Brazil's ex president Lula da Silva declared that there is “no more honest living soul in the country” than him, as he angrily rejected new corruption allegations linking himself and some of his relatives to the corruption scandal involving state-run oil company Petrobras.
Recession-hit Brazil's central bank in a divided vote left the key interest rate untouched on Wednesday despite rising inflation, opting against an increase that could put a further brake on the world's seventh-biggest economy.
President Dilma Rousseff’s opponents in the fractious Brazilian Democratic Movement Party (PMDB) are losing hope that they can impeach the leader and replace her with their man, Vice-President Michel Temer.
Inflation plagued Argentina will be issuing higher denomination bills and at the same time will avoid politics and history, concentrating on images of autochthonous fauna in danger of extinction. This means that the latest bills issued, 100 and 50 Pesos, with the image of Evita Peron, and Falklands/Malvinas and the notorious Gaucho Rivero, should quickly become collection pieces.
Full-time professors at public universities in Brazil will now be allowed to carry out research in the private sector—and get paid for it, without having to drop their academic jobs. The change is the result of a new law, signed by President Dilma Rousseff, designed to bring science and industry closer together.
Brazilian President Dilma Rousseff admitted that a government bailout for the country’s troubled state-controlled oil company Petrobras can’t be ruled out. The company is mired in financial troubles amid a deep decline of global oil prices and a sprawling corruption scandal involving several of its former executives and its largest suppliers.
Unemployment in Brazil rose to 9% in the August-October rolling quarter, up from 8.6% during the previous three months, the Brazilian Institute for Geography and Statistics, or IBGE, reported Friday. The jobless rate was 6.6% in August-October 2014.
Thousands of dead fish washed up on the shores of Rio’s Guanabara Bay during the week, not far from where events are being held at this year’s Olympic Games, environmental officials said. The incident was the latest involving water quality in the bay, where sailing, open water swimming, and triathlon races are due to take place during the Games in August.
Cities across Brazil are cancelling carnival celebrations as increasing economic woes hit Latin America's largest economy. Local governments are citing tightened budgets, with lower tax revenues and more important projects in need of funding.
Over the last 25 years, the US farmer has become increasingly aware of the impact of South American agricultural output on the global supply of grains and oilseeds. For example, in recent years Brazil has risen to the number one position as an exporter of soybeans.