Brazil's economy is in a strong position to weather the financial crisis and will grow above the global average this year, Brazil's Central Bank President Henrique Meirelles said on Sunday in Portugal.
Brazil's fourth largest Brazilian exporter of beef has halted slaughtering operations at all 11 of its plants and sent workers home, local Brazilian media reports. In addition, Independencia has not paid cattle suppliers for several days and has returned most cattle to suppliers.
Samba school Salgueiro was crowned champion of Rio's fiercely competitive Carnival parades on Wednesday, knocking off a powerhouse rival and overcoming a shooting that left three dead outside its headquarters just months ago.
Spectacular bodies, minimum clothing plus bubbles, feathers and glitter blended the first night of parades in Rio do Janeiro's Carnival, as the city's samba schools battled for top honours in what Brazilians proudly consider the world's largest party.
Brazilian mining giant Vale do Rio Doce, the world's biggest iron ore producer, expects to ship a record-high 30 million tonnes of iron ore to China in the first quarter of 2009, it said on Friday.
Brazilian President Luiz Inacio Lula da Silva will become on Sunday the country's first president in the last 15 years to attend one of the samba-school parades at the Carnival of Rio de Janeiro, the main event of the festival, his office confirmed.
Brazil unemployment rate in January jumped the most in seven years to 8.2% from 6.8% in December according to the country's national Statistics Agency. The jobless rate is based on Brazil six largest metropolitan areas.
Brazil has survived the worst of the global financial crisis and could see an upturn as early as the second quarter, the state-funded Institute for Applied Economic Research, or IPEA, said this week.
Petrobras average oil and gas production in Brazil during January climbed to 2,219,165 barrels of oil equivalent per day (boe), 4.8% more than a year ago and up 0.7% over December 2008. Oil from domestic fields was 1,922,946 barrels/day, setting a monthly record, 5.3% above the mark set a year earlier and 2.5% more than the December volume.
Brazil's JBS, the world's largest beef producer and owner of JBS-Swift, said on Friday it had abandoned its attempt to takeover of US meat company National Beef Packing Company LLC.