President Lula da Silva’s former cabinet chief Dilma Rousseff was officially proclaimed Sunday as the ruling Workers’ Party presidential candidate for the coming October elections.
President Lula da Silva said that this coming October election will be the first since 1985 that his name won’ figure, “but to fill that void I will change my name and I will call myself Dilma Rousseff”.
Brazil’s central bank raised its benchmark Selic interest rate for a second straight meeting to contain inflation following strong signs the economy is overheating.
Brazilian president Lula da Silva talked for the first time about the alleged espionage plot against opposition presidential candidate Jose Serra and described the whole operation as an ‘absurd set up’ with electoral purposes.
For Brazil the renegotiation of the Itaipú dam treaty between Brazil and Paraguay ‘is over’ following on last year’s declaration of Presidents Lula da Silva and Fernando Lugo, said Marco Aurelio García the Brazilian president main advisor in international affairs.
A mini Watergate Brazilian-style is emerging following statements from a former high ranking intelligence police officer who claims he was contracted by members of the incumbent presidential candidate team to spy on her main opponent.
Brazil lost an estimated 12.6 billion US dollars in exports between 2004 and 2009 because of Chinese penetration in the country’s main international markets according to a report from the powerful Federation of Sao Paulo States industries, FIESP, released Wednesday.
Brazil's crop will reach 145.8 million tons in 2010, up 8.8% from 2009, according to a May projection released on Tuesday by the Brazilian Institute of Geography and Statistics (IBGE). The projection is 0.5% lower than April’s, released in May.
Brazil’s most influential parties will be holding this week their national conventions, which is the previous step to the formal launching of the October presidential election campaign considered one of the tightest races in recent electoral history.
Brazil’s economy grew at its fastest annual rate since 1995 in the first quarter anticipating expectations that the central bank will raise interest rates 0.75 percentage point Wednesday to prevent overheating.