Tag: Brazil

• Thursday, August 25th 2011 - 00:00 UTC

  Brazilian government comes to the rescue of giant meat corporation JBS SA

  

  Brazilian meat giant JBS S.A. has announced that BNDES (Brazilian Development Bank) converted a large amount of JBS debt into equity, boosting the bank’s shareholdings in the company to 30.4% from 17% previously.

• Wednesday, August 24th 2011 - 23:22 UTC

  Savage infighting in Brazilian coalition exposes President Rousseff political weakness

  

  A Brazilian minister accused his own party of trying to destroy him and said he might not have enough support to continue in his job, raising the odds of yet another high-level departure from President Dilma Rousseff's beleaguered government.

• Wednesday, August 24th 2011 - 07:28 UTC

  President Rousseff battles for cohesion in a disappointed ruling coalition

  

  Brazilian president Dilma Rousseff said on Tuesday that the two main parties of the ruling coalition, “PT (Workers party) and the PMDB (Brazilian Democratic Movement) are the basis of the stability and trust of the government”.

• Wednesday, August 24th 2011 - 07:02 UTC

  Mantega admits global crisis in having an impact: lowers Brazil growth to 4%

  

  Brazilian Finance minister Guido Mantega admitted before the Senate that the global financial crisis is already having an impact in the local economy and this will be reflected in a lower GDP for the twelve months.

• Wednesday, August 24th 2011 - 07:00 UTC

  Record DFI in Brazil narrows significantly current account deficit

  

  Brazil's 12-month current account deficit narrowed in July on rising revenue from exports and strong foreign direct investment. The 12-month deficit declined to 47.9 billion dollars or 2.1%, of GDP, from 49 billion, or 2.2% of GDP in June, the central bank said Tuesday.

• Tuesday, August 23rd 2011 - 06:29 UTC

  Brazilian press targets Communications minister with corruption allegations

  

  Another Brazilian minister, and particularly close to President Dilma Rousseff has been targeted by the Sunday edition of a Sao Paulo magazine with national circulation. According to the report Communications minister Paulo Bernardo has been using the private jet of a major public contractor of the Brazilian government.

• Tuesday, August 23rd 2011 - 06:23 UTC

  Brazil’s main producer of soy beans is the Argentine group El Tejar

  

  Guess who is the main producer of soy beans in Brazil, the country that is the world’s second exporter of oilseed behind the United States?, a Brazilian, no an Argentine group.

• Tuesday, August 23rd 2011 - 06:20 UTC

  Petrobras expects to lower costs and increase earnings in coming quarters

  

  Operating costs for Brazil's state oil company Petrobras will be lower in the coming quarters Chief Financial Officer Almir Barbassa told financial newspaper Valor Economico in an interview published on Monday.

• Tuesday, August 23rd 2011 - 04:04 UTC

  Brazil auctions first concession to construct and operate major airport

  

  Brazil's government on Monday auctioned rights to the first major airport to be operated by a private company as the country moves to pick up the pace of investment in its air travel infrastructure ahead of the 2014 World Soccer Cup.

• Monday, August 22nd 2011 - 21:28 UTC

  UN Rapporteur calls on Brazil for immediate protection of judges and magistrates

  

  The United Nations Special Rapporteur on the independence of judges and lawyers, Gabriela Knaul, urged the Brazilian authorities to take immediate action to provide judges, magistrates, prosecutors, public defenders and lawyers with effective and adequate measures of protection.