The gunning down of a string of candidates ahead of nationwide municipal elections this Sunday is stoking fears that Brazil's toxic politics are headed into dangerous new territory. The main headline from Sunday's polls is expected to be the hammering of the populist Workers' Party, which many here blame for Brazil's punishing recession and sprawling corruption scandals.
Brazil's central bank expects annual inflation to ease below the government's 4.5% target in 2017 after years of hovering well above that goal, leaving the door open for cutting some of the world's highest interest rates as early as October. The bank also held its estimate for an economic contraction of 3.1% in 2016, but it expects the economy to grow 1.3% in 2017.
This Sunday, October 2nd, ends the deadline to participate in the regional competition sponsored by the Falkland Islands government and the UK embassies in Uruguay, Brazil and Chile addressing the issue, “Why would I like to meet my neighbors from the Falkland Islands?” The competition is open to university students from the three countries and the prize is a weeklong trip to the Falkland Islands with all expenses paid.
Brazilian Senator Gleisi Hoffmann and her husband, Paulo Bernardo Silva, who both served in the ousted government of former President Dilma Rousseff, were indicted on Tuesday by the Supreme Court on corruption and money laundering charges in the Petrobras graft investigation.
A medical doctor by training, Antonio Palocci was Brazilian former president Luiz Inacio Lula da Silva's finance minister and a key player in the 2002 election campaign that put the union and PT (Workers Party) leader in the presidential seat.
Brazilian presidents Lula da Silva and Dilma Rousseff former Presidential Chief of Staff and Finance Minister Antonio Palocci was temporarily arrested on Monday morning in São Paulo as part of the 35th phase of the Lava Jato (Car Wash) Operation investigating the Petrobras corruption scandal.
U.S. Treasury Secretary Jacob Lew will urge his counterparts in Argentina, Brazil, Colombia and Mexico to press ahead with economic and fiscal reforms aimed at restoring or strengthening growth, a senior Treasury official said on Friday. Lew will be visiting the four largest Latin American economies this week beginning with Argentina on Monday, recognizing efforts by President Mauricio Macri to reintegrate Argentina into the global economy.
Brazilian president Michel Temer addressing business leaders and foreign policy experts in New York earlier this week revealed another twist to the recent political events in the country which led to the impeachment and removal of his elected predecessor Dilma Rousseff.
A consortium led by Canada's Brookfield Infrastructure has signed a deal to buy a controlling stake in a natural gas pipeline system in Brazil from Petrobras for US$5.2 billion. Under the deal, the consortium will acquire a 90% stake in Nova Transportadora do Sudeste S.A. (NTS). Petrobras will retain a 10% stake.
Brazil’s Petrobras announced it will be spending US$74.1 billion over the next five years, 25% reduction on the US$98.4 billion for the previous five years capital expenditure. This is also the company’s lowest five-year budget since 2006.