Tag: Brazil

Saturday, June 2nd 2012 - 04:16 UTC
Brazil expands 0.2% in first quarter; stimuli measures still have to impact, says Mantega

Brazil's economy barely expanded in the first quarter as frustrated business leaders cut back on investments, casting new doubt on the health of emerging markets.
Saturday, June 2nd 2012 - 03:57 UTC
Lula da Silva back in race if President Dilma Rousseff does not try re-election

Brazil's former President Lula da Silva admitted during a television interview that he will be presidential candidate in the 2014 elections if current Head of State Dilma Rousseff does not run for re-election.
Friday, June 1st 2012 - 17:29 UTC
Brazilian industrial output contracted for a second straight month in April

Brazil’s industrial output unexpectedly contracted for a second straight month in April even as the government steps up measures to boost economic growth.
Friday, June 1st 2012 - 07:03 UTC
Brazil’s former Central bank president named head of Lazard Americas

Lazard Ltd. announced this week the appointment of Henrique Meirelles as Chairman, Lazard Americas, effective immediately. Meirelles was former President of the Central Bank of Brazil.
Friday, June 1st 2012 - 06:57 UTC
Jaguar-Land Rover follows BMW puts plans to build a plant in Brazil on hold

Jaguar Land Rover, the luxury car unit of India's Tata Motors has followed Germany's BMW AG in suspending plans to build a new plant in Brazil as tax changes and slowing growth have given premium auto makers cold feet about investing in a potentially lucrative market.
Friday, June 1st 2012 - 06:37 UTC
Discreet Brazilian congress: with no claimants panties are finally incinerated

A pair of panties that fell out of a Brazilian legislator's pocket onto the floor of Congress two weeks ago has been burned after no one claimed them. Fifteen days ago, a group of federal deputies came running into Congress to vote on a bill related to cyber crimes, reported Brazilian newspaper O Globo.
Friday, June 1st 2012 - 06:35 UTC
Greater transparency and social communication for Brazil’s central bank

Brazil’s central bank created a post on its board to improve transparency and communications two weeks after President Alexandre Tombini said it’s increasingly important for central banks to provide “forward guidance” to the market.
Thursday, May 31st 2012 - 06:07 UTC
Natural resources rich Brazil plans to increase defence spending to 2% of GDP

Defence Minister Celso Amorim said on Wednesday Brazil’s growing need to protect its borders, the Amazon rainforest, and massive offshore oil discoveries would lead it to gradually increase defence spending by a quarter to reach roughly 2% of the country’s GDP.
Thursday, May 31st 2012 - 05:46 UTC
Brazil cuts interest rate for the seventh time to a record low of 8.50%

Brazil's central bank cut interest rates on Wednesday for the seventh straight time to a record low 8.50%, moving into uncharted territory in a bid to shield a fragile recovery from a gloomy global outlook.
Wednesday, May 30th 2012 - 05:19 UTC
Cosan buys BG stake in Brazil’s largest gas distribution company for 1.7bn dollars

British natural gas firm BG Group Plc said on Tuesday it had signed a definitive binding agreement to sell its entire 60.1% stake in Comgas to Brazilian energy company Cosan S.A. for 3.4 billion Brazilian Reais, which is about $1.7 billion at current exchange rates.