French daily Le Monde named Brazilian President Lula da Silva Man of the Year for personifying a giant. It is the first time in its history the French publication has made this designation.
Brazil’s Central bank is ready to act preventively to fight inflation after it forecast growth in 2010 will accelerate to the fastest in three years, triggering above-target inflation, said Mario Mesquita, the bank’s Economic policy director.
The Brazilian government is not putting pressure on the Paraguayan Congress to vote the full incorporation of Venezuela to Mercosur. Paraguay is the only remaining full member which still has to vote for Venezuela to join the South American trade block, following last week’s Brazilian senate divided approval.
Brazilian president Lula da Silva said it was “worth while” to fight against the military dictatorship, which lasted from 1964 to 1985. He made the statements during the launching of a Human Rights program which includes the possibility of creating a Truth Commission to investigate crimes committed under the de facto regime.
The Brazilian Army and Fiat Iveco signed an agreement for the manufacturing or 2.044 armoured vehicles involving 3.5 billion US dollars as part of the new National Defence Strategy launched by the administration of President Lula da Silva.
Rio de Janeiro's Maracana Stadium, which is due to stage the opening and closing ceremonies of the 2016 Olympics as well as the 2014 World Cup final, is to get a 300 million US dollars face-lift, announced the city's Secretary of Sports and Tourism.
Following this week’s Brazilian Senate vote to for the incorporation of Venezuela as a Mercosur full member, only Paraguay’s support is pending, but the Paraguayan Senate is divided on the issue. More over President Fernando Lugo had to withdraw the initiative last August when he was informed the divided coalition that took him to office could not garner the sufficient votes to ensure support.
Bringing to close a year-long internal debate over the role of Venezuela in South American political and economic affairs, Brazil's Senate, by a vote of 35 to 27, voted Tuesday to approve the entrance of the country's northern neighbor into the Mercosur trade bloc.
Banco do Brazil (BB), Latinamerica’s largest government-managed bank, is in talks with Argentina’s Banco Patagonia, seeking to expand internationally, announced CEO Aldemir Bendime.
Brazil expects to reach an accord with Peru by March on a 5 billion US dollars power project to secure energy supplies for both countries, according to Energy minister Edison Lobao. The two governments plan to build five hydroelectric plants in Peru that will produce 6,000 megawatts of electricity