Brazil is considering additional anti-inflationary measures such as tax breaks and lower import tariffs but monetary policy remains the main tool to control prices, Finance Ministry officials said on Friday.
Foreign capital inflow to Latinamerica should increase by 21% this year over 2009 particularly because of Brazil and Mexico anticipates the Institute of International Finance, the world’s largest bankers’ association.
China and Brazil bolstered their growing ties with trade and investment agreements on Thursday in Brasilia before a summit of the world's top four emerging markets that was cut back after China's leader decided to return home to deal with a major earthquake.
Brazilian government managed energy giant Petrobras announced it acquired a 50% stake in an exploration block in Australia with significant natural gas potential. Petrobras acquired the stake from MEO Australia for 39 million USD.
China's Sinopec will buy stakes in two Brazilian offshore blocks from state-run Petrobras, local media reported Wednesday, as part of a cooperation agreement to be signed during a visit by China's president to Brazil.
Leaders from the world's four biggest emerging economies --Brazil, Russia, India and China, arrived in Brasilia Wednesday for a two-day summit. It's the second summit of the so-called BRIC countries.
Brazil’s Rio de Janeiro's towering Christ the Redeemer statue and one of the city’s most iconic tourist attraction has been closed to the public after landslides that hit the city killing some 250 people and leaving thousands homeless.
Brazil and United States signed a military cooperation agreement Monday in the Pentagon, Washington that both sides underlined as an example of partnership and transparency for the Americas.
Canadian filmmaker James Cameron, director of “Avatar,” promised this week to “tell the world” about the opposition of Indians and peasants to the construction in the Brazilian Amazon of the world’s third-largest hydroelectric dam.
Brazil's soybean farmers will plant their highest-ever acreage next season, despite growing pest problems and soaring fertilizer and transport costs.