Brazil

• Wednesday, April 27th 2011 - 08:34 UTC

  Brazilian government trying to calm inflation fears; warns of ‘prolonged effort’

  

  Brazil’s central bank President Alexandre Tombini admitted that slowing inflation back to target next year will require a “prolonged” and incisive effort.

• Tuesday, April 26th 2011 - 02:20 UTC

  Pacific accord “no conflict” for Mercosur or Unasur, says Brazil

  

  The pro-business block initiative that will be signed this week by Pacific countries leaders from Chile, Peru, Mexico and Colombia presents no potential conflict for Brazil or Mercosur said on Monday the Brazilian Foreign Affairs ministry.

• Tuesday, April 26th 2011 - 01:57 UTC

  Brazil needs a budget surplus and strong savings, recommends former president

  

  It is not possible to control the value of Brazil's currency through taxes on foreign capital, former President Fernando Cardoso told the US network Consumer News and Business Channel, CNBC.

• Tuesday, April 26th 2011 - 01:49 UTC

  Rousseff admits she is “immensely worried” with inflation

  

  Brazilian President Dilma Rousseff said on Monday she is “immensely worried” about inflation near the top of the official target range and that the government will act to keep prices from rising further.

• Tuesday, April 26th 2011 - 01:46 UTC

  Banco do Brasil moves into the US and buys Florida based bank

  

  Latin America's largest bank by assets, Brazil's government-controlled Banco do Brasil will invest 25 million US dollars in its newly acquired U.S. operations as it continues to roll out its international expansion plan. The announcement follows the signing on Monday of a contract to buy Florida based EuroBank for 6 million US dollars.

• Tuesday, April 26th 2011 - 00:45 UTC

  Brazil moving to cut share of inflation-linked federal debt bonds

  

  Brazil's federal public debt rose in March as the government issued more debt than it redeemed and paid higher servicing costs, the national treasury said on Monday.

• Monday, April 25th 2011 - 07:54 UTC

  Rousseff further intervenes in Brazil’s leading corporation

  

  Vale, the world’s largest iron-ore producer, named Brazil’s Deputy Finance Minister Nelson Barbosa, (a close ally of President Dilma Rousseff) as a member of the board after announcing earlier this month the replacement of its chief executive officer.

• Monday, April 25th 2011 - 07:20 UTC

  Gary Garrabrant of Equity International to attend Brazil's largest real estate event

  

  Gary Garrabrant, CEO and co-founder (with Sam Zell) of Equity International, has confirmed his presence at ADIT Invest, Brazil's biggest event in the field of real estate and tourism investment, to be held in Fortaleza from 10 – 12 May.

• Friday, April 22nd 2011 - 05:05 UTC

  Mercosur and South America, remain top priorities of Brazilian diplomacy

  

  South American countries, particularly Mercosur members remain as top priority of Brazil’s foreign policy confirmed this week President Dilma Rousseff.

• Thursday, April 21st 2011 - 21:29 UTC

  Brazilian company JBS dominates world beef industry from farm to fork

  By Juan Forero, Thursday (The Washington Post)
  The following piece is a brief history of a Brazilian family business which in a few decades, climbed aggressively to become the world’s largest provider of meat. The piece however, we believe, lacks reference to the Brazilian government’s strong financial support to these enterprises that become global corporations flying the green/yellow colours.