Brazil

Brazil
Thursday, March 19th 2015 - 07:32 UTC

Rousseff unveils anti corruption measures, but her approval has fallen to 13%

“We are a government that does not tolerate corruption and we have the duty and obligation to fight impunity and corruption” said Rousseff.

Brazil's Dilma Rousseff tried to get ahead of the storm of scandal bearing down on her presidency on Wednesday, unveiling a raft of anti-corruption measures she hopes will appease her critics.

Thursday, March 19th 2015 - 07:26 UTC

Uruguay's Economy minister warns about Mercosur and Brazilian situation

“There are complications at global level and very significant at regional scale, not only relative to economic affairs but also to political affairs” said Astori

Uruguay's Economy minister Danilo Astori warned about the new regional and international context, not so favorable to his country's interests as in recent years, and underlined that Mercosur is going through one of its worst moments since foundation in 1991.

Wednesday, March 18th 2015 - 08:37 UTC

Brazil coordinates efforts to guarantee supply of basic products to Venezuela

Maduro made the request personally to president Rousseff on a couple of opportunities according to Brazilian diplomatic sources

Following a request from Venezuela, the Brazilian government has acted alongside Brazilian companies to guarantee supply of basic products during Venezuela's economic crisis, according to diplomatic sources. The request was made by President Nicolas Maduro in at least two meetings with President Dilma Rousseff, in December 2014 and the day after Rousseff began her second term, on January 2.

Wednesday, March 18th 2015 - 08:28 UTC

Rousseff pledges talks with critics and admits government needs to show humility

In a closely watched speech in Brasilia, Rousseff said her under pressure government had to open “dialogue” with society and act with “humility.”

Brazilian President Dilma Rousseff pledged to hold talks with her growing number of critics and said her embattled government needed to show humility, after the Sunday massive protests erupted across the country.

Tuesday, March 17th 2015 - 07:59 UTC

Treasurer of Brazil’s ruling party formally charged in the Petrobras corruption scandal

Prosecutors have “ample proof” that Workers ‘Party Treasurer Joao Vaccari solicited donations from Petrobras ex/services chief Renato Duque and engineering firms’ executive

Brazilian prosecutors have formally charged the treasurer of the ruling Workers' Party and 26 others with corruption linked to state-run Petrobras, in the latest blow to President Dilma Rousseff from the widening scandal.

Tuesday, March 17th 2015 - 07:18 UTC

More former Petrobras top officials arrested on money laundering investigation

Former services director Renato Duque, was arrested by Brazilian federal police at his house in Rio de Janeiro, TV Globo said, amid a new round of police operations (Pic: Estadão Conteudo)

Brazilian police arrested a former Petrobras executive on Monday, in a broad kickback and money laundering investigation that has rattled some of the nation's biggest companies and political parties.

Monday, March 16th 2015 - 11:00 UTC

Peaceful massive protests against Rousseff on Sunday throughout Brazil

Sunday-s larger than expected demonstrations promise to embolden opposition parties and restive allies who are nominally part of Rousseff's ruling coalition

Over one million demonstrators marched in cities and towns across Brazil to protest a sluggish economy, rising prices and corruption, and some even calling for the impeachment of populist President Dilma Rousseff. The marches on Sunday come as Brazil struggles to overcome economic and political malaise and pick up the pieces of a boom that crumbled once Rousseff took office in 2011.

Sunday, March 15th 2015 - 02:33 UTC

Argentina will keep to its monetary policy despite a 20% devaluation of the Brazilian Real

Vanoli said that the US dollar in Argentina is at an “adequate level” to combat volatility, bring down inflation and boost growth

Argentina’s central bank governor Alejandro Vanoli said that despite the continued erosion of the Brazilian currency against the US dollar, which ended the week trading at 3.28 Real to the greenback, monetary policy will continue to manage the foreign exchange to avoid volatility and ensure economic growth.

Sunday, March 15th 2015 - 02:25 UTC

Brazil readies for Sunday’s mass protests; tepid marches in support of Dilma on Friday

Police said 12,000 people blocked one of the main avenues of Sao Paulo, marching in defense of Petrobras and worker rights threatened by belt-tightening economic policies. (Pic Reuters)

Pro-government labor unions, student organizations and social activists staged demonstrations across Brazil on Friday in support of President Dilma Rousseff, two days before mass protests planned against her administration.

Friday, March 13th 2015 - 13:24 UTC

Brazil's meats giant JBS plans no further acquisitions; about 80% of debts in dollars

“Last year we made the decision to be 100 percent hedged. We paid a heavy price at the beginning of the year ... but we had the right strategy,” Batista said.

Brazilian meats giant JBS SA plans to focus on Australia, U.S. pork operations and its processed foods division under a 2015 strategy focused on “organic expansion” rather than acquisitions, CEO Wesley Batista said on Thursday, and estimated that between 2.5 billion to 3 billion reais (806 million/967 million dollars) in capital investment will be needed this year to support the strategy.

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