Brazil

Thursday, April 29th 2010 - 07:03 UTC
Fearing an Over-Heated Economy Brazil Hikes Basic Rate 75 Points to 9.5%

Central Bank of Brazil increased on Wednesday the benchmark interest rate for the first time in 19 months in an effort to cool an economy forecast to expand 6% this year, one of the highest rates in two decades.
Thursday, April 29th 2010 - 06:41 UTC
Sugar Prices Fall on Prospects of Abundant Crops in Brazil and India

Sugar fell in New York and London, reversing earlier advances, as an improved outlook for production in Brazil and normal rainfall in India outweighed concern that supplies will fall short.
Thursday, April 29th 2010 - 06:08 UTC
More Sex to Combat High-Blood Pressure Recommends Brazilian Minister

Brazil’s health minister has an interesting solution for the nation’s high blood pressure problem: more sex.
Thursday, April 29th 2010 - 05:45 UTC
Viagra Patent Expires June 20, Rules Brazilian High Court

Brazil's High Court of Justice ruled Wednesday that the Brazilian patent for the drug Viagra is due to expire June 20.
Wednesday, April 28th 2010 - 06:39 UTC
Lula da Silva to Remain in Politics, Promises Caricom Trade and Political Links

Brazilian president Lula da Silva discarded any sort of retirement once he steps down from the Executive next December 31 and underlined he will continue to act in politics.
Tuesday, April 27th 2010 - 23:09 UTC
Paraguayan Press Blasts 37 Anniversary of Brazilian “Imperial Itaipú Treaty”

Paraguay’s president Fernando Lugo said he is looking forward to the coming meeting next May 3 with his Brazilian counterpart Lula da Silva because he would be coming back with “good news” referred to the shared power from Itaipu, the world’s second largest hydroelectric dam belonging to both countries.
Tuesday, April 27th 2010 - 06:08 UTC
Brazil will Impose Import Levies to Face “Cheap” US Dollar, Unless Accord is Reached

Brazil’s government may take additional steps to limit gains in the local currency Real should advanced economies favor policies that keep their currencies weak, Finance Minister Guido Mantega said.
Tuesday, April 27th 2010 - 05:55 UTC
Concerns with Inflation Anticipate Brazil will Raise Benchmark Interest Rate

Brazil’s next government will need to be “very serious” about keeping inflation within its target range so real interest rates can continue to fall, Central Bank President Henrique Meirelles said.
Monday, April 26th 2010 - 19:30 UTC
Brazil Targets an Army of 500.000 (From 300.000) in Next Two Decades

Brazil plans to increase the number of its voluntary army from 300.000 to 500.000 in the next two decades as the defence budget keeps growing steadily said ministry sources. The country’s defence budget soared 44.5% in real terms in the last five years.
Monday, April 26th 2010 - 05:12 UTC
Toyota Brazil is Recalling Locally Manufactured (as of April 2008) Corollas

Toyota Brazil has agreed to recall an unspecified number of Corollas locally manufactured because of the risk of sudden acceleration according to a statement from the country’ Ministry of Justice website.