Brazil’s central bank chief Henrique Meirelles said he’s “confident” inflation will meet the target because the country has already started raising interest rates. He also admitted that Brazil is seeing “some decline” in exports to Europe as the region’s indebted nations struggle to cut budget deficits.
In the midst of the tension between Argentina and Brazil, President Cristina Fernández de Kirchner will meet Friday with Brazilian President Lula Da Silva after both take part in the 3rd annual United Nations Alliance of Civilizations Summit taking place in Rio do Janeiro.
The Brazilian ruling coalition presidential candidate Dilma Rousseff speaking before industry moguls made a strong defence of Mercosur and criticized the US sponsored Free Trade Area for the Americas.
United States president Barak Obama turned down an invitation from Brazilian president Lula da Silva to visit the country ahead of October 3 when presidential elections are scheduled, reported a newspaper from Sao Paulo.
Through a letter, Brazilian President Lula da Silvia asked the South American Nations Union (Unasur) and Mexico to support the uranium enrichment tripartite agreement reached between his country, Iran, and Turkey.
Brazil's administration has threatened to implement retaliation measures if its foodstuffs are banned from entering into Argentina, according to statements made by the Foreign Trade head Welber Barral in a press conference.
The Brazilian economy can grow as much as 7% this year, raising the risk of overheating, said on Tuesday International Monetary Fund Managing Director Dominique Strauss- Kahn, who described Brazil as “a success story”.
Brazil will be ready to control the whole industrial cycle of uranium processing, from extraction of the radioactive mineral to its final conversion into fuel, in large volumes, by the end of the year, according to military sources.
Brazil’s currency fell Monday over concern Europe’s debt crisis may slow the global economic recovery. The Real slid 0.9% to 1.8704 per U.S. dollar from 1.8534 on May 21. The currency has declined 6.7% this year after rising 33% in 2009.
Brazil launches Monday its international Public Broadcasting Service with the initial purpose of penetrating the African continent, more precisely the former Lusitanian Empire where Portuguese is spoken.