Brazil’s Real advanced from a seven-month low as the central bank signaled it will maintain support for the currency when it increased the number of foreign-exchange swap contracts offered in a rollover.
Environmentalist and presidential opposition candidate Marina Silva blasted Brazilian president Dilma Rousseff for not supporting an initiative to put a deadline on deforestation supported by 32 countries this Tuesday during the Climate summit in New York.
More than 30 countries set the first-ever deadline on Tuesday to end deforestation by 2030, but the feasibility of such a goal was eroded when a key player, Brazil, said it would not join.
President Dilma Rousseff's main foreign affairs' advisor Marco Aurelio Garcia denied Brazil has any “imperial intentions” in reply to claims relative to Cuba from presidential opposition candidate Marina Silva.
Brazilian President Dilma Rousseff effective television campaign has started to erode Marina Silva's lead in the polls that the opposition candidate enjoyed two weeks ago and turned the race into a dead heat. The ads remind tens of millions of voters who have been lifted from poverty by social welfare programs that they could still slip backward.
A pioneer initiative will more than triple the ocean area under environmental protection in Brazil, from 5.5 million hectares to over 17.5 million, an area larger than Greece.
The Brazilian production of grains in 2013/2014 has reached 195.46 million tons, according to the country’s National Supply Company, Conab. The number is a 3.6% (6.8 million tons) increase compared to the previous season.
Brazil's biggest oil field, Libra, will cost 80 billion dollars to develop, according to a senior executive with France's Total, one of five consortium members participating in the project. Total's vice president of exploration and production for the Americas, Ladislas Paszkiewicz, made the estimate at the Rio Oil & Gas conference, which began Monday and runs through Thursday.
Brazilian aircraft manufacturer Embraer said on Wednesday it has reached an agreement to sell 50 E175 jets to U.S. regional operator Republic Airways Holdings for 2.1 billion dollars.s6u
Finance Minister Guido Mantega presented on Monday a package of tax measures aimed at stimulating Brazil's economy less than a month ahead of the presidential election.