Brazil Finance Minister Fernando Haddad unveiled a long-sought plan to cut 70 billion reais ($11.8 billion) from public spending through 2026 as investors’ fiscal concerns sink assets from the currency to stocks.

Brazil President Luiz Inacio Lula da Silva has tacked on an income-tax relief measure to a long-awaited plan to cut government spending, heightening concerns about the budget deficit and sparking a selloff in the currency,

Brazil's government on Wednesday proposed to expand income tax exemptions for lower-income Brazilians and increase taxes on those who earn more, while outlining plans to trim public spending in coming years.

The President of Brazil, Luiz Inacio Lula da Silva, stated that France cannot block the EU-Mercosur trade agreement, asserting that the decisive voice in this matter belongs to Brussels. He also emphasized his aim to finalize the agreement by the end of the year,

Brazilian President Luiz Inacio Lula da Silva said on Wednesday he hoped a trade deal between the European Union and the South American Mercosur bloc would be finalized by the end of this year, even as it faced opposition,

France does not get to decide whether a free trade deal between the EU and South America's Mercosur bloc goes ahead -- only Brussels does, Brazilian President Luiz Inacio Lula