Tag: Brazil

• Monday, July 2nd 2012 - 05:28 UTC

  Brazil’s Vale gets green light for largest ever iron ore mining project

  

  The world's number two mining company, Brazil’s Vale Doce said it received an environmental license to build its biggest-ever iron ore mine, an Amazon region project that holds about one trillion dollars of reserves at current prices.

• Saturday, June 30th 2012 - 05:39 UTC

  Mercosur doubles list of goods that can have tariffs raised unilaterally 35% by each member

  

  Mercosur rejected an Argentine proposal to raise imports tariffs on all goods from outer zone to protect local industries, but accepted Brazil’s initiative to raise tariffs unilaterally on 200 goods, up from 100 agreed last December.

• Saturday, June 30th 2012 - 05:19 UTC

  Brazil farmers rush to cash soy exports on high prices and favourable exchange rate

  

  Brazil could soon run out of soybeans to export this year after farmers’ frontloaded their shipments more than normal to cash in on high international prices and a favourable exchange rate.

• Friday, June 29th 2012 - 06:19 UTC

  Former impeached Brazilian president argues the “process in Paraguay was legal”

  

  The removal of Fernando Lugo from the Paraguayan Executive office was legal, said Brazilian former president and Senator Fernando Collor, quoted by O’Globo. He insisted there was “no coup”.

• Friday, June 29th 2012 - 05:16 UTC

  Rousseff unveils 55bn dollars in loans at lower rates for the 2012/13 farm season

  

  Brazilian president Dilma Rousseff has unveiled a 115-billion-Reais (55 billion dollars) loan program aimed at reinforcing agriculture's role as a lever of Brazilian economic growth.

• Thursday, June 28th 2012 - 21:46 UTC

  Mantega insists Brazil economy picks up in second half and reaches 2.5% annual growth

  

  Brazil's government has taken measures so that economic growth reaches at least 2.5% in 2012, said Finance Minister Guido Mantega following the announcement of new economic stimulus measures that are expected to accelerate the economy in the second half of the year.

• Thursday, June 28th 2012 - 21:39 UTC

  Moody’s downgrades 11 Brazilian banks ratings which could be exposed to a debt crisis

  

  US rating agency Moody's had downgraded the ratings of 11 Brazilian banks by one to three notches, almost all of them to the level of Brazil's sovereign credit rating.

• Wednesday, June 27th 2012 - 21:56 UTC

  Brazil going “to bus” its way out of the economic slowdown

  

  The Brazilian government plans to buy over a third of the country’s output of buses and reduce borrowing costs for state-funded investments to a record as part of a new round of measures to revive stalled growth.

• Tuesday, June 26th 2012 - 03:49 UTC

  Major change in Petrobras exploration policy looking to diversity from two main basins

  

  Brazil’s Petrobras which has become the world’s biggest deepwater oil producer is looking past its largest discoveries to avoid a fate similar to Mexico, where output has plummeted 25% since 2004.

• Monday, June 25th 2012 - 06:19 UTC

  Brazil says it is “impossible” to force the Paraguayan congress to review the removal of Lugo

  

  Brazil will wait for the Paraguayan situation caused by the removal of Fernando Lugo “to decant” before assessing the most appropriate measures to address the “rupture of democratic order” in the country, according to Planalto sources.