Woodland in Brazil is being cut down, day after day. The local people say they need it to make a living. This is not the Amazon rainforest deforestation, but the woody landscape of Caatinga in the North Eastern corner of Brazil. Caatinga’s inhabitants are cutting wood for cooking.
Venezuelan president Hugo Chavez told his Brazilian peer Lula da Silva that Brazilian corporations are safe from the current nationalization process in his oil-rich country. The two presidents met on Tuesday in Bahia to discuss Mercosur, energy, finances and regional integration.
Brazil Lula da Silva said on Tuesday his peer Hugo Chavez is expecting the Brazilian Senate to approve Venezuela’s incorporation to Mercosur before next September.
Brazilian Central Bank President Henrique Meirelles said Tuesday that there are signs that the economy is recovering although he offered no specifics. Brazil’s economy expanded 5.1% in 2008 but government forecasts have been downgraded to 1% for 2009, and private estimates are even more pessimistic
A third presidential period for Lula da Silva is “a risk” which would distance the country “from the republic and would draw it nearer to a monarchy” said the president of the Brazilian Supreme Electoral Tribunal, TSE, Ayres Brito.
The world’s largest operational hydroelectric dam and how the energy produced should be distributed and traded will be at the heart of a debate Wednesday between Brazil’s main industrial organization, FIESP, and Paraguayan authorities, the two countries who share the giant power station.
The current appreciation of the Brazilian currency, Real, is a cause for concern, but also reflect international investors' growing interest in the nation's assets, Finance Minister Guido Mantega said on Friday.
Venezuelan President Hugo Chavez, whose administration is facing cash shortages as oil revenues plunge, is negotiating loans from Brazil's development bank to fund infrastructure projects, revealed the Brazilian newspaper Folha de Sao Paulo.
The Brazilian government has again downgraded the economy’s growth forecast for this year which will now be 1%, according to the bi-monthly Budget reassessment from the Planning Ministry.
China Development Bank may offer more financing to Brazil’s government managed oil and gas corporation Petrobras adding to the 10 billion US dollars extended this week, said Petrobras CEO Jose Sergio Gabrielli on Thursday in New York.