Brazil

• Wednesday, February 23rd 2011 - 07:25 UTC

  Brazil’s Bovespa and Shanghai Stock Exchange sign link agreement

  

  The Shanghai Stock Exchange and Brazil's BM&F Bovespa signed this week an agreement that could lead to closer ties between the two. Bovespa said it was looking for cross-listing across both exchanges, although this would not happen immediately.

• Wednesday, February 23rd 2011 - 06:33 UTC

  Brazil’s top private banker denies any risk of a credit bubble in the country

  

  The president of Brazil’s private bank Itau brushed aside risks of a credit bubble in the country and underlined that sustained economic growth will be rewarded by an expansion of between 15% and 20% in its credit portfolios in 2011.

• Tuesday, February 22nd 2011 - 06:42 UTC

  Argentina has ignored Mercosur rules and is now harvesting the benefits

  

  Even when Uruguay and Brazil are in the course of reaching understandings with Argentina regarding the latest trade restrictions to be implemented by President Cristina Fernandez de Kirchner administration, ‘which are not targeted against Mercosur members’, the Brazilian press presents another angle.

• Tuesday, February 22nd 2011 - 03:52 UTC

  FT warns Brazil could be approaching a “US like sub-prime” situation

  

  The Financial Times warns that in spite of the current optimism about the performance of the Brazilian economy, the country could be heading to a ‘sub-prime’ crisis ‘worryingly’ similar to that experienced by the United States.

• Tuesday, February 22nd 2011 - 00:19 UTC

  President Rousseff promises Brazilian economy will speed up in 2012

  

  Brazil’s economy will pick up speed in 2012, said President Dilma Rousseff on Monday addressing northeast governors concerned that recent announced budget cuts could limit economic activity and support for the area that depends from federal handouts.

• Tuesday, February 22nd 2011 - 00:10 UTC

  US offering Brazil “significant technology transfer” in jet fighters operation

  

  Brazil would receive a “significant technology transfer” if it buys US-made fighter jets, a US Defence Department official said, seeking to ease concerns before Brazil selects a winning bidder.

• Monday, February 21st 2011 - 18:21 UTC

  Brazil’s main daily admits having supported military coup in 1964

  

  Brazil’s leading daily Folha de Sao Paulo celebrating its 90th anniversary openly admitted on its Monday edition that in 1964 it supported the military coup that ousted constitutional president Joao Goulart imposing a dictatorship that extended until 1985.

• Friday, February 18th 2011 - 23:48 UTC

  Argentina/Brazil agree on monitoring committee to oversee bilateral trade

  

  Argentina and Brazil agreed Friday to set up a Monitoring Committee in order to exclude Brazilian products from being affected by the imports non-automatic licence system announced this week by the administration of President Cristina Fernandez de Kirchner.

• Friday, February 18th 2011 - 19:34 UTC

  Brazil’s proven oil reserves increase 11% in 2010 reaching 14.25 billion barrels

  

  Brazil’s proven oil reserves rose 10.65% in 2010 to nearly 14.25 billion barrels, the biggest annual increase in the past eight years, the ANP oil regulator announced this week. Total reserves, overwhelmingly offshore, which also include probable and possible reserves, soared 34.57% to 28.47 billion barrels.

• Thursday, February 17th 2011 - 03:51 UTC

  First major legislative victory for Rousseff: keeps minimum wage on target

  

  Brazil's Lower House approved Wednesday a government proposal to limit a minimum wage increase to 545 Real a month, handing President Dilma Rousseff her first major legislative victory.The proposal will be voted on in the Senate next week, where it is expected to be approved.