Brazil received more than 5.4 million international visitors in 2011, up 5.35 from 2010, the Tourism Ministry announced Friday. The number of visitors from other South American nations rose from 2.384 million in 2010 to 2.628 million in 2011.
FIFA president Sepp Blatter has expressed concern about the slow pace of preparations for the 2014 World Cup in Brazil and said he wanted the delays to be made up as soon as possible.
Brazil will cut returns on new deposits to savings accounts, thereby paving the way for the central bank to further cut its benchmark lending rate, Finance Minister Guido Mantega announced.
Brazil pledged major investment and technology transfer to Africa to repay a solidarity debt from a country with a huge black population to the poorest but resource-rich continent.
UK gas producer BG Group has announced a deal to sell its stake in Brazil's Comgas to Sao Paulo-based Cosan for 1.8bn dollars. BG said it expected to deal to be completed by the end of the year.
Brazilian President Dilma Rousseff plans to unveil changes to rules related to savings accounts on Thursday, government sources said, a key move to pave the way for lower interest rates in Latin America's largest economy.
Brazil’s meat giant JBS is the most likely buyer of a local subsidiary owned by a French poultry processor, according to news reports.
Brazil’s trade surplus narrowed to its smallest in a decade for the month of April as imports jumped to their highest level on record for that period. In April the trade surplus fell to 881 million dollars from a surplus of 2 billion in March and 1.86 billion a year earlier.
The World Bank approved a 480 million dollars loan to strengthen public investment in the Brazilian State of Rio Grande do Sul which will benefit around ten million people.
Brazil which currently imports 35% of the natural gas it consumes from Bolivia has found sufficient reserves to ensure self-sufficiency in the coming five years announced Mines and Energy minister Edison Lobao.