Brazilian plane maker Embraer SA said on Friday that it ended talks with AgustaWestland, a subsidiary of Italy's Finmeccanica, without reaching an agreement to form a joint venture.
Brazil’s Finance Minister Guido Mantega slammed the United States and Europe for repeatedly delaying reforms of their dominated shareholding and voting power in the International Monetary Fund (IMF).
Brazil’s central bank on Wednesday raised its benchmark rate for the first time since July 2011 as policy makers seek to slow inflation levels. The bank’s board, led by President Alexandre Tombini, voted 6-to-2 to increase the Selic rate 25 basis points to 7.50% from a record low.
Argentine President Cristina Fernández will travel to Lima for a UNASUR meeting on Thursday in which regional countries are expected to express their support for the elections results in Venezuela and President elect Nicolas Maduro.
The IMF estimates the Argentine economy is to grow by 2.8 % this year, exceeding estimations by private-sector analysts but below the 4% average set by the country’s forecasted budget. IMF 2014 projections for Argentina reach 3.5 % with renewed inflation and trade restrictions’ claims.
‘The Argentine joke’ and Cristina Fernandez as Pinocchio, headlines of Brazil’s influential magazine Veja
One of Brazil’s most influential magazines and with the largest circulation, Veja, included a controversial piece which questions Argentina’s economic and social statistics than come under the responsibility of the non less famous Indec.
Brazil's top two economic policymakers warned on Friday that high inflation will not be tolerated. Central bank chief Alexandre Tombini and Finance Minister Guido Mantega said at separate events the government will not hesitate in taking measures to combat high inflation.
Brazilian President Dilma Rousseff said on Friday that the government intends to double per capita income by 2022, when Brazil celebrates 200 years of independence from Portugal.
The Brazilian government called this week an emergency meeting to discuss measures to curb the influx of hundreds of illegal immigrants along its northern border.
President Dilma Rousseff will make the first formal state visit by a Brazilian leader to the United States in nearly two decades, according to Reuters’ news agency. The trip allegedly will occur later this year likely in October, officials said on condition of anonymity because the White House has not yet announced the visit.