Brazil's JBS, the world's largest beef producer and owner of JBS-Swift, said on Friday it had abandoned its attempt to takeover of US meat company National Beef Packing Company LLC.
Brazil signed an agreement to supply China with 100,000 to 160,000 barrels of oil per day at market prices in exchange for a loan from the China Development Bank to help develop its huge oil reserves.
Brazil metalworkers unions from the country's powerhouse, Sao Paulo state, have agreed to salary and working hours cuts in an attempt to save 16.300 jobs, according to industry sources.
The family of Brazilian citizen Jean Charles de Menezes dropped their legal battle for justice after British prosecutors refused to bring charges over his death. They said almost four years of relentless campaigning brought them little closer to holding any individual to account for the innocent Brazilian's death.
Brazil's government-managed oil and gas corporation Petrobrás announced Friday its international 2009/2013 investment plan totalling 15.9 billion US dollars, of which 44% has been earmarked for allocation in United States and Argentina.
Brazilian president Lula da Silva said the government will help build one million new homes by 2010 to revive economic growth and as part of a package of measures to bolster the domestic market to be announced in coming days.
Brazilian President Lula da Silva will be visiting Russia twice this year, a senior Russian Foreign Ministry official said on Wednesday in Moscow.
Brazil needs to increase its electricity generation capacity by 50% over the next 10 years said Energy Minister Edson Lobao, who described the task as an enormous challenge.
South Brazil authorities fear that the yellow fever outbreak reported along the Paraguayan and Argentine border could spread to the state of Rio Grande do Sul and are taking special precautions.
Brazilian credit availability has returned to levels seen before the deepening of a global credit crisis in September, Brazilian Central Bank President Henrique Meirelles said Monday.