Tag: Brazil

• Monday, October 3rd 2011 - 05:24 UTC

  Mercosur/EU trade and Euro crisis, in President Rousseff agenda in Brussels

  

  The Mercosur-EU trade agreement is one of several issues Brazilian president Dilma Rousseff will be addressing Monday in Brussels during the fifth Brazil-EU summit. Rousseff begins in Belgium an official visit to Europe that also includes Turkey and Bulgaria.

• Saturday, October 1st 2011 - 05:54 UTC

  Brazilian president calls on Central bank for “a cycle of interest rate reductions”

  

  Brazilian President Dilma Rousseff made on Friday her strongest call yet for the central bank to continue cutting borrowing costs. At an event in Sao Paulo she said it was “inadmissible” for policy makers not to take into account the possibility of a recession and even a depression in the global economy.

• Friday, September 30th 2011 - 18:27 UTC

  Brazil primary budget surplus down in August; growth projection lowered to 3.5%

  

  Brazil’s budget surplus before interest payments narrowed in August to its lowest in nine months even as the central bank relies on fiscal policy to help fight the fastest inflation in six years.

• Friday, September 30th 2011 - 01:36 UTC

  Rio do Janeiro top cop resigns over killing of high anti-corruption profile Judge

  

  The top commander of the military police in Rio de Janeiro state in Brazil has resigned amid a scandal that linked a top officer and other policemen to the assassination of a high-profile judge.

• Thursday, September 29th 2011 - 06:09 UTC

  Brazilian judge orders halt to construction of third largest dam in the world

  

  A judge in Brazil has ordered a halt to construction of a multi-billion-dollar dam project in the Amazon region. Judge Carlos Castro Martins barred any work that would interfere with the natural flow of the Xingu river.

• Wednesday, September 28th 2011 - 10:22 UTC

  Brazilian policemen arrested on suspicion of murdering anti-corruption judge

  

  A senior Brazilian police officer has been arrested on suspicion of ordering the murder of a judge who investigated police corruption.

• Wednesday, September 28th 2011 - 06:24 UTC

  Brazil adapts to weaker Real: cuts fuel tax to prop Petrobrás and contain inflation

  

  Brazil cut a tax on fuel sold by Petrobras by 16% helping prevent surging import costs from squeezing profit margins at the state-run company and reducing the need for price increases as inflation quickens.

• Wednesday, September 28th 2011 - 06:21 UTC

  Japan’s number 2 automaker plans to increase production in Brazil

  

  Japan's number two automaker, is planning to invest 1.5 billion dollars to build a factory in Brazil that might produce electric cars, according to reports in the media.

• Tuesday, September 27th 2011 - 22:45 UTC

  Inflation picking up and lower interest rates, forecasts Brazil central bank survey

  

  Brazil’s central bank will miss its inflation target this year for the first time since 2003 according to a central bank survey of economists. Consumer prices will rise 6.52% this year, according to the median forecast in a Sept. 23 central bank survey of about 100 analysts published Monday.

• Tuesday, September 27th 2011 - 01:39 UTC

  Brazilian officials committed to protect the Real from international volatility

  

  Brazil’s Finance Minister Guido Mantega returned home early from the IMF/World Bank meetings in Washington this weekend, after a plunge in the Real extended the world’s biggest currency slump over the past month.