Brazil

• Tuesday, October 11th 2016 - 08:49 UTC

  Month to month inflation in Brazil during September was the lowest since 1998

  

  Brazil's inflation continued its slow fall in September in a positive sign for the new government as it wrestles to end the worst recession in nearly a century. The 12 month rate fell to 8.48%, down from 8.97% August hitting its lowest level for the month since 1998.

• Tuesday, October 11th 2016 - 08:05 UTC

  Lula da Silva formally charged with corruption related to contracts in Angola

  

  Brazilian prosecutors said on Monday they had charged former President Lula da Silva and Marcelo Odebrecht, ex-CEO of engineering group Odebrecht SA, with corruption related to contracts in Angola.

• Tuesday, October 11th 2016 - 03:20 UTC

  Brazil's prosecutor office questions spending cap: fears it could limit corruption investigations

  

  Brazil’s Prosecutor-General’s Office questioned the constitutionality of President Michel Temer’s proposed public spending cap and recommended that Congress shelve the austerity measures. The office said in a statement the proposal interferes with the autonomy of other federal powers and would weaken the country’s judicial system, handicapping efforts to combat corruption.

• Monday, October 10th 2016 - 23:28 UTC

  Brazil's economy could again rank eighth world largest next year, says IMF

  

  Brazil's economy is expected to return to growth next year and with a decrease in the value of the dollar vis-a-vis the Real in recent months, the country is back on track to becoming the world's eighth largest GDP in 2017 according to the IMF. Since last year, Brazil has been ranked ninth (2 positions below its ranking in 2014) due to the recession that started at the end of 2014.

• Monday, October 10th 2016 - 11:49 UTC

  Combating inflation and austerity reforms Brazil central bank's priorities

  

  Brazilian central bank chief Ilan Goldfajn said policymakers have no set time frame to cut interest rates, even as industrial data suggested that Latin America's biggest economy may take longer than expected to emerge from recession.

• Saturday, October 8th 2016 - 10:29 UTC

  Falklands/Malvinas: Temer administration reiterates support for Argentine legitimate rights

  

  “The president of Brazil reiterated the support of his country to the legitimate rights of the Argentine Republic in the sovereignty dispute with Great Britain relative to the Malvinas, South Georgia and South Sandwich Islands and the surrounding maritime spaces”, reads point 45 of the 47-point Argentina-Brazil joint statement from 3 October, following Brazilian president Michel Temer's visit to Buenos Aires.

• Saturday, October 8th 2016 - 09:59 UTC

  WTO confirms ruling in favor of Argentina in biodiesel imports dispute with EU

  

  The World Trade Organization confirmed on appeal on Thursday its ruling partially in favor of Argentina in its dispute with the European Union over duties the bloc imposes on imported biodiesel.

• Friday, October 7th 2016 - 12:18 UTC

  Temer wins first Congressional battle with milestone bill to cap public spending

  

  A Congressional committee in Brazil approved on Thursday a constitutional amendment that would limit public spending to the rate of inflation for 20 years, handing President Michel Temer an initial victory in his plan to plug a widening deficit, which if continued at the current rate could lead to fiscal collapse and public accounts insolvency, “a repeat of the Greek tragedy”.

• Wednesday, October 5th 2016 - 19:02 UTC

  Temer´s major setback: 68% don't trust him and 39% rate his government “bad” or “terrible”

  

  President Michel Temer has not managed to convince Brazilians his government is better than that of his ousted predecessor Dilma Rousseff, and his popularity remains low, according to a poll on Tuesday. Pollster Ibope said the number of people who consider Temer's government “great” or “good” edged up to 14% from 13% in the previous survey in late June, which was conducted six weeks after he replaced Rousseff when her impeachment trial began.

• Wednesday, October 5th 2016 - 12:02 UTC

  Brazil industrial production suffers major monthly drop during August

  

  Brazil’s industrial output posted its biggest monthly drop in over four years in August, damping optimism about the country’s prospects for recovering from its worst recession in generations. Industrial production declined 3.8% in August from July in seasonally adjusted terms, the Brazilian Institute of Geography and Statistics, IBGE, said on Tuesday.