Brazil's central bank chief, Alexandre Tombini, told lawmakers he opposes using the country's $370 billion foreign reserves at this moment as they serve as an insurance policy for Latin America's largest economy.
Former Brazilian president Lula da Silva urged the ruling Workers' Party to back fiscal austerity measures in Congress, endorsing the efforts of Finance Minister Joaquim Levy to plug a gaping deficit. Members of Lula's party have opposed moves by Lula's protégée, President Dilma Rousseff, to cut public spending and social benefits as she strives to balance overdrawn accounts and restore investor confidence in Brazil.
The United States Carrier Strike Group 9 which is participating in a series of 'Unitas' exercises with different Latin American and Pacific countries, anchored off Punta Arenas and is scheduled to leave on Monday for Rio do Janeiro, Brazil, according to reports from the extreme south Chilean city port.
‘The hunt for Germany’s lost battleships’ a documentary based on Mensun Bound’s search for the lost fleet from the Battle of the Falklands was shown at a premiere at the British Film Institute, London on October 16.