Tag: Brazil

• Friday, May 15th 2015 - 07:53 UTC

  Uruguay convinced Mercosur will be more flexible regarding trade accords with third parties

  

  Mercosur countries have reached a basic consensus to look for mechanisms that will allow individual members to negotiate trade agreements outside the block, announced Uruguay's foreign minister Rodolfo Nin Novoa, who has been leading a strong campaign (with Brazilian support) on the issue.

• Friday, May 15th 2015 - 07:32 UTC

  Petrobras production from pre-salt fields reaches milestone 800.000 bpd

  

  Brazil’s Petrobras said that oil production in Santos and Campos basin pre-salt fields reached a milestone production volume of 800Mbbl/d. The volume was recorded on April 11, with 74% (590Mbbl/d) Petrobras’ share with the remainder belonging to partner companies working in different pre-salt areas.

• Friday, May 15th 2015 - 07:23 UTC

  Brazil waiting for 50bn dollars of Chinese support to overhaul infrastructure

  

  China will invest 50 billion dollars to help overhaul Brazil's aging infrastructure, the government announced on Thursday, ahead of an official visit by Chinese Prime Minister Li Keqiang next week. Brazil has repeated that it was determined to overhaul its dilapidated roads, railways, airports and ports.

• Thursday, May 14th 2015 - 08:34 UTC

  Rousseff expected at the White House next June 30: a long delayed bilateral agenda waits

  

  Next June 30 Brazilian President Dilma Rousseff will visit Washington D.C. to meet with President Barack Obama, a highly anticipated event given tensions between the two governments over the past two years.

• Thursday, May 14th 2015 - 07:30 UTC

  Brazil's austerity measures to balance the budget start moving in Congress

  

  Brazil's Congress Lower House passed a bill on Wednesday toughening access to social security pensions, the second measure approved in a week to cut benefits in a drive to reduce a growing fiscal deficit.

• Monday, May 11th 2015 - 09:05 UTC

  Under pressure from Brazil, Venezuela announces legislative elections for end of the year

  

  Venezuela will hold parliamentary elections in the last quarter of this year and the exact date will be announced soon, the head of the National Electoral Council (CNE) said on Sunday. The elected lawmakers will be inaugurated for five years on 2016.

• Saturday, May 9th 2015 - 09:34 UTC

  Mujica's book rekindles Brazilian scandal involving Lula da Silva

  

  Uruguay's president Jose Mujica has now denied alleged statements collected in a book about his life written by two journalists, that he personally presented last Sunday in Buenos Aires and in which there is a mention to former president Lula da Silva and the 'mensalao', one of Brazil's largest corruption scandals involving monthly payments to have bills passed by Congress.

• Friday, May 8th 2015 - 07:48 UTC

  Brazil's central bank to continue increasing rate, with inflation on target at the end of 2016

  

  Brazil's central bank expects inflation to run above the official target this year and next, despite months of monetary tightening, signaling policymakers could maintain an aggressive pace of interest-rate hikes to lower stubborn prices. In the minutes of its April 29 rate-setting meeting, the bank said it would remain vigilant to ease persistently high inflation.

• Thursday, May 7th 2015 - 06:55 UTC

  Brazil wants to review Mercosur 'liberty' rules; sends strong public message to Argentina

  

  Brazil has proposed reviewing Mercosur rules so that its members can enjoy more 'liberty' to negotiate trade agreements with other blocks or third parties, because even when “Mercosur is an indissoluble marriage, this does mean that relations can't be discussed” and thus a 'different speeds' group should not be discarded.

• Thursday, May 7th 2015 - 06:48 UTC

  Purchase real estate prices in Brazil have fallen in first months of 2015

  

  Purchase real estate prices all over Brazil have fallen a combined 3.47% in real prices the first months of 2015 according to the Fipe-Zap index. The index collected real estate prices in twenty Brazilian cities and measured them against inflation, registering monthly price rises below inflation for the sixth time in a row.