Brazil

• Tuesday, April 14th 2009 - 14:02 UTC

  Lula da Silva says Obama must not be embarrassed on the Cuban issue

  

  Brazilian president Lula da Silva anticipated he will address the Cuban issue in the coming Americas Summit next Friday in Trinidad Tobago, but Brazilian diplomacy is also working to ensure it does not become an irritating discussion, according to Sao Paulo press.

• Tuesday, April 14th 2009 - 11:46 UTC

  Brazilian economists forecast worst recession since 1992

  

  Brazilian economists forecast that Latinamerica’s biggest economy will fall into the worst recession since 1992 as companies scale back output amid the first global recession since World War II.

• Monday, April 13th 2009 - 11:11 UTC

  The success of Brazilian farming and Argentina’s disarray

  

  If forecasts are confirmed the 70 million tons of the 2008/09 Argentine harvest would represent 2.9% of the world’s grain production when in previous crops it had reached 4.2%. Brazil in the meantime will have reached 5.5% of world production. Only a few years ago the difference was minimal with Brazil almost 4% and Argentina above 3%.

• Monday, April 13th 2009 - 07:35 UTC

  Dengue in northeast Brazil has epidemic proportions

  

  The mosquito transmitted dengue disease which has ravaged Bolivia, Paraguay, North Argentina (and now threatens Buenos Aires) has also severely punished the Brazilian north-eastern state of Bahía where in the first quarter of this year, 40.000 cases have been confirmed and 32 deaths.

• 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.