Tag: Brazil

• Monday, December 5th 2011 - 06:51 UTC

  Top Republican claims Obama is losing the Brazil battle to China

  

  The US top Republican on the Senate Foreign Relations Committee said President Barack Obama is missing opportunities to strike closer ties with Brazil, allowing China to steal market share from US companies in Latin America’s biggest economy.

• Monday, December 5th 2011 - 06:39 UTC

  Sixth member of Rousseff’s cabinet resigns amid corruption allegations

  

  Brazil’s Labor and Employment Minister Carlos Lupi resigned Sunday, the sixth Cabinet member to leave President Dilma Rousseff’s government since June amid corruption allegations.

• Monday, December 5th 2011 - 05:29 UTC

  Brazilian press name President Dilma Rousseff “Woman of the Year”

  

  Brazilian president Dilma Rousseff was elected “Woman of the Year” by one of Brazil’s leading magazines, Istoé, which describes the leader as “one of the most influential persons in the world” who also conducted the country to “a superior level”.

• Monday, December 5th 2011 - 05:22 UTC

  Brazil and BRIC beat forecast of the man who coined the term

  

  Ten years ago this week, Jim O’Neill, chairman of Goldman Sachs Asset Management, coined the term BRIC, elevating the profile of four countries, Brazil, Russia, India and China, that he thought were poised to become “growth economies.”

• Saturday, December 3rd 2011 - 08:59 UTC

  Argentina and Brazil agree greater ‘productive integration mechanism”

  

  Argentine and Brazilian presidents Cristina Fernandez and Dilma Rousseff agreed in Caracas the creation of a Productive Integration Mechanism, MIP, to deepen bilateral relations.

• Saturday, December 3rd 2011 - 08:50 UTC

  Brazil counters bad press: “we can be ready to organize the World Cup in two months”

  

  Brazil, plagued by delays and in-fighting in its preparations for the 2014 World Cup, could stage the event in two months' time if necessary, the country's sports minister said on Friday.

• Friday, December 2nd 2011 - 19:41 UTC

  Brazil ready to support IMF but demands greater power for BRICS countries

  

  Brazil conditioned the disbursement of more funds for the IMF to help countries in crisis to a greater say in the multilateral organization and the advance of European initiatives to solve the current Euro and debt crisis.

• Friday, December 2nd 2011 - 05:27 UTC

  In spite of regional challenges, Uruguay expects another successful summer season

  

  The loss of competitiveness with Brazil, the strong devaluation of the Argentine peso, the rigorous foreign exchange controls imposed by the government of President Cristina Fernandez and their possible impacts on the coming summer season, is some of the main concerns of the Uruguayan tourism industry.

• Friday, December 2nd 2011 - 00:04 UTC

  Brazil announces measures to stimulate economy and domestic consumption

  

  Brazil's Finance Minister Guido Mantega announced Thursday a package of measures aimed at stimulating the economy and domestic consumption, amid an international crisis mainly affecting developed nations as a consequence of the Euro situation.

• Thursday, December 1st 2011 - 06:02 UTC

  Brazil has the highest real interest rate among 40 leading economies

  

  The Brazilian Central bank latest decision to lower the basic interest rate by half a percentage point to 11%, confirms Brazil leadership as the country with the highest real interest rates in the world. An honour it has held interruptedly for the last 23 months.