Brazil

Brazil
Saturday, August 29th 2015 - 05:25 UTC

'If necessary', Lula da Silva will be in the 2018 president election

“If the opposition thinks it's going to win, that it will be no contest and that the PT is finished, you can be sure of the following: I'll be in the race”

Former two-term President Lula da Silva acknowledged Friday that he is weighing the possibility of seeking to return to Brazil's highest office in the 2018 elections. ”I can't say that I am or that I'm not (a candidate),” Lula said during an interview with Radio Itatiaia.

Friday, August 28th 2015 - 07:22 UTC

Brazil/EU summit next year following exchange of proposals with Mercosur

Brazil and the EU agreed it would be better that the bilateral summit be held after the exchange of proposals, said EU representative Joao Gomes Cravinho.

Brazil and the European Union agreed to hold their annual summit during the first half of 2016, following the exchange of proposals for a wide ranging and cooperation trade agreement between the EU and Mercosur.

Friday, August 28th 2015 - 05:32 UTC

Lula da Silva seems to have lost his invincible electoral allure, opinion polls show

In the event of a presidential dispute, Lula da Silva would be beaten by Aecio Neves in the runoff by 50% to 31%.

Former Brazilian president Lula da Silva, if he decided to run again in 2018 as his Workers Party insists, would lose the presidential contest against any of three potential candidates from the leading opposition party, PSDB, (Brazilian Social Democracy) according to a public opinion poll released this week.

Thursday, August 27th 2015 - 04:41 UTC

Dilma has an extra 12 days to show 'non-doctored' government accounts

TCU alleges Rousseff delayed 40 billion Reais in social payments to artificially bolster fiscal accounts

Brazil's highest accounting court gave another 15 days for President Dilma Rousseff to respond to accusations she doctored the government accounts last year to hide the deterioration of the country's finances.

Thursday, August 27th 2015 - 04:35 UTC

Brazil unemployment climbs to 8.3% in 2Q; auto industry starting layoffs

The ranks of the jobless expanded to 8.4 million people during April-June, while  the number of people with jobs held steady at 92.2 million, IBGE said.

Brazil’s unemployment rate rose to 8.3% in the second quarter, according to a release from the Brazilian Institute for Geography and Statistics, IBGE. The ranks of the jobless expanded to 8.4 million people during the April-June period.

Wednesday, August 26th 2015 - 06:46 UTC

Brazil economy to contract 2.06% and 0.24% next year, says Central bank survey

GDP estimates come from the Boletin Focus, a weekly Central Bank survey of analysts from about 100 private financial institutions on the state of the economy

Analysts expect Brazil's economy to contract by 2.06% this year, with the inflation rate coming in at 9.29%, the Central Bank said Monday. GDP estimates come from the Boletin Focus, a weekly Central Bank survey of analysts from about 100 private financial institutions on the state of the national economy.

Tuesday, August 25th 2015 - 20:13 UTC

Rousseff planning to cut 10 of 39 ministries as commitment to austerity

Since taking office in 2003, the Workers' Party has bloated the number of ministries in Brasilia from 26 to 39 to ensure political support from the coalition

Brazil's government announced on Monday it will slash the number of ministries and reduce its spending, in an effort to show commitment to austerity that could be politically costly for President Dilma Rousseff.

Tuesday, August 25th 2015 - 14:48 UTC

Rousseff ever more lame: VP Temer to drop as political coordinator

Temer is an important ally of Rousseff and his decision will further complicate the unpopular president, who is facing calls for her resignation or impeachment

Brazilian Vice President Michel Temer has decided to drop his role as day-to-day political coordinator in Congress for President Dilma Rousseff but is not leaving her government, two sources in the administration said on Monday.

Tuesday, August 25th 2015 - 14:43 UTC

Brazil's electoral authority investigating funding of Rousseff's presidential campaign

Gilmar Mendes said a 17-month investigation found evidence that Rousseff’s Workers’ Party (PT) was indirectly funded by money stolen from Petrobras.

The vice-president of Brazil’s TSE electoral authority has asked for an investigation of President Dilma Rousseff’s 2014 re-election campaign, citing evidence that it may have been financed with money from a corruption scheme at state-run oil firm Petrobras.

Friday, August 21st 2015 - 07:49 UTC

Merkel calls for a free trade accord between the Europe Union and Mercosur

“We could broaden our trade. We need reliable investment conditions”, said Merkel as she pressed for better access to Brazilian markets

German Chancellor Angela Merkel pressed Brazil's government on Thursday to further open its markets to foreign companies, and said she saw an opportunity to reach a free-trade deal between the European Union and the Mercosur trade bloc. Merkel is on a two-day visit to Brazil with a large delegation of government officials and representatives from German companies.

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