Brazil

• Tuesday, June 17th 2008 - 21:00 UTC

  Lula da Silva and top banker determined to stop inflation

  

  Brazilian President Lula da Silva and the country's top banker said fighting inflation remains a top priority, the latest warning against surging consumer prices. Speaking to an audience of investors at the Sao Paulo stock exchange, Lula da Silva said the government is determined to stop short-term inflation pressures from becoming permanent.

• Friday, June 13th 2008 - 21:00 UTC

  Petrobras announces new light oil strike in Santos Basin

  

  Brazil's government owned oil corporation Petrobras announced Friday the discovery of yet another field of light oil, in ultra deep waters of Santos Basin. The well known as Guara in the BM-S-9 block encountered oil with specific gravity of 28o API in pre salt reservoirs, according to the official release.

• Friday, June 13th 2008 - 21:00 UTC

  Brazilian companies, main investors in Argentina since 2004

  

  Brazil has become Argentina's leading investor with growing interests in the country's oil and cement industries, mining and steel, textiles, cosmetics,transport, banks, food and beverages according to a study on the internationalization of Brazilian companies in Argentina.

• Wednesday, June 11th 2008 - 21:00 UTC

  Brazil May inflation records fastest pace in three years

  

  Consumer prices in Brazil rose in May at the fastest pace in more than three years, 0.79%, underscoring concerns about inflation pressures in Latinamerica's largest economy.

• Tuesday, June 10th 2008 - 21:00 UTC

  Brazil GDP expands 5.8% in first quarter; overheat concern

  Brazil's Gross Domestic Product, GDP, expanded 5.8% in the first quarter compared to the same period a year ago, and 0.7% over the previous quarter, according to the latest release from the Brazilian Statistics and Geography Institute, IBGE.

• Friday, June 6th 2008 - 21:00 UTC

  Embraer sells Super Tucano to US defense service company

  Brazilian aircraft manufacturer Embraer confirmed on Friday it had sold a propeller-driven fighter plane to a unit of Blackwater Worldwide, the world's largest private defense services company, and said it would not be used for operations in Iraq.

• Thursday, June 5th 2008 - 21:00 UTC

  Brazil raises rate to 12.25%; annual May inflation 5.25%

  Brazil's Central bank raised its benchmark interest rate this week for the second time in less than two months to curb resurgent inflation and prevent overheating of the world's tenth biggest economy.

• Wednesday, June 4th 2008 - 21:00 UTC

  Lula defends biofuels and attacks “absurd protectionism”

  Brazilian president Lula da Silva said that “over 800 million people every night go to sleep feeling hungry which is an insult to humanity” and blamed the “intolerable protectionism of wealthy countries” that insulate their farming sectors.

• Tuesday, June 3rd 2008 - 21:00 UTC

  Brazil to sell Super Tucano light attack planes to US

  Brazilian aircraft manufacturer Embraer is participating in preliminary negotiations to sell the U.S. government eight 314-B1 Super Tucano light attack and training planes for use in Iraq, the company said Monday, according to press reports from Brazil.

• Monday, June 2nd 2008 - 21:00 UTC

  US looses to Brazil appeal on cotton subsidies dispute

  The United States has lost its final appeal in a billion US dollar trade dispute with Brazil over subsidies to US cotton growers. A World Trade Organisation appeal panel upheld on Monday a ruling from December that found the US had breached trade rules over its subsidies to cotton farmers.