Brazil

Brazil
Saturday, June 13th 2015 - 07:59 UTC

Rousseff and Lula da Silva try to convince the party to support austerity measures

“We are here to show that the Workers’ Party is alive and prepared for new challenges. Injured, yes, but alive,” Lula da Silva said.

Brazil's embattled president Dilma Rousseff with the help of her political mentor. Lula da Silva managed on Thursday night to plea support from the ruling Workers Party, WP, delegates for drastic spending cuts designed to restore confidence in Latin America's largest but battered economy.

Friday, June 12th 2015 - 05:05 UTC

Rousseff denies being upset with Argentina over Mercosur and trade policies

“It is very important that Mercosur stays together. Argentina is a great partner, and we have definitely not lost patience with Argentina” said Rousseff

Brazilian President Dilma Rousseff stated on Thursday in Brussels she was not upset by differences with Argentina over the trade agreement Mercosur is to sign with the European Union, despite president Cristina Fernandez administration's cold feet on the issue.

Thursday, June 11th 2015 - 04:13 UTC

Timerman waters down Mercosur/EU agreement expectations

Timerman said Argentina favored an agreement, “as long as it is beneficial for both sides and does not sacrifice one single job in Argentina.”

Argentine Foreign minister Hector Timerman affirmed that a trade deal would not be signed between Mercosur and the European Union (EU) in the second summit of the Community of Latin American States (CELAC) and the European body, which is taking place in the Belgian city of Brussels.

Thursday, June 11th 2015 - 00:41 UTC

Mercosur ready to deliver its proposal for the trade agreement with EU

“I told PM Michel that Brazil and Mercosur are ready to present their trade proposal to the EU in the coming days or weeks” underlined Rousseff

Mercosur is ready to deliver its proposal on goods, services and tariff reductions as part of the negotiations with the European Union for a trade and cooperation agreement, said Brazilian president Dilma Rousseff on Wednesday, following a meeting in Brussels with Charles Michel, Belgium's Prime minister.

Wednesday, June 10th 2015 - 06:53 UTC

Uruguay says Brazil and Paraguay are ready to sign trade accord with Europe

“Uruguay's position is well known regarding a free trade agreement between Mercosur and the European Union”, underlined Tabare Vazquez

Uruguayan president Tabare Vazquez said that Uruguay, Brazil and Paraguay are ready to sign the long delayed trade and cooperation agreement between Mercosur and the European Union. Such an agreement has become one of the cornerstones of Vazquez presidency faced with falling exports and limited markets.

Wednesday, June 10th 2015 - 06:04 UTC

Brazil launches ambitious $64bn infrastructure package to prop the economy

 “Today is an important day in my second term. We're here especially to renew our commitment to the development of our country” said Rousseff.

Brazil announced a $64 billion infrastructure spending package on Tuesday, hoping to revive its flagging economy with investment in highways, railroads, ports and airports. Businesses and analysts have long pointed to overburdened infrastructure as a drag on the world's seventh-largest economy, which pays high prices to ship the raw materials it exports.

Tuesday, June 9th 2015 - 08:20 UTC

Brazil determined to advance Mercosur/EU trade talks in this week's meeting

“Mercosur can't become an impediment for  Brazil to try other forms of insertion in other economic blocks”, underlined Monteiro

A top Brazilian minister said that Mercosur must allow member countries to sign trade agreements with third parties and called for the end to the rule which prevents such initiative. Development, Industry and Trade minister Armando Monteiro Neto made the statement during a competitiveness seminar in Rio do Janeiro a couple of days ahead of a crucial meeting in Brussels between Mercosur representatives and the European Union to address an encompassing free trade agreement.

Thursday, June 4th 2015 - 09:01 UTC

Brazil's fiscal consolidation insufficient to deal with debt levels, says Moody's

“The Rousseff administration set primary surplus targets of 1.2% GDP in 2015 and 2% in 2016...”but it is unlikely to meet those targets,” says Mauro Leos

Brazil's debt levels will continue to increase through 2016 and remain high despite the government's fiscal consolidation efforts, potentially weakening the sovereign's credit profile, says Moody's Investors Service.

Thursday, June 4th 2015 - 08:54 UTC

Despite a contracting economy Brazil increases basic interest rate to 13.75%

Minister Levy has pledged to deliver a primary surplus equal to 1.1% of GDP in 2015, a substantial improvement from last year's deficit of 0.6% of GDP

Brazil raised interest rates to the highest levels in more than six years on Wednesday, extending a tightening campaign and leaving the door open for more hikes despite concerns that steep borrowing costs could deepen an expected economic recession.

Monday, June 1st 2015 - 23:00 UTC

RSF writes to Dilma Rousseff asking for an end to murders and impunity against media personnel

The latest victim was Djalma Santos da Conceicao, radio journalist with RCA FM, in the state of Bahia, who was kidnapped and shot dead on 22 May.

Appalled by the brutal murders of two Brazilian journalists in the space of a few days, Reporters Without Borders has written to President Dilma Roussef asking her to end the prevailing impunity for crimes of violence against media personnel in her country.

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