Brazil

• Saturday, October 24th 2009 - 05:54 UTC

  Petrobras sells 4 billion US dollars in 2020 and 2040 bonds

  

  Brazilian oil giant Petrobras on Friday launched 2.5 billion US dollars of 2020 bonds and 1.5 billion USD of 2040 bonds, in what might be the largest ever sale of corporate debt by a Brazilian company.

• Saturday, October 24th 2009 - 05:43 UTC

  Brazilian financial sector “is crying with a full belly”

  

  Brazilian Economy minister Guido Mantega said that the financial sector is “crying with a full belly” in direct reference to complaints about inflowing capital tax which was decided this week to prevent a foreign exchange bubble between the local Real and the US dollar.

• Saturday, October 24th 2009 - 05:23 UTC

  Brazilian central bank leaves monetary expansion policy unchanged

  

  Brazil’s central bank kept its key Selic interest rate at a record low 8.75% and said its level was “consistent” with a non-inflationary recovery, signalling that no increase in borrowing costs is imminent.

• Friday, October 23rd 2009 - 08:51 UTC

  “Shell-shocked” Brazil demands an end to violence in “Olympic City” Rio

  

  Brazil’s main opposition party demanded responsibility from President Lula da Silva in combating the wave of violence rocking Rio do Janeiro and which has left at least 35 killed in shootings with the drugs’ gangs that even downed a police helicopter.

• Thursday, October 22nd 2009 - 08:22 UTC

  Lula’s presidential candidate receives support from Brazil’s main party

  

  Brazil’s main political force, Brazilian Democratic Movement, PMDB closed this week a deal with President Lula da Silva to support Minister Dilma Rousseff as the ruling coalition’s presidential candidate for next year’s election.

• Wednesday, October 21st 2009 - 12:47 UTC

  Brazil’s investment tax tumbles stock exchange and the Real

  

  Brazil's stock market suffered one of its worst one-day plunges in three months and the currency sank after the government imposed a tax on foreign investments in local stocks and bonds. The Bovespa index of the Sao Paulo stock exchange dropped 2.88% to 65,303.11, after closing at its strongest level since June 2008 the previous session.

• Wednesday, October 21st 2009 - 10:31 UTC

  Olympics’ Rio do Janeiro faces a seven year battle to clean the city

  

  The death toll of a weekend shootout in Rio do Janeiro shanty towns between police forces and drug dealers climbed to 25 with the discovery of several bodies, --one of them in a supermarket cart--, and the death of a third police officer from a downed helicopter.

• Tuesday, October 20th 2009 - 08:03 UTC

  Lula da Silva promises a million new formal jobs in 2009

  

  President Lula da Silva said Brazil would end this year with a million new formal jobs and in 2010 the economy will expand 5%. Speaking at his program “Breakfast with the President”, Lula da Silva announced that 252.000 jobs had been created in September which means 2009 will end “with a million new formal jobs”.

• Tuesday, October 20th 2009 - 07:54 UTC

  Brazil to slap tax on foreign capital inflow “to avoid speculation”

  

  Brazil will impose a 2% tax on purchases by foreign investors of Real-denominated, fixed-income securities and on purchases of stocks. The measures are being taken “to avoid an excess speculation in the stock market and in capital markets” said Finance minister Guido Mantega told reporters Monday in Sao Paulo.

• Tuesday, October 20th 2009 - 07:51 UTC

  Petrobras in new oil and gas output record prepares to drill sub-salt deposits

  

  Brazil's government managed oil and gas company Petrobras said on Monday domestic oil output increased 1.2% in September, compared with August, to a record high as it completed platform maintenance and boosted output at some wells. The new record is 2 million bpd from 1.98 million bpd in August.