Brazil is poised to confirm its largest crop ever, 147.1 million tons in 2009/2010, which is 9% higher that the 135.1 million of 2008/09 according to the latest survey from Conab, the country’s National Supply Agency. The latest record was in 2007/08 with 146 million tons.
The International Monetary Fund reiterated its forecast for Brazil’s economy to expand 7.1% this year, as result of capital inflows and the expansion of credit. However the IMF also cautioned about the official credit policy of the country’s development bank.
Chinese auto-maker Chery Automobile Co. will spend 700 million US dollars on a plant in Sao Paulo, Brazil's wealthiest state, the local newspaper o Estado de S. Paulo reported in its Thursday edition.
Brazil's ruling Workers' Party presidential candidate Dilma Rousseff, has a five percentage-point lead over her main rival Jose Serra, according to the latest opinion poll released Friday.
Brazilian president Lula da Silva who insists in campaigning for the incumbent presidential candidate Dilma Rousseff, in spite of electoral regulations, revealed that the country’s ‘coup elite’ tried to remove him from office.
Brazil is holding military exercises along its Atlantic coast with the deployment of 10.000 troops from the three services to ensure the country can protect its nuclear plants and massive offshore oil industry.
Paraguayan officials downplayed statements by Brazil’s main opposition presidential candidate Jose Serra who said that Brazil is doing “philanthropy with Paraguay and Bolivia”.
The Brazilian Indians who occupied the construction site of a hydroelectric dam and took more than 150 workers hostage in the far southern portion of the country’s Amazon region on Monday have released the last five people they were holding, a government spokesman said.
A group of about 300 Indians from 11 different groups on Sunday seized a controversial dam that is under construction in Brazil’s Amazon jungle and took about 100 workers hostage, officials said.
Brazil’s Executive foreign affairs advisor said that the breaking of relations between Venezuela and Colombia “weakens” South America and negotiations to bring both sides together should not be seen as a confrontation between Unasur (Union of South American Nations) and OAS (Organization of American States).