Brazil is One of Few Winners in Global Crisis

The financial market meltdown a year ago brought Brazil's three-year economic spurt to an abrupt halt, silencing those who had previously held that the country would be able to weather any global financial storm because of its strong domestic economy and stable banking system, reformed after the Latin American debt crisis of the 1980s.

As raw-material prices plummeted and investor risk-appetite dried up, hopes were quenched that Brazil's economy might be immune to the woes of the global markets. The economy contracted 3.6% in the fourth quarter of 2008 and a further 1% quarter-on-quarter in the first three months of 2009.

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Brazil to become first foreign customer for French jet

BRASILIA (AFP) – France has struck a landmark outline accord to sell 36 Rafale fighters for between four and seven billion dollars to Brazil, potentially the first foreign customer for the expensive jet, officials said.

Brazil's President Luiz Inacio Lula da Silva announced on Monday after meeting French leader Nicolas Sarkozy that advanced contract talks were being held, though French maker Dassault Aviation said it did not expect a final accord until 2010.

France has been seeking a foreign buyer for the multi-role combat jet for more than a decade.

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Brazil Property News: Brazilian property owners get new minimum wage

September 2009 12:51

Brazil's planning minister Paulo Bernado has announced that the South American country's minimum wage will rise by 8.8 per cent in 2010.

The news was released at the 2010 budget proposal which was presented to congress recently.

Minimum wage increases above the rate of inflation, welfare programs and other social policies have helped boost the Brazilian economy since President Luiz Inacio Lula da Silva took charge six years ago.

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Germany offers Brazil World Cup help

Economy Minister Karl-Theodor zu Guttenberg is hoping German firms can win infrastructure, organization and security contracts to help Brazil prepare for the tournament.

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Unraveling the mystery of Brazil's 'twin town'

Land of twins mystery
A tiny hamlet in Sao Pedro, Brazil has 40 pairs of twins in just one 4 km stretch, CNN finds out why.

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Brazil Property News: Traveling to property in Brazil 'is getting much easier'

August 2009 04:53

Brazilian property owners who live overseas are finding it much easier to travel to the South American country as airlines are increasing the number of services, according to an expert.

Laura Rendell-Dunn, spokesperson for Journey Latin America, said that TAP Portugal have increased its quota of flights landing in the capital Brasilia and various locations in the north-east of Brazil.

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