Brazil

Brazil
Tuesday, September 30th 2014 - 01:15 UTC

Brazil suspends Vietnam pangasius import licenses because of sanitary reasons

Catfish farmed in Vietnam has often raised questions about conditions under which it is produced but has displaced other produce because of its lower price

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.

Monday, September 29th 2014 - 09:16 UTC

Rousseff pledges media regulation (but not content) if re-elected this week

Rousseff said her intention is not to influence content, but rather to break down an “asymmetrical” concentration of media ownership, described as harmful.

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.

Monday, September 29th 2014 - 08:47 UTC

Opening the economy “would be a disaster for Brazilian industry” states Rousseff minister

Trade minister Mauro Borges warned about the 'mexicanization' with 'maquiladoras' of the Brazilian economy

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.

Saturday, September 27th 2014 - 09:08 UTC

Relief for Dilma: unemployment rate in August remained at 5%

August jobless rate topped the median forecast of 4.9% in a poll of 11 economists. In August 2013, Brazil's jobless rate stood at 5.3%.

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.

Saturday, September 27th 2014 - 06:34 UTC

Marina Silva pledges to de-politicize regulatory agencies and state corporations

“Agencies have been overtaken by a political logic,” pointed out Silva adding that similar interference is weakening state-run companies like Petrobras

Brazilian presidential candidate Marina Silva vowed to de-politicize regulatory agencies that she says do more to win favor with government allies than ensure fair and efficient markets in Latin America's biggest economy.

Saturday, September 27th 2014 - 06:17 UTC

Lula da Silva the decisive campaign factor in Brazil's presidential election

Lula da Silva has been stealing headlines as the Brazilian press closely scrutinizes his campaign for Rousseff

Dilma Rousseff has stopped her erosion in opinion polls as she seeks a second term as Brazil’s president, even reversing the trend with only days left before the election, greatly thanks to her predecessor and mentor Lula da Silva.

Friday, September 26th 2014 - 07:44 UTC

Marina Silva pledges economic stability and a “fiscal responsibility council”

“We will not take chances in economic policy. We will not reinvent the wheel. Our pledge is to create an environment that attracts investments”

Former Environment Minister Marina Silva, one of the two main contenders in Brazil's Oct. 5 presidential election, said on Thursday that, if elected, she will not embark on any “adventure” in economic policies.

Thursday, September 25th 2014 - 06:44 UTC

Brazil calls for 'true reform' of Security Council and the 're-launching' of global economy

Rousseff described the current composition of the Council as “inadmissible” and urged for a reform that would give more power to emerging countries

Following the opening remarks by UN Secretary General Ban Ki-moon, Brazil’s president Dilma Rousseff was the first head of state to address the General Assembly on Wednesday. She called for a “re-launching of global economy” and a “true reform” of the UN Security Council.

Thursday, September 25th 2014 - 03:14 UTC

Brazil scrambles to support the Real; as Dilma recovers in the polls the currency falls

“The Real is facing strong downward pressure as Rousseff rises in the polls.”

Brazil’s Real advanced from a seven-month low as the central bank signaled it will maintain support for the currency when it increased the number of foreign-exchange swap contracts offered in a rollover.

Wednesday, September 24th 2014 - 15:44 UTC

Marina blasts Dilma Rousseff for not supporting UN deforestation dead line initiative

“Our president did not sign in support of protecting those forests, which is regrettable and disappointing”, said Marina Silva

Environmentalist and presidential opposition candidate Marina Silva blasted Brazilian president Dilma Rousseff for not supporting an initiative to put a deadline on deforestation supported by 32 countries this Tuesday during the Climate summit in New York.

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