Brazilian President Lula da Silva defended Julian Assange, founder of the WikiLeaks.org website that published more than 250,000 of U.S. diplomatic cables sent to or from embassies around the world and asked where are those rabid defenders of freedom of expression.
Brazil’s trade surplus this year should reach 16 billion US dollars, which is 40% below 2009, according to Foreign Trade Secretary, Welter Barral. He added it was too early to talk about 2011 targets, given the world scenario and “at this stage we can’t say if we are going to run a (trade) deficit next year”.
Rio de Janeiro, Brazil’s second biggest city will receive a 150 million US dollars loan from the Inter-American Development Bank (IDB) to improve living conditions in low-income neighborhoods, known as favelas.
Thousands of Brazilians and visitors gathered at Rio de Janeiro's Rodrigo de Freitas Lake to witness the lighting of the world largest floating Christmas tree with 3.3 million lights.
Brazilian President-elect Dilma Rousseff on Wednesday nominated five Cabinet members from her most important coalition partner in an effort to secure congressional support for her government.
Brazilian policy makers kept their benchmark overnight rate unchanged on Wednesday after curbs on credit allowed central bank President Henrique Meirelles to leave anticipated rate increases for his successor.
Brazilian corporation Vale, the world's biggest iron ore miner, listed on Wednesday at the Hong Kong stock exchange where it traded at a premium to New York's close, as the company looks to raise its profile among Asian investors.
Interest rates on financing car sales without a down payment have almost doubled in Brazil following last week’s liquidity tightening measures from the central bank, reports O Estado de Sao Paulo, adding that higher financial costs could dent automobile sales by as much as 20%.
Brazilian President Lula da Silva has said he will not make a decision on a multi-billion-dollar jet fighter purchase before stepping down on January 1, state media reported.
Brazilian President Lula da Silva said on Tuesday he would veto a plan to change the distribution of oil royalties among state governments, paving the way for the implementation of a legal overhaul of Brazil's oil sector.