Brazilian industrial production fell in October as the global financial meltdown sent shock waves through Latin America's largest economy, the government said Tuesday.It was the largest drop since Decemeber 2006.
Brazil announced on Monday a plan to cut destruction of its Amazon rain forest by more than half over the next 10 years. The aim is to reduce deforestation of the world's largest forest by 70% by 2018.
Brazil's trade surplus widened in November as imports fell by more than exports, the trade ministry said on Monday.
Russian President Dmitry Medvedev on a Latinamerican tour to expand alliances and business opportunities said on Tuesday he wanted to double trade with Brazil and expand cooperation in hi-tech areas.
Brazil, the world's largest exporter of poultry and second-biggest supplier of soybeans, is seeking investments in ports and roads from China, its largest market for agricultural products.
Two United Nations disarmament events kick off Tuesday in the Republic of Korea (ROK) and Brazil as part of the world body's efforts to promote the non-proliferation of weapons across the globe.
Brazil has recalled its ambassador from Ecuador over the Andean country's suspension of payments on a Brazilian loan worth at least $320 million.
Brazil's president Lula da Silva is considered the most outstanding leader of the region according to the latest edition of the public opinion poll Latinbarometer 2008 which was released this week in Chile.
Brazilian government managed oil company Petrobras announced on Tuesday that net income rose 96% in the third quarter thanks to a stronger US dollar and increased production. However this did not prevent shares from sliding 14% on Wednesday trading because of falling oil prices and the expanding global financial crisis.
Brazilian President Lula da Silva said on Tuesday in Italy he did not expect major results from the meeting of 20 nations in Washington to discuss the global financial crisis on November 15, but it's a promising start.