Brazilian police have formally accused a brother of President Luiz Inacio Lula da Silva of influence peddling after a nationwide crackdown on illegal gambling, money laundering and police corruption according to the Sao Paulo press.
Brazil's Central Bank on Wednesday shaved 50 points of the Selic reference interest rate which now stands at 12% a historic low and in line with market expectations.
Brazil that aspires to a permanent seat of the expanded UN Security Council along with India, strongly advocated the need for inclusion of great nations of the South in the global decision making bodies to create a more representative international order.
President Luiz Inacio Lula da Silva said Monday that rich nations should pay poorer countries to preserve their forests because the rich are responsible for most of the world's greenhouse gas emissions
Brazilian President Luiz Inacio Lula da Silva arrived Sunday morning to New Delhi on a three-day state visit, which is expected to strengthen strategic and economic ties between the two countries. The main issues discussed would be multilateral trade talks, climate change and UN reforms.
The Brazilian group JBS, which is the leading beef exporter of Latinamerica announced this week the purchase of Swift & Co., the third largest fresh meat (beef and pork) packer in the United States, thus becoming the world's leading meat packer.
Brazil's Mines and Energy minister Silas Rondeau resigned amid accusations he was bribed by a construction company that obtained contracts to provide electricity to poor rural areas in a program championed by the nation's first working class president
Toyota is launching cars that run on ethanol and gasoline in Brazil amid growing popularity of fuel-flexible vehicles in the nation.
Brazilian president Lula da Silva one day visit to Paraguay to sign several bilateral agreements and officially inaugurate the expanded capacity of the huge bi-national Itaipu dam along the Parana river was signaled by strong criticism from the local press.
Brazilian President Luiz Inacio Lula da Silva has given the green light to build a long-delayed third nuclear plant in Brazil, reported the Sao Paulo press.