Brazil's economic activity fell in June for the first time since 2008. The central bank's IBC-Br economic activity index fell 0.26% in June from May the first sequential drop since December 2008, when the global financial crisis plunged major economies into recession.
Brazilian Agriculture minister Wagener Rossi resigned to his post Wednesday following revelations of irregularities in his office thus becoming the fourth minister to step down, in eight months, of President Dilma Rousseff administration.
South American grain and oilseed production may be in jeopardy from the formation of a La Niña weather pattern, which might curb rainfall in parts of Brazil and Argentina, Oil World said.
One of the smallest parties from the Brazilian ruling coalition has stepped down with “no hard feelings” and will now adopt a ‘critical support’ attitude towards the administration of President Dilma Rousseff.
President of Brazil, Dilma Rousseff, congratulated President Cristina Fernández de Kirchner, CFK, on Tuesday, following the results of the primary elections on Sunday in which she led by over 50 points.
Brazilian leading meatpacker Marfrig will not be considering takeovers until 2012, Chief Executive Marcos Molina dos Santos said on Monday after the company posted a second-quarter net loss.
The Mozambique government is providing large tracts of land at a symbolic price to Brazilian farmers to produce soy, maize and cotton, Mozambique’s agriculture minister, José Pacheco told Brazilian newspaper Folha de Sao Paulo.
China, the second-largest buyer of soy in the world wants an end to intermediation by US multinational companies working in the sector and plans to invest purchasing directly from farmers in Mato Grosso and another five states in Brazil, according to the Brazilian press.
R&I Japan agency last week upgraded Brazil’s credit rating from BBB- to BBB, the second notch in investment grade level, with stable outlook.
Brazilian police form the state of Rio de Janeiro are combing a suburb for clues in the murder of a high-profile criminal judge, ambushed and fatally shot at her doorstep by hooded gunmen, TV Record reported Sunday.