Brazil

• Monday, April 13th 2009 - 07:28 UTC

  Official report blasts security at Brazil’s nuclear installations

  

  A report by a Brazilian official organization published on Saturday in the daily O Globo criticized the lack of security at Brazil’s nuclear installations, which range from electricity-generating plants to hospital equipment.

• Saturday, April 11th 2009 - 13:47 UTC

  Lula da Silva “obsessed” with reducing bank rates

  

  Brazil named Aldemir Bendine as chief executive of federally owned Banco do Brasil Aldemir Bendine seeking to boost lending in the country's financial system and lower borrowing costs. Bendine, a Banco do Brasil veteran who was previously in charge of its credit card and new retail business, succeeds Antonio Francisco de Lima Neto as CEO.

• Saturday, April 11th 2009 - 08:15 UTC

  Brazilian meatpacker begins negotiations with creditors

  

  Brazilian meatpacker Arantes Alimentos Ltda has initiated a renegotiation of debts with its creditors, company controler Aderbal Arantes Junior said in an interview Thursday with local newspaper O Estado de S. Paulo.

• Friday, April 10th 2009 - 07:14 UTC

  World Economic Forum on Latin America to be held in Rio do Janeiro

  

  More than 500 political, social and economic leaders from 37 countries will meet next week in Rio for the World Economic Forum on Latin America, the organizers announced on Wednesday.

• Friday, April 10th 2009 - 05:49 UTC

  Brazil offers a billion USD in projects to compensate for Itaipu energy

  

  The Brazilian government is planning to offer a financing package worth one billion US dollars for industrial projects in Paraguay, local financial newspaper Valor Economico reported this week. According to the newspaper, which cited unnamed sources, the financing will be offered through Brazil's National Development Bank, or BNDES.

• Tuesday, April 7th 2009 - 11:47 UTC

  Petrobras and Repsol agree to develop oil and gas off Santos

  

  The consortium formed by Brazil’s government managed oil and corporation Petrobras (63%, operator) and Spain’s Repsol (37%) has delivered a Declaration of Commercial Viability for a light oil and gas discovery made in reservoirs located above the salt layer, in block BM-S-7, in the Santos Basin.

• Tuesday, April 7th 2009 - 11:39 UTC

  Half a million Brazilians slide back to poverty

  

  Over half a million Brazilians have fallen back to poverty from their lower middle class status according to the latest paper from the Social Politics Department belonging to the Getulio Vargas Foundation research centre in Rio do Janeiro, FGV.

• Tuesday, April 7th 2009 - 09:21 UTC

  Economic forecasts indicate Brazil heading for recession

  

  Brazil’s economy could shrink for the first time in 17 years in 2009 as the global recession prompts companies to cut output and staffing according to a Central Bank survey of 100 economists and released Monday.

• Monday, April 6th 2009 - 09:00 UTC

  Brazil prepared to support IMF with 10 billion USD

  

  Brazil is prepared to support the International Monetary Fund, IMF, with ten billion US dollars, --5% of its international reserves--, with the purpose of boosting its position in the multilateral financial organizations, --votes and veto power--, in the framework of what was decided last week at the G20 summit in London.

• Saturday, April 4th 2009 - 11:06 UTC

  Lula da Silva proud to lend money to the IMF

  

  President Lula da Silva said he wants to be the first Brazilian leader whose administration will lend money to the International Monetary Fund. His comments were done following the G20 summit when it was agreed to supply the IMF with additional funding to the tune of 750 billion US dollars.