The de facto government of Honduras denied entry on Sunday to an Organization of American States delegation and threatened to close Brazil’s embassy, where ousted President Manuel Zelaya has taken refuge (Reuters).
Brazil’s president demanded on Wednesday a greater role in global affairs for big developing nations, while asking rich countries to do more to spur free trade and fight climate change (Reuters).
- Brazilian President Lula da Silva said he’ll visit President Amadinejad in Tehran next year after the Iranian leader comes to Brazil, adding he can’t judge Iran’s elections or nuclear ambitions (Bloomberg).
Brazilian economists expect higher interest rates and faster economic growth next year, according to a central bank survey of about 100 economists (Bloomberg).
A sporting duel between U.S. President Obama and his Brazilian counterpart Luiz Inacio Lula da Silva heated up on Friday over who — if either of them — gets to host the 2016 Summer Olympics (Reuters).
Eike Batista, a Brazilian industrial magnate, said on Monday he may consider buying a stake in Vale, the world’s largest iron ore exporter, if given the chance (Reuters).
Brazil state development bank BNDES may support consolidation in the country’s steel industry as the government looks to create “global champions,” the bank’s president Luciano Coutinho told Valor Economico newspaper (Reuters).
Brazil’s plan to reform its mining code and potentially raise the royalties paid by mining companies must ensure the mineral-rich country can compete with up and coming resource providers increasingly vying for investment, miners said (Reuters).
Aberdeen Asset Management Plc, Scotland’s largest money manager, is opening an office in Brazil after increasing its Latin American holdings by a third with the purchase of Credit Suisse Group AG’s funds unit this year (Bloomberg).
Petrobras, Brazil’s state-controlled oil producer, expects areas off the coast of Bahia state may hold so-called pre-salt oil reserves, Chief Executive Officer Jose Sergio Gabrielli said (Bloomberg).