Brazil

Brazil
Thursday, February 27th 2014 - 04:47 UTC

Inter-American Development bank holds its annual meeting in Bahía

The two-day event will mark the 55th annual meeting of the IDB Board of Governors

The Inter-American Development Bank (IDB) will hold its 2014 Annual Meeting in Bahía, Brazil, March 27-30, bringing top economic and business leaders to discuss how the private sector can help boost economic and social development in Latin America and the Caribbean.

Thursday, February 27th 2014 - 04:41 UTC

Brazil raises basic interest to 10,75%; same rate as when Rousseff took office

 The bank is battling to bring inflation down to target range

Brazil's central bank raised its benchmark interest rate Wednesday to 10.75% from 10.5%, and left the door open for more rate increases while slowing the pace of the hikes. The move continues the bank's yearlong fight against inflation even as rising interest rates and the poor performance of the country's exporters jeopardize already feeble growth in an election year.

Wednesday, February 26th 2014 - 20:33 UTC

Brazil farmers want a Mercosur/EU trade agreement even leaving Argentina out

“We hope we will convince them, but maybe they will join at a later stage”, said Katia Abreu

Brazil would like free-trade talks between the European Union and Mercosur to include Argentina, but would be prepared to proceed without its regional ally if an understanding can't be reached on March 7, according to the head of Brazil's farming confederation.

Tuesday, February 25th 2014 - 21:00 UTC

Brazilian Federal police on two-day strike for better wages and working conditions

“We have reached a critical situation” said Jones Borges Leal, chairman of Brazil's national federation of federal police

Brazil's federal police started on Tuesday a two-day work stoppage to demand better wages and improved security for the World Cup.

Monday, February 24th 2014 - 22:28 UTC

Brazil and EU agree to lay an undersea cable to avoid US internet surveillance

“We have to respect privacy, human rights and the sovereignty of nations. We don't want businesses to be spied upon” said Rousseff

Brazil and the European Union agreed on Monday to lay an undersea communications cable from Lisbon to Fortaleza to reduce Brazil's reliance on the United States after Washington spied on Brasilia.

Monday, February 24th 2014 - 22:19 UTC

Rousseff and Barroso optimistic about Mercosur/EU trade talks scheduled to begin 21 March

Rousseff next to Van Rompuy and Barroso during the Brazil/EU summit

Trade negotiations between the European Union and Mercosur could move quickly once a technical meeting next month has taken place, EU Commission President Jose Manuel Barroso said after a meeting on Monday with Brazilian President Dilma Rousseff in Brussels and the European Council president Herman Van Rompuy.

Monday, February 24th 2014 - 06:42 UTC

Sao Paulo protest against World Cup and demand more hospitals and schools

Brazil's business city will host the inaugural match of the Cup

Brazilian police used tear gas and made an estimated 230 arrests on Saturday evening to disperse a protest in Sao Paulo ahead of the World Cup. Among those arrested in Brazil's business hub, which will host the opening match of the World Cup on June 12, were five journalists, O Estado de Sao Paulo daily reported.

Monday, February 24th 2014 - 05:14 UTC

Rousseff consolidates as favorite to win re-election in October

The president has regained lost support and now enjoys 47% vote intention

Brazil's President Dilma Rousseff remains the favorite to win re-election in October with a comfortable lead over possible contenders, according to a poll published Sunday. The Datafolha polling institute said Rousseff has recovered much of the support she had lost in the wake of mass street protests in the middle of last year.

Saturday, February 22nd 2014 - 06:06 UTC

Dilma invites the pope to the World Cup and presents him with a 'verde-amarella' jersey

The number 10 jersey from Brazilian football greatest Pele

Pope Francis received Friday in a private audience Brazilian President Dilma Rousseff, who formally invited the Argentine pontiff to visit her country during the World Cup soccer championship, which begins June 12.

Friday, February 21st 2014 - 07:12 UTC

Brazil announces budget spending cuts to meet primary budget surplus

Mantega and Belchior making the announcement

Brazil's government on Thursday announced 44 billion Reais (18.41 billion dollars) in spending cuts as it seeks to meet its primary budget surplus target for 2014. This year's cuts exceed the 38 billion Reais (some 15.9 billion) in budget reductions announced in 2013 and extend to all government departments except education, health, social development, and science and technology.

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