Brazil

Friday, December 11th 2009 - 14:04 UTC
Brazilian GDP growth in thirs quarter is less that expected: 1.3%

The Brazilian economy expanded 1.3% in the third quarter of 2009 compared to the previous quarter according to the official release on Thursday from the country’s statistics office, IBGE.
Thursday, December 10th 2009 - 13:24 UTC
Idle capacity and low inflation allow Brazil to keep basic rate unchanged

Brazil’s central bank kept the benchmark Selic interest rate at a record low for the third straight meeting as inflation remains below target. The bank’s eight-member board, led by President Henrique Meirelles, voted unanimously on Wednesday to keep the overnight rate at 8.75%.
Thursday, December 10th 2009 - 11:31 UTC
Brazilian Senate postpones vote on Venezuela’s Mercosur incorporation

The Brazilian senate postponed on Wednesday until next Tuesday the vote on Venezuela’s incorporation to Mercosur following a heated debate on the floor when the opposition strongly criticized Venezuelan president Hugo Chavez.
Wednesday, December 9th 2009 - 14:33 UTC
HRW: 1.000 “resistance” killings annually by Rio and Sao Paulo police

Police officers in Rio de Janeiro and São Paulo routinely resort to lethal force, often committing extrajudicial executions and exacerbating violence in both states, Human Rights Watch said in a report released Tuesday.
Wednesday, December 9th 2009 - 08:32 UTC
Brazilian Senate ready to vote on Venezuela’s Mercosur incorporation

Brazilian president Lula da Silva announced Tuesday during the Mercosur summit in Montevideo that the Brazilian Senate should, finally, vote on the incorporation of Venezuela to the South American trade group as a full member.
Wednesday, December 9th 2009 - 00:23 UTC
Woman elected president to the Brazil’s most popular football club

Former swimmer Patricia Amorim became the first woman to be elected president of Flamengo, the most popular football club in Brazil.
Tuesday, December 8th 2009 - 04:03 UTC
Sao Paulo gang digs their way into a vault and 6 million US dollars

A Brazilian gang robbed ten million Reais (approximately six million US dollars) from the vault of a securities transport company after tunnelling from a neighbouring house to the west of Sao Paulo.
Monday, December 7th 2009 - 23:44 UTC
Brazilian inflation and interest rates forecasted to increase in 2010

The Brazilian economy is forecasted to expand 0.21% in 2009 according to a Central Bank poll among financial experts and which is published weekly in the Focus Bulletin. In the previous edition the growth estimate was 0.20%.
Monday, December 7th 2009 - 11:06 UTC
Olympic City Rio do Janeiro boasts world’s largest floating Xmas tree

The lights are blazing from the world's largest floating Christmas tree -- a gigantic 85-metre high metal structure set on a lagoon in Rio de Janeiro, the city that will host the 2016 Olympic Games.
Monday, December 7th 2009 - 10:48 UTC
Brazil purchase of Russian air defence systems could curtail US sale of aircraft

The possible purchase of Russian anti-aircraft batteries for the Brazilian Army could influence Brazilian negotiations for the acquisition of US manufactured fighter planes, reports the Sunday edition of Correio Braziliense.