President Luiz Inacio Lula da Silva said Friday in Beijing that Rio de Janeiro's bid for the 2016 Summer Games carries the ultimate seal of approval, reports the AP. He said, when God made the world he prepared Rio for the Olympic Games.
The Consumer Prices Index in Brazil slowed down to 0.53% in July from 0.74% the previous month, according to a release from the Brazilian Geography and Statistics Institute, IBGE.
Brazil's government managed oil and gas corporation Petrobras signed this week the purchase of ExxonMobil's assets in Esso Chile Petrolera and other associated Chilean companies.
Brazil's government managed oil and gas corporation Petrobras announced on Thursday a new discovery of light oil with an API grade of around 30 in the ultra deep Santos Basin off the Sao Paulo coast.
Argentina and Brazil ratified their strategic alliance on Monday during a business seminar opened by Presidents Cristina Fernandez de Kirchner and Lula da Silva in Buenos Aires.
Brazil's Minister of Economy warned Tuesday that the sustained appreciation of the local currency Real against the US dollar has reached a limit and if the Real continues to advance, it could ruin our external accounts.
Brazilian president Lula da Silva said he believes the Doha round global trade talks have not failed and anticipated that Brazil will insist that negotiations should continue until a satisfactory agreement for all is reached.
The Brazilian government has authorized the resumption of plans to expand the country's nuclear power program, basically a third power plant. Work on the Angra 3 reactor, near Rio de Janeiro, has been stalled for 22 years by a lack of money and political issues.
Brazil does not intend or is planning a massive troop build-up along its northern borders but wants a well-equipped rapid strike force to dissuade foreign intrusions, a senior government official said this weekend.
Brazilian President Luiz Inacio Lula da Silva has called on developed countries to donate money to a new fund designed to protect the Amazon rainforest.