Brazil's government presented a plan on Wednesday for dividing up oil royalties among states, a crucial step in advancing its effort to tap deepwater reserves it hopes will turn the country into a major crude exporter.
The Brazilian economy expanded at its fastest pace in six months in July, even as the central bank bets on slower growth to curb the fastest inflation in six years.
Brazilian Central bank President Alexandre Tombini said in an interview with the local Valor Economico newspaper that Europe's expected difficulty in implementing a rescue package and slowing global growth are likely to justify the bank's recent surprise cut to interest rates.
Brazilian President Dilma Rousseff said that the lymphatic cancer she was diagnosed in 2009 has been ‘solved’ and she enjoys ‘good health’. The president’s health is a recurrent concern in Brazil.
Miss Universe 2011 will be aired Monday night but there has been plenty of sparking controversy. Catalina Robayo, Miss Colombia has been snapped one too many times without her panties.
Brazil latest harvest (2010/2011) should reach 162.9 million tons of grains and oilseeds establishing a new record according to the latest release by the National Supplies Company, Conab.
US ambassador in Brazil Thomas Shannon said the country suffered from “extended corruption” according to a diplomatic cable a year and a half ago referred to former president Lula da Silva administration and which was recently released by Wikileaks.
Brazil’s Embraer, the world’s fourth-biggest aircraft maker, announced Thursday an agreement with Israel’s Elbit Systems to develop and produce unmanned drones in the country.
The Brazilian government took distance from the ruling Workers Party demand for an urgent implementation of a controversial media bill, arguing the issue was not urgent.
Brazil's Defense minister said on Thursday that Haiti's peacekeeping force of 12,000 soldiers and police, known as MINUSTAH, will begin a gradual withdrawal aimed at turning security over to the Haitians, but not imperiling the stability achieved.