China will invest 50 billion dollars to help overhaul Brazil's aging infrastructure, the government announced on Thursday, ahead of an official visit by Chinese Prime Minister Li Keqiang next week. Brazil has repeated that it was determined to overhaul its dilapidated roads, railways, airports and ports.
Next June 30 Brazilian President Dilma Rousseff will visit Washington D.C. to meet with President Barack Obama, a highly anticipated event given tensions between the two governments over the past two years.
Uruguay and Brazil presidents, scheduled to hold a bilateral meeting next 21 May in Brasilia will be addressing Mercosur issues, and advancing in the proposal that will allow the group's members to sign bilateral agreements with third parties not belonging to the region, thus avoiding the 'consensus' clause clamp.
Uruguay's president Jose Mujica has now denied alleged statements collected in a book about his life written by two journalists, that he personally presented last Sunday in Buenos Aires and in which there is a mention to former president Lula da Silva and the 'mensalao', one of Brazil's largest corruption scandals involving monthly payments to have bills passed by Congress.
As was anticipated and in line with the current anti-inflation policy, Brazil's central bank on Wednesday evening announced the increase of the basic Selic interest rate another 50 points to 13.25% from 12.75%. The decision from the nine-member Monetary Committee was unanimous, according to the official release.
A close ally of Brazilian president Dilma Rousseff and currently part of her government's coalition said “too much stealing” by Lula da Silva's ruling Workers Party (PT) is responsible for the country's political crisis and public opinion disenchantment with politics.
Uruguay's president Tabare Vazquez announced that when he meets with Brazil's Dilma Rousseff next month, they will consider as a priority how to get the Mercosur-European Union talks for a trade agreement rolling again.
Hundreds of thousands of Brazilians took to the streets on Sunday, venting anger over government corruption and a souring economy a month after protests gathered more than a million people. With cries of Dilma out and corrupt government, marchers -- many wearing the yellow and green jerseys of the national football team -- called for President Dilma Rousseff's ouster and an end to impunity for corruption.
US President Barack Obama announced that Brazilian counterpart Dilma Rousseff will visit Washington on June 30, almost two years after she cancelled a trip over a US spying scandal. Obama made the announcement during a bilateral meeting with Rousseff, on the sidelines of the Summit of the Americas in Panama City.
Brazil's government will do whatever it takes to meet its 2015 fiscal target, President Dilma Rousseff said on Tuesday in an interview with Bloomberg News.