Brazil's primary budget surplus narrowed in September, distancing the government from its full-year surplus target, but the central bank said that target is still within reach. The accumulated primary surplus of January through September narrowed to 75.8 billion Brazilian Reais (37.3 billion dollars) from 104.6 billion Reais in the same period a year earlier.
Brazilian president Dilma Rousseff announced on Monday an ambitious program to boost and make competitive the fishing industry doubling catches for which she promised the government would invest 4.1bn Reais (2bn dollars).
German carmaker BMW plans to build a factory in southern Brazil, a more than 200 million Euros investment expected to create 1,000 jobs. The luxury car giant hopes to start building the plant in April next year and producing cars in late 2014.
A soap opera which depicts the recent upsurge of Brazil into a consumer society has trapped the country breaking audience records and even forcing President Dilma Rousseff to modify her agenda.
Venezuela’s expulsion of Paraguayan diplomats from Caracas, as a direct consequence of the ongoing conflict inside Mercosur has left Brazil with the challenge of recomposing relations inside the group ahead of Mercosur next summit in December which will be hosted by the administration of President Dilma Rousseff.
The law which forces Brazilian federal universities to leave 50% of higher education seats to students from government schools and minorities such as blacks and indigenous became effective on Monday.
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 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.
Brazilian president Dilma Rousseff joined her mentor Lula da Silva in a political rally in support of the Workers Party candidate for mayor of the city of Sao Paulo in next Sunday’s municipal elections when 140 million Brazilians are registered to vote.