In a move to curb growing inflation, Brazil's Central Bank Wednesday decided to raise the basic interest rate by 0.75 percentage points, to 3.5% per year. It was the second time in a row that the monetary authorities responded to this type of measure.
Former Brazilian Health Minister Luiz Henrique Mandetta Tuesday told the Parliamentary Commission investigating the government's handling of the coronavirus pandemic that President Jair Bolsonaro tried to change the chloroquine brochure that comes along with the medicine so that it could be used against covid-19.
Brazilian President Jair Bolsonaro's diplomacy is trying to place its ties with Russia back on track following the rejection of the Sputnik V vaccine which was unanimously turned down last week by the entire National Health Surveillance Agency (Anvisa) board, citing a lack of proper documents.
Argentina's Ambassador to Mercosur Mariano Kestelboim Sunday said he favoured “a new common external tariff that promotes productive development.”
Brazilian President Jair Bolsonaro Sunday thanked his Russian counterpart Vladimir Putin for the release of Robson Oliveira, the driver of former Spartak Moscow footballer Fernando Martins, who was arrested upon arrival for carrying a banned substance.
Former Brazilian President Michel Temer has outscored the importance of his country's connections with China, which is their main export destination.
Former Governor of Rio de Janeiro Wilson Witzel's impeachment has been upheld unanimously Friday by the Special Mixed Court (TEM), which means he has been permanently relieved from office and is furthermore ineligible for the next five years.
The four founding and still full members of Mercosur - Argentina, Brazil, Paraguay and Uruguay – Friday signed in Montevideo the bloc's electronic commerce accord which had been agreed on at the Common Market Council virtual Meeting last December, it was announced.
The US dollar kept its downward trend against the Uruguayan peso Friday, closing at US $ 1 = UR $ 43.8 for interbank operations, it was reported. In Brazil, the exchange rate fell 0.7% Friday and stood at 5.44 R$ per dollar.
The Parliamentary Investigative Commission (CPI) probing President Jair Bolsonaro's handling of the coronavirus pandemic convened Thursday for the first time as Brazil surpassed the 400,000-casualty barrier.