Brazil

• Tuesday, June 16th 2009 - 13:16 UTC

  Lula da Silva calls for new world economic order

  

  Brazilian President Lula da Silva urged unions and workers on Monday to take advantage of the global financial crisis to help forge a new world economic order. He also criticized multilateral organizations for having no plans to address the current global crisis.

• Tuesday, June 16th 2009 - 11:09 UTC

  Lula da Silva promises to teach lessons how to address an economic crisis

  

  President Lula da Silva said that Brazil is overcoming the current global crisis and is in a position to teach other countries how to address the adverse economic situation.

• Saturday, June 13th 2009 - 05:47 UTC

  Brazil considers G8 is no longer a valid political decision group

  

  “G 8 is over as a political decision group” since “it represents nothing at all” and it’s not a valid instrument to address the reform of the global financial system, said Brazil’s Foreign Affairs minister Celso Amorim during a seminar in Paris on Mercosur.

• Friday, June 12th 2009 - 17:56 UTC

  Brazil slashes basic interest rate to help reverse recession

  

  The Brazilian Central Bank slashed its Selic benchmark interest rate to a record low of 9.25% seeking to bolster spending and reverse recession in Latinamerica's largest economy. The one percentage point cut was the fourth reduction in as many months as policymakers struggle with the impact of the global economic slowdown.

• Thursday, June 11th 2009 - 11:10 UTC

  Brazil confirms purchase of 10 billion US dollars in IMF bonds

  

  Brazil will buy 10 billion US dollars of bonds issued by the International Monetary Fund to help the multilateral lender provide financing to countries hurt by the financial crisis, announced Finance Minister Guido Mantega.

• Wednesday, June 10th 2009 - 02:49 UTC

  Brazil in recession, but mild recovery expected at end of 2009

  

  Brazil's economy is showing clear signs of economic recovery though it requires additional fiscal and monetary stimulus to ensure growth this year, said on Tuesday Finance Minister Guido Mantega reacting to the latest data which showed the country had fallen into technical recession.

• Monday, June 8th 2009 - 13:33 UTC

  Air France accelerating replacement of Airbus speed monitors

  

  Air France has said it is accelerating replacement of speed monitors on Airbus planes following the disappearance of a jet over the Atlantic six days ago.

• Sunday, June 7th 2009 - 13:51 UTC

  Flight 447: Airbus 330 faulty speed sensors controversy erupts

  

  Brazilian search crews on Saturday retrieved the first bodies from the crashed Air France flight 447 in the Atlantic, and investigators said faulty speed readings had been found on the same type of jets.

• Saturday, June 6th 2009 - 14:48 UTC

  Nuclear sub joins Flight 447 search; Iberia tailing flight sheds some light

  

  While France announced Friday it was sending a nuclear submarine to help find the flight data recorders of the Air France plane, which this week disappeared over the Atlantic, a press report in the Spanish press involving an Iberia plane on the same route but flying ten minutes behind could shed light into what really happened.

• Friday, June 5th 2009 - 13:35 UTC

  Air France crash mystery deepens

  

  The mystery surrounding the crash of an Air France plane off the coast of Brazil deepened after Brazilian officials said items they had pulled from the sea were not in fact debris from the downed Airbus.