President Lula da Silva said he wants to be the first Brazilian leader whose administration will lend money to the International Monetary Fund. His comments were done following the G20 summit when it was agreed to supply the IMF with additional funding to the tune of 750 billion US dollars.
United States President Barack Obama, wildly popular the world over, said he isn't the globe's most admired politician: the title belongs to Brazil Lula da Silva
Brazilian President Lula da Silva said Friday that he supports alternatives to the dollar as the world's premier currency who anticipated the issue will be addressed when he visits China next month. Senior Chinese and Russian officials have talked in recent weeks about a new reserve currency to replace the dollar.
Auto industry sales in Brazil soared in March as consumers flocked to dealers to benefit from government tax breaks, according to data from the national dealers’ association Fenabrave.
How much access western energy firms win to Brazil’s vast offshore oil fields hinges on complex political currents in the country – and how well the companies navigate these, argues Juliet Hepker.
Brazilian police have discovered inmates using carrier pigeons to smuggle cell phones onto a prison farm in the south eastern state of Sao Paulo.
Brazil’s latest statistics revealed some encouraging numbers. The foreign trade surplus in March was 1.77 billion US dollars, the same as the February surplus and slightly higher than forecasted. Although expected, industrial production rose 1.8% in February over January boosted by a slight recovery in credit availability and the automotive sector.
Brazilian President Lula da Silva on Saturday at the Progressive Governance summit in Chile told representatives of the United States, Britain and Spain they had a major responsibility for causing the global economic crisis.
The governor of Brazil’s richest state Sao Paulo sacked the Secretary of Education following the printing of thousands of school books with maps of South America which ignored the existence of Ecuador, inverted geographically Uruguay and Paraguay and showed Bolivia sharing territory with Paraguay.
Paraguay rejected this week Brazil’s proposals regarding the non renegotiation of the Itaipú treaty which regulates energy production from South America’s largest hydroelectric dam shared by the neighbouring countries.