Rescue workers struggled to reach areas cut off by devastating floods and landslides that have killed at least 500 people in one of Brazil's worst natural disasters in decades.
The Brazilian government and Navy are considering an ambitious plan for launching an offshore subsea lab to be located at the limit of the country´s territorial waters and beyond the farthest pre-salt play
A shortage of bills that has led to lines and protests outside Argentine banks since mid-December may be resolved by next week after the country boosted imports of notes printed in Brazil.
The Brazilian currency Real weakened after the central bank introduced reserve requirements on short positions in U.S. dollars held by local banks with the purpose of weakening the Real which this week reached a historic high against the greenback.
Brazil’s trade surplus fell 19.8% in 2010 to 20.28 billion USD, the smallest in eight years. Exports grew 31.4% to 201.9 billion, a new record, but imports surged 41.6% to 181.64 billion, the Ministry of Development, Industry and Commerce said this week.
Brazil on Tuesday threatened tougher capital controls and other measures to keep its currency from rising against the dollar, a day after Chile's central bank unveiled its own $12 billion plan to buy greenbacks.
In her inauguration speech Brazilian President Dilma Rousseff promised greater consistence for Mercosur and Unasur so that the region can become an essential component of the “coming multipolar world”. She also anticiapted closer relations with all countries from Latinamerica, the Caribbean and Africa and the peoples of Middle East and a greater role for Brazil in world political and financial affairs.
Brazilian state-controlled energy giant Petrobras on Wednesday confirmed the commercial viability of two massive offshore oil and gas fields located deep beneath the ocean floor, announcing that one of them will now be known as “Lula.”
Relations between the United States and Latin America have not changed in any meaningful way under President Barack Obama, Brazilian head of state Luiz Inacio Lula da Silva said.
Over a million tourists (1.064.731) had visited until Christmas Argentina’s Iguazu Falls national park, a number which should reach 1.2 million when the 2010 calendar year is completed according to Iguazu Argentina that have the park’s concession.