Argentine Industry Minister, Debora Giorgi, and her Brazilian counterpart Fernando Pimentel will meet this Thursday in Brasilia in order to discuss a possible solution for the trade conflict currently affecting Brazil and Argentina
Fiat and Chrysler Group president Sergio Marchionne said on Monday that car sales in Latin America saved the corporation’s balance sheet last year and announced an overall increase in car sale operations in accordance with regional demand.
Brazil Central Bank head of Monetary Policy Aldo Mendes anticipated Monday that inflation in the coming two/three months will be almost flat, close to zero and supported his forecast on the food prices inflexion tendency.
The first Asian factory of industrial and residential lifts in Brazil will be built in the southern state of Rio Grande do Sul, it was announced Sunday in Seoul, Korea by the Hyundai Group.
Brazil’ president of the Economic and Development Bank, BNDES, Luciano Coutinho said that the country’s investment rate in the coming four years will be equivalent to 23% of GDP, sufficient to ensure a sustained robust long term growth of Latin America’s largest economy.
President Dilma Rousseff’s Monday visit to Uruguay will try to ease growing concerns in South America’s smallest country political and economic circles about “Brazil-dependency” and obstacles to bilateral trade, according to reports in the Sao Paulo media previous to her departure.
Brazilian Vice-president admitted publicly “differences” inside the administration of President Dilma Rousseff following a serious, ‘high voice’ exchange he had with cabinet chief and political coordinator Antonio Palocci who in under investigation for over-night enrichment.
Former Brazilian Industry and Foreign Trade Minister Miguel Jorge decided to weight in on the bilateral trade conflict currently affecting Brazil and Argentina, and surprisingly came out in defence of the Cristina Fernández de Kirchner administration, comparing President Rousseff’s move to impose non-automatic licenses on car and auto-parts imports as “firing a cannon ball.”
Brazilian President Dilma Rousseff, following recovery from the bronchial pneumonia she was diagnosed in late April, currently enjoys good health, the president’s doctors said in a report released at her request.
Brazilian president Dilma Rousseff arrives Monday in Uruguay, the third country she will be visiting after China and Argentina, since taking office last January first. The two countries are founding full members of Mercosur and Brazil is Uruguay’s main trade partner.