Brazil levied a new tax on foreign capital and announced tax breaks for exporters Wednesday in an effort to slow the Brazilian Real's gains against the US dollar which has appreciated 62% against the greenback in three years.
Brazil's economy expanded a greater-than-expected 6.2% in the fourth quarter, the fastest year-on-year quarterly expansion since June 2004, helping the overall 2007 expansion to reach 5.4%, boosted by consumer spending and business investment.
Brazil and Spain have agreed to a truce on migration controls following a stand off between both countries regarding Brazilian and Spanish tourists.
Brazilian President Luiz Inacio Lula da Silva inaugurated Friday an exhibition at Rio's Historical Museum, New World, New Empire, and met visiting Portuguese President Anibal Antonio Cavaco Silva marking the beginning of the country's bicentennial celebrations.
Brazilian migration officials on Friday turned back eight Spanish tourists a day after the country expressed disappointment to Spain over the high number of Brazilians that are being rejected at the Madrid Barajas airport.
Brazil economy grew more than 5% in 2007 on high global demand for agricultural products, ethanol and iron ore and a booming domestic market, Finance Minister Guido Mantega said Friday in a press conference.
A slight tremor with 3.9 Ritcher scale degree intensity, lasting a few seconds, followed by over a hundred low intensity replicas was felt in the Brazilian northeastern state of Ceará, according to Brazilian Civil Defence.
The European Union said Friday it will allow some Brazilian farms to export beef to Europe again, ending a month long freeze over animal disease concerns. A total of 106 farms meet EU health standards, thus reopening trade between Brazil, the world's leading beef exporter, and its main market in Europe.
Brazilian officials said petty theft and not corporate espionage was responsible for the disappearance of computers with highly sensitive information on recently discovered oilfields, which could make Brazil a hydrocarbons powerhouse.
Brazil's inflation index fell to a seven-month low in February mitigating concerns about an increase in interest rates to keep prices under control, which has been one of the driving forces of the administration of President Lula da Silva.