Defence minister Arturo Puricelli said Monday that Argentina “has no conflict hypothesis with countries from the region” and thanked the “strong support” from his visiting Brazilian peer Nelson Jobim regarding Argentine sovereignty over the Falklands/Malvinas Islands.
In spite of United States inciting Brazil and India to criticise China's currency policy, Beijing need “not worry too much” because it can defuse the tension through talks, according to Chinese officials.
Four regional powers hoping to get permanent seats on the Security Council — India, Germany, Brazil and Japan — said Friday they believe the U.N. will take action by September on expanding its most powerful body.
Brazil and Argentina came out Friday against a French proposal to be put to the G20 to regulate commodity prices whose recent rises are blamed for a spike in food costs.
Brazil's government managed oil and gas giant Petrobras said on Friday that local shipyard Estaleiro Atlantico Sul (EAS) had won the tender to build seven drilling rigs in Brazil.
Brazil announced an overhaul of the management of its mineral resources and booming mining industry geared to end what it describes as “reverse specialization” based on the export of raw unprocessed minerals with minimum benefit for local labour and processing industry.
Brazil's forex reserves surpassed the 300 billion US dollars mark for the first time ever this week according to the country's central bank as a result of recent heavy foreign exchange inflows and accelerated US dollar buying by the institution.
Brazil could harvest a record crop of 70 million tons of soybeans in 2011 because of improved climate conditions and expansion of the area planted according to Hamburg based Oil World consultants.
Brazilian officials say inflation in January was the highest monthly jump in almost six years. The government's IBGE statistics bureau said that January inflation was 0.83%, the biggest monthly jump since April 2005, when inflation was 0.87%.
Brazil announces 50 billion Real (30 billion US dollars) cuts from this year’s budget as President Dilma Rousseff seeks to help the central bank contain inflation and lower some the world’s highest real interest rates.