Brazilian media reported more corruption allegations against the country's embattled Sports Minister on Saturday, raising the pressure on him to quit a day after he received the backing of President Dilma Rousseff.
Cuban Foreign Trade and Investment Minister Rodrigo Malmierca underlined the crucial role of foreign investment for the development of Cuban Special Development Zones”.
Mercosur and the European Union are committed to presenting their proposals with list of products for a free trade agreement in June 2012, announced on Friday Uruguay’s Foreign Affaire minister Luis Almagro.
Sao Paulo will host the opening match of the 2014 World Cup and Rio de Janeiro's Maracana stadium, where Uruguay in 1950 knocked out the host’s dream of its first Cup, will stage the final, FIFA announced Thursday.
Brazil reaffirmed its influence in Africa with the visit by President Dilma Rousseff on Thursday of the oil rich ‘brother’ nation Angola. Rousseff had previously visited South Africa and Mozambique.
Brazil’s Supreme Court suspended until mid-December a higher tax on imported cars imposed in September to protect local manufacturers from cheap import from China, Korea and elsewhere.
Brazilian Senate Constitution and Justice Committee approved this week the bill for the creation of a National Truth Commission to research unsolved serious crimes committed between 1946 and 1988, which includes the controversial military dictatorship period from 1964 to 1985.
Argentine and Brazilian footwear manufacturers clashed this week over restrictions to trade, mainly through the delay in approving import licences but agreed to keep talking next month in Rio do Janeiro.
Brazil’s central bank cut borrowing costs by half a point for a second straight meeting. The bank’s board, led by President Alexandre Tombini, voted unanimously to reduce the benchmark Selic rate to 11.5% from 12% percent.
Former Brazilian president Lula da Silva recommended European Union leaders to stop discussing balancing budgets and recapitalization of banks and find a solution to the current crisis through more economic growth, more trade and more jobs.