Brazil

Brazil
Tuesday, September 2nd 2014 - 22:45 UTC

Argentina/Brazil bilateral trade drops to 2010 level. Auto industry hardest hit

 Vehicles, auto parts, tractors, engines were among the items which experienced the greatest contraction in bilateral sales

Bilateral trade between Mercosur leading partners Argentina and Brazil plummeted 27.6% in August and 22% in the last twelve months, according to Buenos Aires consultants, Abeceb. Recession in Brazil plus strict Argentine trade restrictions and slower domestic demand has contributed to the results.

Monday, September 1st 2014 - 14:05 UTC

Ascending Marina Silva ties with Dilma and polarizes the 5 October election

Silva has surged to 34% support from 21% in a previous Datafolha poll conducted before she launched her candidacy

Presidential candidate Marina Silva has widened her lead over President Dilma Rousseff to 10 percentage points in what could be a likely runoff in Brazil's October election, a survey by polling firm Datafolha showed on Friday.

Saturday, August 30th 2014 - 11:49 UTC

Marina pledges to restore Brazil credibility and limit spending below growth rate

“We will be transparent. We will not use creative methods to make the accounts look good,” she said in reference to the Rousseff administration

Opposition presidential candidate Marina Silva said that Brazil's recession is very worrying and her government would work to restore the credibility of the country's economic policies to recover investment and growth if elected. The Brazilian economy fell into recession in the first half of the year, a heavy blow for President Dilma Rousseff's already diminishing hopes of winning re-election in October.

Saturday, August 30th 2014 - 10:53 UTC

Brazil in recession; Minister Mantega blames external factors and World Cup

The worst possible news for Dilma and her re-election chances in October

Brazil has fallen into recession, further weakening President Dilma Rousseff, just weeks before voting in what will be a tough re-election battle. Brazil's national statistics institute said Friday GDP shrank 0.6% in the second quarter and revised an initially positive first quarter growth estimate down to -0.2 percent.

Saturday, August 30th 2014 - 08:24 UTC

Marina's advisors: economists graduated in Cambridge and MIT and the heir to Brazil's largest bank

Giannetti da Fonseca, Cambridge PhD, and professor from 1984 to

Two economists with graduate studies in Cambridge and Massachusetts Institute of Technology, a lawyer considered one of the most influential members of Congress and with a PhD from Oxford, plus the heir of a banking empire, the largest in Brazil, and philanthropist, are identified as the closest aides and advisors of Marina Silva, with increasing chances of becoming Brazil's next president in October.

Friday, August 29th 2014 - 06:46 UTC

Mercosur main partners in another attempt to re-launch withering economies

Kicillof is expected in Brazil to meet with his peer Mantega and Industry minister Burgos.

Argentine Economy minister Axel Kicillof left Buenos Aires on Thursday for Brazil, where he will meet with fellow ministers from the country to discuss the current situation of bilateral trade and the automotive industry.

Thursday, August 28th 2014 - 06:51 UTC

Marina leaps ahead in presidential debate; wants brightest minds to join her government

“The colorful Brazil that President Dilma has described only exists in the cinema” said Silva, vowing to shake up Brazil's politics

A surging Marina Silva took Brazilian president Dilma Rousseff to task in an election debate Tuesday night when she touted her government's achievements in improving social conditions and defending wages in the midst of global economic crisis.

Tuesday, August 26th 2014 - 07:35 UTC

Brazilian consumers’ confidence at its lowest in more than five years

Tombini said that consumer-price increases in Brazil have remained within the official “tolerance range” for 10 straight years.

Brazil's consumer confidence deteriorated sharply in August to its lowest level in more than five years, the think tank FGV said Monday. The consumer confidence index fell to 102.3 from 106.9 in July. The score was the lowest since April 2009, when it was 99.7. In July, the index had risen strongly from April's 103.8.

Saturday, August 23rd 2014 - 06:50 UTC

Brazil approves port infrastructure works for 1.73bn in Rio and Santos

Santos is one of the country's busiest ports with long queues at times of harvest

Brazil's National Port Authority and Waterways has approved 1.73bn dollars in port infrastructure works to be carried out by three local operators: steelmaker CSN, container terminal operator Santos Brazil and US food and agribusiness firm Archer Daniels Midland Company (ADM).

Friday, August 22nd 2014 - 07:07 UTC

Depressed Brazilian economy becomes focus of presidential campaign

Brazil's central bank autonomy and independence has been questioned by the opposition

With less than two months to the crucial 5 October presidential election, Brazil's Central Bank continued to battle economic turmoil increasing the credit available for commercial loans in the hope of boosting the country’s stagnant growth figures.

Advertisement

Get Email News Reports!

Get our news right on your inbox.
Subscribe Now!

Advertisement