Tag: Brazil

• Wednesday, October 26th 2011 - 03:13 UTC

  Brazil’s total federal debt stands at just over a trillion dollars, said the Treasury

  

  Brazil's total federal debt rose in September as the Treasury issued new debt at home and abroad, the government reported this week. The country's federal debt load increased 2.3% in the month to Reais 1.809 trillion (1.02 trillion dollars), from Reais 1.768 trillion in August, the Treasury said in a statement.

• Wednesday, October 26th 2011 - 03:08 UTC

  In eight years Brazilian officials skimmed 37.7bn dollars from government coffers

  

  Brazilian officials skimmed at least a staggering equivalent of 37.7bn dollars from government coffers in just eight years of corruption cases from 2003-2010, the Rio do Janeiro daily O Globo reported, based on numbers from the country’s Public Accounts ombudsman.

• Wednesday, October 26th 2011 - 03:04 UTC

  Brazil asks WTO to study “currency ‘misalignments” and global trade

  

  Brazilian government has proposed further study at the World Trade Organization on the effects that exchange rate fluctuations have on international trade, the foreign ministry said this week.

• Wednesday, October 26th 2011 - 02:36 UTC

  Brazilian president misses regional summit but prepares for G20 in France

  

  Brazilian president Dilma Rousseff won’t be attending the Ibero-American summit to take place in Paraguay next Friday and Saturday and will be represented by her Foreign Affairs minister Antonio Patriota, it was announced Tuesday.

• Wednesday, October 26th 2011 - 02:27 UTC

  Marfrig plans massive restructure to reduce costs and trim debt

  

  Brazilian meat processor Marfrig will restructure multiple segments of the company between now and December in an effort to reduce costs and trim away at its current debt of BRL10.3 billion (5.8 billion dollars), the company's president said this week in an interview with Valor Economico newspaper, partly reproduced by Meat trade news Daily.

• Tuesday, October 25th 2011 - 04:11 UTC

  Brazil after billions of dollars to give airports on concession

  

  Brazil’s secretary of civil aviation, Wagner Bittencourt, has confirmed that the government is looking for at least 1.3 billion dollars for the São Paulo–Guarulhos Airport concession.

• Tuesday, October 25th 2011 - 04:06 UTC

  Brazil ignores OAS meeting due to dispute over hydroelectric dam

  

  Brazil will not take part in the annual meeting of the Organization of American States in Washington on Wednesday due to a dispute over a giant hydroelectric plant, said opponents of the scheme.

• Monday, October 24th 2011 - 20:39 UTC

  Rolls Royce to open dealerships in Brazil and Chile to cater the rich and famous

  

  Luxury car company Rolls-Royce is to enter the South American market for the first time. The company, which makes cars at Goodwood in West Sussex, hopes to open dealerships in Brazil and Chile in March.

• Monday, October 24th 2011 - 20:33 UTC

  MAN announces 570m dollars investment to double truck production in Brazil

  

  Volkswagen-owned truck and bus maker MAN will invest 570 million dollars in Brazil from 2012 to 2016 as it aims to double production in Latin America's largest market, local media reported over the weekend.

• Monday, October 24th 2011 - 20:19 UTC

  Brazil preparing strict imports’ controls to safeguard domestic industry

  

  Brazil is preparing to implement more strict controls on imports from Asia, particularly China arguing that Beijing will try to take advantage of the positive performance of South America to compensate for the fall of sales in the European Union and the US currently under the burden of the Euro and debt crises.