Brazil's use of installed industrial capacity fell for a second consecutive month in March, despite a continued recovery of industrial sales during the period, Brazil's National Confederation of Industries, CNI, announced.
Investors pulled 1 billion dollars out of Brazil last week as Euro-zone debt fears continue to spook markets and the Brazilian government shows little sign of changing its hefty intervention policies.
The Brazilian senate approved a bill Wednesday giving FIFA the guarantees needed to organize the 2014 World Cup. The approval came just a day after the Brazilian government met with FIFA officials in Switzerland to discuss the country's preparations and resolve their differences.
The challenge of exploring and extracting Brazil’s massive pre-salt offshore hydrocarbons deposits will be addressed at the congress to be held in Rio do Janeiro next June with the participation of 250 delegates from international corporations, Petrobras and other Brazilian government institutions.
Uruguay’s Vice-president Danilo Astori said Mercosur is going through its worst moment in history because some of its members in practical terms “are denying the most basic principles”.
The potential to treble imports from Argentina in a few years was underlined by Brazilian manufacturers but there must be a “compromise of reciprocity” to lower trade barriers since currently “we known they are higher on the Argentine side”.
By Luis Felipe Lampreia (*) - The following piece is a picture of recent events in Argentina from a historic reference and enumerates the obstacles the country faces in developing its own hydrocarbons following the seizure of YPF from Spain’s Repsol
The Argentine economy is set to grow 4% this year in line with the rest of the countries of the region according to a report, “Global Situation” from the Spanish-Argentine bank BBVA-Francés.
Dilma Rousseff is interested in having French elected-president Francois Holland make an official visit to Brasilia to talk about the current world situation since the Brazilian leader believes they both share positions regarding the global crisis and austerity policies.
Brazilian former president Fernando Henrique Cardoso said that Mercosur “needs to be reborn but with a real integration spirit among its members” leaving behind such ambitions as the mirror of the European Union.