Brazil’s broadest measure of inflation rose the fastest since May in September. Construction, consumer and wholesale prices, as measured by the IGP-M index, rose 1.15% this month.
Brazilian and Argentine international relations experts anticipate that if as all opinion polls indicate Dilma Rousseff will be elected next Sunday as the first woman president in the history of Brazil, the country’s foreign policy will continue the model implemented by President Lula da Silva.
Brazilian Finance Minister Guido Mantega claimed that an “international currency war” has broken out but the government will buy all “excess dollars” in the market to curb the appreciation of the local currency Real.
One of Brazil’s leading and influential newspapers, O Estado de Sao Paulo announced its support for opposition presidential candidate Jose Serra for the coming Sunday election and described current president Lula da Silva as a “bad example” for Brazilian politics.
Brazil's government managed oil and gas company raised 70 billion US in the world's biggest-ever share offering Thursday. The success of Petrobras issue showed the extent of investor interest in Brazil's massive offshore oil reserves, one of the world's fastest-growing regions for energy production.
President Lula da Silva’s comments on freedom of the press are “something dangerous” and put him on the tracks of “Venezuelan leader Hugo Chavez” said the president of the Inter-American Press Association (SIP), Alejandro Aguirre in an interview published in Brazilian newspaper O'Globo.
Brazil’s JBS S.A., one of the world’s leading exporters of beef said late Wednesday that Russian authorities told the company that several of its meat plants have been barred from exporting product to Russia.
Brazilian president Lula da Silva again attached the media on Tuesday claiming that freedom of expression does not imply “inventing stories and news”. He added that the media instead of helping public opinion preach “hatred” and are only interested in “failures of his government”.
Brazilian central bank President Henrique Meirelles stepped up dollar purchases to the highest in almost a year this month in a bid to temper gains in the Real.
Brazil’s ruling party presidential candidate Dilma Rousseff accused the newspaper Folha de Sao Paulo of defamation for publishing an article linking her to alleged irregularities during her time as an official and, in this way, joined the criticisms against certain media formulated by President Lula da Silva.