Brazilian President Dilma Rousseff on Wednesday said credit rating agency Moody's Investors Service downgraded state-controlled oil giant Petrobras' debt to junk-bond territory due to ignorance of the company's situation.
Brazilian federal Deputy for the southern state of Santa Catarina Celso Maldaner who last week visited the Falkland Islands said he wants to 'influence and push' for a commercial opening of Brazil with the Islands, since he believes there is great potential for making business particularly regarding fisheries and tourism.
HSBC singled out three large markets in the Americas, Brazil, Mexico and the U.S., as problem areas in which its businesses need to shape up or face restructuring, including possible asset sales. “We're talking of 12 to 24 months”.
Brazil needs to act quickly to stabilize its finances and get rid of measures used to stimulate growth during the global downturn in order to bolster expansion in 2016, Finance Minister Joaquim Levy said on Monday.
The Beija-Flor samba group was declared the champion of Rio de Janeiro's hotly contested Brazilian Carnival parade competition on Wednesday. However the group stoked controversy by staging a presentation focusing on Equatorial Guinea, run by Africa's longest-ruling dictator, Teodoro Obiang Nguema Mbasogo.
The government of President Dilma Rousseff is working to meet its primary budget surplus goal of 1.2% of GDP in 2015, pledged Finance minister Joaquim Levy on Wednesday to an audience of investors in New York.
Calls are growing in Brazil to impeach President Dilma Rousseff over a multi-billion dollar corruption scandal involving the state-run oil giant Petrobras. While the country celebrates its annual Carnival, with the 2015 Samba Competition wrapping up in Rio de Janeiro, there has been a growing clamor on the web and in the streets, with millions of Brazilians asking for the impeachment of their president.
Brazil's sowings of safrinha corn are to fall for the first time in seven years, Conab (National Supply Co.) said, cutting its forecast for the country's overall production of the grain, and lowering hopes for the soybean harvest too.
Brazilian foreign minister Mauro Vieira discarded that the recent agreements reached by Argentina with China can interfere with Mercosur, while his Argentine counterpart Hector Timerman said that the package of accords with Beijing will actually benefit Mercosur.
Rolls-Royce has said it does not tolerate improper business after the Financial Times reported that the firm had been accused of being caught up in a bribery scandal in Brazil. Ft reported allegations that the company paid bribes for a contract with Brazilian oil firm Petrobras.