Something stinks in Petrobras: former director and leading contractors CEOs arrested on bribery charges
Brazilian police arrested a former Petrobras executive on Friday, sending the state-run oil company's shares and bonds down after a widening corruption scandal forced it to delay the release of its financial results.
The Chikungunya outbreak which continues to affect thousands of Caribbean residents since it first appeared in St. Martin last year has been relatively self-limiting in the United States, due to the fact that the current strain only spreads through the Aedes egypti mosquito vector, which is uncommon on the US Eastern seaboard.
By R. Viswanathan (*) - The reelection of President Dilma Rouseff means continuation of the slow growth of the Brazilian economy and a lower likelihood of much-needed, major political and economic reforms. India should lower its expectations on a global partnership with Brazil.
United States authorities are investigating whether Brazil's giant gas and oil corporation Petrobras or its employees were paid bribes, adding to the mounting domestic corruption probes facing the state-controlled oil company.
Rousseff tells Congress it will miss the fiscal target; resigning minister calls for a shock of credibility
Brazilian President Dilma Rousseff on Tuesday asked Congress to allow the government to deduct all of its investments and tax exemptions from a key 2014 fiscal target, effectively lowering a goal that it will miss for the third straight year.
Violent crime cost Brazil 258 billion Reais (about 100 billion dollars) in 2013, a figure equivalent to 5.4% of the country's GDP, according to the new Brazilian Public Safety Annual Report, in which it is stated that an average of six people died in police operations each day during the year.
Venezuela needs a 'major social agreement' to adjust its economy and overcome the current and persistent political conflicts in the country, said Ernesto Samper, chairman of Unasur (Union of South American Nations) during a visit to Brasilia.
Brazil raised domestic wholesale gasoline and diesel prices for the first time in more than 11 months effective Friday in a move to bolster the finances of the heavily indebted Petrobras oil and gas company after years of refining losses.
The number of Brazilians living in extreme poverty grew for the first time in a decade, according to government figures. The Institute of Economic Research reported that the number of people in households with incomes below the poverty threshold of 30 dollars rose from 10.1 to 10.5 million people, which means a 3.7% increase.
Mercosur and the Pacific Alliance are not contradictory competing blocks, and can advance towards a mutually beneficial convergence, said Chile's Economy minister Luis Felipe Cespedes during a trade and investment promotion seminar in Brazil.