Brazil

2:00am

Wed March 7, 2012
Business

Brazil Becomes World's Sixth Largest Economy

Another year of growth was enough to edge Brazil past the stagnant United Kingdom in global economic rankings. Agriculture and food processing were the big areas of growth for Brazil.

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12:14pm

Wed February 22, 2012
The Salt

FDA Says Brazil's Orange Juice Is Safe, But Still Illegal

Oranges for sale at a market in Rio de Janeirol.
Antonio Scorza AFP/Getty Images

If you happen to notice sometime later this year that you're suddenly paying a lot more for orange juice, you can blame America's food safety authorities. The U.S. Food and Drug Administration, after several weeks of deliberation, has blocked imports of frozen, concentrated orange juice from Brazil, probably for the next 18 months or so, even though the agency says the juice is perfectly safe.

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1:35pm

Mon January 2, 2012
Economy

Brazil Sets Trade Records, Due To Chinese Demand

Brazil had record trade figures in 2011, logging $256 billion in exports and maintaining a $29.7 billion surplus on the back of high commodity prices and strong Chinese demand, officials said Monday.

Exports to China hit $44.3 billion, an increase of more than 43 percent over 2010. In 2009 China surpassed the U.S. as Brazil's biggest trading partner.

"It was an exceptional year for Brazilian foreign trade," said Alessandro Teixeira, deputy trade minister, who said China represented 17 percent of Brazil's exports.

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12:15pm

Tue December 27, 2011
The Two-Way

Brazil Overtakes U.K. As World's Sixth Biggest Economy

Thousands of people crowd Ipanema Beach in Rio de Janeiro, Brazil as summer gets going in the Southern Hemisphere.
Vanderlei Almeida AFP/Getty Images

Brazil is now the world's sixth biggest economy overtaking the U.K., according to the Centre for Economics and Business Research. As the Financial Times puts it, it's another milestone that's part of a larger trend where emerging economies outpace developed ones. China, they report, overtook Japan earlier this year.

The BBC explains:

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10:55am

Wed September 7, 2011
Latin America

Brazil Hopes To Add Oil Wealth To A Booming Economy

Brazil's energy company, Petrobras, inaugurated a new offshore platform on June 3 in Angra dos Reis. Brazil has located major offshore oil fields and plans to greatly increase production in the coming years.
Ari Versiani AFP/Getty Images

When people say Brazil won't be the next Saudi Arabia, they mean it in a good way.

Brazil has discovered enormous oil reserves far off its coast, but the country's robust and varied economy means it shouldn't become dependent on oil.

"Brazil is not just going to be an oil exporting country," says Paulo Sotero, director of the Brazil Institute at the Woodrow Wilson Center for International Scholars. "That's not all it's going to do."

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