Brazil blames Mexico for delay in information on swine flu

Brazil blames Mexico for delay in information on swine flu Brasilia - The Brazilian government complained Monday that Mexican authorities took too long to inform other countries of its swine flu outbreak. Brazil has so far not reported any cases of swine flu, the Health Ministry said.

"In such cases as these there cannot be such a delay in notification. Brazil has a habit of not hiding serious public health cases," said Agenor Alvares, general director of the public Agency for Health Surveillance (Anvisa).

Glock sets pace in final practice ahead of F1 qualifying

Lewis HamiltonSakhir, Bahrain - Germany's Timo Glock was fastest in final practice for Sunday's Formula One Bahrain Grand Prix but then developed a problem with his Toyota ahead of qualifying later in the day. Ferrari's Felipe Massa of Brazil was second fastest, ahead of Williams driver Nico Rosberg, who had been quickest in the previous day's second practice.

World champion Lewis Hamilton of Braitain in a McLaren-Mercedes was fourth, with former world champiom Kimi Raikkonen of Finland in a Ferrari fifth.

Surya Brasil to setup manufacturing facility in India

Surya Brasil to setup manufacturing facility in India Surya Brasil, a Brazilian personal care firm, has plans to setup up a manufacturing facility in the India, to cater the growing demand for its products in the region.

Currently, the company has 8 distributors throughout the country and its products are available at major retail chains. The firm has been operating in the country, for the past two years.

The company expects to clock turnover of Rs 1 crore this fiscal, with the setup of new manufacturing facility. Presently, the company has three manufacturing units in Brazil.

Brazil condemns Ahmadinejad's comments on Israel ahead of visit

Mahmoud AhmadinejadBrasilia - Brazil condemned Iranian President Mahmoud Ahmadinejad's verbal attack on Israel at a UN racism conference as it prepares for a May 6 visit by the Iranian leader.

Ahmadinejad trivialized the meaning of tragic and historically established events like the Holocaust, Brazil's Foreign Relations Ministry said Tuesday in a statement.

Such comments damage the climate for dialogue and the understanding necessary for international efforts to end discrimination, it added.

UBS to sell Brazilian arm for 2.5 billion dollars

UBSZurich - UBS announced Monday it had agreed to sell its Brazilian financial services business, UBS Pactual, for approximately 2.5 billion dollars to BTG Investments, in an attempt to raise capital.

In a statement the Swiss bank said the sale, which would result in a "small loss," was part of a strategy to reduce its risk profile and improve its balance sheet.

Also, the sale will strengthen by 1.3 billion dollars its Tier 1 capital, which had been slipping in recent months, UBS said. The tier 1 capital ratio is considered an important indicator of a bank's financial strength

Invensys Process Sytems wins order worth $50 million from Petrobras

Invensys Process Sytems wins order worth $50 million from PetrobrasInvensys Process Systems (IPS), a global technology, software and consulting firm, has entered into a five-year contract with Petrobras, to provide comprehensive safety services and solutions.

Under the arrangement, the company will implement its Triconex safety and critical controls and Avantis asset management technology to upgrade and modernize 11 Petrobras refining facilities throughout Brazil. The contract is valued at $50 million.