Brazil

• Friday, October 30th 2009 - 03:05 UTC

  Argentina/Brazil clash over trade restrictions: what restrictions?

  

  Brazilian Minister of Development Industry and Trade, Miguel Jorge confirmed Thursday that the Brazilian government is requesting non automatic licenses for some imports from Argentina, but denied it was a reprisal because of similar measures imposed by Argentina.

• Thursday, October 29th 2009 - 09:50 UTC

  Brazilian government lowers tax to benefit consumers and farmers

  

  Brazil’s main meat processor JBS praised the government for lowering a local tax that will ultimately benefit consumers and farmers. JBS is also in the process of becoming the world’ leader in animal protein food by taking over US chicken producer Pilgrim’s Pride and merging with Brazil’s Bertin SA.

• Thursday, October 29th 2009 - 07:11 UTC

  Brazil confirms the gradual elimination of US dollar in trade operations

  

  Brazilian Central Bank president Henrique Meirelles said the country is considering the gradual elimination of the US dollar in trade with China, Russia and India, which together with Brazil make up the BRIC group.

• Wednesday, October 28th 2009 - 07:18 UTC

  Porous Brazilian borders feed Olympic Rio gangs with heavy weapons

  

  The Brazilian Federal Police identified 17 places through which illegal weapons are introduced into the country, including most of those used by organized crime such as heavy machine guns capable of downing a helicopter as recently happened in one of the favelas, the shanty towns that speck Olympic city of Rio do Janeiro.

• Wednesday, October 28th 2009 - 06:07 UTC

  Trade disputes cast doubts on the “Argentine-Brazilian” strategic alliance

  

  Trade obstacles imposed by Brazil against Argentine exporters in reprisal for similar measures by the Argentine government of President Cristina Fernandez de Kirchner escalated Tuesday when the Brazilian ambassador was summoned to the Argentine Foreign Affairs ministry.

• Wednesday, October 28th 2009 - 02:19 UTC

  Brazil remains divided on Venezuela’s Mercosur incorporation

  

  The president of the Brazilian Senate Jose Sarney reiterated Tuesday he does not support the incorporation of Venezuela to the South American trade block Mercosur, since “decisions from the government of that country represent a crumbling and deviation of democracy”.

• Tuesday, October 27th 2009 - 12:23 UTC

  Brazil planning to cut taxes to stimulate domestic consumption

  

  Brazil is considering extending stimulus tax cuts on home appliances even as the country’s economic recovery shows signs of gaining momentum. Tax cuts helped Brazilian auto industry sales to soar.

• Tuesday, October 27th 2009 - 09:18 UTC

  Brazil Marfrig food company turns a profit in the third quarter

  

  Brazilian food company Marfrig Alimentos, with strong interests in Uruguay and Argentina turned a profit in the third quarter of this year compared to a year ago, as new acquisitions boosted its capacity.

• Monday, October 26th 2009 - 12:51 UTC

  Brazil to increase diesel bio-fuel content to 5% next January

  

  Brazil will raise the bio-fuel content of its diesel to 5% up from 4% previously, after President Lula da Silva approved the proposal on Friday.

• Saturday, October 24th 2009 - 07:33 UTC

  Argentina, Paraguay pledge to save what is left of the Atlantic Forest

  

  Argentina and Paraguay have made a historic pledge to save one of the world’s most threatened forests. During a special ceremony at the XIIIth World Forestry Congress, the two governments agreed to work towards zero net deforestation in the Atlantic Forest, and to implement a package of measures that include national legislation to enforce those commitments.