Cardinal Avelar Brandao Vilela, head of the Roman Catholic Church in Brazil and archbishop of the
Brazilian President Jose Sarney's dramatic announcement in late February that interest payments would be suspended on his country's $108-billion foreign debt once again focused attention in the United States, as well as in the rest of the West, on the Latin American debt crisis.
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President Jose Sarney on Wednesday decreed tax increases and higher prices on cars, fuel and air travel abroad to fight poverty and curb a spending boom threatening Brazil's anti-inflation program.
A spokesman for the Brazilian central bank said it plans to ask Morgan Guaranty Trust which customers are affected by the New York bank's investigation of a former Morgan Guaranty official.
A federal court has convicted eight American men and an Argentine ship captain of smuggling arms into Brazil and given them prison sentences.
President Jose Sarney visits Washington today with a proposal that could help President Reagan reduce the U.S. foreign trade deficit.
The death toll from the heaviest rains in 38 years rose to at least 58, and 7,000 people were homeless in South America's largest city, the government said Tuesday.
preparing themselves for a showdown with Brazil by announcing that it will place $2.3 billion in
Facing the worst inflation in Brazil's history, President Jose Sarney announced an economic stabilization program Friday that includes a general price freeze, deep cuts in government spending and a currency devaluation.