Raymond's Feed
Apr 10, 2010

Brazil opposition parties endorse Serra candidacy

BRASILIA, April 10 (Reuters) – Brazil’s leading opposition
candidate Jose Serra on Saturday launched his bid for the
presidency in October elections, proposing more efficiency, new
trade deals and improved public transportation and security.

Serra, of the centrist PSDB party, also criticized high
taxes in Latin America’s largest economy and accused the
current administration of President Luiz Inacio Lula da Silva
of turning a blind eye on human rights abuses abroad.

Apr 7, 2010

U.S., Brazil to sign defense cooperation accord

WASHINGTON/BRASILIA, April 7 (Reuters) – The United States
and Brazil may sign a new agreement as early as Monday meant to
bolster military ties, despite tensions over Iran and signs a
U.S. firm might lose a major Brazilian defense contract.

Pentagon officials acknowledged on Wednesday a new defense
cooperation agreement with Brazil was being worked on and could
be signed as early as next week. Brazilian Defense Minister
Nelson Jobim said he hoped it could happen on Monday.

Apr 7, 2010

Brazil favors France’s Rafale jet – minister

BRASILIA, April 7 (Reuters) – Brazil’s air force prefers
France’s Rafale jet as its next-generation fighter despite the
plane’s higher price tag, Defense Minister Nelson Jobim said on

Brazil is in the final stages of buying 36 jets worth more
than $4 billion, which are to be assembled locally. The deal
could eventually rise to more than 100 aircraft.

Mar 24, 2010

Brazil’s Lula vows economic stability before vote

BRASILIA, March 24 (Reuters) – Brazil’s President Luiz
Inacio Lula da Silva pledged on Wednesday to maintain economic
stability by controlling inflation and ensuring fiscal
discipline before this year’s national elections.

“We are not going to risk economic stability. It has to be
maintained,” Lula said at an event in Brasilia.

Mar 9, 2010

Brazil unveils mining bill to cut speculation

BRASILIA, March 9 (Reuters) – Brazil on Tuesday proposed
legislation that would improve regulatory oversight and reduce
the life span of mining concessions in an effort to discourage
speculation in mineral properties.

“We are stimulating exploration and production in Brazil,”
Mines and Energy Minister Edison Lobao told reporters at the
presentation of the bill.

Mar 3, 2010

Clinton fails to win over Brazil on Iran

BRASILIA (Reuters) – Secretary of State Hillary Clinton failed to win Brazil’s support Wednesday for more sanctions against Iran and said Tehran would not talk seriously about its nuclear program until the United Nations took new action.

Even before he met with Clinton, Brazilian President Luiz Inacio Lula da Silva said “it is not wise to push Iran into a corner. It is wise to establish negotiations.”

Mar 3, 2010

Brazil’s Lula: don’t push Iran into corner on nukes

BRASILIA, March 3 (Reuters) – Brazilian President Luiz Inacio Lula da Silva said on Wednesday the international community should not "push Iran into a corner" over its nuclear program.

Lula, speaking before a meeting with U.S. Secretary of State Hillary Clinton, said "it is not wise to push Iran into a corner. It is wise to establish negotiations."

Clinton’s trip to Brazil was aimed at winning support of Brazil — a non-permanent member of the U.N. Security Council — for moves to sanction Iran over its nuclear program, which Western powers fear is designed to produce atomic weapons.

Tehran says its nuclear program is for peaceful purposes.

Lula has voiced caution over the drive by several Security Council members — the United States, Britain and France — as well as Germany to impose new sanctions on Iran. Diplomats say they could come up for discussion soon.

The United States has been lobbying hard to win over Russia and China, which also hold veto power on the Security Council, as well as to build support among dubious non-permanent members including Brazil and Turkey.

Lula told reporters after an event at the presidential palace that while Brazil supported more negotiation with Iran it would "not support any move by Iran to go beyond the peaceful use of nuclear energy."

He added that he planned to have a "frank discussion" on the subject with Iranian President Mahmoud Ahmadinejad when he visits Tehran in May.

Diplomats told Reuters this week that the Western powers had already prepared a draft proposal for a fourth round of sanctions against Iran for defying U.N. demands that it stop enriching uranium.

If the four Western powers win the support of Russia and China, negotiations on the first new U.N. sanctions resolution in two years could begin immediately.

Lula said Brazil, which has its own civilian nuclear program, believed it was possible to find "another way" to handle the Iran stand-off.

(Reporting by Raymond Colitt, writing by Andrew Quinn; editing by Paul Simao)

Mar 2, 2010

Brazil’s Serra praises govt stimulus measures

BRASILIA, March 2 (Reuters) – Brazil’s leading opposition
presidential hopeful in this October’s election praised the
Brazilian government on Tuesday for the economic stimulus
measures it took during the global financial crisis.

Sao Paulo state Governor Jose Serra’s comments reinforce
expectations that he, like ruling party candidate Dilma
Rousseff, will push for a bigger role for the government in
Latin America’s largest economy if elected on Oct. 3.

Feb 15, 2010

Key political risks to watch in Brazil

BRASILIA, Feb 15 (Reuters) – Brazil’s presidential election
in October looks less risky to investors than any other in the
last quarter of a century and the economy has bounced back
after a brief recession due to the global financial crisis, but
there are still investment risks to watch in Brazil this year.


President Luiz Inacio Lula da Silva’s chief of staff, Dilma
Rousseff of the ruling Workers’ Party, is his hand-picked
candidate to succeed him, and polls show her narrowing the gap
on her main rival, Sao Paulo state Governor Jose Serra of the
opposition PSDB party. [ID:nN04179695]

Feb 8, 2010

Brazil’s Lula sends anti-fraud bill to Congress

BRASILIA, Feb 8 (Reuters) – Brazil’s President Luiz Inacio
Lula da Silva proposed to Congress on Monday a bill aiming to
crack down on companies that bribe public officials.

The bill presented by Lula in a public ceremony follows
years of international pressure for Brazil to honor commitments
it made when it signed United Nations and OECD conventions on