Brazil

• Monday, June 23rd 2008 - 21:00 UTC

  Brazil's Marfrig becoming world's main meat processor

  Brazilian meat processor Marfrig said on Monday it will pay 680 million US dollars for assets in Brazil and Europe owned by US based OSI Group, the largest meat provider for McDonald's fast-food chains.

• Monday, June 23rd 2008 - 21:00 UTC

  Lula da Silva: inflation is “under control” and on target

  

  Brazilian president Lula da Silva said on Monday that inflation in the country was “under control”, in spite of soaring world food prices and promised measures to further promote the production of grains, meats and milk.

• Sunday, June 22nd 2008 - 21:00 UTC

  Brazil plans to invest 40 billion U$D in agriculture 2008/09

  Brazil will be announcing this week the annual investment plan in support for agriculture and livestock which is estimated to increase 12% totaling in the region of 40 billion US dollars, said Agriculture Minister Reinhold Stephanes.

• Thursday, June 19th 2008 - 21:00 UTC

  Lula and top aides in financial summit to curb inflation

  

  Brazilian President Lula da Silva, cabinet ministers and his main economic advisors are considering a range of measures, (from budget cuts to pruning credit) with the purpose of curbing inflation according to Folha de Sao Paulo

• Wednesday, June 18th 2008 - 21:00 UTC

  Brazilian press says Mrs. Kirchner “back stepped” in conflict

  The Brazilian press unanimously considered that Argentine president Cristina Fernandez de Kirchner “back stepped” in the 100 days dispute with farmers over export levies on oilseeds and grains.

• Wednesday, June 18th 2008 - 21:00 UTC

  Amazon soybean planting ban extended until July 09

  Grain crushers have extended a two-year-old moratorium on the purchase of soybeans planted in areas of the Amazon rain forest cut down after 2006, Brazil's environment minister Carlos Minc announced this week.

• 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.