Moody's Investors Service lowered this week the long-term issuer ratings of Brazilian state banks BNDES and Caixa Econômica Federal, citing their eroding capital position after years of rapid credit expansion, but spared the also government controlled Banco do Brasil.
Brazil hopes to sign a bilateral accord with China to promote trade in their national currencies at next week's BRICS summit of the world's five emerging powers, Trade and Industry Minister Fernando Pimentel said on Thursday.
By R. Viswanathan - India's trade with Brazil reached 10.6 billion dollars in 2012 (January to December), increasing by 15% from 9.2bn in 2011. Twenty years back, in 1992 bilateral trade was just 177 million dollars. Ten years back, in 2002, it was 1.2 billion dollars.
India's exports to Brazil declined in 2012 to 5.04bn from 6bn dollars in 2011.
The governments of Mexico and Brazil have agreed to the exemption of the short-stay visas in ordinary passports for their citizens. The move is designed to increase the flow of travellrs between the two nations.
Argentines are lucky because they have a great Pope, but “if the Pope is Argentine, God is Brazilian”, said Brazilian president Dilma Rousseff on Wednesday following her half hour meeting with Francis and asked by Argentine reporters her impression of the new pontiff.
Plans to impose visa restrictions on Brazilian tourists have been put on hold by Home Secretary Theresa May. Like US, Canadian or Australian citizens, Brazilians can visit the UK for up to six months without a visa.
Brazilian state-controlled oil company Petrobras has unveiled its business plan for the 2013-2017 period projecting investment of 236.7 billion dollars and maintaining its goal of raising crude-oil output from 2 million barrels per day in 2012 to 4.2 million bpd in 2020.
Brazil 2014 World Cup organising committee has guaranteed that the historic Maracana Stadium in Rio do Janeiro will be ready in time to host the FIFA Confederations Cup in June.
Former Brazil striker Romario has called on authorities to investigate a possible connection between the head of the Brazilian Football Confederation (CBF) and the mysterious death of a TV journalist 38 years ago.
A major conflict could be brewing between Argentina and Brazil after Rio’s Vale decided to cancel a 6 billion dollars potash development project in Mendoza and the Argentine Labour minister issued a mandatory conciliation which actually impedes implementation of the closing down decision.