Brazil

• Tuesday, October 20th 2009 - 07:54 UTC

  Brazil to slap tax on foreign capital inflow “to avoid speculation”

  

  Brazil will impose a 2% tax on purchases by foreign investors of Real-denominated, fixed-income securities and on purchases of stocks. The measures are being taken “to avoid an excess speculation in the stock market and in capital markets” said Finance minister Guido Mantega told reporters Monday in Sao Paulo.

• Tuesday, October 20th 2009 - 07:51 UTC

  Petrobras in new oil and gas output record prepares to drill sub-salt deposits

  

  Brazil's government managed oil and gas company Petrobras said on Monday domestic oil output increased 1.2% in September, compared with August, to a record high as it completed platform maintenance and boosted output at some wells. The new record is 2 million bpd from 1.98 million bpd in August.

• Friday, October 16th 2009 - 04:33 UTC

  Overwhelming support for Brazil as member of the UN Security Council

  

  Bosnia, Brazil, Gabon, Lebanon and Nigeria were elected Thursday to non-permanent seats on the United Nations Security Council. They will serve two-year terms starting January 1 and will participate in decisions ranging from deploying U.N. peacekeepers to imposing sanctions.

• Thursday, October 15th 2009 - 12:10 UTC

  Brazil’s JBS en route to become world’s largest meat company

  

  Brazil's JBS said on Wednesday the US Justice Department has approved the takeover of US-based Pilgrim's Pride paving the way for JBS to become the world's largest meat company.

• Thursday, October 15th 2009 - 11:58 UTC

  Bovespa index at new high, having advanced 76% so far this year

  

  Brazil's Bovespa stocks index and currency, the Real, extended recent rallies Wednesday to end at fresh highs not seen in more than a year. The main Sao Paulo stocks index ended 2.4% higher at a 16-month high of 66,201 points.

• Thursday, October 15th 2009 - 03:48 UTC

  Former Brazilian guerrilla involved in kidnap of ambassador extended US visa

  

  A former Brazilian guerrilla who in 1969 was involved in the abduction of US ambassador Charles Elbrick has been extended a visa to travel to United States by the consulate office in Sao Paulo.

• Wednesday, October 14th 2009 - 06:54 UTC

  Brazilian diplomacy looks to a post G7 multilateral world

  

  The naming of Antonio Patriota, former Brazilian ambassador in United States as his Deputy, further strengthens the influence of Foreign Affairs minister Celso Amorim in the country’s foreign policy elaboration, according to reports in the Sao Paulo press.

• Thursday, October 8th 2009 - 03:21 UTC

  Santander Brazil successfully completes biggest share offering

  

  The Brazilian unit of Spanish banking giant Santander has raised 14.1 billion Reais, approximately 8.1 billion US dollars) in the country's biggest share offering.

• Thursday, October 8th 2009 - 02:19 UTC

  Prospects of another record grains crop for Brazil: 141.1 million tons

  

  Brazil expects the coming 2009/2010 grains crop to reach 141.1 million tons, which represents an increase in the range of 2.9% to 4.8% over the 2008/09 record harvest of 135.16 million tons, according to the country’s National Supply Corportion, Conab.

• Tuesday, October 6th 2009 - 11:44 UTC

  Brazil’s Real in new record against US dollar; has gained 32% this year

  

  Brazil’s currency rose to the strongest level in more than a year after a statement from the Group of Seven’s leaders lacked support to stem the dollar’s slide against major currencies, prompting investors to buy higher- yielding assets.