Tag: Brazil

• Monday, May 28th 2012 - 19:16 UTC

  Spanish King on high profile PPRR visit to recover “lost time and ground” in South America

  

  Spain’s King Juan Carlos will be travelling to Brazil and Chile in the first week of June to strengthen ties with two strategic associates and in preparation of the Ibero-American summit to take place in Cadiz. The King will be accompanied by Foreign Affairs minister Jose Manuel Garcia-Margallo and a business delegation.

• Monday, May 28th 2012 - 17:10 UTC

  Brazil pressing banks to lower loan rates by 30% and increase lending

  

  Brazilian banks must lower their lending rates by between 30% and 40%, and increase lending, without raising fees, to help spur economic growth, Finance Minister Guido Mantega said in an interview with the Folha de Sao Paulo newspaper.

• Monday, May 28th 2012 - 16:59 UTC

  Brazil has a plan to bolster subsidized credit to increase corporate investment

  

  Brazil has a plan to bolster subsidized credit aimed at increasing corporate investment with 45 billion Real (approx 22.5 billion dollars) from the country’s development bank, BNDES.

• Monday, May 28th 2012 - 16:52 UTC

  British drinks group buys cachaça distillery in Brazil as it expands to emerging markets

  

  British drinks group Diageo is buying a maker of Brazil's most popular spirit, cachaça for about 470 million dollars, boosting its expansion in fast-growing emerging markets while it fights for a bigger prize in tequila.

• Monday, May 28th 2012 - 16:36 UTC

  Brazil “better prepared” for the current global crisis which will be “softer”

  

  Finance minister Guido Mantega said that Brazil has double the reserves when the 2008 global recession and is prepared to confront a deepening of the European crisis but admitted that the economy would expand below 3.5% which is less than was targeted at the beginning of the year.

• Friday, May 25th 2012 - 22:54 UTC

  Rousseff announces veto of several Forest Code controversial amendments

  

  Brazilian President Dilma Rousseff announced Friday that she is vetoing some of the controversial amendments to the country’s Forest Code that would have substantially weakened the country’s forest protection and climate mitigation actions.

• Friday, May 25th 2012 - 22:45 UTC

  Government decides to extend soft loans for Brazil’s three largest corporations

  

  Brazil eased rules for subsidized lending by state development bank BNDES to three of the country's biggest companies, in a move that may help President Dilma Rousseff shield a struggling economy from market turmoil abroad.

• Friday, May 25th 2012 - 21:40 UTC

  Almost 19 million urban Brazilians live with no access to drinking water of sewage

  

  Almost 19 million Brazilians live in precarious housing with no running water, sewage or any basic public services, according to a report on urban infrastructure by the Brazilian Geography and Statistics Institute, IBGE.

• Friday, May 25th 2012 - 09:04 UTC

  Repsol partner in a huge deposit off the Brazilian coast with 1.25bn barrels of oil

  

  Spain’s Repsol, recovering from the recent seizure of YPF by the Argentine government, said an area off the coast of Brazil it is exploring with partner China Petroleum and Chemical Corp. contains the equivalent of at least 1.25 billion barrels of oil.

• Thursday, May 24th 2012 - 16:44 UTC

  Brazil’s current account deficit compensated by heavy FDI during April

  

  Brazil's monthly current account deficit rose sharply in April as the country's trade surplus faded and profit remittances and foreign travel costs increased, the Brazilian Central Bank said Thursday.