Brazilian president Lula da Silva called on Wednesday for “caution” when dealing with the swine flu information and “let us not play terrorism” with the disease. He underlined that Brazil “was prepared” to face such a challenge.
Brazilian mining giant Vale do Rio Doce, the world’s largest iron ore producer and exporter, revealed Tuesday its output plunged 37% in the first quarter of 2009, compared to the same period a year ago, amid a sharp decline in demand.
The congressional controversy in Brazil over the incorporation of Venezuela has moved to the business sector. A group of Brazilian businessmen have begun lobbying strongly for Venezuela’s full membership but the process has been stalled by Brazilian and Paraguayan law makers.
Brazilian unemployment remained steady with a growing tendency in March, having reached the highest since September 2007, 9%, reported the country’s Statistics and Geography Institute, Ibge.
Chinese automaker Chery reportedly is planning a 700 million US dollars factory in Brazil to tap the country's growing market and to learn more about bio fuel engines according to Sao Paulo’s financial daily Gazeta Mercantil.
Brazil’s government managed oil and gas corporation Petrobras established in March new production records, according to a release from the company. The average oil and gas production last month reached 2,315,276 barrels of oil equivalent per day (boed), 9.5% more than a year ago and 3% above last month’s mark.
Brazil and its almost 200 million population is no longer a country of white majority. The credit now belongs to the 49.6% black or mulatto population compared to the 49.4% defined as white and this is set to increase in coming years with that percentage increasing to 54, according to a recent report from the Rio do Janeiro Federal University.
Argentina and Brazil confirmed on Thursday their strategic alliance particularly in the face of the current global crisis challenge and also tried to bridge their differences regarding bilateral trade and claims of protectionism.
Brazil and other emerging economies are willing to provide additional financing to the International Monetary Fund but they are still not happy with the capitalization mechanism proposed by the institution, Finance Minister Guido Mantega said on Thursday.
Brazil’s current account deficit dropped by half in the first quarter compared to a year ago as businesses cut imports and sent less money to parent companies abroad amid slower economic growth. According to the latest release from the Central Bank the deficit narrowed to 5 billion US dollars in the first quarter of the year compared to 10.3 billion in the same period in 2008.