
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.

Brazil’s booming economy registered record low unemployment in 2010 as a strengthening economy created jobs. The rate fell to a record low in 2010, as the country’s economy records the fastest growth since 1985.

Over 25,000 people have been forced to move out of their homes in the Serrana region in the south-eastern Brazilian state of Rio de Janiero, because of the devastating rains and mudslides. which lasted thirteen days and killed over 800 people, authorities said..

Brazil’s recently sworn in government, is concerned about increasing foreign interests in its mining assets and is looking in to the possibility of restricting foreign purchases of mines, Folha de Sao Paulo reported.

Brazilian President Dilma Rousseff is re-evaluating a six billion dollar plan to purchase eleven warships, as part of her plan to slash government spending, the Folha de Sao Pablo reported.

Brazilian President Dilma Rousseff is trying to show she is different from former president Lula da Silva. Rousseff prefers strict rules and technical work as opposed to Lula’s political more relaxed way of governing.

Brazilian and Uruguayan Foreign Ministers Antonio Patriota and Luis Almagro have agreed to hold bilateral meetings every three months they announced during a press conference in Uruguay. The ministers met to discuss the forthcoming meeting between Uruguayan President Jose Mujica and his Brazilian counterpart Dilma Rousseff, scheduled for the first week of February.