Brazil

• Thursday, November 5th 2009 - 09:53 UTC

  Brazil’s reserves reach new record in October: 232.9 billion US dollars

  

  Brazil's foreign reserves totaled 232.9 billion US dollars at the end of October, up from 224.2 billion at the end of September. In the first ten months of 2009, reserves were up 26.1 billion. Reserves ended last year at 206.8 billion.

• Thursday, November 5th 2009 - 09:51 UTC

  Petrobras receives Chinese financing to develop sub-salt oil resources

  

  Brazil's government managed oil and gas group Petrobras announced Wednesday it had signed a contract permitting the first payment from a 10 billion US dollar loan from China to help it finance upcoming investments.

• Wednesday, November 4th 2009 - 13:03 UTC

  Brazilian opposition to vote against Venezuela in Mercosur

  

  The Brazilian opposition announced it will attempt to delay as much as possible the Senate vote on the incorporation of Venezuela to Mercosur which is scheduled to take place Wednesday following the approval by the Foreign Affaire committee last week.

• Tuesday, November 3rd 2009 - 11:58 UTC

  French Defence minister calls on Argentina to follow the steps of Brazil

  

  French Defence minister Hervé Morin said that Argentina could increase its international influence following on the steps of Brazil, which is currently modernizing its military hardware and planning on the long term.

• Tuesday, November 3rd 2009 - 07:39 UTC

  US puts pressure on Brazil to purchase Boeing’s F 18 Super Hornets

  

  United States president Barak Obama has a special interest in the sale of 36 fighter aircraft Brazil has announced it plans to purchase and would consider a “disappointment” if the contract goes to any of its competitors (France or Sweden), said Ellen Tauscher Under Secretary for Arms Control and International Security.

• Monday, November 2nd 2009 - 12:06 UTC

  Brazil’s plan to boost the economy and send a good report to Copenhagen

  

  Brazil has extended tax breaks on energy-efficient home appliances for three months in a bid to boost consumption and consolidate a rebound in Latinamerica's largest economy. The announcement was made last week by Finance Minister Guido Mantega and becomes effective this month.

• Saturday, October 31st 2009 - 07:03 UTC

  Venezuela/Brazil agree terms of refinery to be built in Pernambuco

  

  Brazil's government managed oil company Petrobras said on Friday that it had concluded a deal with Venezuela's PDVSA to construct and operate a refinery in northeast Brazil.

• Friday, October 30th 2009 - 03:05 UTC

  Argentina/Brazil clash over trade restrictions: what restrictions?

  

  Brazilian Minister of Development Industry and Trade, Miguel Jorge confirmed Thursday that the Brazilian government is requesting non automatic licenses for some imports from Argentina, but denied it was a reprisal because of similar measures imposed by Argentina.

• Thursday, October 29th 2009 - 09:50 UTC

  Brazilian government lowers tax to benefit consumers and farmers

  

  Brazil’s main meat processor JBS praised the government for lowering a local tax that will ultimately benefit consumers and farmers. JBS is also in the process of becoming the world’ leader in animal protein food by taking over US chicken producer Pilgrim’s Pride and merging with Brazil’s Bertin SA.

• Thursday, October 29th 2009 - 07:11 UTC

  Brazil confirms the gradual elimination of US dollar in trade operations

  

  Brazilian Central Bank president Henrique Meirelles said the country is considering the gradual elimination of the US dollar in trade with China, Russia and India, which together with Brazil make up the BRIC group.