Brazilian president-elect Dilma Rousseff admitted her administration would take all the necessary measures possible to prevent the Brazilian Real from increasing its value vis-à-vis the US dollar, according to reports from the Sao Paulo press that interviewed the successor of President Lula da Silva in the recent G-20 summit in Korea.
Brazilian President-elect Dilma Rousseff efforts to restrain public spending will allow the central bank to cut the benchmark interest rate next year, Finance Minister Guido Mantega said.
Four more people have died from the KPC bacteria in Brazil's capital, bringing the death toll so far this year to 22, health officials in Brasilia said earlier this week, adding that the situation has begun to be brought “under control.”
Brazil’s government managed oil and gas corporation Petrobras announced it leased 20 foreign drilling rigs that will start operating in the next two years as it seeks to boost its capacity to explore for and produce oil.
Brazil, the country with most territory in Latin America also has the largest population, almost 186 million according to preliminary figures from the latest census, released by the Brazilian Geography and Statistics Institute, IBGE.
The Brazilian Confederation of Industry, CNI, is strongly lobbying president-elect Dilma Rousseff who takes office next January first to adopt additional measures to help contain the strong appreciation of the Real vis-à-vis the US dollar.
Brazil's President-elect Dilma Rousseff is unlikely to ratify central bank President Henrique Meirelles in his post, mainly because of Meirelles' aversion to cut interest rates rapidly, O Estado de S. Paulo newspaper reported on Sunday, citing a person with direct knowledge of Rousseff's plans.
Sao Paulo’s Federal Prosecution has opened a process to determine the alleged responsibility of four retired military personnel accused of involvement in six killings and torturing 20 people among which president-elect Dilma Rousseff.
Brazil's President Lula da Silva asked his cabinet to do everything possible to help president-elect Dilma Rousseff transition smoothly into power.
Growing at a rate of 7 to 8% annually, Brazil's booming economy is becoming an important market for key Chilean exports.