Brazil

Brazil
Wednesday, November 12th 2014 - 06:38 UTC

Rousseff tells Congress it will miss the fiscal target; resigning minister calls for a “shock of credibility”

Dilma's request for a more flexible target reflects the weak state of Brazil finances after a series of tax cuts and high public spending reduced savings

Brazilian President Dilma Rousseff on Tuesday asked Congress to allow the government to deduct all of its investments and tax exemptions from a key 2014 fiscal target, effectively lowering a goal that it will miss for the third straight year.

Tuesday, November 11th 2014 - 10:04 UTC

Violent crime costs Brazil 5.4% of GDP; 2.212 people dead in police operations

The annual report said 490 police officers were murdered last year, 43 more than in 2012, while over the past five years, 1,170 officers have been killed.

Violent crime cost Brazil 258 billion Reais (about 100 billion dollars) in 2013, a figure equivalent to 5.4% of the country's GDP, according to the new Brazilian Public Safety Annual Report, in which it is stated that an average of six people died in police operations each day during the year.

Tuesday, November 11th 2014 - 04:16 UTC

Unasur ready to help Venezuela organize a “major social pact” to overcome the current situation

Samper met with Dilma Rousseff and apparently addressed the Venezuelan situation

Venezuela needs a 'major social agreement' to adjust its economy and overcome the current and persistent political conflicts in the country, said Ernesto Samper, chairman of Unasur (Union of South American Nations) during a visit to Brasilia.

Saturday, November 8th 2014 - 09:37 UTC

Relief for Petrobras: Dilma allows increase in gasoline and diesel prices

The cost of gasoline at the refinery gate rose 3% and diesel 5% midnight (0200 GMT) Friday, Petrobras said in a statement.

Brazil raised domestic wholesale gasoline and diesel prices for the first time in more than 11 months effective Friday in a move to bolster the finances of the heavily indebted Petrobras oil and gas company after years of refining losses.

Friday, November 7th 2014 - 22:44 UTC

Despite Rousseff, extreme poverty grows for the first time in a decade

Between 2001 and 2012 Brazil cut extreme poverty from 14% of the population to 3.5%, according to the United Nations State of Food Insecurity report

The number of Brazilians living in extreme poverty grew for the first time in a decade, according to government figures. The Institute of Economic Research reported that the number of people in households with incomes below the poverty threshold of 30 dollars rose from 10.1 to 10.5 million people, which means a 3.7% increase.

Wednesday, November 5th 2014 - 04:06 UTC

“Mercosur and Pacific Alliance are not contradictory competing blocks”

Minister Cespedes is confident that Mercosur and the Pacific Alliance are consistent in their integration goal

Mercosur and the Pacific Alliance are not contradictory competing blocks, and can advance towards a mutually beneficial convergence, said Chile's Economy minister Luis Felipe Cespedes during a trade and investment promotion seminar in Brazil.

Tuesday, November 4th 2014 - 09:22 UTC

Brazil with the largest trade deficit for October in 16 years

China was the largest customer for Brazilian exports in the first 10 months of 2014, with purchases worth 36.7 billion

Brazil ran a trade deficit of 1.17 billion last month, the largest shortfall for October in 16 years, the government said on Monday. Imports totaled 19.5bn, while exports amounted to 18.3bn, the Ministry of Development, Industry and Foreign Trade said in a report.

Tuesday, November 4th 2014 - 04:53 UTC

Bankers' names for Finance minister in Rousseff's next government

Trabuco Cappi is the CEO of Brazil's second largest private bank

Brazilian banker Luiz Carlos Trabuco Cappi, president of Bradesco, turned down an invitation from president Dilma Rousseff to occupy the Finance ministry as of next January first. According to the Sao Paulo financial publication Valor, there was no insistence on the issue from political sources.

Monday, November 3rd 2014 - 11:14 UTC

President Dilma Rousseff's re-election exposes a divided Brazil

“I do not think these elections have cut the country in two,” Rousseff insisted after her win.

The re-election of President Dilma Rousseff's in Brazil has exposed a deeply divided country with an overwhelming support for the incumbent in the impoverished northeast, where millions receive benefits from huge welfare programs the ruling Workers Party (PT) has rolled out over the past decade.

Monday, November 3rd 2014 - 09:11 UTC

Argentina and Brazil elected to the UN Economic and Social Council

ESOCOC has 54 members which are elected respecting a regional balance

Argentina and Brazil were elected by the United Nations General Assembly as members of the UN Economic and Social Council, ESOCOC for a period of three years beginning next January first. Argentina received 182 out of 186 votes.

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