Paraguay president Horacio Cartes arrived Monday morning to Brazil for a round of talks with President Dilma Rousseff which includes political, economic, energy, trade and security issues, plus the full return of Paraguay to Mercosur, an intricate matter dating back to events of June 2012.
UK Minister of State for Latin America at the Foreign & Commonwealth Office Hugo Swire is in Porto Alegre, south Brazil where he will attend the signing for a Memorandum of Understanding between the King’s College and the Federal University of Rio Grande do Sul on biological research.
Brazil's Petrobras and its Indian partners have made a beautiful oil discovery off Brazil's northeast coast, Sergipe-Alagoas basin, and it will produce a minimum 100,000 barrels of petroleum a day starting in 2018, the company's CEO said on Friday.
Breaking almost three years of silence from her official Twitter account, Brazilian President Dilma Rousseff on Friday sent a series of tweets joking with a famous parody account and defending Brazil’s economy.
Brazil's jobless rate fell unexpectedly and salaries jumped in August from the previous month, government data showed this week. It was the second consecutive month-to-month drop in Brazil's jobless rate, which remains close to record lows.
By R. Viswanathan (*) - India should take its cue from Brazil and invest in ethanol as a viable commercial substitute for costly petrol.
The Brazilian industrial federation on Wednesday upped its 2013 growth forecast to 1.4% from 1% and its GDP growth projection from 2% to 2.4%. But, despite the better data, the National Confederation of Industry (CNI) urged caution. The improved economic outlook is no guarantee of a strong growth rate, it said.
The recently approved Transparency Law has exposed that at least a third of the 594 Brazilian federal lawmakers have pending bills with criminal and administrative courts referred mainly to cases of corruption, which is expected to have an impact in the coming elections of next year when most of Congress will be renewed.
The powerful manufacturers lobby, Sao Paulo’s Industry Federation, Fiesp believes a free trade agreement between Mercosur and the European Union is very much needed so that Latam’s largest economy climbs out from the “commercial isolation” in which it currently stands.
The Brazilian state development bank BNDES is “overbooked” and needs the private sector to step up funding in investments, according to bank president Luciano Coutinho. Lending by BNDES and other public banks has increased six times faster than credit by non-state bank this year, as the government tries to fuel economic growth.