Brazil will inject less money next year into the country's development bank BNDES, (National economic and social development bank), its leading source of long-term corporate loans, to focus more on infrastructure financing as concerns mount over public debt.
Brazil trusts Paraguay will fully return to Mercosur before the end of the year, said Brazil's Executive foreign policy advisor Marco Aurelio Garcia in a Sunday edition interview with the influential Folha de Sao Paulo.
Brazil will not return opposition Senator Roger Pinto to Bolivia, who last August fled the country with the help from Brazilian diplomats, said President Dilma Rousseff advisor on foreign affairs Marco Aurelio Garcia.
Brazil's economic debate is heating up after three former central bankers this week criticized the economic policies of President Dilma Rousseff, saying she is making Latin America's biggest economy less efficient and more sluggish.
A fire in Santos ravaged Copersucar's sugar terminal in Brazil, paralyzing operations of the world's biggest sugar trader and putting 10 million tons of export capacity offline for six months or more.
A highway, decades in the making, will finally open in Brazil offering a shortcut through the Amazon jungle to north-eastern waterways for the growing corn and soybean trade. The BR-163 highway connecting Mato Grosso state's soy belt to two key river ports will boost grain exports by some 3 million tons next year, offering a bit of relief to congested ports in the southeast, where most shipments originate.
Brazil is pushing ahead with a planned one billion dollars purchase of anti-aircraft missile batteries from Russia in a deal that will cement a strategic defence partnership between the two BRICS nations, the Brazilian Defence Ministry said.
Just six months before his country hosts the World Cup, Brazil Sports Minister Aldo Rebelo said Wednesday he is stepping down to stand as Sao Paulo state governor. December sees a FIFA deadline for all 12 World Cup venues to be ready amid lingering doubts that the giant country can revamp sagging infrastructure in time.
Paraguayan president Horacio Cartes vetoed the bill imposing a 10% tax on export of cereals and oilseeds in their natural state recently approved by a divided Congress, arguing it was “highly distortive and regressive”. The bill now returns to the legislative.
Brazilian officials say that all government employees will start using an encrypted email service in an effort to stop foreign spies from intercepting emails. But experts question the ability of Brazil to protect its government emails from the eyes of the U.S. National Security Agency.