Brazil’s credit growth is slowing to a sustainable pace and sufficient to feed domestic demand, said on Tuesday Luiz Pereira, the central bank’s director of international affairs.
The US is struggling to keep up with surging demand for visas in Brazil and China, as the growing middle class in the world’s two biggest emerging markets flock to US shopping malls and tourist resorts.
Uruguay’s President, José Mujica said on Monday that Argentina had nothing to do with the comment made by France’s leader Nicolas Sarkozy indicating that Uruguay was a “tax haven.”
Luis Maria Kreckler currently Argentina’s Foreign Ministry’s Trade and Economic Affairs secretary and who was also considered a strong candidate to be the Foreign Minister in the next presidential cabinet, was appointed as Argentina’s Ambassador to Brazil.
Brazilian President Dilma Rousseff addressing the results of the G20 summit in Cannes, where Brazil was one of the countries represented said that job creation is a way to tackle economic crises.
Advisers to Brazil’s Labor Minister Carlos Lupi demanded kickbacks from non-government organizations with government contracts, newsmagazine Veja reported Sunday, citing unnamed lawmakers and officials.
Car sales in Brazil dropped 10% in October compared to the previous month according to the country’s dealers association, Fenabrave turning warning lights on for the global auto industry. This follows September’s decline that affected all of Brazilian industrial production.
Brazil must balance its trade relation with China, (leading commercial partner) and not allow an anti-Chinese feeling among manufacturers to spoil relations with Beijing said economists in Sao Paulo.
Brazilian president Dilma Rousseff said that solutions to European and global economic difficulties need to promote economic growth and employment. Ms Rousseff arrived Wednesday in France for the summit of G-20 leaders this week, but before will be meeting with peers from the BRICS group to work out a common stance.
Former Brazilian President Lula da Silva, one of the most popular figures in Brazil vowed in a video posted on YouTube to beat his recently diagnosed throat cancer.