Iran has eclipsed Russia to become the biggest buyer of beef from Brazil, the world’s top exporter of the meat, strengthening the countries’ controversial ties.
Brazil decided to implement anti- dumping duties retroactively to prevent companies from stocking up on imported goods the government says pose a threat to local industry.
Argentina and Brazil defence ministers confirmed the two countries “strategic alliance” and subscribed a bilateral cooperation declaration emphasizing on the South Atlantic as “a Peace Zone, free of nuclear weapons”.
A consortium of five Chinese companies has acquired a 15% stake in Brazil's Companhia Brasileira de Metalurgia e Mineracao (CBMM), the world's biggest niobium producer, for 1.95 billion dollars in cash.
Brazil’s inflation accelerated for the 12th straight month in August to its fastest annual rate since 2005. Consumer prices, as measured by the IPCA index, rose 0.37% in August from the previous month, the national statistics agency reported on Tuesday. Prices rose 7.23% from a year ago, the highest since June 2005.
Metalworkers at a General Motors factory in Brazil decided to go on strike on Tuesday to demand a 17.45% wage increase just as the industry is scaling back production amid rising inventories.
Brazil’s Minister of Defence Celso Amorim is in Buenos Aires for several scheduled meetings this week with his Argentine counterpart Arturo Puricelli and to establish closer ties in defence issues in the framework of Unasur (Union of South American nations).
Two Brazilian university students who organized a “rodeo of fat ladies” in the social network under the name of Orkut will have to donate 20 minimum salaries (approximately 6.650 dollars) to organizations that combat chemical dependencies and gender violence.
Former Brazilian president Lula da Silva and undisputed leader of the ruling Workers Party said on Friday that President Dilma Rousseff will be governing Brazil for the next eight years and announced he’s stepping down from any further presidential aspiration in 2014.
A failure affecting four transmission lines left four Brazilian regions (thirteen states) partially without electricity on Friday, highlighting the growing strain on the nation's power infrastructure.