Brazil and Argentina are trying to address their economic and trade differences so that they can reach a long-standing, long term solution, said Marco Aurelio García, the Brazilian Executive advisor on foreign issues and trouble shooter for this kind of conflicts.
Brazil has virtually frozen political and economic relations with Argentina following serious discrepancies that were confirmed during the recent summit of presidents Cristina Fernandez with Dilma Rousseff who cut short the originally scheduled two-day visit to Buenos Aires.
Brazilian President Dilma Rousseff said she has sent to Congress another proposal to earmark all oil royalties collected by the state for public education after lawmakers shelved an earlier effort. Rousseff made the announcement in a televised Labour Day speech in which she said improving education was vital for Brazil's development in a highly competitive world.
Brazil recorded in April its third trade deficit in four months, trade ministry data showed on Thursday, another weak result that reflects the deterioration of the country's trade balance due to a sluggish global economy and struggling local industry.
Brazilian Foreign minister Antonio Patriota arrives Thursday in Ecuador for bilateral talks on trade, investment and immigration, and to attend a day later the Amazon group summit of ministers, reports Itamaraty palace.
Brazil posted a budget primary surplus of 3.5 billion Reais (1.75bn dollars) in March, recovering after a deficit in February, but still the worst performance in the first quarter of the last four years, according to central bank data released this week.
Israeli defense giant Elbit Systems Ltd. plans to create a hub of aerospace research in the southern Brazilian state of Rio Grande do Sul, company officials said.
Brazil’s Petrobras is selling its 20% stake in the Gila prospect in the US Gulf of Mexico as part of its ongoing divestment program. The state-owned company said it had signed a sale and purchase agreement for the sale of its equity in exploration blocks KC 49, 50, 92, 93, 94 and 138, which make up the BP-operated asset.
Brazil has a big lead as the country with the most government requests to remove online content by judicial order in the latest Google Transparency Report, released last week. In the period between July and December 2012, the search giant received 1,461 court-ordered requests from governments around the world to remove content, including YouTube videos and search results, with nearly 43% of them coming from Brazilian authorities.
Rio de Janeiro's Maracana stadium, venue for next year's World Cup final and the spiritual home of Brazilian football, has re-opened with an exhibition match despite not being fully finished.