The chief of staff to former President Lula da Silva, and fellow founder of Brazil's ruling Workers' Party, was sentenced to over 10 years in prison for running a congressional vote buying scheme almost a decade ago.
A wave of killings and attacks which is pounding the Brazilian city of Sao Paulo became even more violent over the weekend with at least twenty homicides reported in the metropolitan area according to the Military Police and Civilian Police releases.
Brazilian Finance Minister Guido Mantega said on Wednesday that inflation has peaked and indicators are pointing to a retreat to a lower level. Consumer prices rose in October at their fastest pace since April due to higher food prices, government data showed, though a measure of wholesale costs suggested relief should arrive in coming months
Brazilian companies are moving into Africa amid a government drive to build closer economic ties with the continent. A year ago Vale, the Brazilian mining giant, exported its first overseas coal shipment from Mozambique.
Transparency International described corruption as “a plague which destroys lives, communities and countries, and feeds armed conflicts and wars”, during the opening in Brazil of the 15th International Anti Corruption Conference.
South America’s crop prospects deteriorated because of excessive rainfall in Argentina and dry conditions in central Brazil, according to Oil World. Argentina’s estimated 55/56 million tons soybean crop could drop anywhere from 3 6o 6 million tons because of delays in sowing caused by torrential rains and flooding.
Brazil announced on Tuesday it will create a new police agency, boost surveillance operations and mull transferring inmates to more secure prisons as it battles killings of police in surging violence blamed on a jail-based drug gang.
Law and order seems out of control in Brazil’s largest city and financial hub. To the usual appalling crime statistics follows a rash of police officers killings. This weekend an off duty military police officer was the twenty second murder victim and the 90th killed in the city so far this year.
Brazil's trade ministry said the country's exports of corn and ethanol rose in October as foreign buyers turned to Brazil after the worst drought in 50 years ravaged US crops.
President Hugo Chavez said on Thursday that he will be attending the coming Mercosur presidential summit next 7 December in Brasilia and assured Venezuela is speeding up so the country can display all its potential within the political and trade block.