Saturday, October 3rd 2015 - 08:34 UTC

Check-mate to Brazil's Lower House speaker: he and family have Swiss bank accounts

 Third in the presidential succession, Cunha is a key figure because he can decide whether to open impeachment proceedings against Rousseff

A group of lawmakers called for the resignation of the speaker of Brazil's lower house of Congress, Eduardo Cunha, after Switzerland provided Brazilian prosecutors with details of Swiss bank accounts in his name.

Saturday, October 3rd 2015 - 08:11 UTC

Rousseff reshuffles cabinet and gives more power to key ally PMDB and Temer

Rousseff said the reshuffle guarantees “a more stable majority” for the ruling  coalition in Congress and the approval of urgently needed legislation

Brazilian President Dilma Rousseff on Friday announced a Cabinet reshuffle that reduces the number of posts from 39 to 31 and gives a more significant role to the Brazilian Democratic Movement Party, or PMDB, the country's biggest and a key ally of her Workers' Party.

Saturday, October 3rd 2015 - 07:55 UTC

Rousseff's main coalition ally, “110 satisfied” with latest changes, but 'there's some fat left'

“We're 110% satisfied, but there's even some fat left” said minister Katia Abreu, who is also representative of the agro-business lobby

Brazil largest party, main ally and pillar of President Dilma Rousseff's fragile coalition said it was “110% satisfied” with the changes announced on Friday: reducing cabinet posts from 39 to 31, slashing thousands of coveted jobs for political appointees and cutting her salary and that of the vice president by 10%.

Thursday, October 1st 2015 - 08:58 UTC

Rousseff's approval ratings languish: two thirds consider her government “bad or terrible”

Only 10% of respondents in a survey by Ibope released on Wednesday said her government was “excellent” or “good,” up slightly from 9% in July

Brazilian President Dilma Rousseff's approval ratings languished in September, held down by the country’s economic and political crises, as her opposition in Congress considers opening impeachment proceedings.

Thursday, October 1st 2015 - 08:51 UTC

Petrobras hikes gasoline and diesel prices to help with the company's finances

The price hikes, 6% and 4%, are the first since increases of 3% for gasoline and 5% for diesel imposed in November 2014.

Brazil's state-controlled Petrobras unexpectedly increased wholesale gasoline and diesel prices in the domestic market, potentially widening a controversial premium to international prices. The heavily indebted company said that the gasoline price would increase by 6%, and diesel by 4%, as of this Wednesday.

Thursday, October 1st 2015 - 08:45 UTC

Slumping demand from China and Brazil put a drag on world trade, says WTO

The heaviest downward revisions came from Asia, which saw WTO export growth estimates cut roughly 40% and import growth nearly by half.

The World Trade Organization shaved half a percentage point off its global trade projections for 2015, after a disappointing first half of the year left export growth weakened across the developing world. World merchandise trade volume is expected to rise 2.8% for the year, down from April projections of 3.3%. The WTO also revised its 2016 projections to 3.9%, from 4.0%.

Tuesday, September 29th 2015 - 06:28 UTC

Former president says “no way Uruguay can escape the impact of the Brazilian crisis”

“I can't see how Uruguay can escape the impact of the crisis in Brazil...Uruguay will have to find other markets”, stressed Fernando Henrique Cardoso

Brazilian former president Fernando Henrique Cardoso, (1995/2002) said that the serious economic situation faced by Brazil is very complex, will take time to overcome and most surely the impact will be felt in neighboring Uruguay, a country which must target other markets, other economic spaces.

Monday, September 28th 2015 - 10:35 UTC

Brazil has sufficient reserves, but Rousseff concerned about companies with dollar debts

“Brazil today has sufficient enough reserves to not have any problem, any disruption due to the dollar,” Rousseff said in an interview with GloboNews.

Brazil President Dilma Rousseff cited the nation's foreign currency reserves as a backstop to excessive volatility and weakness in the Brazilian Real.

Monday, September 28th 2015 - 10:21 UTC

Brazil supports Paris conference and pledges to cut greenhouse gas emissions 37% by 2025

Brazil’s “energy mix is among the cleanest in the world” said Rousseff claiming  the country has “reduced deforestation in the Amazon rainforest by 82%”.

President Dilma Rousseff pledged on Sunday to slash Brazil’s greenhouse gas emissions by 37%, during her speech to the UN General Assembly. Outlining her vision for a global climate change agreement on Sunday, Rousseff stressed on the importance of a “common response”.

Sunday, September 27th 2015 - 09:37 UTC

Major offshore drilling company accused of involvement in Petrobras scandal

“Transocean is investigating allegations made by Mr. Musa and will continue its efforts to ensure no violation of company policy or law has, or will, occur”

Transocean Ltd., a top offshore drilling company, has been mentioned in testimony in a corruption investigation focused on Brazil's state-run Petrobras, Brazilian court documents showed.


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