Emerging market countries such as Brazil and Argentina must take a stronger position against competitive depreciations, Brazilian President Dilma Rousseff told Argentine press on Sunday.
In her first overseas visit as Brazilian president, Dilma Rousseff ratified Monday in Buenos Aires the “special strategic” relation with Argentina while her counterpart Cristina Fernandez de Kirchner, CFK, called for an “increased productive integration” between the two leading Mercosur partners.
Building will now begin on what will be the world's third-largest hydroelectric dam after Ibama, Brazil's environment agency, gave the go-ahead for the controversial $17 billion (£10.6 billion) project.
Brazilian President Dilma Rousseff will arrive in Argentina on Monday on her first foreign trip as president.
United States President Barack Obama has announced that he will pay his first visit to Brazil and other South American countries in March.
Brazil’s recently sworn in government, is concerned about increasing foreign interests in its mining assets and is looking in to the possibility of restricting foreign purchases of mines, Folha de Sao Paulo reported.
Brazilian President Dilma Rousseff is re-evaluating a six billion dollar plan to purchase eleven warships, as part of her plan to slash government spending, the Folha de Sao Pablo reported.
Brazilian President Dilma Rousseff is trying to show she is different from former president Lula da Silva. Rousseff prefers strict rules and technical work as opposed to Lula’s political more relaxed way of governing.
Brazilian and Uruguayan Foreign Ministers Antonio Patriota and Luis Almagro have agreed to hold bilateral meetings every three months they announced during a press conference in Uruguay. The ministers met to discuss the forthcoming meeting between Uruguayan President Jose Mujica and his Brazilian counterpart Dilma Rousseff, scheduled for the first week of February.
Figures in Brazil show that 2.52 million new jobs were created last year, the Brazilian Labour Ministry reported.