Brazil
Capital: Brasilia ; Largest city: Sao Paulo GDP growth (annual %) 2016 : -3.6%
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Brazil' Gov't Calls For WTO Panel Against Canadian Subsidies To Bombardier
The Brazilian government will request that the World Trade Organization's (WTO) Dispute Settlement Body to set up a panel to discuss the case against Canada related to subsidies given by the North American country to the aviation sector, benefiting Bombardier's C-Series program, which competes with Brazil's Embraer.
The WTO will be requested to examine additional than 20 programs of subsidies granted by Canada to the aviation sector of the country due or not instantly related to the development of the new Bombardier family of aircraft in the context of the C-Series program. The Brazilian government questions if the subsidies are compatible with WTO rules.
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Odebrecht agrees to pay $220 million fine, aid Panama probe
Brazilian engineering company Odebrecht [ODBES.UL] agreed to pay $220 million in fines and will cooperate with investigators probing bribes of Panamanian officials, the Central American country's attorney general said on Tuesday.
The fine included $100 million for using the banking system for illicit activities, said Panama's attorney general, Kenia Porcell.
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Brazil, Argentina prosecutors say governments interfering in Odebrecht probe
The top prosecutors of Brazil and Argentina are accusing their governments of interfering in the creation of a joint anti-corruption task force to investigate bribes by the Odebrecht engineering group so that politicians, a lot of of whom are under investigation, can themselves control the exchange of evidence.
Brazil's Prosecutor General Rodrigo Janot said on Tuesday the two nations had agreed in June to set up a task force to allow the rapid and simultaneous investigation of bribes paid by Odebrecht, but the joint effort has not taken off.
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- Key Facts
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Full name: Federative Republic of Brazil
Population: 196.6 million (UN, 2011)
Area: 8.55 million sq km (3.3 million sq miles)
Major language: Portuguese
Major religion: Christianity
Life expectancy: 71 years (men), 77 years (women) (UN)
Monetary unit: 1 real = 100 centavos
Main exports: Manufactured goods, iron ore, coffee, oranges, other agricultural produce
GNI per capita: US $10,720 (World Bank, 2011)
Internet domain: .br
International dialling code: +55
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Climate change laws around the world
2017/05/14There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.
The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.
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Latin America Economy Renewed confidence in Latin America’s brightest economy
2017/03/04The PPK cabinet has been working diligently to modernize the country and replace business confidence, while unlocking investments and infrastructure megaprojects in a bid to boost the country’s economy
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China deepens level of involvement in the economy of Brazil and neighbouring countries
2015/06/26The visit by the Chinese Prime Minister Li Keqiang, to Brazil last week, nearly a year next one by President Xi Jinping, deepened the level of engagement between the two economies inclunding with Latin American nations that historically have been closer to the United States of America.
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Brazil needs to get back on the offensive
2014/07/11Brazil has made huge economic gains in the completed few decades, but this increase is presently threatening to grind to a halt. Further evolution rests on the country's ability to reform and tackle key issues, such as its infrastructure deficit and poor public services.
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The Latin American way new Trans-Pacific Partnership
2013/11/15Cross-border trade bodies in the Americas have a variable record, with critics rounding on the likes of Mercosur or even the new Trans-Pacific Partnership. However, the Pacific Alliance – largely driven by the private sectors of Chile, Peru, Colombia and Mexico – appears to be showing how such bodies can work entirely.
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São Paulo attracts largest financial services FDI
2013/11/03Foreign direct investment into the financial services sector of São Paulo and Rio de Janeiro is booming, while speciailist fnancial centres in the Caribbean are having a positive impact on the world economy.
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Lessons from Brazil in Mozambique's Nacala Corridor
2013/04/13Home to around 36m hectares of arable land, Mozambique is reliant on the agriculture sector for a quarter of its economic output and has long attracted the interest of commercial farmers.
From presently on the country’s agriculture story has been one of uneven performance and untapped potential. Large-scale investors have struggled to launch projects, and those that have have faced constraints ranging from drought to ‘land-grab’ protests by local farm unions. At present, only about 3.9m hectares – or 10 % of arable land - is actually under cultivation, with 97 % worked by local smallholders.
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Outlook for 2014-18
2013/11/03The country (Brazil) is located in Eastern South America, bordering the Atlantic Ocean. It has borders with Argentina for 1224km, Bolivia for 3400km, Colombia for 1643km, French Guiana for 673km, Guyana for 1119km, Peru for 1560km, Paraguay for 1290km, Suriname for 597km, Uruguay for 985km and Venezuela for 2200km. Land in Brazil is typically flat to rolling lowlands in north; some plains, hills, mountains, and narrow coastal belt.
The climate is mostly tropical, but is temperate in the south.
OVERVIEW
Although social unrest has abated for presently, the president, Dilma Rousseff, will struggle to address demands arising from civil society, with downside risks to The Economist Intelligence Unit's estimate that she will win re-election in October 2014. The congressional schedule will be geared to address issues raised by the mass protests that swept the country in June, inclunding political reforms and initiatives to improve health, education and public transport services.
- Brazil News
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- STOCK MARKET / FINANCE: BRAZIL: Ibovespa Closes Slightly Down On Political And Fiscal Issues
- INDUSTRY: Brazil' Gov't Calls For WTO Panel Against Canadian Subsidies To Bombardier
- SOCIAL / CSR: Odebrecht agrees to pay $220 million fine, aid Panama probe
- LOCAL GOVERNMENT: Brazil, Argentina prosecutors say governments interfering in Odebrecht probe
- INDUSTRY: New car sales in Brazil pick up for first time since 2013
- PETROLEUM / MINING : Petrobras, China's CNPC to jointly exploit energy resources
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