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President Dilma Rousseff is trying to rein in the largest budget gap in 16 years that threatens Brazil’s investment grade.
In the first week of June, outflow from emerging economies reached $9.3 billion – the highest rate in seven years.
This is the second transmission line concession to be auctioned to connect the Belo Monte dam in the Amazon to the national grid.
In 2013 some members of the ruling Workers Party floated the idea of a comeback by Rousseff's larger-than-life predecessor, Lula.
The findings of the international team could have far-reaching implications in the search for life beyond our solar system.
The BRICS Bank will work closely with the China-led AIIB, says communique.
The group represents more than a fifth of the global economy.
In 2014, Brazil-Russia trade grew by 15 per cent.
Even as Western countries and Japan continue the suspension of their 16-year collaboration with Russia in the G8, Russian President Vladimir Putin on Wednesday evening hosted a different group: leaders
The bank has an initial authorized capital of $100 billion.