Tag: Brazil

• Friday, July 15th 2011 - 16:31 UTC

  Plan to support Brazilian industry from foreign protectionism to be announced August 2

  

  Brazil’s president Dilma Rousseff announced Thursday night the launching of a new plan aimed to boost and protect Brazilian industry against international competition and at the same called for a technological development leap forward.

• Friday, July 15th 2011 - 06:31 UTC

  Chavez to receive cancer treatment in Sao Paulo, say Brazilian government sources

  

  Venezuelan President Hugo Chavez will travel to Brazil for cancer treatment, a Brazilian government source told reporters, following his return home after an operation in Cuba.

• Friday, July 15th 2011 - 06:25 UTC

  Argentina denies restrictions in trade with Brazil; admits ‘logical differences’

  

  Argentina’s trade relation with Brazil does not have restrictions and “it’s understandable that some differences surface” when bilateral trade will be reaching over 40 billion dollars this year, said Argentine Industry Ministry sources in Buenos Aires.

• Thursday, July 14th 2011 - 22:09 UTC

  Brazil has a “North Sea of oil” along its Atlantic coast, says Petrobras

  

  Brazil’s oil reserves, including recent discoveries in deep waters of the Atlantic Ocean, are of a similar size to those found in the North Sea, said a Petrobras exploration official in an interview in London.

• Thursday, July 14th 2011 - 07:17 UTC

  Stormy forecast for President Rousseff ten-party ruling coalition

  

  Brazilian president Dilma Rousseff is facing further political unrest in the ruling coalition following the naming of a new Transport Minister, apparently a unilateral decision that was not shared by several allies.

• Wednesday, July 13th 2011 - 19:13 UTC

  In spite of slower growth, Brazil’s consumers and industrial capacity on over time

  

  Economic activity in Brazil expanded 0.17% in May over the previous month, the slowest pace this year, according to the Central Bank’s seasonally adjusted index. As direct reference growth in April was 0.44%. However the May figure is 4.25% over a year ago.

• Wednesday, July 13th 2011 - 16:16 UTC

  Battle for majority control of Brazil’s retail industry falls through

  

  Brazilian retail tycoon Abilio Diniz has suspended plans to merge his supermarket chain Grupo Pao de Acucar with the local arm of France's Carrefour. The move comes after the Brazilian state development bank BNDES and a private fund backed out of supporting the deal.

• Tuesday, July 12th 2011 - 21:01 UTC

  Brazil’s 2016 Olympics deadline running faster that the high-speed train project

  

  Brazil's ambitious high-speed train project was postponed once again due to a lack of bidders but Brazilian officials anticipated they would hold two separate bids for the project to link Rio de Janeiro and Sao Paulo on time for the 2016 Olympic Games.

• Monday, July 11th 2011 - 18:17 UTC

  “Sweet” sugar futures until the northern hemisphere crop is harvested

  

  Sugar supplies will remain limited until the 2012-13 harvest begins in top producer Brazil, broker FCStone do Brasil said citing futures traded in New York. The rise in sugar price helped push the FAO Food Price Index to 234 points in June, which is 39% higher than a year ago.

• Sunday, July 10th 2011 - 05:50 UTC

  Brazil confirms the multibillion fighter jet deal postponed until early 2012

  

  The Brazilian government will not review multibillion-dollar bids for a fighter jet deal until the start of 2012, Defence Minister Nelson Jobim told reporters in France.