Oil World cut its forecast for Brazil and Paraguay soybean production, extending the run of downgrades amid ideas that rains in the last two weeks has been insufficient to put a hold on crop losses.
Brazil imposed additional levies on the import of blankets from Mercosur associates Paraguay and Uruguay alleging triangulation of Chinese textiles, which are restricted because of dumping practices.
Brazil’s private sector said it would grant Argentina a “confidence vote” and would wait until the end of February before assessing the consequence of the new import restrictions imposed by the government of President Cristina Fernandez.
The latest medical examination of former Brazilian president Lula da Silva has shown that a cancerous tumour in his larynx has disappeared, one of his doctors told a local newspaper Sunday.
Brazil prepared to deploy troops on the streets of Rio de Janeiro on Friday, as a strike by the state's police force threatened to disrupt upcoming carnival festivities and raised new questions about security before the 2014 World Cup.
Brazilian consumer prices rose at the fastest pace in nine months in January on higher transport, food and drink costs. Prices increased 0.56% from December, the national statistics agency said in a report distributed in Rio de Janeiro.
The 2012 Brazilian grains and oilseed is expected to be below the 2011 record because of the intense drought in the months of December and January, particularly to the south of the country where soybeans and rice suffered most reported the Geography and Statistics Institute, IBGE.
Hundreds of striking police officers ended their 10-day occupation of a state assembly house in Brazil's third-biggest city, easing tensions in a walkout that unleashed a bloody crime wave and threatened upcoming carnival celebrations.
Mercosur from a real point of view exits, but institutionally it’s a “chewing gum” claimed Uruguayan president Jose Mujica who anticipated he would demand from the block’s partners that Uruguay be allowed to sign bilateral trade agreements with third parties.
A piece of news in a Brazilian website on Wednesday today caused a wave of reactions and expectations when it declared sources close to the medical team treating former Brazilian President Lula da Silva for a throat cancer said he is free of the disease.