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China Merchants Ports buys port of Paranaguá, Brazil

BEIJING: China Merchants Ports has bought 90% of the Brazilian company TCP Participaçoes, which manages the port of Paranaguá, the second largest in the South American country, located in the State of Paraná (south), EFE reported. The agreement between the two companies closed for about $935 million, TCP Participaçoes said in a statement to the financial market. In 2016, China ... Read More »

Brazil, Ghana record US$259.9m trade

BRASÍLIA: Trade between Brazil and Ghana for the first semester of this year stood at US$259.9 million, the Brazilian Ambassador to Ghana, Madam Irene Vida Gala, has announced as her country marks its Independence Day today. As Brazilians remember September 7, 1822, when a declaration of independence from Portugal was made by Pedro di Alcântara, the son of the Portuguese ... Read More »

Brazil, Peru sign FTA on auto sector

BRASÍLIA: Latin America’s two largest economies Brazil and Peru reportedly signed a free trade agreement on Friday to abolish import tariffs on vehicles. Brazil’s Minister of Development, Industry and Trade, Armando Monteiro, said that Brazil’s auto exports to Peru will increase to 30-thousand cars a year within several years from the current four-thousand a year under the agreement. The agreement is ... Read More »

Brazil, Argentina agree to move to free auto trade

BRASÍLIA: Brazil and Argentina have agreed to gradually move toward the free trade of cars and auto parts to bolster ties between South America’s biggest economies, the Brazilian Trade Ministry said on Thursday. Brazilian Trade Minister Armando Monteiro visited his counterpart in Buenos Aires to propose the free trade of vehicles, in a major policy shift for one of the ... Read More »

Brazil, US sign agreement on patents, product safety

BRASILIA: U.S. and Brazilian officials signed a package of agreements on patents and harmonization of regulations governing trade in machinery, equipment, electronics and lightning, the government said. The accords will allow Brazilian firms in those sectors to obtain in Brazil the certifications they need to export their products to the United States, saving up to 30 percent in costs and ... Read More »

Brazil, Cuba sign cooperation deal in FIHAV 2015

BRASILIA: The signing of a cooperation agreement between the Chamber of Commerce of Cuba and the Federation of Industries of Sao Paulo, Brazil, marked the National Day of the South American country in the XXXIII International Fair of Havana, FIHAV 2015. Malmierca said that Brazilian companies have great opportunities for investment in Cuba, and reiterated the gratitude for the support ... Read More »

Brazil, Australia iron ore exports rise despite low prices

BRASILIA: Iron ore exports from Brazil and Australia are expected to keep rising despite low prices and China’s falling demand, Goldman Sachs said in a report. “Seaborne iron ore demand is peaking, and apparent Chinese steel consumption in the year to September is down almost 7%,” it said. “On that basis, rising exports are sustainable only as long as Brazilian ... Read More »

Brazil, Iran to increase trade volume to $5b

BRASILIA: Iran’s minister of economic affairs and finance says the Islamic Republic and Brazil have emphasized their firm resolve to increase the volume of bilateral trade to USD 5 billion a year. Ali Tayyebnia made the remarks after a meeting with the visiting Brazilian Minister of Development, Industry and Foreign Trade Armando Monteiro in Tehran on Tuesday. “According to agreements ... Read More »

Brazil, Colombia sign economic trade agreements

SÃO PAULO: Brazilian President Dilma Rousseff signed along with her Colombian counterpart Juan Manoel Santos several economic agreements that will bring Brazil and Colombia closer as economic partners. The official visit by Rousseff to Colombia is part of a strategy to generate more jobs and revenues for the population of both South American nations. “In 2014 the bilateral trade exchange ... Read More »

Ship carrying 5,000 cattle sinks in Para River, Brazil

SAO PAULO: A ship carrying 5,000 head of cattle sank in a river in Para, a state in the Brazilian Amazon, killing the majority of the animals, who were bound for Lebanon, maritime officials said, adding that the crew survived. The Lebanese-flagged Haidar hit one of the platforms in Porto de Vila de Conde in Barbacena, a city on the ... Read More »

5 dead in attempted bank robbery in Piracicaba, Brazil

RIO DE JANEIRO: A policeman and four presumed criminals died and three people were wounded on Tuesday in a shootout that erupted during an attempted bank robbery in Piracicaba, a town in the interior of Brazil’s Sao Paulo state, the Civil Police reported. The incident occurred about 10 a.m. on Tuesday at the Bradesco branch in the Vila Rezende neighborhood ... Read More »

5 dead in attempted bank robbery in Piracicaba, Brazil

RIO DE JANEIRO: A policeman and four presumed criminals died and three people were wounded on Tuesday in a shootout that erupted during an attempted bank robbery in Piracicaba, a town in the interior of Brazil’s Sao Paulo state, the Civil Police reported. The incident occurred about 10 a.m. on Tuesday at the Bradesco branch in the Vila Rezende neighborhood ... Read More »

BG Group FPSO starts production in Santos Basin, Brazil

BRASILIA: British multinational oil and gas major BG Group has reported first oil from the Cidade de Itaguaí floating, production, storage and offloading (FPSO) vessel, the sixth unit to start production in the Santos Basin, offshore Brazil. The FPSO will produce from the Iracema North area of the Lula field in the Petrobras-operated BM-S-11 block. Anchored 240 km off the ... Read More »

BG Group FPSO starts production in Santos Basin, Brazil

BRASILIA: British multinational oil and gas major BG Group has reported first oil from the Cidade de Itaguaí floating, production, storage and offloading (FPSO) vessel, the sixth unit to start production in the Santos Basin, offshore Brazil. The FPSO will produce from the Iracema North area of the Lula field in the Petrobras-operated BM-S-11 block. Anchored 240 km off the ... Read More »

APHIS announces lifting ban on Argentine, Brazilian beef imports

NEW YORK: The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service (APHIS) announced it is lifting a ban on beef imports from Northern Argentina and 14 of Brazil’s 27 states. But the changes in regulation have some concerned about the risk of foot-and-mouth disease (FMD). The agency concluded that Argentina and Brazil are able to comply with U.S. ... Read More »

US APHIS to allow importation of fresh beef from Argentina, Brazil

NEW YORK: The U.S. Department of Agriculture’s Animal & Plant Health Inspection Service (APHIS) announced that it is amending its regulations to allow the importation of fresh (chilled or frozen) beef from two regions in South America under specific conditions that mitigate the risk of foot and mouth disease (FMD), the first step in a process for these regions to ... Read More »

US APHIS to allow importation of fresh beef from Argentina, Brazil

NEW YORK: The U.S. Department of Agriculture’s Animal & Plant Health Inspection Service (APHIS) announced that it is amending its regulations to allow the importation of fresh (chilled or frozen) beef from two regions in South America under specific conditions that mitigate the risk of foot and mouth disease (FMD), the first step in a process for these regions to ... Read More »

Brazil, China, Peru transcontinental railway will boost trade

BRASILIA: Brazil is encouraging Peruvians to focus on the growth that will be spurred by a 5,300-kilometre railway from the Atlantic to the Pacific. The construction of the proposed “Tren Bioceánico” is being pushed by the Brazilian and Peruvian government, with strong support from China, which sees it as a long-term investment in access to South American resources. “Trade between ... Read More »

Brazil, India negotiates with Iran on construction of refineries

BRASILIA: Brazilian and Indian energy officials have asked for Iran’s assistance to construct oil refineries in their countries, Deputy Oil Minister Abbas Kazzemi announced. “Brazil and India have negotiated with Iran on the construction of refineries,” Kazzemi, who is also the managing-director of the National Iranian Oil Refining and Distribution Company (NIORDC), told reporters on the sidelines of the 20th ... Read More »

Brazil, South Africa customs sentence 10 Namibian women smugglers to jail

BRASILIA: At least 10 Namibian women are currently imprisoned in South Africa and Brazil for drug trafficking, police spokesperson Edwin Kanguatjivi has revealed. Kanguatjivi said these statistics are not surprising considering that foreign syndicates often lure desperate women with promises of luxury and instant riches. The records, Kanguatjivi said, do not show any Namibian men serving time in foreign prisons ... Read More »