Brazil’s central bank reiterated that inflation will continue to slow toward its target, signalling it will further reduce interest rates that have already been cut to a record.
Leonardo Gomes Pereira, the chief financial officer of Brazilian airline Gol Linhas Aereas was nominated on Tuesday to head the country's securities regulator, in an unexpected pick outside the institution. Finance Minister Guido Mantega nominated Pereira to head the regulator, the CVM, the ministry said in a statement.
Researchers at the Brazilian Center for Coastal Studies at the Federal University of Rio Grande do Sul in southern Brazil believe that 745 penguins found washed up along the state's coastline since June 15 have died of natural causes.
Argentina's First Division is second strongest tournament in the world after Spain, according to the International Federation of Football History & Statistics (IFFHS) July release.
A Brazilian union carried out a 24-hour strike at a General Motors Co factory on Monday to protest dwindling output on an assembly line where workers fear for the future of 1.500 jobs.
Former Brazilian president Fernando Enrique Cardoso said that his country is rapidly loosing influence in South America to Venezuela, following on remarks about the suspension of Paraguay from Mercosur.
The influential British business and politics magazine The Economist anticipates that following the latest decisions by Mercosur, the South American group has little if any future. The Economist argues that the mounting protectionism and the rule-breaking admission of Venezuela have fatally undermined a once-promising trade block.
Following in the footsteps of United States, Brazil is all set to open a love hotel for pets. The country is home to a 32-million-strong canine population the world's second largest after America.
More than 500 penguins have been found dead on beaches of Brazil's southern Rio Grande do Sul state, authorities said Friday.
Brazil's top investment bank Banco BTG Pactual announced a tie-up with Roger Agnelli, former head of mining giant Vale, to invest up to 520 million dollars in Latin America and Africa.