Brazil's Trade and Industry minister faced pressure Thursday to explain his personal wealth, becoming the latest and one of the most high-profile members of President Dilma Rousseff's cabinet to be targeted by the media over alleged ethics breaches.
Uruguay will have to learn to live with Argentina’s ‘unpredictable policies” and its growing tendency to protectionism, both from President Cristina Fernandez as from Brazil in a context where both economies growth is slowing down.
Brazil’s Labor and Employment Minister Carlos Lupi resigned Sunday, the sixth Cabinet member to leave President Dilma Rousseff’s government since June amid corruption allegations.
Brazilian president Dilma Rousseff was elected “Woman of the Year” by one of Brazil’s leading magazines, Istoé, which describes the leader as “one of the most influential persons in the world” who also conducted the country to “a superior level”.
Argentine and Brazilian presidents Cristina Fernandez and Dilma Rousseff agreed in Caracas the creation of a Productive Integration Mechanism, MIP, to deepen bilateral relations.
Brazilian President Dilma Rousseff plans to replace a handful of ministers to streamline the cabinet when she completes a year in office in January but the shuffle does not include Finance minister Guido Mantega, according to Planalto sources.
Argentine President Cristina Fernández will hold a bilateral meeting next Friday with her Brazilian counterpart Dilma Rousseff in the framework of the first Latin American and Caribbean States Community Summit (CELAC).
Brazilian president Dilma Rousseff said that the country’s economy which slowed down in the last quarter will retake growth and generate more jobs based on government plans to expand manufacturing.
Markets expect Brazilian policy makers will accelerate the pace of interest rate cuts after President Dilma Rousseff said at an event in Brasilia on Wednesday that the country can and is prepared “to use monetary policy” to combat the effects of Europe’s debt crisis.
The president of Spain’s banking group Santander Emilio Botin described Brazil as “a very interesting market for Spain” following a meeting with Brazilian president Dilma Rousseff.