Brazil

• Saturday, May 23rd 2009 - 15:32 UTC

  Brazil concerned with the appreciation of its currency against the US dollar

  

  The current appreciation of the Brazilian currency, Real, is a “cause for concern,” but also reflect international investors' growing interest in the nation's assets, Finance Minister Guido Mantega said on Friday.

• Saturday, May 23rd 2009 - 15:29 UTC

  Cash short Venezuela negotiating loans from Brazil

  

  Venezuelan President Hugo Chavez, whose administration is facing cash shortages as oil revenues plunge, is negotiating loans from Brazil's development bank to fund infrastructure projects, revealed the Brazilian newspaper Folha de Sao Paulo.

• Friday, May 22nd 2009 - 12:14 UTC

  Brazilian government downgrades to 1% growth estimate for 2009

  

  The Brazilian government has again downgraded the economy’s growth forecast for this year which will now be 1%, according to the bi-monthly Budget reassessment from the Planning Ministry.

• Friday, May 22nd 2009 - 08:11 UTC

  China interest in extending more loans to Petrobras but in Renmimbi

  

  China Development Bank may offer more financing to Brazil’s government managed oil and gas corporation Petrobras adding to the 10 billion US dollars extended this week, said Petrobras CEO Jose Sergio Gabrielli on Thursday in New York.

• Thursday, May 21st 2009 - 10:31 UTC

  Lula da Silva rejects third term but hand-picked candidate is seriously ill

  

  Brazilian President Lula da Silva has ruled out the possibility of standing for a third term in office adding he was certain the likely candidate for the ruling Workers Party is chief of staff Dilma Rousseff.

• Wednesday, May 20th 2009 - 14:39 UTC

  Business climate in Latinamerica undergoes slight improvement

  

  The business climate in Latinamerica experienced a slight improvement in the last three months having jumped from 2.9 points in January to 3.6 in April, although it is still one of the worst levels in seven years, reported the Brazilian Foundation Getulio Vargas

• Wednesday, May 20th 2009 - 03:18 UTC

  Brazil/China consolidate energy, trade and finance partnership

  

  Brazil and China signed Tuesday in Beijing thirteen accords to promote trade, investments and cooperation plus a 10 billion US dollars loan for Petrobras. It was also agreed that bilateral trade in the near future is to be done using the Real and the Yuan.

• Wednesday, May 20th 2009 - 02:38 UTC

  Brasil Foods to become world’s top exporter of processed meat and chicken

  

  Two of Brazil’s biggest food companies announced on Tuesday plans to merge, creating an exporting powerhouse in a stock swap deal prompted by the global financial crisis. Executives from Perdigao SA and Sadia SA said they expect their new enterprise, to be called Brasil Foods SA, to become the world's top exporter of processed meat and chicken.

• Tuesday, May 19th 2009 - 13:57 UTC

  Trade and oil cooperation, high in the Lula da Silva agenda in China

  

  Brazilian president Lula da Silva arrived Monday in Beijing with a delegation of 240 businessmen for a three-day visit aimed at strengthening the country’s strategic partnership with China.

• Monday, May 18th 2009 - 10:54 UTC

  First visit of a Brazilian president to Saudi Arabia

  

  Brazil and Saudi Arabia signed Sunday an agreement to expand cooperation in oil, mining, infrastructure, science and increase bilateral trade said the Brazilian Foreign Affairs Ministry said. The agreement was signed in presence of King Abdullah and visiting Brazilian President Lula da Silva.