Brazil will extend a payroll tax break to some manufacturers as part of a package of new measures to help struggling industries in a move to help the recovery of Latin America's top economy, a senior government source revealed to the local media.
Brazilian authorities identified a small oil leak off the shores of Rio de Janeiro on Saturday, the latest in a series of spills that has raised safety concerns over the development of some of the world's largest petroleum reserves.
Former Brazilian president Lula da Silva said in an interview published this week that he feared losing his voice more than dying when he was diagnosed with larynx cancer.
Brazil's Central Bank Monetary Policy Committee (Copom) reaffirmed the likelihood it will continue to cut rates and at the same time perhaps put into question its commitment to the 4.5% inflation target for 2013, according to the quarterly inflation report released Thursday morning.
Brazil's largest oil workers union filed a lawsuit against US oil company Chevron and drilling firm Transocean that seeks to cancel their rights to operate in the country as the result of an offshore oil spill last November.
Rio do Janeiro riot police used pepper spray and tear gas on Thursday to chase protesters away from a celebration by retired soldiers marking the March 1964 coup that established Brazil's long military dictatorship.
Brazilian lawmakers on Wednesday moved a step closer to passing a long-delayed measure key to preparations for the 2014 soccer World Cup, breaking a gridlock in Congress that threatened to delay President Dilma Rousseff's legislative agenda.
Former Brazilian president Luiz Inacio Lula da Silva announced Wednesday that he was returning to politics after being told that his larynx cancer was in complete remission.
President Dilma Rousseff plans to use her New Delhi visit later this week to sound out Indian leaders on the French Rafale fighter jet, which she is considering buying to beef up Brazil's air force.
Argentina's industrial production fell unexpectedly in February, after 28 consecutive months of expansion, as weaker demand from Brazil hit the key automobile sector. Industrial output fell 0.8% from February 2011 and slid 1.4% from the previous month, said Indec.