Latin American currencies weakened on Friday after strong U.S. jobs data was seen as increasing the likelihood of higher interest rates in the world's largest economy, while Brazil markets fluttered in the last trading session before Oct. 5 elections.
Brazilian President Dilma Rousseff has extended her lead over environmentalist Marina Silva ahead of Sunday's Oct. 5 presidential election and would win a likely second-round runoff, a new poll showed on Thursday.
According to Argentina's leading and most influential financial newspaper, Ambito Financiero, Brazil, via the private sector could come to the rescue of Argentina in its ongoing dispute with the speculative funds in the New York court presided by Judge Thomas Griesa.
Brazil's rapid religious transformation is having an impact on the country's tight presidential race, where abortion and gay marriage have emerged as hot issues and Pentecostal televangelists are political power brokers.
The Brazilian government will offer tax rebates for exporters beginning in October, Finance Minister Guido Mantega said on Monday, in the latest measure to help struggling businesses just days ahead of a presidential election.
Brazilian financial markets took a beating on Monday after polls showed President Dilma Rousseff pulling past challenger Marina Silva ahead of Sunday's election. The Brazilian currency closed at its weakest level since December 2008 while the benchmark Bovespa stock index notched its biggest one-day loss in over three years.
The temporary ban imposed by the Brazilian government on Vietnamese pangasius (Pangasius spp.) imports because of sanitary reasons and lack of phyto-sanitary controls, represents a great opportunity to increase Argentine hake (Merluccius hubbsi) shipments to the leading Mercosur partner.
Brazilian president Dilma Rousseff, seeking re-election next week, says she will pursue media regulation if she returns for a second term, seeking to boost pluralism without influencing editorial content, according to media reports.
Anticipating what could be policy under a second government of President Dilma Rousseff, her Trade Minister Mauro Borges told Brazilian daily Folha do Sao Paulo that opening the country to more foreign trade would be a “disaster for Brazilian industry” and lead to the “mexicanization” of the economy, in reference to the light assembly factories known as “maquiladoras” that dominate Mexico’s non-oil exports.
Brazil's jobless rate rose in August to its highest in six months despite stronger job creation, adding to signs that the economic recession is eroding a robust labor market. The non-seasonally adjusted jobless rate stood at 5.0 percent in August, up from 4.9% in July, statistics agency IBGE announced.