Brazilian plane-maker Embraer will sell its A-29 Super Tucano aircraft to the US Air Force, in a firm-fixed price delivery order contract worth 355 million dollars, the company said in a statement.
Brazil's government may cut as much as much 60 billion Reais (32 billion dollars) from spending in 2012 in an effort to control its deficit and inflation, the Estado de Sao Paulo newspaper reported, citing unnamed Finance Ministry officials.
Brazil's government faces as much as 74 billion Reais (40 billion dollars) of unbudgeted expenses in 2012 stemming from lawsuits awaiting judgement at the country's Supreme Court, the Correio Brasilense newspaper reported on Sunday.
Brazilian president Dilma Rousseff will be celebrating on Sunday her first of four years in office with a record public opinion support of 72%, based on a sober and firm style in running what has become the world’s sixth largest economy.
The Brazilian subsidiaries of Mexican telecoms giant America Movil are planning 10 billion Reais (5.4 billion dollars) worth of new investment in 2012, Folha de São Paulo said on Tuesday.
The conservative and influential Brazilian newspaper O Estado de Sao Paulo in an editorial described the Argentine government as an “austral democradura” (authoritarian regime) which is sponsoring legislation “to terrorize the media”.
The Brazilian Congress approved next year's budget bill, rejecting wage increases for pensioners and public servants in a bid to contain spending as volatility advances in international markets.
President Dilma Rousseff, about to complete her first year in office, reiterated she remains committed to eliminate extreme poverty in Brazil by the end of her term in 2013.
Brazil has overtaken the UK as the world's sixth largest economy according to the Centre for Economics and Business Research, CEBR. The latest World Economic League Table also showed Asian countries moving up and European countries falling back.
From Monday's Globe and Mail (*)
The Falkland Islands, a windswept archipelago in the South Atlantic Ocean, are a British Overseas Territory, and have been since 1833. The 3,000 inhabitants of this Island are proud to be British subjects, and no amount of Argentine huffing or puffing will change that.