Brazil’s inflation to pierce target ceiling in mid-September

September 17, 2014

Silvio Cascione and W Simon – Reuters, 09/16/2014

Brazil’s annual inflation rate probably pierced the government’s target ceiling in mid-September as airfares rose and food prices slowed their decline, according to analysts surveyed in a Reuters poll published on Tuesday.

Consumer prices BRIPCY=ECI are seen up 6.57 percent in the 12 months to mid-September, slightly above the 6.5 percent ceiling of the official target range, according to the median of 23 forecasts in the survey.

In the month to mid-September, consumer prices BRIPCA=ECI probably rose 0.35 percent, up from a 0.14 percent gain in the month to mid-August, according to the median of 28 forecasts. The inflation data is due to release on Friday at 9 a.m. (8 a.m. EDT.)

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Indians in Brazil say gov’t deceived them about dam project

September 17, 2014

EFE – Fox News Latino, 09/16/2014

Brazil’s Munduruku Indians charged Tuesday that the government deceived them and defied a requirement to consult with the tribe before approving the construction of a new hydroelectric dam in the Amazon jungle.

A statement distributed by the Missionary Indian Council, a group linked to the Catholic Church, said the indigenous people “are outraged” after the government of President Dilma Rousseff set Dec. 15 as the date to receive bids to build the São Luiz do Tapajos power plant in the northern state of Para.

Government officials met with Munduruku representatives two weeks ago to discuss the Indians’ rights to be consulted about developments in their lands, as mandated by Convention 169 of the International Labor Organization.

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Clashes erupt in Brazil as police evict squatters from high-rise

September 17, 2014

Vincent Bevins – The Los Angeles Times, 09/16/2014

Clashes between police and squatters resisting eviction paralyzed Sao Paulo on Tuesday morning, as streets were emptied and the center of South America’s largest city was filled with tear gas and smoke from at least one torched city bus.

Large-scale demonstrations and street conflicts have taken place periodically across Brazil since June 2013, but had largely subsided since the beginning of the World Cup soccer tournament this June.

Chaos returned on Tuesday, however, after the forced eviction of members of the FLM, or Front to Fight for Housing, one of the many groups living in abandoned buildings in the city’s center. More than 70 people were arrested in the melee.

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First domestic case of chikungunya in Brazil

September 17, 2014

Channel NewsAsia, 09/16/2017

Brazil’s authorities on Tuesday (Sep 16) reported the first domestically contracted cases of the mosquito-borne chikungunya virus, prompting the government to announce it was stepping up attempts to control the disease. The joint disease, which causes high fever and painful arthritis, is endemic to Africa and south Asia but has been moving north as well as west.

Brazil’s cases emerged in Oiapoque municipality in the northern region of Amapa, bordering French Guiana, where cases have also been reported. The Brazilian health ministry said the two sufferers appeared not to have traveled abroad recently, suggesting they must have contracted chikungunya in Brazil.

The country reported 37 cases between January and this month, although on each occasion the patient had contracted the disease abroad. A health ministry spokesman said the government would “step up control measures” to combat an illness which bears some resemblance to dengue fever and for which there is no vaccine.

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Brazil Removed From UN World Hunger Map

September 17, 2014

Associated Press – ABC News, 09/16/2014

The Brazilian government Tuesday hailed a new United Nations report that for the first time removed Latin America’s biggest country from the World Hunger Map.

“Leaving the Hunger Map is a historic milestone for Brazil. We are very proud because overcoming hunger was a priority for the Brazilian state,” Social Development Minister Tereza Campello said in a statement.

The State of Food Insecurity in the World 2014 was released Tuesday by the Food and Agriculture Organization of the United Nations, the International Fund for Agricultural Development, and the United Nations World Food Program. According to the report, the number of undernourished Brazilians has fallen by more than 80 percent in 10 years.

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Coffee experts fear for Brazil harvest

September 17, 2014

Emiko Terazono – Financial Times, 09/07/2014

Divining the health of branches, floral buds and roots of coffee trees in Brazil has become key to millions of dollars being made or lost after a devastating drought hit the country at the start of the year. Recent discussions among roasters, analysts and hedge fund managers have focused on coffee agronomy, says Keith Flury, head of research at Volcafe, the coffee division of commodities traders ED & F Man.

“Given the unprecedented drought, industry and trade have had to increase knowledge about moisture deficits and the impacts on plants,” he says.

Brazil is the largest coffee producer in the world, accounting for about 35 per cent of all output. In the past, the main weather problems for the country’s coffee growers have been frosts – few farmers and traders have had to deal with the consequences of heat and dryness.

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Brazil announces new tax breaks for business

September 16, 2014

EFE – Fox News Latino, 09/15/2014

Finance Minister Guido Mantega presented here Monday a package of tax measures aimed at stimulating Brazil’s economy less than a month ahead of the presidential election.

“We want to make Brazilian industry more competitive and reduce juridical insecurity,” he said after meeting in Sao Paulo with representatives of the powerful CNI business confederation.

The changes include extending to all industries a reduction in the rate of tax on overseas profits from 34 percent to 26 percent. Until now, that benefit has been available only to firms in construction, services, food processing and the beverage sector.

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