Brazil

• Wednesday, May 20th 2009 - 02:38 UTC

  Brasil Foods to become world’s top exporter of processed meat and chicken

  

  Two of Brazil’s biggest food companies announced on Tuesday plans to merge, creating an exporting powerhouse in a stock swap deal prompted by the global financial crisis. Executives from Perdigao SA and Sadia SA said they expect their new enterprise, to be called Brasil Foods SA, to become the world's top exporter of processed meat and chicken.

• Tuesday, May 19th 2009 - 13:57 UTC

  Trade and oil cooperation, high in the Lula da Silva agenda in China

  

  Brazilian president Lula da Silva arrived Monday in Beijing with a delegation of 240 businessmen for a three-day visit aimed at strengthening the country’s strategic partnership with China.

• Monday, May 18th 2009 - 10:54 UTC

  First visit of a Brazilian president to Saudi Arabia

  

  Brazil and Saudi Arabia signed Sunday an agreement to expand cooperation in oil, mining, infrastructure, science and increase bilateral trade said the Brazilian Foreign Affairs Ministry said. The agreement was signed in presence of King Abdullah and visiting Brazilian President Lula da Silva.

• Saturday, May 16th 2009 - 13:27 UTC

  Sustainability of soy supply chain conference in Brazil

  

  The Round Table on Responsible Soy Association (RTRS) will present advances related to the global standard for responsible soy production, processing and marketing at its IV International Conference in the city of Campinas, Brazil, May 26 and 27.

• Saturday, May 16th 2009 - 12:56 UTC

  Brazil/China to sign agreement to develop sub-salt oil deposits

  

  Brazil's President Lula da Silva is to sign a “voluminous” financing agreement for government managed Petrobras on a visit to China next week said Energy Minister Edison Lobao.

• Saturday, May 16th 2009 - 10:34 UTC

  Brazilian government admits lower growth for 2009

  

  Brazilian Finance Minister Guido Mantega admitted for the first time that Brazil's economic growth will likely fall in the 0 to 2% range in 2009, Brazilian media reported Friday.

• Thursday, May 14th 2009 - 12:21 UTC

  Brazil plans to tax interests on savings above 50.000 Reales

  

  Brazil plans to begin taxing interest on some savings accounts and may lower taxes on fixed-income funds to maintain demand for government bonds as the Central Bank cuts the benchmark rate.

• Thursday, May 14th 2009 - 12:17 UTC

  Leading beef corporation upbeat about rebound of market

  

  JBS SA, from Brazil the world’s largest beef producer, said it aims to also become the largest distributor of the meat by the end of next year and has been approached by companies seeking to be acquired.

• Wednesday, May 13th 2009 - 15:46 UTC

  Brazil’s finance guru anticipates 4% GDP expansion in 2010

  

  Brazil’s GDP should expand 4% in 2010 but the performance of the economy in the first quarters of 2009 will be dismal, in the range of zero growth or even below, said economist Delfim Netto.

• Monday, May 11th 2009 - 09:01 UTC

  Record floods and drought in “complicated” Brazil

  

  Forty four deaths had been confirmed in northern Brazil's worst flooding in decades, fed by two months of unusually heavy rains in a zone stretching from deep in the Amazon to normally arid areas near the Atlantic coast. In spite of a gradual Sunday retreat of water in some areas the number of homeless climbed to 300.000