Brazil

• Tuesday, May 24th 2011 - 01:01 UTC

  Bank of America expands in Brazil with new commercial license

  

  Bank of America Corp. is expanding in Brazil with a new commercial banking license that will allow it to take deposits and offer cash-management services to corporate clients in the country.

• Tuesday, May 24th 2011 - 00:40 UTC

  S&P revises upward Brazil’s sovereign credit rating from stable to positive

  

  Standard & Poor's said on Monday it had revised its outlook on Brazil's sovereign credit rating to “positive” from “stable,” citing the prospect for steady, long-term economic growth.

• Sunday, May 22nd 2011 - 23:06 UTC

  Brazil’s Real will depreciate when the US and Europe raise interest rates

  

  Dollar inflows into Brazil are returning to normal levels, and the Brazilian Real will start to depreciate once interest rates in the US and Europe start to rise, said Brazil Finance Minister Guido Mantega. He also anticipated tax reforms to boost Brazilian competitiveness.

• Sunday, May 22nd 2011 - 22:59 UTC

  Amazon tribe first contacted in 1986 has no abstract concept of time

  

  Amazonian tribe has no abstract concept of time, say researchers. The Amondawa lacks the linguistic structures that relate time and space - as in our idea of, for example, “working through the night”.

• Saturday, May 21st 2011 - 09:34 UTC

  Brazil/Argentine dispute abating as trade begins to normalize

  

  The trade dispute among Mercosur main partners seems to be abating from the moment Brazil authorized on Friday the introduction of 1.000 cars manufactured in Argentina that had been retained in Customs since the implementation of non automatic import licences.

• Saturday, May 21st 2011 - 09:06 UTC

  Brazilian auto workers on strike demanding improved profit-sharing

  

  Brazilian workers at a factory operated by the local unit of U.S. auto maker General Motors Co. walked off the job Friday, calling a 24-hour strike to protest the company's latest profit-sharing offer.

• Friday, May 20th 2011 - 19:29 UTC

  Brazil’s Golden Age–or Parade of White Elephants?

  

  by COHA Research Associate Augustus Urschel.
  The 2014 World Cup and 2016 Olympics.
  Winning the 2014 World Cup and 2016 Summer Olympic bids continues to have both intended and unexpected consequences for this year’s miracle country. On November 28, 2010, Brazilian police and soldiers seized the Complexo do Alemão, a large favela in the Northern Zone of Rio, from drug lords.

• Thursday, May 19th 2011 - 10:45 UTC

  Brazil creates Financial Stability Committee to reduce ‘systemic risk’ and support the currency

  

  Brazil’s Central Bank announced Wednesday the creation of a Financial Stability Committee to improve supervision of the nation's financial industry and reduce “systemic risk.”

• Thursday, May 19th 2011 - 10:40 UTC

  Opposition call for disclosure of twenty-fold increase in Brazil’s chief of staff assets

  

  Revelations of a several times surge in the personal wealth of Brazilian government's influential chief of staff have triggered controversy and could drag on and become a major headache for President Dilma Rousseff.

• Thursday, May 19th 2011 - 07:16 UTC

  Brazil’s purchase of 36 fighter jets will be made in 2012 says Rousseff

  

  Brazilian President Dilma Rousseff revealed this week that the purchase of 36 fighter jets for the country's Air Force and involving billions of dollars but which has been postponed for years will be made in 2012.