Brazil

• Monday, September 6th 2010 - 05:05 UTC

  Brazilian investment fund purchases Burger King targets Latam expansion

  

  Burger King (NYSE:BKC) announced that it has agreed to sell the company to an investment firm based out of Brazil in a deal valued at approximately 4 billion US dollars, which includes the assumption of debt.

• Saturday, September 4th 2010 - 05:24 UTC

  Petrobras unveils world’s largest public share offering, but there are questions…

  

  The Brazilian state managed oil company Petrobras unveiled on Friday plans to sell up to 64.5 billion US dollars of new stock, in one of the world's largest public share offerings.

• Saturday, September 4th 2010 - 05:01 UTC

  Brazilian economy slows down but still expands at annualized 8.9%

  

  Brazil's economy grew 8.8% in the second quarter compared to the same period a year earlier due to strong domestic investment. The government statistics agency IBGE said Friday that capital spending spiked 26.5% in the April-June period compared to the same period last year.

• Thursday, September 2nd 2010 - 07:21 UTC

  Brazilian central bank keeps benchmark interest rate on hold at 10.75%

  

  Brazil's central bank held on Wednesday its benchmark interest rate at 10.75%, ending a monetary tightening cycle that helped cool the economy as the country prepares for October 3 presidential election.

• Thursday, September 2nd 2010 - 07:10 UTC

  Brazil announces major iron deposit discovery in Matto Grosso

  

  Brazil's Mato Grosso state government announced Wednesday it had registered a major mineral deposit discovery with an estimated 11.5 billion tons of iron ore of a 41% Fe grade plus another 428 million tons of phosphates.

• Thursday, September 2nd 2010 - 06:50 UTC

  Caterpillar expands manufacturing operations in Brazil to cater Mercosur

  

  Caterpillar Inc. (NYSE: CAT) announced Wednesday the expansion of its manufacturing operations in Brazil capitalizing on the expected growth of demand in the Mercosur regional block and Latin America.

• Wednesday, September 1st 2010 - 06:37 UTC

  One of Brazil’s media icons becomes first 100% digital newspaper

  

  Starting Wednesday September 1, 2010, Jornal do Brasil, celebrating its 119th year, will become the first 100% digital newspaper in Brazil.

• Wednesday, September 1st 2010 - 06:34 UTC

  Brazilian July industrial output grows at lower than expected rate

  

  Brazilian industrial production output experienced an increase of 0.4% in July from a month earlier, which is less than expected according to a report released by the Brazilian national statistics bureau IBGE in Río de Janeiro, compared with a 1% decline in June.

• Wednesday, September 1st 2010 - 06:10 UTC

  Brazil promotes tourism to Rio’s (crime-free) favelas (shanty towns)

  

  Tourists usually try to run from Brazil’s Rio do Janeiro's notorious slums. Now officials headed by President Lula da Silva are inviting them to come and visit instead. The Santa Marta shantytown this week became the first community in a program meant to promote tourism in the poor neighbourhoods that are home to some unique music and art work.

• Wednesday, September 1st 2010 - 06:02 UTC

  Brazilian beef producer wants to sell abattoirs and reduce Argentine operations

  

  Brazil’s JBS, the world's top beef producer is trying to sell three of its Argentine plants due to government policies that have depleted cattle stocks and supply and hurt profits, a trade group said on Tuesday.