Brazil

Brazil
Wednesday, October 8th 2014 - 03:43 UTC

IMF lowers Latam growth forecasts: declining exports and domestic constraints

”These worse prospects are in turn affecting confidence, demand, and growth today,” said Olivier Blanchard, head of the IMF’s Research Department

The International Monetary Fund cut its global economic growth forecasts for the third time this year, warning of weaker growth in core Euro zone countries, Japan and big emerging markets like Brazil.

Tuesday, October 7th 2014 - 05:56 UTC

Brazilian markets clearly support challenger Neves: Bovespa up 4.7%

Neves also was quick in announcing his Finance minister in case of victory, Arminio Fraga, a much respected banker

The Sao Paulo stock exchange soared 4.7% on Monday with the Bovespa index reaching 57.115 points following Sunday's presidential election when no candidate managed 50% of ballots, opening the way for a runoff between pro-business Aecio Neves and president Dilma Rousseff.

Monday, October 6th 2014 - 21:17 UTC

Dilma retained majority in Congress, theoretically, given the volatility of Brazilian parties

Neves has the third strongest group in the Lower House, and seven Senators

The multi-party coalition that currently supports Brazilian president Dilma Rousseff lost ground in Sunday's election but will keep its majority in Congress following on the results released by the country' Superior Electoral Tribunal, TSE.

Monday, October 6th 2014 - 07:51 UTC

Sao Paulo state, Brazil's largest electoral district delivers solid win for Neves party

Governor Alckim won his fourth mandate as governor, and condemned Rousseff's party to a distant third

The social-democrat (PSDB) governor from the state of Sao Paulo, Brazil's largest electoral district, Geraldo Alckim was re-elected on Sunday with 57,7% of ballots, which ensures a strong spring board for the presidential runoff between president Dilma Rousseff and her PSDB challenger on 26 October, Aecio Neves.

Monday, October 6th 2014 - 05:56 UTC

Dilma (40%) and Neves (34%) to the runoff; mathematically the opposition can win

Dilma faces a tough run off. The effectiveness of Lula da Silva at its utmost trial

Brazil's unpredictable election took another twist Sunday, with populist President Dilma Rousseff forced into a runoff race as expected, but against a center-right challenger who only surged in the final week of the campaign.

Saturday, October 4th 2014 - 10:38 UTC

Investors on edge waiting for the results of Sunday's voting in Brazil

The results on Sunday should be quick in coming since Brazil has implemented a network of electronic balloting with 507.000 voting machines

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.

Friday, October 3rd 2014 - 07:53 UTC

Latest poll shows Dilma winning the run off with seven point margin

In first-round voting that takes place on Sunday, Rousseff has 40% voter support and Silva 24%.

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.

Friday, October 3rd 2014 - 07:36 UTC

Brazil private sector wants to help Argentina in the dispute with 'holdouts'

The news was published by Ambito Financiero and involves comments from Brazilian presidential advisor Marco Aurelio Garcia

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.

Thursday, October 2nd 2014 - 07:39 UTC

Dilma and Marina fighting for the religious vote, one fifth of the Brazilian electorate

“Don't just give your vote away. Vote against the corrupt and those who want to destroy the family!”, preaches pastor Silas Malafaia

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.

Tuesday, September 30th 2014 - 04:55 UTC

Brazil will give exporters 3% tax refunds to help struggling businesses

FIESP chief Benjamin Steinbruch said manufacturers had requested support and shares Mantega's forecast that the economy will begin recovering in 2015

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.

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