Venezuelan president Hugo Chavez announced he expected to sign an oil/gas alliance between Argentina’s YPF and PDVSA (Venezuelan Petroleum) when he meets with his peer Cristina Fernandez in Brasilia in the framework of the Mercosur extraordinary summit to officially incorporate the country as full member of the trade group.
President Jose Mujica travels to Brasilia on Monday for the Mercosur extraordinary summit on Venezuela, but his agenda also includes talking with Cristina Fernandez about the latest clash referred to the dredging of a shared River Plate access canal and with host Dilma Rousseff about his growing proximity to Brazil.
Experts from Argentina, Brazil, Uruguay and Venezuela will begin to define on Monday in Brasilia the technical procedures and timetable for the incorporation of Venezuela to Mercosur which will become official on Tuesday at an extraordinary summit of the block.
Brazil's President Dilma Rousseff held talks with British Prime Minister David Cameron on Wednesday to pick up some tips on staging the 2016 Olympic Games in Rio de Janeiro.
Brazil's federal tax revenues dropped more than expected in June from the same period a year before, as a stubborn economic slowdown hurts corporate profits and prompts the government to grant tax breaks to some industries.
Brazil’s influential newspaper O Estado de Sao Paulo blasted Brazilian foreign policy and its handling of the Paraguayan political crisis. In an opinion column under the heading “Dilma’s anti-diplomacy” the newspaper argues that the current administration is politicizing foreign policy, the same way that her predecessor, Lula da Silva.
Brazil's government may ease its primary surplus target next year to create room to carry out additional tax cuts to boost growth, Folha de S. Paulo newspaper reported Monday.
Consumer prices in Brazil rose faster than expected in the month to mid-July on higher food costs, suggesting the central bank may have less room than previously believed to cut interest rates much further.
Brazil will not adopt EU-style austerity measures to tackle its economic crisis and will instead cut taxes and maintain social programs, President Dilma Rousseff said on Friday.
Brazil’s inflation slowed to its lowest in almost two years on temporary tax breaks for autos, paving the way for more interest rate cuts as the government tries to revive economic growth.