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Brazil, Spain, Dublin, Caribbean customs seize 700kg cocaine globally

Heroin Drugs Seized by the Counter Narcotics Police of Afghanistan

BRAZIL: Last week, the large quantity of cocaine was seized in Spain, Dublin, Brazil and Caribbean by the Customs Department of those countries. The 700 kilograms of cocaine was discovered in Esparreguera, Spain concealed in freight shipments from Guatemala. Meanwhile, in Dublin, 5.4 kilograms of cocaine, worth over £300,000 was found hidden in a sweet consignment at the city’s airport. ... Read More »

Brazil investment in Cuban Port a big challenge for Port Miami


SÃO PAULO: Brazil investment in Port of Mariel in Cuba will help importers, exporters and intermediaries in the transportation industry move cargo globally, expert Lenny Feldman talked to media here the other day. He added that the economic impact of Cuban ports with foreign investment would be big challenge for Port Miami. Lenny Feldman talked to media about Brazil has ... Read More »

Low oil prices bring benefits to Brazilian trade balance: Central Bank


SÃO PAULO: The continue fall in oil prices particularly in a range between US$50-60 per barrel may bring benefits to the Brazilian trade balance, Brazil Central Bank President Alexandre Tombini said here the other day, at a breakfast event with journalists in Brasilia. He said from the trade balance and inflation point of view, the lower oil price to countries ... Read More »

Brazil 7th biggest exporter of illicit financial flows touching $21.71b per year


SÃO PAULO: Brazil is the seventh biggest exporter of illicit financial flows in the world, averaging US$21.71 billion of illicit flows per year for the past ten year, a survey released here the other day by Global Financial Integrity (GFI) reveals that. Although one of the top ten, Brazil was nonetheless considered better than its BRICS partners – China (1st), ... Read More »

Brazil’s Mercosur signs MOU with Tunisia, Lebanon to mull reduction in import rates

Bolivia's President Morales and his Argentine counterpart Fernandez de Kirchner attend a bilateral meeting after MERCOSUR summit in Parana

São Paulo: Mercosur signed MOU with Lebanon and Tunisia to discuss products that might benefit in the future of import rates reduction from both sides, here the other day. The goal of these agreements is to broaden commercial relations between Mercosur countries and the two Arab nations. According to sources, these are framework agreements that mark the opening of commercial ... Read More »

Diniz talks with Saudi Carrefour to buy French retailer’s Brazilian unit


SAO PAULO: Abilio Diniz Brazilian tycoon is in talks with Carrefour Saudi Arabia about buying a stake in the French retailer’s Brazilian unit on Wednesday. The talks remain private, Carrefour sees a private placement as a more feasible alternative now than an initial public offering for the unit, Brazil’s No. 2 retailer. Diniz is interested in buying 10 percent to ... Read More »

Venezuela takes steps to restrict smuggling through Brazil, Guyana borders

Venezuela's President Nicolas Maduro gestures during the closing ceremony of the 10th Bolivarian Alternative for the Americas (ALBA) alliance summit in Havana

CARACAS: The government of Venezuela said that it will restrict crossings at Venezuela’s land, maritime and air borders with Brazil and Guyana between 10 p.m. and 5 a.m. In addition, delivery trucks must stay off the roads in Venezuelan border towns between 6 p.m. and 5 a.m. as part of a crackdown on contraband. Venezuela will further restrict nighttime border ... Read More »

Brazil’s economy to eke out 0.18% growth, 6.38% inflation in 2014


BRASILIA: Brazilian economists lowered the country’s economic growth forecasts for 2014 and 2015, a weekly central bank survey showed on Monday. Brazil’s economy should eke out 0.18 percent growth in 2014, according to the median forecasts in a survey of about 100 financial institutions, down from a 0.19 percent estimate a week earlier. Inflation should close the year at 6.38 ... Read More »

Killer Phillip Smith caught by Brazil Customs observing hunger strike


BRASILIA: Recalled killer Phillip John Smith, who was arrested by Brazil customs, is observing hunger strike for grabbing his possessions from him. The convicted killer and child molester was arrested in Rio de Janeiro on November 13, a week after fleeing New Zealand while on temporary release from Spring Hill Corrections Facility in South Auckland. He was deported from Brazil ... Read More »