Brazil's Defense minister said on Thursday that Haiti's peacekeeping force of 12,000 soldiers and police, known as MINUSTAH, will begin a gradual withdrawal aimed at turning security over to the Haitians, but not imperiling the stability achieved.
Thousands of people have joined anti-corruption demonstrations in Brazil, as the country marked on Wednesday its Independence Day. Wearing face paint and clown noses, protesters joined crowds watching the traditional military parade in the capital, Brasilia. Similar protests were held in other cities across Brazil.
As Brazilians celebrate Wednesday September 7, Independence Day – a national holiday – Brazilian forces are engaged in trying to regain control of one of Brazil’s largest favelas.
Brazil decided to implement anti- dumping duties retroactively to prevent companies from stocking up on imported goods the government says pose a threat to local industry.
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Argentina and Brazil defence ministers confirmed the two countries “strategic alliance” and subscribed a bilateral cooperation declaration emphasizing on the South Atlantic as “a Peace Zone, free of nuclear weapons”.
A consortium of five Chinese companies has acquired a 15% stake in Brazil's Companhia Brasileira de Metalurgia e Mineracao (CBMM), the world's biggest niobium producer, for 1.95 billion dollars in cash.
Brazil’s inflation accelerated for the 12th straight month in August to its fastest annual rate since 2005. Consumer prices, as measured by the IPCA index, rose 0.37% in August from the previous month, the national statistics agency reported on Tuesday. Prices rose 7.23% from a year ago, the highest since June 2005.
Metalworkers at a General Motors factory in Brazil decided to go on strike on Tuesday to demand a 17.45% wage increase just as the industry is scaling back production amid rising inventories.
Latin American stocks fell on Monday as fears of a recession in Europe and the United States mixed with anxiety about the health of global banks to drive indexes below support levels, suggesting more losses.