Paraguayan president Horacio Cartes and his peer from Brazil Dilma Rousseff inaugurated on Tuesday a 500KW power plant and line from the Itaipú hydroelectric dam to the city of Asunción which should help end endemic blackouts and supply a new industrial park.
One person was injured and 90 detained while trucks and buses were torched in Sao Paulo late Monday in renewed violence after police fatally shot a 17-year-old boy. A police statement said some of the rioters made use of firearms during the unrest and added that one pedestrian was injured during the shooting and rushed to hospital by police.
Brazil's sports minister Aldo Rebelo is not expecting waves of anti government protests during the World Cup next year arguing the Brazilian people will be more interested in celebrating the tournament than complaining about its cost.
The US National Security Agency’s cyber spying on foreign heads of state from Angela Merkel to Dilma Rousseff is poised to produce its first high-profile corporate casualty: Google Inc.’s operations in Brazil.
The remains of ex-president Joao Goulart will be exhumed next month to determine whether he was poisoned during his exile in Argentina in the 1970s, Brazil announced on Monday.
Brazil's middle and high classes are the most supportive of the street demonstrations and protests that have turned out in the country's main cities since last June, according to the results of a public opinion poll from Datafolha Institute and published in the Sunday edition of Folha de Sao Paulo.
Brazilian president Dilma Rousseff will inaugurate on Tuesday in Paraguay next to his peer Horacio Cartes a high voltage transmission line from the world's largest operational hydroelectric dam Itaipú to metropolitan Asuncion, capital of the landlocked country and which was financed with Mercosur funds.
Brazil’s state-controlled oil producer Petrobras said third-quarter profit slid 40%, missing analysts’ estimates, on higher fuel imports and refining losses. Net income dropped to 3.39 billion Reais (1.55bn dollars) from 5.66 billion Reais a year earlier, the company said on Friday in a regulatory statement.
Brazil's current account deficit narrowed in September from the previous month as the foreign trade surplus strengthened, but the improvement was more modest than economists expected. The country posted a current account deficit of 2.629 billion dollars in September, central bank data showed.
Brazilian President Dilma Rousseff responded to the International Monetary Fund concern over the country's fiscal situation, saying Brazil was fulfilling its responsibilities. IMF claimed that Brazil's competitiveness had eroded in recent months and downgraded the country's growth forecast from 4.25% to 3.5%.