Brazilian companies' profits will reach record levels this year, the best since 1994, according to a study conducted by Serasa, an economic analysis and information firm. The study was based on financial statements of 10 thousand industries from around the country, covering the period January-September.

Brazil's President Luiz Inácio Lula da Silva authorized the law creating Public-Private Partnerships (PPP's). The project establishes general rules for private firms to undertake projects in conjunction with the government.

Brazil's National Congress approved December 29 the 2005 Federal Budget, which sets aside resources on the order of US$ 256 billion (R$ 681.3 billion) to pay for the costs of the administrative machine, investments, and debts.

Brazil's Red Cross is receiving donations to help the victims of the tidal wave in Asia, according to the president of the organization in Brazil, Luiz Fernando Hernández.