Tag: Brazil

• Thursday, December 1st 2011 - 04:14 UTC

  Countdown for Brazil’s Labour minister: sixth cabinet loss on corruption allegations

  

  Brazil’s Executive Committee on Public Ethics, on a unanimous decision adopted on Wednesday recommended President Dilma Rousseff the removal of Labour and Employment Minister Carlos Lupi.

• Thursday, December 1st 2011 - 04:09 UTC

  The best beauty contest in the world and a Brazilian obsession: Miss Bumbum

  

  What can be greater for Brazilians than the 2014 World Cup which will be hosted by the country? The best beauty contest of all times…the several reasons to visit Brazil in spite of all the street killings: the Miss Bumbum competition.

• Thursday, December 1st 2011 - 00:35 UTC

  Mantega to be retained in Brazilian cabinet shuffle expected for January

  

  Brazilian President Dilma Rousseff plans to replace a handful of ministers to streamline the cabinet when she completes a year in office in January but the shuffle does not include Finance minister Guido Mantega, according to Planalto sources.

• Wednesday, November 30th 2011 - 23:08 UTC

  Brazil cuts basic rate by half a point to 11% and says inflation converging to target

  

  Brazil’s central bank cut borrowing costs by half a point for a third straight meeting as a global economic slowdown threatens with a slump in domestic demand. The bank’s board voted on Wednesday unanimously to reduce the benchmark Selic rate to 11% from 11.5%, as had been anticipated by markets.

• Tuesday, November 29th 2011 - 17:28 UTC

  Price Index new weightings should help Brazil with inflation target and rate cuts

  

  Brazil’s statistics agency released Monday new weightings for items in its benchmark IPCA price index, adapted to changing family consumption patterns, which should help policymakers fine-tune complying with targets and keep cutting interest rates.

• Tuesday, November 29th 2011 - 15:34 UTC

  UK opens new consulate in Recife, next to northeast Brazil main trade and sea hub

  

  Foreign Office Minister Jeremy Browne on Tuesday opened a new Consulate General in Recife, Brazil - the city which became home to one of the first ever British missions in South America in 1808.

• Monday, November 28th 2011 - 21:10 UTC

  Argentina’s Techint moves strongly into Brazil steel business

  

  The Techint Group agreed to pay 5.03 billion Reais (2.7 billion dollars) for a 27.7% voting stake in Brazil’s Usinas Siderurgicas de Minas Gerais to boost access to the largest market for steel in Latin America.

• Monday, November 28th 2011 - 21:04 UTC

  Brazil preparing stimuli plan to boost manufacturing and create jobs

  

  Brazilian president Dilma Rousseff said that the country’s economy which slowed down in the last quarter will retake growth and generate more jobs based on government plans to expand manufacturing.

• Sunday, November 27th 2011 - 08:11 UTC

  IMF chief praises Latinamerica, which can provide ‘some lessons to the advanced world’

  

  IMF chief Christine Lagarde who this week will be visiting Latinamerica said that Brazil, Mexico and Peru, like to many other countries in the region have done remarkably well over the past few years and can provide some lessons to the advanced countries.

• Sunday, November 27th 2011 - 02:12 UTC

  Amnesty demands action from the Brazilian government following killing of indigenous chief

  

  A deadly attack on an indigenous community in southern Brazil highlights the authorities’ failure to protect indigenous peoples amid ongoing land conflicts, Amnesty International said in an official release last Friday.