Brazil’s credit rating outlook was boosted to positive from stable by Fitch Ratings, which cited the country’s “growth dynamics” and “prudent” policies. Fitch rates Brazil BBB-, the lowest investment-grade rating and in line with rankings from Standard & Poor’s and Moody’s Investors Service.
Brazilian President Lula da Silva has cancelled plans to attend the G-20 economic summit in Toronto, Canada after flooding in the northeast of the country left at least 51 people dead and 120,000 others homeless.
Brazil’s incumbent candidate Dilma Rousseff took the lead in the country’s presidential race, according to a new poll. Rousseff, President Lula da Silva’s former cabinet chief, is supported by 40% of those surveyed, according to an Ibope poll for the National Industrial Confederation, or CNI, that was published Wednesday in Brasilia.
Brazil will be ready to control the whole industrial cycle of uranium processing, from extraction of the radioactive mineral to its final conversion into fuel, in large volumes, by the end of the year, according to military sources.
Brazil launches Monday its international Public Broadcasting Service with the initial purpose of penetrating the African continent, more precisely the former Lusitanian Empire where Portuguese is spoken.
Brazilian President Lula da Silva on Wednesday said the country's interest rates could go up again this year “if necessary,” even in the run-up to the presidential election. Brazil is holding elections next October and will be voting for the successor of Lula da Silva who is barred from running a third consecutive mandate.
Brazilian president Lula da Silva thanked the United Nations for the two prizes awarded for his leadership in fighting hunger and poverty with a strong speech condemning rich countries, global speculation and “capitalist myopia”.
The United Nations Food and Agriculture Organization (FAO) honoured Brazilian President Lula da Silva for his leadership in the fight against hunger and inadequate nutrition in his country and across the world.
Brazilian Senate president José Sarney said there are serious risks of a “Colombianization” of Paraguay given the recent actions of an armed group self proclaimed the Paraguayan People’s Army, EPP, and called for strong support for President Fernando Lugo.
Only days after several UNASUR (Union of South American Nations) representatives said they would not attend the Sixth Latin America, the Caribbean and the European Union Summit if Honduran President Porfirio Lobo was invited, the Spanish Government has decided to exclude him from the meeting, according to sources in the Brazilian Government.