Tag: Brazil

• Tuesday, June 12th 2012 - 23:08 UTC

  Brazil says economy should pick up in coming months in spite of world slowdown

  

  Stimulus measures enacted by policymakers in recent months should soon lead to a pickup in growth, breathing some life into Brazil after three straight quarters of stagnation, said central bank president Alexandre Tombini. However he warned about two years of slow global growth and markets volatility.

• Thursday, June 7th 2012 - 05:28 UTC

  In anticipation of Rio+20, Brazil creates new nature reserves and closes major land-fill

  

  Brazil announced plans to protect an additional 10 000km² of land and pledged not to let economic woes stop it from implementing other measures to protect the environment.

• Wednesday, June 6th 2012 - 23:40 UTC

  Rousseff signs bill allowing beer sales in stadiums during 2014 World Cup

  

  Brazil president Dilma Rousseff announced Wednesday the government will temporarily shelve a law banning the consumption and sale of beer in stadiums for the duration of the 2014 World Cup.

• Wednesday, June 6th 2012 - 18:48 UTC

  Brazilian inflation falls below 5% in May for the first time since September 2010

  

  Brazil’s inflation rate fell more than economists expected in May, pushing the annual pace below 5% for the first time since September 2010. Monthly inflation slowed to 0.36% from 0.64% in April.

• Wednesday, June 6th 2012 - 06:30 UTC

  Consumer lending bank seized by Brazil’s Central bank for ‘serious financial violations’

  

  Brazil’s easy money policies have squeezed yet another of its banking weaklings. The country’s central bank seized consumer lender Banco Cruzeiro do Sul on Monday for “serious” financial violations. The episode serves as another example of a bank losing its way in Brazil’s lending frenzy

• Tuesday, June 5th 2012 - 23:59 UTC

  Brazil/Argentina Mercosur differences can be overcome with ‘greater production integration’

  

  Trade differences between Mercosur leading partners Brazil and Argentina will be overcome with negotiations and promoting productive integration, coincided business people, diplomats and academics from both countries at a seminar in Rio do Janeiro.

• Tuesday, June 5th 2012 - 23:53 UTC

  Brazil re-assessing its 3bn dollars potash project in Argentina due to ‘political risk’

  

  Brazil’s Vale Doce, the world's second-largest miner, expects to overcome obstacles that prompted management to re-assess a 3 billion dollars potash project in the Argentine province of Mendoza, the company's head of fertilizers, Roger Downey, said.

• Tuesday, June 5th 2012 - 23:47 UTC

  Santander bank chief praised Brazil as “the place to be to make business”

  

  Emilio Botin president of Santander, Spain’s largest bank and one of the leading EU financial institutions said that Brazil is the top priority for the group since it is the source of 30% of its global earnings and anticipated the opening of more branches in merit to the country’s economic stability and social progress.

• Monday, June 4th 2012 - 06:27 UTC

  UAE flag carrier unveiled plans to fly to Brazil in January 2013

  

  Etihad Airways, United Arab Emirates flag carrier has unveiled plans to fly to Brazil, the airline’s first South American destination. The daily Sao Paulo flights, which are expected to start in June 2013, will be the first direct air link between Abu Dhabi and any South American country.

• Monday, June 4th 2012 - 06:22 UTC

  Major GM soy legal feud between Monsanto and five million Brazilian farmers

  

  Illegally smuggled into Brazil 14 years ago, transgenic soy has proved a boon to domestic farmers and now accounts for 85 percent of total production. But five million Brazilian farmers are now locked in a legal feud with US biotech giant Monsanto, the GM soy seed manufacturer, and are refusing to pay crop royalties.