Brazil’s new Defence minister Celso Amorim said he plans closer links with Unasur (Union of South American Nations) and Africa to ensure the South Atlantic turns into a peace zone free of weapons of mass destruction.
Danish wind turbine maker Vestas is to establish its first assembly plant in Brazil and expects it to be operational in the fourth quarter.
Brazil’s Finance Minister Guido Mantega admitted Monday that if the international crisis in the EU and US markets persists, Brazil would have to lower its growth estimate.
Visiting Canadian Primer Minister Stephen Harper and Brazilian President Dilma Rousseff signed on Monday several agreements on air travel, pension benefits, international aid and other areas at the Planalto Executive palace in Brasilia.
Brazilian President Dilma Rouseff on Monday the country is ready to face the world’s economic crisis and reiterated Brazil’s prognosis as the world’s fifth economy.
A Brazilian retired general and former commander of UN forces in Haiti warned the new Defence minister Celso Amorim to avoid giving the Armed Forces command a ‘left-wing ideological imprint’.
The Brazilian congressional opposition promised to block legislative work in both Houses until the government accepts the creation of a Special Investigation Commission, CPI, to look into alleged corruption practices in several ministries from the administration of President Dilma Rousseff.
Brazil has no plans to sell US Treasuries or change its foreign currency reserves holdings as a result of Standard & Poor’s downgrade of the US’s credit rating, a government official said.
Canadian Prime Minister Stephen Harper will visit Brazil, Colombia, Costa Rica and Honduras from August 8 to 12 to promote trade and investments, reinforce democratic governance and advance common security, according to a release from the PM’s office.
Brazil’s state-owned BNDES development bank said it planned to provide about 2.55 billion dollars in financing over the next four years to suppliers to the country’s oil and gas industry.