Brazil

• Friday, April 29th 2011 - 23:23 UTC

  World Cup, Olympics, excellent opportunity to promote the Brazil brand

  

  Rio de Janeiro's hosting of the 2014 World Cup and the 2016 Olympics is an unprecedented chance to promote the Brazil brand and ensure a legacy of economic and social benefits, former British Prime Minister Tony Blair said on Friday.

• Friday, April 29th 2011 - 05:47 UTC

  Brazil’s mining giant buys stake in controversial Amazon dam project

  

  Brazil giant mining corporation Vale SA, in which the government has a dominating stake position, agreed to buy a stake in a controversial hydro-power project in the Amazon and invest about 2.3 billion Real (1.5 billion USD).

• Friday, April 29th 2011 - 05:40 UTC

  Brazilian exporters demanding a “weaker” Real to regain competitive edge

  

  The strength of the Brazilian Real against the US dollar is “very worrying” for the country's exporters, with many companies struggling with higher production costs and a reduced ability to compete in global markets, Bunge Brasil CEO Pedro Parente said Thursday.

• Friday, April 29th 2011 - 05:37 UTC

  High interest rates in Brazil for a long period, anticipates central bank

  

  The Brazilian central bank said it will raise interest rates at a slower pace for a longer period than initially planned as the country’s inflation outlook worsens, according to the minutes of its April 19-20 meeting.

• Thursday, April 28th 2011 - 18:48 UTC

  EU report quantifies losses for farmers from a trade accord with Mercosur

  

  A week before the next round of negotiations for an ambitious association and trade agreement between the European Union and Mercosur, a paper from the EU Joint Research Study centre, JRS, quantifies the alleged losses of such a deal for European farmers.

• Thursday, April 28th 2011 - 06:43 UTC

  UN claims human rights violations in Brazil’s preparations for World Cup

  

  An independent United Nations human rights expert this week voiced concern about alleged displacement and evictions in various cities across Brazil as the country prepares to host the 2014 soccer World Cup and the 2016 Olympic Games.

• Thursday, April 28th 2011 - 06:39 UTC

  Brazil’s bank lending slows down as government curbs credit

  

  Brazil’s bank lending expanded in March at the second-slowest pace in 13 months as the government stepped up efforts to contain demand and inflation by curbing credit to consumers.

• Wednesday, April 27th 2011 - 15:20 UTC

  Peugeot-Citroen marks two production milestones in Argentina and Brazil

  

  France’s PSA Peugeot Citroen recently marked two production milestones in Latin America. Production of the one-millionth vehicle at the Palomar plant in Argentina coincided with production of the one-millionth engine at the company’s Porto Real plant in the State of Rio de Janeiro, Brazil.

• Wednesday, April 27th 2011 - 11:11 UTC

  Brazil’s strong currency fuels current account deficit in March

  

  Brazil's current account deficit ballooned to a record for the month of March as foreign companies in Brazil sent more profits home and Brazilians spent more on travel and goods overseas.

• Wednesday, April 27th 2011 - 08:54 UTC

  Brazil’s five largest airports will be managed under concession by private sector

  

  Brazil is planning to hand over the country's five largest airports to the private sector through concession agreements, in an effort to accelerate upgrades ahead of two major international events, Brazilian presidential Chief of Staff Antonio Palocci said Tuesday.