Brazil

Saturday, November 8th 2008 - 20:00 UTC
Credit pinch reaches Brazil: inflation up, car sales down

Brazil's annual inflation rate rose to a three-year high in October as the currency's significant plunge against the US dollar pushed up costs, according to the latest release from the government's statistics and geography office.
Saturday, November 8th 2008 - 20:00 UTC
Brazil demands greater role for emerging economies

Brazil's Lula da Silva on Saturday demanded that major reforms of the international financial system include strong input from large emerging nations and said the collapse of modern banking structures is victimizing the world's poor.
Friday, November 7th 2008 - 20:00 UTC
Lula demands swift action from Obama with US crisis

US President-elect Barack Obama needs to act swiftly to solve the economic crisis said Brazilian leader Lula da Silva speaking Thursday before the country's Economic Development Council in Brasilia.
Tuesday, November 4th 2008 - 20:00 UTC
Brazil sets legal guidelines for making popular caipirinha

Brazil's government has published legal guidelines for the popular caipirinha, the most common and extended alcoholic drink of the 190 million population country, and which becomes mandatory as of this month.
Monday, November 3rd 2008 - 20:00 UTC
Castro's first overseas visit to Brazil, says Lula da Silva

Brazilian President Lula da Silva said that the first overseas visit of his Cuban counterpart Raul Castro since taking office will be to Brazil. The announcement was made during his brief visit to Havana where Brazil's Petrobras signed an agreement to explore and exploit oil and gas offshore Cuba.
Monday, November 3rd 2008 - 20:00 UTC
Global crisis creates Latam's biggest private bank

Brazilian bank shares soared on Monday after Banco Itau announced the purchase of Unibanco Holdings, a transaction that will create Latin America's biggest private banking firm. The stock transaction is valued in 12.5 billion USD.
Thursday, October 30th 2008 - 20:00 UTC
Brazil leaves rates unchanged in spite of inflation fears

Brazil's central bank left the basic SELIC rate unchanged for the first time in six months on Wednesday. The Copom monetary council led by Henrique Meirelles voted unanimously to keep the benchmark interest rate ”for the moment'' at a two-year high of 13.75%.
Thursday, October 30th 2008 - 20:00 UTC
Brazil' Petrobras agrees to explore for oil offshore Cuba

Brazil is scheduled to sign on Friday an agreement with Cuba for deep-water oil and gas exploration and production. The event is considered the highlight of the two day visit of President Lula da Silva to the island beginning late Thursday.
Monday, October 27th 2008 - 20:00 UTC
Brazilian military warning to Paraguay landless peasants

Brazilian military exercises along the border with Paraguay are escalating tensions between the South American neighbours. Operation Southern Border II mobilized 3,500 soldiers from the Brazilian armed forces along the border, as part of a larger force of some 10,000 soldiers also deployed along the borders with Uruguay and Argentina.
Monday, October 27th 2008 - 20:00 UTC
Pte. Lula promises to work with all elected mayors

A day alter Sunday's municipal election Brazilian president Lula da Silva called for national union and promised to work with the winning mayors and councillors no matter what party they belong to.