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.
Former Brazilian president Lula da Silva blasted the developed countries lack of political initiative to face the economic crisis and suggested they adopt a strategy similar to Brazil’s.
Canadian government has enlisted Bank of Nova Scotia CEO Rick Waugh to lead a group of chief executives who will help broker deeper trade and investment relations with Brazil, the world’s seventh largest economy.
The Brazilian economy may face a potential crisis as its fragile foundation could barely withstand the impact of a new global financial turmoil, a local economist warned.
Brazilian President Dilma Rousseff on Thursday brushed aside concerns over delays in preparations for the 2014 World Cup, insisting that all stadiums would be ready in time for the tournament.
Brazilian president Dilma Rousseff ordered a “cleanup and fumigation” in the Agriculture ministry following claims of lobbyism and suspended all tenders at the Ministry of Transport where the minister and his top staff resigned because of corruption charges.
Brazilian oil and gas start-up HRT boosted its net potential oil resources 12% to 7.9 billion barrels of oil equivalent (boe) following a certification study of its assets in Namibia.