Tag: Brazil

• Thursday, April 21st 2011 - 06:41 UTC

  China further opens its market to Brazilian beef, chicken and now pork

  

  China opened its market significantly for Brazilian beef and chicken said Brazil’s Agriculture minister Wagner Rossi on his return from a week long visit to China with a business delegation headed by President Dilma Rousseff.

• Thursday, April 21st 2011 - 06:31 UTC

  Tax revenue in Brazil surges 9.7% in March on the back of consumer demand

  

  Brazil's tax revenue surged in March on the back of consumer demand that has continued to be robust the federal tax authority said this week.

• Thursday, April 21st 2011 - 06:25 UTC

  Inflation and unemployment confirm Brazilian economy overheated

  

  March inflation in Brazil accelerated to its fastest rate since November 2008, driven by food, beverages and fuel prices. Consumer prices as measured by the IPCA-15 index rose 6.44% in the year through mid-April, the national statistics agency announced Wednesday in Rio do Janeiro.

• Wednesday, April 20th 2011 - 02:27 UTC

  Brazil trusts the Fed will end liquidity program in July thus boosting the US dollar

  

  Brazil believes the impact of an undervalued US dollar which is appreciating other currencies such as the Brazilian Real, ‘won’t last long’ according to forecasts from Finance Minister Guido Mantega.

• Wednesday, April 20th 2011 - 00:49 UTC

  First Brazilian pre-salt oil shipment to Chile in mid May

  

  Petrobras, Brazil’s state-controlled oil producer will export its first cargo from the country’s second-largest crude field to Chile in mid-May.

• Tuesday, April 19th 2011 - 13:53 UTC

  Argentina joins manufacturing of Brazil’s KC 390 jet powered military transport

  

  Brazil and Argentina aircraft industries have signed a partnership contract for the manufacturing of the Embraer KC 390, a medium sized twin engine jet powered military transport aircraft with a 23 tons capacity.

• Tuesday, April 19th 2011 - 03:51 UTC

  What is behind Brazil’s high rates: loose fiscal policy, low savings or politics

  

  With Brazil’s benchmark interest rate at 11.75% and prospects of further increases Latin America’s largest economy poses a challenge to economists and analysts. The answers are not only economic but also political.

• Saturday, April 16th 2011 - 01:53 UTC

  Norway’s Statoil makes major oil discovery in the Brazilian Campos basin

  

  Norway’s biggest oil and gas producer Statoil ASA, said the “significant” oil discovery made adjacent to the Peregrino field in the Campos basin off Brazil may warrant a separate installation to speed up development.

• Saturday, April 16th 2011 - 00:22 UTC

  Brazil 2012 budget estimates: primary surplus 3.1% of GDP, dollar at 1.76 Real

  

  Brazil is aiming for a primary budget surplus of 3.1% of GDP in 2012 as the government tries to put its public accounts back into better shape. Brazil’s economy is expected to grow 5.0% in 2012, compared to a 4.5% growth forecast for this year, according to an outline of the 2012 budget released Friday.

• Saturday, April 16th 2011 - 00:11 UTC

  Tombini says Brazil is in the middle of a monetary tightening cycle

  

  Brazil is in the middle of a monetary tightening cycle, central bank President Alexandre Tombini said on Friday, days before the bank is expected to announce a hike in the benchmark lending rate.