending on imports.

• Monday, October 25th 2010 - 21:19 UTC

  Severe drought leaves major tributary of the Amazon almost dry

  

  A severe drought has dropped water levels on a major Amazon tributary to their lowest point since Brazilian officials began keeping records more than a century ago, the government reported Monday, cutting off dozens of communities who depend on the river for work and transportation.

• Monday, October 25th 2010 - 03:49 UTC

  Petrobras Confirms Tupi Field Could Hold 8 Billion Barrels

  

  Brazilian state-controlled energy giant Petrobras said Friday that the drilling of a new exploratory well at the offshore Tupi field confirms potential recoverable reserves of between 5-8 billion barrels of oil equivalent.

• Monday, October 25th 2010 - 02:33 UTC

  Serra promises “substantial” changes to relations with Mercosur if elected president

  

  Brazil’s presidential opposition candidate Jose Serra promised substantial changes to the country’s foreign policy if elected next Sunday. He specifically mentioned Brazil’s lobbying for a seat at the UN Security Council, the functioning of Mercosur and relations with Cuba and Iran.

• Sunday, October 24th 2010 - 03:00 UTC

  The Economist prefers Jose Serra as a better president but admits the inevitable

  

  Nevertheless it admits that Dilma Rousseff, with the help from outgoing president Lula da Silva, (and his extraordinary political gifts and innate pragmatism), will most probably be the winner.

• Saturday, October 23rd 2010 - 03:21 UTC

  South American soy producers ally “to avoid buyers’ manipulation”

  

  Argentina and Brazil are negotiating an alliance with other South American producers of grains and oilseeds to deal jointly with buyers in Asia and elsewhere, according to Brazilian Agriculture Minister Wagner Rossi.

• Saturday, October 23rd 2010 - 03:12 UTC

  Dilma ten percentage points ahead of Serra, with only a week left

  

  Brazil’s ruling party candidate Dilma Rousseff is pulling ahead in the presidential run-off as the focus of the campaign shifts away from controversial social issues and back to the economic gains of recent years.

• Friday, October 22nd 2010 - 03:23 UTC

  Brazil rejects any idea of NATO interfering in the South Atlantic

  

  Brazil rejects any interference of the North Atlantic Treaty Organization, NATO, in the South Atlantic or any idea of a similar organization at South Atlantic level, reports “O Estado de Sao Paulo”.

• Friday, October 22nd 2010 - 03:16 UTC

  Brazil set to grow 7.5% this year and 5.9% in 2011; inflation 5.1% and 5%

  

  Brazil’s GDP may grow 7.5% this year, up from a previous estimate of 7%, the Finance Ministry said in a report published on its website Thursday. The ministry also raised its forecast for average growth between 2010 and 2014 to 5.9%, from 5.7%.

• Friday, October 22nd 2010 - 03:07 UTC

  Geithner promises Brazil it won’t allow the US dollar to weaken

  

  US Treasury Secretary Timothy Geithner told Brazil’s Finance Minister Guido Mantega that the Obama administration won’t allow the US dollar to weaken, Mantega said.