Brazil

• Thursday, April 22nd 2010 - 00:34 UTC

  Banco do Brasil buys 51% of Argentina’s fourth largest private bank

  

  Brazilian government controlled Banco do Brasil will pay 480 million US dollars for a 51% stake in Banco Patagonia, Argentina’s fourth largest private bank. The deal is pending regulatory approval both banks said in a release.

• Wednesday, April 21st 2010 - 03:29 UTC

  Brazilian government awards bid to build controversial Amazon dam

  

  The Brazilian government accepted bids Tuesday to build what would be the world’s third-largest hydroelectric dam in the Amazon. Officials proceeded with the auction immediately after a judge overturned another magistrate’s injunction blocking the tender and revoking the environmental permit for the 11,000 MW Belo Monte complex.

• Wednesday, April 21st 2010 - 03:16 UTC

  Lula da Silva says Brazil must extend a hand to Latinamerica’s poor countries

  

  President Lula da Silva defended his “diversification” diplomacy and said that Brazil must extend “a friendly hand” to all Latinamerican countries. He recalled that some interest groups in Brazil wanted him to strongly confront the governments of Bolivia and Paraguay because of differences over energy policies.

• Wednesday, April 21st 2010 - 03:04 UTC

  Brazil’s main presidential candidate considers Mercosur a “farce” and a “barrier”

  

  Brazil’s leading presidential candidate Jose Serra described Mercosur as a “farce” and a “barrier” for Brazil to sign trade agreements with other countries.

• Wednesday, April 21st 2010 - 02:52 UTC

  Stronger Yuan “critical” for a more stable world economy claims Brazil

  

  A stronger Chinese currency is “critical” for the good of the global economy, Brazil's central bank chief Henrique Meirelles said on Tuesday, joining a chorus of critics of China's foreign exchange policy.

• Wednesday, April 21st 2010 - 02:49 UTC

  Brazil, US top list of nations demanding private information on Google users

  

  Brazil and United States topped the list of nations demanding private information about Google users, according to a tool the web giant unveiled Tuesday.

• Saturday, April 17th 2010 - 06:34 UTC

  Brazil considering tax breaks and lower import tariffs to fight inflation

  

  Brazil is considering additional anti-inflationary measures such as tax breaks and lower import tariffs but monetary policy remains the main tool to control prices, Finance Ministry officials said on Friday.

• Saturday, April 17th 2010 - 03:08 UTC

  Foreign capital inflow to Latinamerica to grow 21% (190.4 billion USD) in 2010

  

  Foreign capital inflow to Latinamerica should increase by 21% this year over 2009 particularly because of Brazil and Mexico anticipates the Institute of International Finance, the world’s largest bankers’ association.

• Friday, April 16th 2010 - 00:10 UTC

  China agrees to invest heavily in Brazilian infrastructure

  

  China and Brazil bolstered their growing ties with trade and investment agreements on Thursday in Brasilia before a summit of the world's top four emerging markets that was cut back after China's leader decided to return home to deal with a major earthquake.

• Thursday, April 15th 2010 - 17:14 UTC

  Petrobras completes global presence by acquiring stake in Australian block

  

  Brazilian government managed energy giant Petrobras announced it acquired a 50% stake in an exploration block in Australia with significant natural gas potential. Petrobras acquired the stake from MEO Australia for 39 million USD.