Brazil's Foreign Affairs ministry told U.S. officials on Thursday that Brazil wants global talks at the World Trade Organization to move forward, but can't make any new concessions.
China's Sinopec Corp said it planned to participate in Brazil's next oil and gas bidding rounds, which should be resumed after the passage of a reform of the country's oil law expected this year.
Brazil is the sixth most murderous country in a list of 100 nations around the world, according to a new study sponsored by the government and released Thursday.
The president of Brazil’s private bank Itau brushed aside risks of a credit bubble in the country and underlined that sustained economic growth will be rewarded by an expansion of between 15% and 20% in its credit portfolios in 2011.
Even when Uruguay and Brazil are in the course of reaching understandings with Argentina regarding the latest trade restrictions to be implemented by President Cristina Fernandez de Kirchner administration, ‘which are not targeted against Mercosur members’, the Brazilian press presents another angle.
The Financial Times warns that in spite of the current optimism about the performance of the Brazilian economy, the country could be heading to a ‘sub-prime’ crisis ‘worryingly’ similar to that experienced by the United States.
Brazil’s economy will pick up speed in 2012, said President Dilma Rousseff on Monday addressing northeast governors concerned that recent announced budget cuts could limit economic activity and support for the area that depends from federal handouts.
Brazil would receive a significant technology transfer if it buys US-made fighter jets, a US Defence Department official said, seeking to ease concerns before Brazil selects a winning bidder.
Brazil’s leading daily Folha de Sao Paulo celebrating its 90th anniversary openly admitted on its Monday edition that in 1964 it supported the military coup that ousted constitutional president Joao Goulart imposing a dictatorship that extended until 1985.
Brazil’s proven oil reserves rose 10.65% in 2010 to nearly 14.25 billion barrels, the biggest annual increase in the past eight years, the ANP oil regulator announced this week. Total reserves, overwhelmingly offshore, which also include probable and possible reserves, soared 34.57% to 28.47 billion barrels.