Brazil's 2011 trade surplus soared 47.8% to nearly 30 billion dollars, compared with the previous year, the highest since 2007, with record exports and imports, official data showed Monday.
The UK BAE Systems has signed a deal with the Brazilian Navy to supply it with three patrol vessels. The contract is worth £133m.
Rain on the last night of 2011 but which stopped a few minutes before 24 tons of fireworks were set off didn’t stop 2 million people from attending Rio de Janeiro’s main New Year’s festival, an event that was confirmed to be the largest of its kind in the world.
In spite of a slight gain in the last trading day of 2011 the Brazilian stocks benchmark index experienced an 18.1% decline in the twelve months on concerns that Europe's debt troubles could lead to another global recession.
Brazilian plane-maker Embraer will sell its A-29 Super Tucano aircraft to the US Air Force, in a firm-fixed price delivery order contract worth 355 million dollars, the company said in a statement.
Brazil's government may cut as much as much 60 billion Reais (32 billion dollars) from spending in 2012 in an effort to control its deficit and inflation, the Estado de Sao Paulo newspaper reported, citing unnamed Finance Ministry officials.
Brazil's government faces as much as 74 billion Reais (40 billion dollars) of unbudgeted expenses in 2012 stemming from lawsuits awaiting judgement at the country's Supreme Court, the Correio Brasilense newspaper reported on Sunday.
Brazilian president Dilma Rousseff will be celebrating on Sunday her first of four years in office with a record public opinion support of 72%, based on a sober and firm style in running what has become the world’s sixth largest economy.
The Brazilian subsidiaries of Mexican telecoms giant America Movil are planning 10 billion Reais (5.4 billion dollars) worth of new investment in 2012, Folha de São Paulo said on Tuesday.
The conservative and influential Brazilian newspaper O Estado de Sao Paulo in an editorial described the Argentine government as an “austral democradura” (authoritarian regime) which is sponsoring legislation “to terrorize the media”.