The Paraguayan Senate, at the heart of serious regional diplomatic dispute, voted by a solid majority against the incorporation of Venezuela as full member of Mercosur. Thirty one Senators rejected the Venezuelan Protocol of Adhesion, three supported it and eleven left the floor before the vote was taken.
One of two senators in Brazil who were stripped of their positions for corruption will reimburse 234 million dollars in public funds he embezzled in the late 1990s, authorities said Thursday.
Brazil might be the leading economy in Latin America and has had a significant performance in reducing poverty in recent years, but it still remains among the countries with he highest inequality in the region together with Guatemala, Honduras and Colombia, points out the UN-Habitar report.
Argentina trade surplus in the first half of the year reached 7.336 billion dollars, up 26.8% over the same period a year ago, with exports reaching 39.647bn dollars and imports 32.311bn, according to the official stats office Indec.
Brazil's economy enjoys sound fundamentals for sustainable growth, with an economic expansion likely to pick up speed in the next few quarters, Central Bank President Alexandre Tombini said at a business conference Friday.
One of the world’s leading banks, the Industrial and Commercial Bank of China (ICBC) has been authorised to operate in Brazil, indicates a Brazilian government decision published on Thursday in the official gazette.
New Zealand's first branded lamb shipment to Brazil is scheduled to arrive at the port of Santos in the middle of next month and be available at 120 stores in Sao Paulo and to diners in restaurants and hotels throughout the country.
Brazil National Confederation of Store Managers, CNLD, and the Credit Protection Service, SPC, report that payment delinquency was down 5.6% in July. At the same time the two organizations revealed that over the last five years indebtedness in Brazil has risen 20% annually.
President Dilma Rousseff continues to enjoy high approval ratings as Brazilians remain mostly unaffected by the country's recent economic slowdown, according to a poll released on Tuesday.
Brazil Federal Supreme Tribunal denied on Wednesday a request to include former president Lula da Silva in the so-called “trial of the century” involving 38 former ministers and lawmakers accused of an extended bribes scheme.