Brazilian lawmakers on Wednesday moved a step closer to passing a long-delayed measure key to preparations for the 2014 soccer World Cup, breaking a gridlock in Congress that threatened to delay President Dilma Rousseff's legislative agenda.
President Dilma Rousseff plans to use her New Delhi visit later this week to sound out Indian leaders on the French Rafale fighter jet, which she is considering buying to beef up Brazil's air force.
Next April 9 Brazilian President Dilma Rousseff is expected in the White House and although formally relations are ‘excellent’, Brazil and the US have many dissenting issues, according to Andres Oppenheimer from the Miami Herald and considered an expert in Latin American affairs from the US perspective.
Brazilian prosecutors on Tuesday unveiled the first criminal charges for crimes committed during the two-decade military dictatorship which ended almost a quarter of a century ago.
Brazil extended on Monday a 6% tax on foreign loans and bonds issued abroad by local companies to include lending with duration of as long as five years, the third measure taken this month to weaken the Real. Since March 1, the currency has weakened 5.6%.
Brazil’s Central bank on Wednesday surprised analysts by accelerating the pace of interest rate cuts, bringing borrowing costs to 9.75%, below 10% for only the second time on record as it seeks to revive growth.
FIFA president Sepp Blatter sought on Tuesday to defuse a war of words between FIFA and Brazil by personally apologising for disparaging remarks made by a top official about the country's slow progress in preparing for the 2014 World Cup.
The Brazilian economy last year registered its second-worst performance since 2003 as higher borrowing costs and a currency that rallied to a 12-year high led it to under-perform emerging-market peers China and India.
German Chancellor Angela Merkel replied on Monday to Brazilian president Dilma Rousseff claims that Europe is involved in a “monetary tsunami” arguing that developed countries are very concerned with Brazil’s protectionist measures.Merkel and Rousseff met at Hannover where the Brazilian president was invited to open a high technology event.
Brazilian President Dilma Rousseff slammed rich nations on Thursday for unleashing a tsunami of cheap money that was cannibalizing poorer countries such as her own, forcing them to act to protect struggling local industries.