Brazil

• Thursday, July 16th 2009 - 15:24 UTC

  GM Brazil to invest a billion US dollars in two new models for Mercosur

  

  General Motors announced Wednesday it will invest a billion US dollars to develop two new car models in Brazil. GM Brazil and Mercosur operations president said it was the corporation’s biggest investment since the onset of the global financial crisis.

• Wednesday, July 15th 2009 - 11:36 UTC

  Brazil confident of recovery and retaining primary surplus

  

  Finance Minister Guido Mantega said Tuesday that Brazil is not facing fiscal troubles and anti-cyclic policies are showing satisfactory results. His statement was supported by the latest release on retail sales, for May, which was higher than expected.

• Tuesday, July 14th 2009 - 11:06 UTC

  Brazilian head of Senate Sarney requests investigation into his accounts

  

  The head of the Brazilian senate and former president (1985/1990), Jose Sarney said he would formally request the Attorney General’s office to investigate the existence of an alleged secret bank account overseas under his name.

• Monday, July 13th 2009 - 12:17 UTC

  Pressure mounting for the ousting of Lula da Silva’s crucial Senate ally

  

  Fresh reports of alleged fraud and embezzlement by Brazil Senate president Jose Sarney proliferated in Brazil's weekend press fuelling an ongoing Senate ethics scandal plus renewing pressure for Sarney to resign.

• Monday, July 13th 2009 - 11:52 UTC

  France best positioned for Brazil’s Air Force 4.5 billion USD contract

  

  US defence contractor Boeing Co is prepared to have Brazilian companies supply a “big portion” of components for its Super Hornet jetfighter, creating as many as 5.000 local jobs, to sell 36 of the warplanes to Brazil. The pledge comes as Boeing manoeuvres against competitors France’s Dassault Aviation and Sweden’s Saab AB.

• Monday, July 13th 2009 - 11:46 UTC

  Brazil feed lot industry more cautious about expansion

  

  Brazil is planning to increase the number of cattle in feed lots by 4.6% which would be equivalent to a total of 1.673.500 heads, according to Beef Point, a Brazilian portal linked to the meat industry.

• Saturday, July 11th 2009 - 15:23 UTC

  Brazil could restrict credit to Argentina in retaliation for trade barriers

  

  The Brazilian government is looking at restricting credit lines to Argentina in retaliation for its neighbor's efforts to stall local imports, reported on Friday the daily O Estado de S. Paulo.

• Friday, July 10th 2009 - 12:42 UTC

  Lula da Silva “football diplomacy” distends the G8 summit

  

  United States President Barack Obama and Brazilian President Lula da Silva took time out from their overloaded Thursday agendas to talk about the United States' defeat to Brazil in last month's Confederations Cup Final played in South Africa.

• Wednesday, July 8th 2009 - 16:33 UTC

  Auto production and sales in Brazil surge as confidence returns

  

  Automobile output in Brazil climbed in June for the second straight month as manufacturers stepped up production to meet growing consumer demand, the national automakers' association Anfavea said on Monday.

• Wednesday, July 8th 2009 - 11:50 UTC

  Brazil and France call for a more “democratic world order”

  

  French President Nicolas Sarkozy and visiting Brazilian President Lula da Silva called Tuesday for a more “democratic world order” that would give emerging economies a larger voice in international finance and justice affairs.