Tag: Brazil

• Tuesday, May 4th 2010 - 05:37 UTC

  Lula da Silva Confirms Paraguay the Promised Power Line and Bridge

  

  President Lula da Silva reassured Paraguay that Brazil will build the promised 500 kW power transmission line from the Itaipú dam to the capital Asunción, as well as a bridge over the Paraná River shared by both countries.

• Tuesday, May 4th 2010 - 02:31 UTC

  Brazilian Tourists Fully Book Chilean Ski Resorts for Winter Holidays

  

  Brazilians are hanging up their swimsuits and donning snowsuits for this year’s winter ski season in Chile. Ski resorts have built strong campaigns with Chilean operators, agencies and media to increase visits from Brazil to the country’s ski slopes.

• Monday, May 3rd 2010 - 04:14 UTC

  Auto Industry Investment Plans Confirm Brazil as One of Five Main Global Markets

  

  The Brazilian automotive industry will invest 11.2 billion US dollars over the next two years to 2012, an amount that tops the 8.1 billion of the three preceding years, local media said Saturday.

• Monday, May 3rd 2010 - 03:09 UTC

  Norway Takes Over Aluminium Business and Bauxite Deposits in Brazil

  

  Norway’s Norsk Hydro ASA (OSL: NHY), Europe’s third largest aluminum maker, agreed to buy mining and smelting assets from Vale (NYSE: VALE) in a deal valued at 4.9 billion US dollars, boosting its control over raw materials used in production.

• Saturday, May 1st 2010 - 01:19 UTC

  Brazilian Supreme Court Upholds Former Military Regime 1979 Amnesty Law

  

  Amnesty International has condemned the Brazilian Supreme Court's blocking of a reinterpretation of a 1979 Amnesty Law that protects members of the former military government from being put on trial for extrajudicial killings, torture and rape.

• Saturday, May 1st 2010 - 01:07 UTC

  Brazilian Central Bank Purchases Dollars to Limit Gains in the Real

  

  Brazil’s Real fell on Friday for the first time in three days as the government stepped up efforts to limit gains in the currency. The real lost 0.6% to 1.7384 per dollar at the end of the week after increasing 2.4% in April and 1.1% for the week.

• Friday, April 30th 2010 - 01:16 UTC

  Repsol YPF Plans to Raise Cash to Keep Expanding in Brazil

  

  Repsol YPF S.A. (BMAD:REP), Spain’s biggest oil company, is considering the sale of about 40% of its Brazil assets in an initial public offering as early as this year, company executives said Thursday on a conference call.

• Friday, April 30th 2010 - 00:24 UTC

  Brazil’s Lula da Silva Named “Most Influential World Leader” by Time Magazine

  

  Brazilian President Lula da Silva has been named the most influential leader in the world by Time Magazine, ahead of US President Barack Obama who is ranked fourth. No European leader figures among the top 25.

• Thursday, April 29th 2010 - 07:03 UTC

  Fearing an Over-Heated Economy Brazil Hikes Basic Rate 75 Points to 9.5%

  

  Central Bank of Brazil increased on Wednesday the benchmark interest rate for the first time in 19 months in an effort to cool an economy forecast to expand 6% this year, one of the highest rates in two decades.

• Thursday, April 29th 2010 - 06:41 UTC

  Sugar Prices Fall on Prospects of Abundant Crops in Brazil and India

  

  Sugar fell in New York and London, reversing earlier advances, as an improved outlook for production in Brazil and normal rainfall in India outweighed concern that supplies will fall short.