Tag: Brazil

• Tuesday, October 11th 2011 - 07:13 UTC

  Brazil is a “decisive partner” for Argentina in the event of a major crisis

  

  For Argentina, Brazil is a “decisive partner” in addressing the negative effects of the world economic crisis which has hit the United States and the European Union, said on Monday Argentina’s Deputy Economy minister Roberto Feletti.

• Monday, October 10th 2011 - 08:06 UTC

  Brazil, in friendly tone, asks Venezuela for fair Judges and freedom of expression

  

  Brazil questioned the Venezuelan government guarantees for freedom of expression and Judiciary branch independence although at the same time saying it was a “good friend” of the government of President Hugo Chavez.

• Sunday, October 9th 2011 - 09:56 UTC

  China's JAC motors to build factory in Brazil, hoping to avoid higher import taxes

  

  Chinese automaker JAC Motors announced Friday it will invest 500 million dollars to build a factory in Brazil's north-eastern Bahia state its first outside China.

• Saturday, October 8th 2011 - 08:39 UTC

  Brazil’s inflation above target and at its highest annually since May 2005

  

  Annual inflation in Brazil hit a six-year high in September, government data showed on Friday. The benchmark IPCA consumer price index rose 7.31% in the 12 months through September -- above the official target range ceiling of 6.5% for the sixth straight month and the highest 12-month rate since May 2005.

• Saturday, October 8th 2011 - 08:13 UTC

  Justice Minister admits a “culture of violence” and “impunity” in Brazil

  

  “Economic interests” and a “culture of violence” are to blame for rate crimes in Brazil and conspire against government plans to disarm the population and improve security, claimed Justice Minister Jose Eduardo Cardozo.

• Friday, October 7th 2011 - 05:30 UTC

  Brazilian production feels the impact of cheap imports and global slowdown

  

  Output at Brazil's mines and factories slowed in August, falling a seasonally adjusted 0.2% from July as production in the country's industrial sector suffered the impact of cheap imports and the sluggish global economy.

• Friday, October 7th 2011 - 05:26 UTC

  Nissan announces 1.4bn factory in Brazil as it moves overseas fleeing Super Yen

  

  Nissan Motor Co CEO Carlos Ghosn said Japan faces a “hollowing out” of its industrial base should the government fail to take steps to counter the Yen’s rise. Ghosn statements could also be interpreted as a subtle message since Brazilian manufacturing faces problems with a too strong Real.

• Thursday, October 6th 2011 - 05:08 UTC

  Renault-Nissan plans to double production and market share in Brazil

  

  French automaker Renault will invest 285 million dollars to expand its factory in Brazil and boost production as part of a sales offensive in Latin America's largest economy, Chief Executive Carlos Ghosn announced on Wednesday.

• Thursday, October 6th 2011 - 02:16 UTC

  Uruguayan auto assembly industry exempt of Brazil’s IPI 30% tax increase

  

  In the framework of the so called Plan Maior, Brazil adopted measures to stimulate its industry with the purpose of increasing productivity and containing competition from Chinese produce in its domestic market.

• Thursday, October 6th 2011 - 01:55 UTC

  “Mercosur won’t destroy European agriculture”, says EU business lobby

  

  The head of Business-Europe International Relations said Wednesday that a free trade agreement between the European Union and Mercosur “would not destroy European agriculture” in spite of fears from farmers.