Two of Brazil’s biggest food companies announced on Tuesday plans to merge, creating an exporting powerhouse in a stock swap deal prompted by the global financial crisis. Executives from Perdigao SA and Sadia SA said they expect their new enterprise, to be called Brasil Foods SA, to become the world's top exporter of processed meat and chicken.
Brazilian president Lula da Silva arrived Monday in Beijing with a delegation of 240 businessmen for a three-day visit aimed at strengthening the country’s strategic partnership with China.
Brazil and Saudi Arabia signed Sunday an agreement to expand cooperation in oil, mining, infrastructure, science and increase bilateral trade said the Brazilian Foreign Affairs Ministry said. The agreement was signed in presence of King Abdullah and visiting Brazilian President Lula da Silva.
The Round Table on Responsible Soy Association (RTRS) will present advances related to the global standard for responsible soy production, processing and marketing at its IV International Conference in the city of Campinas, Brazil, May 26 and 27.
Brazil's President Lula da Silva is to sign a “voluminous” financing agreement for government managed Petrobras on a visit to China next week said Energy Minister Edison Lobao.
Brazilian Finance Minister Guido Mantega admitted for the first time that Brazil's economic growth will likely fall in the 0 to 2% range in 2009, Brazilian media reported Friday.
Brazil plans to begin taxing interest on some savings accounts and may lower taxes on fixed-income funds to maintain demand for government bonds as the Central Bank cuts the benchmark rate.
JBS SA, from Brazil the world’s largest beef producer, said it aims to also become the largest distributor of the meat by the end of next year and has been approached by companies seeking to be acquired.
Brazil’s GDP should expand 4% in 2010 but the performance of the economy in the first quarters of 2009 will be dismal, in the range of zero growth or even below, said economist Delfim Netto.
Forty four deaths had been confirmed in northern Brazil's worst flooding in decades, fed by two months of unusually heavy rains in a zone stretching from deep in the Amazon to normally arid areas near the Atlantic coast. In spite of a gradual Sunday retreat of water in some areas the number of homeless climbed to 300.000