Brazil

Tuesday, November 23rd 2010 - 23:02 UTC
FDI in Brazil soars in October; reaches 30 billion USD in ten months, the year’s target

Foreign direct investment in Brazil soared to 6.8 billion US dollars in October, the highest for the month since records were started. This was higher than last month with 5 billion and four times October a year ago with 1.6 billion, according to the latest release from the central bank.
Tuesday, November 23rd 2010 - 22:59 UTC
The challenge of “breaking mental barriers” to promote Mercosur and Unasur

Brazil’s influential Foreign Affairs minister Celso Amorim revealed that his major obstacle in his eight years in the post was “breaking mental barriers” particularly in advancing relations among countries in the South and promoting such organizations as Mercosur and Unasur.
Tuesday, November 23rd 2010 - 04:30 UTC
Rio Grande in south Brazil geared to become “Mercosur hub and main port”

Rio Grande in the south of Brazil has rapidly become the main competitor of the port of Montevideo based on a sustained expansion, deep dredging, the construction of new piers and update equipment.
Tuesday, November 23rd 2010 - 03:02 UTC
Brazil’s air transport infrastructure is a “growing disaster”, says IATA

The chief of the International Air Transport Association or IATA sharply criticized the poor condition of Brazil airports, saying that the situation could put the country in a very bad light during the World Cup and the Olympic Games if the government does not improve capacity and renovate aging infrastructure.
Tuesday, November 23rd 2010 - 02:57 UTC
Food costs pressure Brazilian consumer prices and interest rate expectations

Brazilian economists raised their forecast for inflation this year for the tenth consecutive week, as food costs pressure consumer prices further beyond the government’s target.
Tuesday, November 23rd 2010 - 02:54 UTC
Brazilian president-elect plans to maintain central bank’s “operational autonomy”

Brazil’s President-elect Dilma Rousseff plans to maintain the central bank’s operational autonomy and also will keep the position of central bank president as a Cabinet-level post, according to reliable sources close to the leader.
Monday, November 22nd 2010 - 00:12 UTC
Brazilian navy plans a fleet of 20 subs, six nuclear powered

The Brazilian navy is planning to build and incorporate in the next decades a fleet of six nuclear powered and 20 conventional submersibles (15 new and five refurbished), making it the most dissuasive fleet of South America.
Sunday, November 21st 2010 - 21:21 UTC
Brazil commemorates Black Consciousness Day recalling fugitive slaves’ leader

Hundreds of cities, towns and villages throughout Brazil commemorated Saturday Black Consciousness Day with different festivities and cultural activities. Brazil is considered the second Black Country in the world behind Nigeria, with 75.8 million African-Brazilians and is still exposed to the consequences of racial discrimination.
Friday, November 19th 2010 - 16:14 UTC
Guerrilla Dilma gathered information for bank hold-ups in the sixties

Brazilian president-elect Dilma Rousseff gathered information and advised guerrilla groups bank hold-ups in the sixties when the country was ruled by a military dictatorship according to reports published Friday in O’Globo media group.
Friday, November 19th 2010 - 16:01 UTC
Brazilian central bank chief steps down from president-elect Rousseff’s team

Brazilian central bank president Henrique Meirelles will not accept any invitation to remain as head of the bank unless president-elect Dilma Rousseff gives him full guarantees of “absolute autonomy” in running the institution. He also rejects the idea of holding on the job during the first quarter of 2011 until a definitive successor is named.