Federal Reserve chairman Ben Bernanke has defended the central bank's measures to bolster the US economy. Brazil has said US monetary easing to keep interest rates low and weaken the dollar has hurt emerging economies. And IMF chief Christine Lagarde warned on Sunday of consequent asset bubbles developing in emerging nations.
A good one and a bad one for Brazil: The New York Times announced on Sunday that it will launch an online edition Portuguese language edition in 2013 given the country’s growing global clout, but on the other hand Brazil’s nine nation constituency at the IMF will lose a member, Colombia that will join Mexico.
President Dilma Rousseff, meeting with her Irish peer Michael D. Higgins said the global crisis has had a greater impact on Argentina than on Brazil, which has a stronger industrial base, and called for a better understanding of President Cristina Fernandez administration.
Brazil's central bank on Wednesday slashed its interest rate for the 10th time since August last year, to a record low of 7.25%, in a bid to stimulate the sluggish economy.
Brazil extended full support ‘in whatever is necessary’ to Colombia’s peace process which is scheduled to begin next 17 October in Norway and will continue in Cuba, announced the Executive Planalto Palace.
Brazil's Supreme Court convicted three top aides of former president Lula da Silva of graft related to a vote-buying scheme in Congress. Lula's ex-chief of staff Jose Dirceu was found guilty by six of the 10 judges in connection with the scheme that ran from 2002 to 2005 during the popular president's first term, a court spokesman said.
Brazil came out strongly in support of Argentina’s sovereignty claims over the Falklands/Malvinas Islands and criticized British military exercises in the Islands during his speech on Monday to the Americas Defence ministers’ conference taking place in Punta del Este, Uruguay.
Anhui Jianghuai Automobile Co Ltd has become the latest Chinese automaker to invest in a production project in Brazil, the world's fourth-largest automobile market, to avoid the high taxes on imported vehicles.
Fifty large Brazilian cities will be holding a run off at the end of the month following on Sunday’s results of the municipal elections when the ruling Workers Party and the opposition Brazilian Social Democracy Party, PSDB, confirmed their leaderships.
Brazilian banks have room to cut consumer lending rates in half, Brazil's Finance Minister Guido Mantega said in remarks published this weekend in the O Globo newspaper.