Jim Yong Kim, the US nominee to head the World Bank, told the bank's board of directors that he would not hesitate to question the status quo and do his best to help the world poorest.
Secretary of State Hillary Clinton described Brazil as a “responsible country” in world affairs and praised Brazil’s “growing impact in global stability and security”, during an event at the US Chamber of Commerce.
US Federal Reserve Chairman Ben Bernanke said banks need to have more capital at hand in order to ensure the financial system is stable. Bernanke said regulators were taking steps to force financial institutions to hold higher capital buffers, even if they allow for a long period of implementation to prevent any market disruptions.
Brazil's President Dilma Rousseff on Tuesday launched an initiative to deepen ties with the prestigious Massachusetts Institute of Technology (MIT). After meeting Monday at the White House with President Barack Obama, Rousseff continued her short visit to the United States with meetings in the Boston area where MIT is based.
Drought in major soybean producers Brazil and Argentina cut their production more deeply than expected the US government said on Tuesday in a report that drove prices to near their highest since 2008.
Brazilian president Dilma Rousseff complained about US monetary policy and expressed concern that sanctions against Iran could backfire in a meeting with President Barack Obama on Monday, highlighting strains between the continent’s biggest economies.
Argentine president Cristina Fernandez will be attending on Saturday the VI Americas summit to be held in Colombia, which is already involved in a strong controversy because of the non invitation to Cuba.
US and Brazil plan to boost trade and cooperation in their respective national drinks, cachaça (distilled sugar cane liquor used to make caipirihna cocktails, and Tennessee whisky. The letter of intent was signed Monday by US Trade Representative Ron Kirk and Brazil’s Trade Minister Fernando Pimentel.
US Boeing and Brazil’s Embraer signed an agreement Monday to work cooperatively on aircraft safety, operational efficiency and manufacturing productivity.
In spite of disagreements in several issues, President Dilma Rousseff during her meeting on Monday at the White House with her peer Barack Obama is expected to insist on the need to join efforts in combating the world economic crisis and particularly monetary instability originated in the manipulation of foreign currency exchanges, which the Brazilian describe as a “monetary tsunami”.