Brazil held forecasts for a record 2012/2013 soybean crop with the latest estimate from Conab, the Brazilian crop bureau, at 82.6m tons, towards the top of the range of 80.1m-83m tons previously anticipated and representing a jump of more than 20% year on year.
The Brazilian central bank indicated it will keep interest rates at their current level for an extended period given favourable signs for the inflation outlook.
Oscar Niemeyer, a towering patriarch of modern architecture who shaped the look of modern Brazil and whose inventive, curved designs left their mark on cities worldwide, died late Wednesday. He was 104.
Brazilian industrial output posted its first annual increase in more than a year in October as a tax break on autos helped support a nascent recovery in the country's beleaguered manufacturing sector.
Brazil must not repeat the “national tragedy” of losing the 2014 World Cup as it did when it hosted the event in 1950, the country’s Minister of Sport Aldo Rebelo said. “We cannot repeat the national tragedy of 1950 when we lost to Uruguay” Rebelo told foreign journalists visiting Brazil as part of the build up to the finals. “It was like losing to your younger brother.
Paraguay declared “entirely unacceptable” statements from Brazilian Foreign minister Antonio Patriota who said that the April 2013 elections are “only an important step to re-examine” the country’s suspension from Unasur and Mercosur. Patriota’s statement was supported by Argentina.
The Brazilian government extended tax breaks to the country's construction industry in a new effort to encourage investment and boost flagging growth which is putting pressure on the government to further include other stimuli measures.
Emilio Botin chairman of Santander Bank, the leading financial institution in Spain and among the top largest in the European Union said in Sao Paulo that Brazil is the “number one country in Latin America” and the absolute preference of his institution.
Carine Felizardo, a curvy exuberant model from the northern state of Para was crowned Miss Bumbum 2012, a title rewarding Brazil’s sexiest female derriere. A jury of six women and five men picked the 25-year-old Felizardo among 15 finalists in the second annual edition of the contest, held in a Sao Paulo hotel.
Prices for farmland in Brazil surged by an average 14% a year to nearly quadruple over the past decade, well outpacing inflation and nearly matching gains made by São Paulo's blue-chip Ibovespa stock index, a new study shows.