Brazil is to provide free medicines for everyone suffering from high blood pressure or diabetes. The drugs will be distributed as of next month through a nationwide network of budget pharmacies, where many medicines are already heavily subsidised.
Competition with top trading partner China is costing Brazilian industry valuable market share, the National Confederation of Industry (CNI) in South America's largest economy said on Thursday.
Brazil’s production of oil and natural gas in December 2010 surpassed the previous one-month record, according to a release from the ANP regulatory agency. December 2010 oil output of 2.18 million barrels per day represents a 4.4% increase over November and was 9.1% higher than in December 2009.
Argentine Foreign Affairs minister Héctor Timerman revealed Tuesday that the trade deficit Argentina has with Brazil is “concerning”, and indicated that both nations are working “to reduce it.”
Japan will help Brazil develop a “tuna hub” at the north of the country with the purpose of doubling tuna catches. State of the art Japanese equipment together with Brazilian personnel specially trained to operate the new logistics are at the heart of the ambitious project which plans to turn the north-eastern impoverished state of Rio Grande do Norte into a tuna hub covering an extensive zone of the Atlantic.
Emerging market countries such as Brazil and Argentina must take a stronger position against competitive depreciations, Brazilian President Dilma Rousseff told Argentine press on Sunday.
In her first overseas visit as Brazilian president, Dilma Rousseff ratified Monday in Buenos Aires the “special strategic” relation with Argentina while her counterpart Cristina Fernandez de Kirchner, CFK, called for an “increased productive integration” between the two leading Mercosur partners.
Building will now begin on what will be the world's third-largest hydroelectric dam after Ibama, Brazil's environment agency, gave the go-ahead for the controversial $17 billion (£10.6 billion) project.
Brazilian President Dilma Rousseff will arrive in Argentina on Monday on her first foreign trip as president.
The International Monetary Fund’s assessment that Brazil’s fiscal situation is worsening and putting at risk the government’s targets is “totally wrong” and “stupid,” Finance Minister Guido Mantega said.