President Dilma Rousseff plans to use her New Delhi visit later this week to sound out Indian leaders on the French Rafale fighter jet, which she is considering buying to beef up Brazil's air force.
Argentina's industrial production fell unexpectedly in February, after 28 consecutive months of expansion, as weaker demand from Brazil hit the key automobile sector. Industrial output fell 0.8% from February 2011 and slid 1.4% from the previous month, said Indec.
The number of Brazilians categorized as middle class has risen rapidly in recent years, climbing from 34% of the population in 2004 to 54% in 2011, according to a study released by consumer finance firm Cetelem BGN and the Ipsos research institute.
The president of Brazil's biggest and most influential state soccer organization will replace Ricardo Teixeira as Brazil's representative on FIFA executive committee, South America's football confederation has announced.
Argentina is having serious trade problems and Brazil “in a mature way” must try and help solve them said a top official from President Dilma Rousseff administration, who anticipated he would be travelling to Buenos Aires in coming weeks.
Brazil’s JBS, the world's biggest beef producer is on the verge of exiting Argentina due to a difficult business environment and because it is not prepared to tolerate further losses in the country.
Almost one in five manufactured goods consumed in Brazil during 2011 was imported, according to the ‘commercial opening coefficient’ survey undertaken by the country’s National Industry Confederation, CNI, and released this week in Sao Paulo.
The next Mercosur presidential summit is scheduled to take place next 26/28 June in the city of Mendoza, when the rotating chair will be handed for the following six months to Brazil.
Uruguayan president Jose Mujica promised on Monday to ‘fight to the death’ for the future of Mercosur in spite of the fact that the group’s junior members Uruguay and Paraguay are suffering the most as Argentina and Brazil implement growing hurdles to trade.
Brazil is Latin America’s fastest-growing travel and tourism economy and direct contribution to GDP is forecast to grow at 7.8% in 2012.