
The world’s top beef exporter, Brazil, will give countries that curbed imports of its beef after a case of mad cow disease until March to drop the measures or it will file a complaint at the World Trade Organization, farm ministry officials said.

Brazil faces record trade deficits in petroleum products in 2012 and 2013 as a result of government fuel-price controls, problems with its refining system and rising consumer demand, the Folha de S. Paulo newspaper reported last weekend.

Despite recession and the poor performance Britain has clawed back the ground it lost to Brazil in the rankings of the world's richest economies - but it is not expected to hold on to the spot for long.

Brazil's central bank in its latest quarterly inflation report published Thursday, pointed to a modest decline in consumer inflation next year but largely underscoring expectations that its interest rate will remain stable.

Brazil is pursuing a multimillion-dollar program to revive and modernize its precision strike technologies with the aim of developing rockets and missiles both for domestic military use and exports.

Brazil’s Attorney General said the country’s judiciary will investigate allegations that former President Lula da Silva took part in the cash-for-votes scheme that toppled several of his closest aides.

Brazilian president Dilma Rousseff is planning to visit Mexico in early 2013 taking advantage of the good chemistry with the new leader Enrique Peña Nieto, and with the purpose of re-launching the deteriorated relations between the two main economies of Latinamerica.

Brazil said on Tuesday its armed forces would launch a large-scale anti-crime border operation next year ahead of the Confederations Cup and the World Cup in 2014.

The Brazilian central bank reduced reserve requirements on short dollar positions held by local banks as it steps up efforts to buoy the Real, the worst performing major currency this year.

Brazil’s Foreign minister says Venezuelan President Hugo Chavez seems to be improving after cancer surgery.
Brazil’s state-run news agency Agencia Brasil cites Foreign Minister Antonio Patriota as saying that Brazilian officials are monitoring daily the health of Chavez.