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News on Brazil

Here you can stay informed about exciting Brazilian News, Culture, and Events.

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Nov
19
2008

Brazil Acts to Ease Farming Debts

The Brazilian National Development Bank has offered generous loans to farmers in order to help them to re-organize their debts. The bank will lend as much as 500 million Reais to farmers in the Centre-West region of the country. The government is currently looking into new ways to aid farmers suffering from dried up credit, a result of the ubiquitous financial crisis.

Nov
19
2008

Brazil to use 'Heat Seeking' Sensors to Find Amazon Tribes

An Air Force Plane equipped with heat seeking sensors is to be used by the Brazilian Government in an attempt to save isolated tribes of Amazon Amerindians. It is hoped that the plane will be able to detect an estimated 39 groups of indigenous peoples who still live deep in the rainforest. With their location known it will be easier to protect these groups from loggers, gold miners and ranchers who are cutting down swathes of the Amazon at an alarming rate.

Nov
16
2008

Lula Praises G20 Progress

President Lula of Brazil has praised leaders at the recent G20 summit for including developing countries in trying to solve the financial crisis. He claimed that the G8 group of the world's most powerful nations was now 'irrelevant' in a globalizing world where the voice of emerging markets cannot be ignored.

Nov
13
2008

Brazilian Middle Class Hurt by Financial Crisis

Little credit, auto sales declines and unemployment are indicators that the economic crisis is hurting Brazil's middle strata, which had recently seen better living conditions. During the six years that President Lula da Silva has been in power, his social programs and a global commodities boom have helped millions rise out of poverty. Middle class people who are used to buying goods on credit are finding that companies are restricting this method of payment.

Nov
12
2008

Brazil's Lula Compared to US's Obama

The Christian Science Monitor affirms that the US's president-elect and Brazil's leader, Lula da Silva, are similar in background and politics. They both come from a poor background and have been traditionally more leftist with their politics. For now, both are extremely popular with the citizens of Brazil and the US. One of Obama's Harvard University professors is the Brazilian president's chief strategists. It is hoped that this will serve as positive link between the two nations of Brazil and the US.

Nov
11
2008

Leaders of Brazil and Italy Discuss World's Economic Crisis

President Luiz Inacio Lula da Silva of Brazil met with Italian President, Giorgio Napolitano during his three day official visit to Rome. The Brazilian President commented that the world economic crisis was an opportunity to create a world where social concerns were of greater value that economic speculation. Trade between Italy and Brazil has nearly doubled in the last five years.

Nov
05
2008

Real eases against US Dollar

In unison with the American market, Brazil's stock exchange fell as yesterday's presidential election caused worries about the future of the economy while the Brazilian Real eased up against the US dollar. After the news that the Unibanco would be taken over by Itau, Brazilian banking shares were hurt.

Nov
03
2008

Latin America's Biggest Bank Created

As Brazilian banks struggle with the increasing credit crisis, Uniao de Bancos Brasileiros SA is to be acquired by the Banco Itau Holding Financeira SA. In a stock transaction that may be valued at $ 12.5 billion, this would involve the creation of Latin America's largest financial institution. Classified as a merger, this consolidation could be the sign of increased unions in Brazilian banks.

Nov
03
2008

Hamilton Youngest-Ever F1 Champ After Brazil Grand Prix Triumph

While Brazilian Felipe Massa won in front of his home fans in cosmopolitan Brazilian city of São Paulo, Lewis Hamilton was able to come in fifth place in order to win the championship. While rainfall had made it unlikely for Hamilton to catch up, the racer for McLaren was able to over take Toyota driver, Timo Glock, who had not changed his front tires before the inclement weather. Hamilton is the Formula 1's youngest-ever champion and at times considered F1's first black driver.

Oct
30
2008

Massa Aims To Continue Brazil F1 Tradition

Ferrari's Formula One driver, Felipe Massa, hopes he can continue Brazil's tradition of producing world champions in Sunday's title-deciding race at Interlagos, the Sao Paulo track where the F1 Brazilian Gran Prix takes place.

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