The head of the Brazilian Senate and former president Jose Sarney said he had his reservations about the incorporation of Venezuela to Mercosur as full member since the government of Hugo Chavez does not respect democratic rules.
The President of Investe São Paulo -the gateway for companies that intend to settle their operations in the Brazilian state- referred to the ongoing foreign investment boom in the neighbouring country is due in part to the “lack of both legal and economic security that Argentina and its government have.”
Ambassador to Ghana, Irene Vida Gala announced that Brazil has plans to make available a 96-million-dollar loan facility to boost small-scale and rural farming in Ghana to help increase food production and subsequently improve the country’s bread basket.
Consumer prices in Brazil rose faster than expected in the month to mid-July on higher food costs, suggesting the central bank may have less room than previously believed to cut interest rates much further.
The Brazilian government said Friday it was cutting its economic growth forecast for this year from 4.5% to 3% due to the impact of the global slowdown. However the figure is still higher than the 2.5% predicted by the Central Bank.
Angola’s National Assembly approved this week the Joint Declaration on the Establishment of Strategic Partnership with Brazil, as well as the draft resolution on Cooperation between the two countries in defence domain.
The Argentine government, together with Brazil, India and South Africa questioned the inclination, almost bias, of some trade measures elaborated by the World Trade Organization Director General.
President Cristina Fernández announced on Thursday the development of a mining project between Neuquén, Mendoza and Río Negro provinces which will led by Brazilian company Vale, and is expected to become the largest potassium mining site in the world.
Police in Brazil have arrested 18 people in connection with the killing of an indigenous leader last November. Gunmen shot Nisio Gomes in Mato Grosso do Sul and took away his body, which is still missing.
Lending by Brazil’s state development bank BNDES unexpectedly rose in the first five months of the year, led by disbursements to infrastructure projects, in an encouraging sign of investment recovery in Latin America's largest economy.