Brazil

Friday, September 4th 2009 - 09:08 UTC
Rio do Janeiro will have Latinamerica’s largest marine aquarium

Brazil’s Rio de Janeiro city will build the largest marine aquarium in Latinamerica, municipal authorities announced on Wednesday. To be named AquaRio, the aquarium is part of a plan to revitalize the city.
Friday, September 4th 2009 - 07:47 UTC
Brazilian Senate condemns Venezuela further delaying its Mercosur bid

The Brazilian Senate released a statement criticizing Venezuelan president Hugo Chavez for the measures implemented by his government against private media. The decision by the Senate’s Foreign Affairs Committee could further delay Venezuela’s incorporation to Mercosur.
Thursday, September 3rd 2009 - 13:18 UTC
Brazil leaves rates unchanged confident of non-inflationary recovery

Brazil's Central Bank decided on Wednesday to keep its benchmark lending rate unchanged at a record low 8.75%. The monetary policy committee, Copom, voted unanimously to leave the so-called Selic rate steady, in line with analysts' expectations.
Thursday, September 3rd 2009 - 03:13 UTC
Brazil claims Amazon deforestation is down, but satellites say otherwise

Brazil's Environment minister claims increased policing have brought a sharp drop in Amazon deforestation over the past year, despite July's jump in logging. Predicting 2009 will witness a significant decline in clearing, Carlos Minc said there had been a 46% fall in the jungle's destruction since July 2008, with just 4375sq km cleared.
Tuesday, September 1st 2009 - 07:51 UTC
A black woman poised for presidential candidate in Brazil

“During the US Democrat party primaries, when Hillary Clinton was running against Barack Obama, a friend of mine said the US would have to choose between a woman and a black person, but if I was to be presidential candidate in Brazil, we wouldn’t have that problem, because I’m a woman and black”.
Tuesday, September 1st 2009 - 06:58 UTC
Lula da Silva unveils sub-salt oil policy and heralds “new Independence Day”

Brazil has unveiled plans to bring more state control to its oil industry and take advantage of offshore reserves. President Lula da Silva proposed Monday switching to a system which would see the government own a part of all oil produced by changing concessions for production-sharing agreements.
Tuesday, September 1st 2009 - 05:47 UTC
WTO confirms ruling favouring Brazil in cotton dispute with US

United States faces annual trade sanctions of about 295 million US dollars for failing to scrap illegal subsidies paid to its cotton growers. However the punishment, imposed by the World Trade Organization (WTO), is far less than the 4 billion USD that Brazil, which brought the case, had wanted.
Monday, August 31st 2009 - 23:32 UTC
Brazil’s plans first nuclear powered submarine for 2021

Brazil expects to have its first nuclear powered submarine in 2021, to be built in the country with French cooperation and equipped with conventional weapons, confirmed Defence minister Nelson Jobim who underlined the dissuasion potential of such a weapon recalling the Falkland Islands conflict of 1982.
Monday, August 31st 2009 - 07:48 UTC
Wheat production is Argentina down, and booming in Brazil

Helped by the Argentine administrations of the Kirchner couple, Brazil is catching up with Argentina as Latinamerica’s main producer of wheat. This year Brazil will be planting only 200.000 hectares less than its Mercosur partner which this winter crop is down to 2.75 million hectares.
Monday, August 31st 2009 - 07:33 UTC
Brazil announces sweeping reforms for oil and gas industry

The Brazilian government is set to unveil on Monday a sweeping reform of regulations covering the oil and natural gas industries Monday. The regulatory framework will delineate how recently discovered offshore sub-salt oil deposits should be developed, who will develop them and who will reap the rewards.