Brazilian president Dilma Rousseff received her peer from Paraguay, Horacio Cartes with full head of state honours but at the same time reminded him that Paraguay is a full member of Mercosur and “bilateral relations are in the context of multilateral relations with all countries of the hemisphere”.
Inflation in Brazil will remain stubbornly high well into 2015 even as the economy struggles to gain steam, the central bank said in its quarterly inflation report. The bank also revised down its estimate for economic growth to 2.5% for this year from a previous 2.7% forecast. The bank sees growth keeping that pace until the second quarter of 2014.
Brazil posted its first primary budget deficit for the month of August in more than a decade, central bank data showed on Monday, pointing to a deterioration in the country's finances that is worrying investors and rating agencies.
Germany's Daimler plans to build a new car factory in Brazil, becoming the third German premium automaker to announce such plans within the past year. The company announced it would invest around 170 million Euros to set up a shop in Iracemapolis, near Sao Paulo.
Last week Brazil’s Dilma Rousseff reopened her official twitter, closed since January 2011 when she was inaugurated, but now a year ahead of elections has reappeared with the character “Dilma Bolada”, full of music, colour and satire. “Sou Linda, sou diva, sou Presidenta, Sou Dilma” is the slogan of her Facebook with over half a million fans in just a few days
Paraguay president Horacio Cartes arrived Monday morning to Brazil for a round of talks with President Dilma Rousseff which includes political, economic, energy, trade and security issues, plus the full return of Paraguay to Mercosur, an intricate matter dating back to events of June 2012.
UK Minister of State for Latin America at the Foreign & Commonwealth Office Hugo Swire is in Porto Alegre, south Brazil where he will attend the signing for a Memorandum of Understanding between the King’s College and the Federal University of Rio Grande do Sul on biological research.
Brazil's Petrobras and its Indian partners have made a beautiful oil discovery off Brazil's northeast coast, Sergipe-Alagoas basin, and it will produce a minimum 100,000 barrels of petroleum a day starting in 2018, the company's CEO said on Friday.
Breaking almost three years of silence from her official Twitter account, Brazilian President Dilma Rousseff on Friday sent a series of tweets joking with a famous parody account and defending Brazil’s economy.
Brazil's jobless rate fell unexpectedly and salaries jumped in August from the previous month, government data showed this week. It was the second consecutive month-to-month drop in Brazil's jobless rate, which remains close to record lows.