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Studies from several countries have shown that fuel subsidies are regressive and ineffective in terms of protecting the poorest.
More than 600,000 visitors are expected to arrive for the World Cup in Brazil, with games being played in 12 cities.
But Brazilian officials are optimistic that the World Cup, scheduled for this summer, will inject considerable revenue into the economy.
China is Vale's largest client in the iron ore trade.
China’s top legislator said the two nations will cement strategic coordination on “major issues such as global governance and climate change".
Petrobras is in the eye of a storm over an allegedly ‘overpriced’ purchase of a refinery in the United States.
The Brazilian President silences critics who cited unfinished infrastructure projects with 60 days remaining.
The 2013 Confederations Cup boosted Brazil's GDP by $4.37 billion, says a new report.
Meanwhile, HSBC Purchasing Managers' Index (PMI) for the Brazilian manufacturing sector indicated growth.
