Brazilian industrial output was down 2% in July from June this year. The information was released this Tuesday in the Monthly Industrial Survey by the Brazilian Institute of Geography and Statistics IBGE.
Brazil’s twelve-month inflation ended August at its lowest level this year, according to a central bank survey of fourteen economists. This means the 12-month IPCA consumer-price index is likely to weigh in at 6.10% for August, down from 6.27% at the end of July.
Global efforts to battle trade protectionism need to be reinforced to help shield the fragile economic recovery across the world said a report released on Monday by the European Commission in which it claims Brazil and Argentina are among the main offenders when it comes to import duties hikes and government procurement limitations.
Brazil’s economy expanded 1.5% in the second quarter of 2013 compared with the previous three month, exceeding the most optimistic market expectations, official statistics showed Friday. The farm sector fared best, growing 3.9%, followed by industry with 2% and services 0.8% according to the Brazilian Institute of Geography and Statistics (IBGE) website.
Argentine officials publicly stated on Thursday there was no intention of expelling any commercial airline from the country because Aerolineas Argentinas is working well, but called on Latam to help the Argentine flag carrier with reciprocity in Chile and Brazil.
Brazil's economy is going through a mini crisis stemming from global markets turbulence made worse by confusing messages from the US Federal Reserve, complained Finance Minister Guido Mantega.
Falkland Islands lawmaker Dick Sawle is expected on Tuesday in Brasília, capital of Brazil where he will explain the Islanders’ decision to remain a British Overseas Territory and give an idea of life in the South Atlantic archipelago, its economy and social achievements as a prosperous, democratic community.
Brazilian foreign minister Antonio Patriota has stepped down and will be replaced by the current representative before United Nations Ambassador Luis Alberto Figueiredo Machado, it was confirmed Monday evening by the spokesperson from President Dilma Rousseff’s office.
Bolivian Senator Roger Pinto, who had taken refuge in the Brazilian Embassy in La Paz, left the country in an official Brazilian vehicle escorted by soldiers, Brazilian Senate Foreign Relations Committee chairman Ricardo Ferraço said on Sunday.
Brazilian president Dilma Rousseff had a long standing wish and it was finally made true with the help of an accomplice and high ranking official from her administration: a ride in motorbike to see Brasilia first hand without being recognized.