Brazil

Saturday, May 16th 2009 - 12:56 UTC
Brazil/China to sign agreement to develop sub-salt oil deposits

Brazil's President Lula da Silva is to sign a “voluminous” financing agreement for government managed Petrobras on a visit to China next week said Energy Minister Edison Lobao.
Saturday, May 16th 2009 - 10:34 UTC
Brazilian government admits lower growth for 2009

Brazilian Finance Minister Guido Mantega admitted for the first time that Brazil's economic growth will likely fall in the 0 to 2% range in 2009, Brazilian media reported Friday.
Thursday, May 14th 2009 - 12:21 UTC
Brazil plans to tax interests on savings above 50.000 Reales

Brazil plans to begin taxing interest on some savings accounts and may lower taxes on fixed-income funds to maintain demand for government bonds as the Central Bank cuts the benchmark rate.
Thursday, May 14th 2009 - 12:17 UTC
Leading beef corporation upbeat about rebound of market

JBS SA, from Brazil the world’s largest beef producer, said it aims to also become the largest distributor of the meat by the end of next year and has been approached by companies seeking to be acquired.
Wednesday, May 13th 2009 - 15:46 UTC
Brazil’s finance guru anticipates 4% GDP expansion in 2010

Brazil’s GDP should expand 4% in 2010 but the performance of the economy in the first quarters of 2009 will be dismal, in the range of zero growth or even below, said economist Delfim Netto.
Monday, May 11th 2009 - 09:01 UTC
Record floods and drought in “complicated” Brazil

Forty four deaths had been confirmed in northern Brazil's worst flooding in decades, fed by two months of unusually heavy rains in a zone stretching from deep in the Amazon to normally arid areas near the Atlantic coast. In spite of a gradual Sunday retreat of water in some areas the number of homeless climbed to 300.000
Monday, May 11th 2009 - 08:05 UTC
Itaipu new deal between Brazil and Paraguay still difficult and distant

Paraguay’s chances of a better deal from Brazil regarding the Itaipu Hydroelectric dam surplus power and its price are seen as “difficult” particularly because Brazil is approaching an electoral year, according to Asuncion press reports from journalists who accompanied President Fernando Lugo in his visit to Brasilia.
Monday, May 11th 2009 - 07:42 UTC
North Korean Foreign Affairs minister arrives in Brazil

North Korea’s Foreign Affairs minister Pak Ui-Chun arrived Sunday in Brazil to meet with his counterpart Celso Amorim, according to a release from the Brazilian ministry. Brazil and North Korea established formal diplomatic relation in 2001.
Saturday, May 9th 2009 - 07:24 UTC
Brazil and Paraguay could only agree on a new summit in June

Brazil and Paraguay failed to come to an agreement on proposed renegotiation of accords related to the Itaipu hydroelectric facility and are scheduled to meet again in early June, according to Paraguay’s Executive spokesperson Ruben Penayo.
Saturday, May 9th 2009 - 06:34 UTC
April car sales in Brazil fall 13.7% from the previous month

Automobile sales in Brazil fell 13.7% in April from the previous month as consumer demand waned after four straight months of gains, the national automakers' association Anfavea said on Friday. Sales also fell 10.3% from April 2008 to 234.400 and automobile output dropped 6.9% month-on-month in April and was down 15.8% from a year earlier to 254.700 units.