The Brazilian congress passed the rules for the election by political parties of Mercosur parliament representatives, which beginning 2014 are to be chosen by popular vote.
Uruguay and Brazil pledged Monday to continue strengthening the bilateral relation and regional integration through Mercosur and Unasur, after presidents Jose Mujica and Dilma Rousseff delegations signed fifteen cooperation agreements in Montevideo.
French Finance Minister Christine Lagarde pledged to push reforms to give Brazil and other emerging economies more influence at the International Monetary Fund as she kicked off a worldwide tour to win support for her candidacy to lead the global lender.
Argentine Industry Minister, Debora Giorgi, and her Brazilian counterpart Fernando Pimentel will meet this Thursday in Brasilia in order to discuss a possible solution for the trade conflict currently affecting Brazil and Argentina
Fiat and Chrysler Group president Sergio Marchionne said on Monday that car sales in Latin America saved the corporation’s balance sheet last year and announced an overall increase in car sale operations in accordance with regional demand.
Brazil Central Bank head of Monetary Policy Aldo Mendes anticipated Monday that inflation in the coming two/three months will be almost flat, close to zero and supported his forecast on the food prices inflexion tendency.
The first Asian factory of industrial and residential lifts in Brazil will be built in the southern state of Rio Grande do Sul, it was announced Sunday in Seoul, Korea by the Hyundai Group.
Brazil’ president of the Economic and Development Bank, BNDES, Luciano Coutinho said that the country’s investment rate in the coming four years will be equivalent to 23% of GDP, sufficient to ensure a sustained robust long term growth of Latin America’s largest economy.
President Dilma Rousseff’s Monday visit to Uruguay will try to ease growing concerns in South America’s smallest country political and economic circles about “Brazil-dependency” and obstacles to bilateral trade, according to reports in the Sao Paulo media previous to her departure.
Brazilian Vice-president admitted publicly “differences” inside the administration of President Dilma Rousseff following a serious, ‘high voice’ exchange he had with cabinet chief and political coordinator Antonio Palocci who in under investigation for over-night enrichment.