Brazil

Brazil
Monday, April 7th 2014 - 06:36 UTC

Brazil's high yield bonds again attract foreign investors

The central bank raised last week the Selic rate to 11%

Brazil’s decision to hike its key interest rate to 11%, its highest level in two years, has again started to attract investors since there are also strong hopes that Brazil’s next president to be elected in October will rein in spending and adjust macroeconomic policies.

Monday, April 7th 2014 - 06:12 UTC

Brazil Rousseff support down ahead of October election, but rivals don't benefit

 The fall reflects Brazilian public opinion fear about the economy's evolution

Brazilian President Dilma Rousseff's popularity has dipped five percentage points ahead of October's presidential elections, revealed a new poll published on Sunday. The Datafolha polling institute said 36% of respondents rated Rousseff's government as “great/good” against the 41% who gave it that rating in the firm's previous poll conducted in February.

Monday, April 7th 2014 - 05:58 UTC

Scottish oil worker killed during a carjacking incident in Rio do Janeiro

 The father of three has been living in Brazil for 16 years

The feeling of insecurity in Brazil's main cities peaked again last week when it was reported that a British oil worker had been shot dead by two men in Rio de Janeiro, a Scottish newspaper reported Saturday.

Saturday, April 5th 2014 - 05:48 UTC

The poll was completely wrong: Brazilians love their scantily dressed women

Even President Rousseff was shocked with the original interpretation of the poll

Friday came with a relief for Brazil when a leading economic pollster admitted to having committed a serious error in interpreting results released earlier saying that a majority of Brazilians supported the idea that women in revealing clothes “deserve to be attacked”.

Saturday, April 5th 2014 - 04:07 UTC

Brazilian officials claim Italian cruise vessel had crew members in 'slave-like conditions'

MSC Crociere has adamantly rejected the allegations, involving MSC Magnifica

Brazilian police say they have rescued 11 crew members working in “slave-like conditions” on an Italian cruise ship. The operation was carried out the north-eastern city of Salvador, where the MSC Magnifica had docked for the day with more than 3,000 passengers.

Friday, April 4th 2014 - 07:35 UTC

Brazilian congress strikes down new taxes on the domestic soy market

The country is the world's leading exporter of soybeans

Brazil's Congress struck down this week a proposal to impose new taxes on the internal soy market after fierce opposition from the country's agricultural sector. An amendment to apply a tax known as PIS/Cofins on soybean sales to some domestic buyers had been removed from a bill to simplify taxation of Brazilian companies abroad that was passed by the lower chamber late on Tuesday.

Friday, April 4th 2014 - 04:26 UTC

Brazil manufacturing activity expands for the fourth straight month in March

 However the pace of growth remains very modest

Brazil's manufacturing activity expanded for the fourth straight month in March, though at a meager pace as growth in new orders cooled, a private survey showed. The HSBC Purchasing Managers' Index for the Brazilian manufacturing sector rose to a seasonally adjusted 50.6 in March from 50.4 in February. The 50 mark separates contraction from expansion.

Thursday, April 3rd 2014 - 07:21 UTC

Brazil central bank raises benchmark Selic rate to 11%

The Copom will release the minutes from Wednesday's meeting April 10

Brazil's central bank raised its benchmark Selic rate to 11% from 10.75% on Wednesday, prolonging its tightening cycle after a surge in food prices that has stoked already high inflation in an election year. The bank's decision was unanimous and left the door open for possible further rate hikes.

Wednesday, April 2nd 2014 - 07:56 UTC

Brazil closes first quarter with the worst trade balance result since 1994

However in March the country managed a modest 112 million dollars surplus

The Brazilian trade balance posted a 112 million surplus in March with exports totaling 17.628 billion dollars and imports, 17.516 billion. It has been the worst result for March since 2001, when a 276.1 million deficit was recorded while the combined deficit for the first quarter of the year, 6.1bn dollars, is the worst result since records started being kept, in 1994.

Monday, March 31st 2014 - 23:20 UTC

Brazil remembers the 50th anniversary of the coup that led to 21 years of military rule

Even president Rousseff at the time a university student was arrested and tortured.

President Dilma Rousseff remembered on Monday, 31 March, those who died or disappeared fighting for the return of democracy in Brazil on the fifitieth anniversary of the miltiary coup of 1964, which lasted until 1985 and had full political support from the United States, at the time under president Lyndon Johnson.

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