Brazil faces record trade deficits in petroleum products in 2012 and 2013 as a result of government fuel-price controls, problems with its refining system and rising consumer demand, the Folha de S. Paulo newspaper reported last weekend.
Despite recession and the poor performance Britain has clawed back the ground it lost to Brazil in the rankings of the world's richest economies - but it is not expected to hold on to the spot for long.
Brazil is pursuing a multimillion-dollar program to revive and modernize its precision strike technologies with the aim of developing rockets and missiles both for domestic military use and exports.
Brazil’s Attorney General said the country’s judiciary will investigate allegations that former President Lula da Silva took part in the cash-for-votes scheme that toppled several of his closest aides.
Brazilian president Dilma Rousseff is planning to visit Mexico in early 2013 taking advantage of the good chemistry with the new leader Enrique Peña Nieto, and with the purpose of re-launching the deteriorated relations between the two main economies of Latinamerica.
The Brazilian central bank reduced reserve requirements on short dollar positions held by local banks as it steps up efforts to buoy the Real, the worst performing major currency this year.
Saudi Arabia has suspended imports of Brazilian beef, Brazil’s agriculture ministry said Tuesday, and became the largest country to stop purchases after confirmation of a 2010 case of atypical mad cow disease.
Brazil had a record-setting 351.153 divorces in 2011, 45.6% more than in 2010 and the most since the annual statistic began to be kept in 1984, the government said Monday.
Brazil ranks near the bottom among fourteen emerging powers in terms of competitiveness, due to high capital and labor costs as well as inadequate infrastructure, according to a study commissioned by the National Confederation of Industry (CNI) and published by the Folha de Sao Paulo daily.
The abandonment of last Wednesday's South American Cup final following shocking accusations police had pulled guns on players should serve as a warning for Brazil's World Cup organizers, FIFA president Sepp Blatter said this weekend.