Brazil posted a record-high current account deficit in 2011 on rising profit remittances by multinational companies and massive spending abroad by Brazilian tourists, but the deficit was more than covered by another record, this time for foreign direct investment, the central bank said Tuesday.
Former Brazilian president Lula da Silva currently undergoing treatment for larynx cancer, returned on Tuesday to the political stage after three months of absence, for the inauguration ceremony of two new ministers from the cabinet of President Dilma Rousseff
The middle class in Brazil during the last decade expanded to reach 90 million out of a population of almost 200 million, according to paper from consultants Datafolha.
The Brazilian Army and Navy have not handed over documents dating back to the years of the military dictatorship (1964/1985), in spite of an official request from former president Lula da Silva five years ago.
Maria da Gracas Foster, (58), will be head of Brazil’s largest corporation, Petrobras as of next February. This is the first time that the Brazilian oil corporation among the largest in the world will have a woman as CEO.
In an article published today the Foreign Secretary William Hague sets out why the future of the Falkland Islands can only be decided by its people themselves.
Argentine manufacturers have requested the administration of President Cristina Fernandez to delay the implementation of the new imports scheme which is scheduled to begin next February first fearing it could cause delays in the supply of non local inputs.
Brazil has plans to counter the latest battery of trade restrictions which Argentina announced, if they turn out to the barriers for Brazilian exports, reported the influential Folha de Sao Paulo.
Reacting to Brazil’s trade minister Fernando Pimentel comments describing Argentina as “a permanent problem” Industry Minister Debora Giorgi said that “the trade balance reality between Argentina and Brazil does not warrant Pimentel's complaints”.
The head of the Argentine Industrial Union (UIA), José Ignacio de Mendiguren said on Thursday that the complaints from Brazil over the Argentine import restrictions are “unjustified”.