Loan delinquencies at Brazilian banks fell in March for the first time this year, a sign that households are reining in debt to get current on their obligations, central bank data showed on Wednesday.
Brazil will get US advanced technology transfers if it buys Boeing's F/A-18 Super Hornet fighter jet to upgrade its air force, visiting US Defence Secretary Leon Panetta said on Wednesday.
The Brazilian ‘marvellous city’ of Rio do Janeiro officially declared it is suffering an epidemics emergency of the mosquito transmitted disease of dengue, following confirmed reports of over 50.000 cases so far this year, and 500 in the last week.
Brazilian Defence Minister Celso Amorim and his visiting US peer Leon Panetta considered an increase in cooperation in many different areas including cyber-security, science and military technology and humanitarian assistance during a bilateral meeting held in Brasilia.
Uruguay and Argentina agreed to exchange tax data in a deal that gives Argentine inspectors the power to dig up information on savers with bank accounts in the neighbouring country, officials said on Tuesday.
Another embarrassing ‘Colombian style’ incident surfaced involving US personnel and prostitutes in Latin America on Tuesday, as US Defence Secretary Leon Panetta said that Marines had been punished for allegedly injuring a prostitute in Brazil in December.
Bayerische Motoren Werke AG (BMW), the world’s largest luxury automaker, posted a 30% drop in first-quarter sales in Brazil due to a tax rise for imported cars, said Henning Dornbusch, the company’s country head.
Brazil wants the US to eliminate barriers to the transfer of military technology, an issued that will be addressed on Tuesday April 24, in Brasilia when US Secretary of Defence Leon Panetta meets with his peer Celso Amorim.
Spain’s main oil corporation Repsol warned it could take legal action against companies that invest in YPF after Argentina seized control of the Spanish company's energy unit last week.
Brazil collaborated during the 1982 Falkland Islands conflict in an operation mounted by the Soviets to supply Argentina with spares, arms, munitions and other requirements according to the Rio do Janeiro newspaper O’Globo based on disclosed documents from the National Security Council and the Ministry of Foreign Affairs.