Robert da Fonseca, director of the Sao Paolo Industry Federation, FIESP admitted on Friday that Brazilian businessmen are “worried” with the commercial conflict that Argentina and Brazil face.
Brazil will respond to the requests from industry and unions to reduce taxes to help boost local manufacturing and thus cut into the growing impetus of imports, promised Vice-President Michel Temer during a seminar sponsored by the powerful São Paulo Federation of Industries, FIESP, together with the two main organized labour unions.
Origen Private Equity Ltd., a boutique investment firm headquartered in London, is launching in June what is set to be the first impact investment fund developing low-cost housing in north-east Brazil in conjunction with the Brazilian government's Minha Casa Minha Vida programme.
The Brazilian Government announced that it is considering additional import restrictions on top of the ones already applied to vehicles, as a measure to defend their national industry.
Brazilian Industry Secretary Alessandro Teixeira said on Wednesday that no progress has been made so far regarding the trade impasse over Brazil’s import delays for Argentine cars and auto parts, but denied any crisis with Argentina since negotiations are on-going.
Brazil’s Vale Doce, the world’s biggest iron-ore producer, said it will invest 2.9 billion US dollars to increase the capacity of the Ponta da Madeira terminal in northern Brazil, making it the largest port in the country by volume.
Brazil and Argentina agreed to monthly meetings on commerce, Argentina said, as the neighbouring countries try to overcome tensions that flared earlier this month over car imports.
Brazil which gets about 80% of its energy from hydroelectricity is considering a record investment of 4.1 billion Real (2.5 billion USD) for wind farms this year to diversify its power supply.
Brazil's congress has passed a law that -- if approved by President Dilma Rousseff -- would require sexual health messages to be placed in underwear manufactured and sold in Brazil.
Brazil's young government faces its first scandal involving presidential chief of staff Antonio Palocci who is under fire for revelations that, while in Congress between 2006 and 2010, his net worth multiplied 20 times.