Brazil urged the World Bank on Wednesday to give proper consideration to developing country candidates to replace outgoing president Robert Zoellick and not just go with an American.
TAM, Brazil's largest airline, reported a fourth-quarter profit on rising ticket prices, fanning expectations of more profitable operations in the year ahead despite recent cost pressures.
Brazilian Foreign Minister Antonio Patriota and his visiting German counterpart Guido Westerwelle on Monday called for signing a free trade agreement between the European Union and the South American trade bloc Mercosur.
Oil World cut its forecast for Brazil and Paraguay soybean production, extending the run of downgrades amid ideas that rains in the last two weeks has been insufficient to put a hold on crop losses.
Brazil imposed additional levies on the import of blankets from Mercosur associates Paraguay and Uruguay alleging triangulation of Chinese textiles, which are restricted because of dumping practices.
Brazil’s private sector said it would grant Argentina a “confidence vote” and would wait until the end of February before assessing the consequence of the new import restrictions imposed by the government of President Cristina Fernandez.
Brazil prepared to deploy troops on the streets of Rio de Janeiro on Friday, as a strike by the state's police force threatened to disrupt upcoming carnival festivities and raised new questions about security before the 2014 World Cup.
Brazilian consumer prices rose at the fastest pace in nine months in January on higher transport, food and drink costs. Prices increased 0.56% from December, the national statistics agency said in a report distributed in Rio de Janeiro.
The 2012 Brazilian grains and oilseed is expected to be below the 2011 record because of the intense drought in the months of December and January, particularly to the south of the country where soybeans and rice suffered most reported the Geography and Statistics Institute, IBGE.
Hundreds of striking police officers ended their 10-day occupation of a state assembly house in Brazil's third-biggest city, easing tensions in a walkout that unleashed a bloody crime wave and threatened upcoming carnival celebrations.