Brazil

Friday, February 6th 2009 - 20:00 UTC
Brazilian inflation slows for third consecutive month

Brazilian January consumer inflation was 0.48% accumulating 5.84% in the last twelve months, slowing for a third consecutive months after having reached a three year high in October, according to the latest release from the country's statistics office.
Friday, February 6th 2009 - 20:00 UTC
Brazil's grains crop estimate down but at “comfortable level”

Insufficient rainfall in south Brazil, mostly in the states of Rio Grande do Sul, Parana, Matto Grosso do Sul and west Santa Catarina, will cause a 6.53% drop in the 2008/09 grain crop, which will fall from 144.11 million tons to 134.70 million tons, reported this week the Supply Office (Conab) from the Agriculture and Livestock ministry.
Thursday, February 5th 2009 - 20:00 UTC
Petrobras announces 92 billion USD investment plan

Brazil's government-managed oil and gas corporation Petrobras announced Wednesday its domestic Exploration and Production plan for 2009/2013 which involves 92 billion US dollars.
Tuesday, February 3rd 2009 - 20:00 UTC
Brazil paid “too much” for Rio Tinto iron ore assets

Brazil's Vale do Rio Doce may have paid too much for its purchase of iron-ore and potash assets from Rio Tinto Group, according to JPMorgan Chase & Co. and Banco Santander SA.
Monday, February 2nd 2009 - 20:00 UTC
January marked Brazil first trade deficit in eight years

Brazil recorded its first monthly trade deficit in almost eight years in January as exports plunged by a record amount on falling prices for the country's commodities, according to the latest release from the Development, Industry and Trade ministry.
Wednesday, January 28th 2009 - 20:00 UTC
Brazil back steps on “electronic” import licence request

The Brazilian government officially denied Wednesday it had imposed import licences or was reverting to non tariff barriers on hundreds of products, a decision which had caused uproar mainly among Mercosur partners.
Tuesday, January 27th 2009 - 20:00 UTC
Protectionist Brazil: restrictions on 60% of imports

Brazil announced it has imposed restrictions on 60% of imports “to soften” the impact of the global crisis in its trade balance which in the first four weeks of January has registered a totally unexpected deficit of 645 million US dollars.
Tuesday, January 27th 2009 - 20:00 UTC
Italy recalls ambassador in Brazil over asylum dispute

Italy on Tuesday recalled its ambassador to Brazil for consultations in response to Brasilia's definitive decision to grant political refugee status to a convicted Italian terrorist.
Tuesday, January 27th 2009 - 20:00 UTC
“Another world is possible” forum attracts 120.000

Tens of thousands of anti-globalization activists gathered Tuesday in the north-eastern Brazilian city of Belem for the opening of the World Social Forum (WSF), finding solidarity under the slogan “another world is possible”.
Tuesday, January 27th 2009 - 20:00 UTC
Brazil to compensate cheap energy with investments

Brazil has offered investments in Paraguay in exchange for not claiming a fair price and free availability of the surplus energy produced at South America's largest hydroelectric dam Itaipú shared by the neighbouring countries.