Brazil
BrazilBrazilean central bank inflation warning; rate hike expected in January
Brazil's central bank reiterated Wednesday its clear commitment to raise interest rates soon, as the outlook for inflation has become “far less favorable” than it had previously thought.
Brazilian soy crop estimate up; coffee prices reach a 13-year high
Soybean growers in Brazil, the world’s largest producer after the U.S., may harvest more of the oilseeds next year than the government estimated earlier this month, Agriculture Minister Wagner Rossi said on Wednesday.
China buys power distribution plants which supply Brazil’s main cities
State Grid Corp. of China completed the purchase of seven electricity distribution businesses in Brazil for 989 million US dollars, announced the government this week.
Hillary Clinton will represent Obama at Rousseff’s inauguration January first
Secretary of State Hillary Clinton will head the United States delegation to attend the inauguration of Brazilian president-elect Dilma Rousseff next January first, announced Wednesday the White House.
Carter wants Brazil to play a role in Mid East peace; US mediation exhausted
On the same day that work began on a new Palestinian embassy in Brasilia, Brazilian president Lula da Silva said that peace in the Middle East was impossible with the United States as a mediator, reported the Palestine News Network.
Brazilian exports set to increase 12% in 2011 reaching 220 billion US dollars
Following the 30% expansion in 2010, Brazilian exports are forecasted to grow 12%, in 2011 according to Foreign Trade Secretary Weber Barral. He added that in 2010 the recovery was quite strong compared to the downturn of 2009, but in 2011 global trade growth rate is expected to slow down.
Lula da Silva admits he could run again for office, if things go bad
Brazil's outgoing President Lula da Silva said he might run for president again some day, Folha de S. Paulo newspaper reported, a revelation that could weaken his chosen successor.
Brazilian lawmakers among the best paid in the world
With the recent 62% increase Brazilian lawmakers (Lower House and Senate) will be among the best paid in the world, ahead of European and US peers and from other emerging economies.
Lula da Silva calls for an enlarged Mercosur to better defend the region’s interests
Brazilian president Lula de Silva strongly defended Mercosur calling for a quick approval of Venezuela’s incorporation as full member, and proposed other associate members such Bolivia, Chile, Colombia, Ecuador and Chile should follow the same path since ‘we share the same political, economic and cultural affinities’.
Brazil world fourth largest market for the auto industry: 3.45 m sales in 2010
Brazil has become the world’s fourth largest market for the automobile industry with sales of 3.45 million in 2010, up 9.8% over 2009, and is also attracting massive overseas investments to the industry, reports Anfavea the Brazilian Association of automobile manufacturers.Brazil now stands behind China, United States, Japan and ahead of Germany.
