Tag: Dilma RousseffDilma Rousseff
The reading of consumer confidence dropped in Brazil in January--to its lowest level ever--as the country's economy struggled. Brazil's main consumer-confidence index was at 89.8 points in January, down from 96.2 points in December, the Getulio Vargas Foundation, or FGV, said earlier this week.
Brazil's President Dilma Rousseff has urged her cabinet to embrace fiscal belt-tightening and other measures aimed at restoring business confidence and growth in her second term.
Rolling blackouts swept across parts of Brazil as the grid operator ordered select power cuts to avoid a larger crisis, drawing attention to a fragile electric system that is buckling under the strains of record-breaking heat and dryness.
President Dilma Rousseff expressed Saturday her dismay and indignation after learning of the execution of Brazilian Marco Archer Cardoso Moreira in Indonesia and recalled her country's ambassador to Jakarta for consultations.
The corruption scheme in Brazil's leading corporation Petrobras could exceed 28 billion dollars, making it the largest corruption scandal that the country has ever seen. The development was reported through an interview by Reuters of Brazilian police officer, Erika Marena, investigating the corruption probe.
Brazilian President Dilma Rousseff has instructed a budget cut which affects 39 ministries, reducing their funds by a third, in order to save a figure estimated at 703 million dollars per month.
Brazil must focus on making difficult fiscal adjustments in order to get economic growth and investment back in gear, the country's new Finance Minister Joaquim Levy said on Monday. At his swearing-in ceremony in Brasilia, Levy said the process will require the participation of society as a whole and will involve changes to taxes and spending, without resorting to accounting shortcuts.
Argentine President Cristina Fernandez, who is suffering from a broken ankle, left on Tuesday afternoon for Calafate in Santa Cruz province, after doctors allowed her to travel. She plans to spend New Year with the family and in good spirits twitted about the authorization, presented her smallest pet, a toy-caniche Lolita and announced that small pets will be allowed to travel in all domestic Aerolineas and Austral flights.
Analysts agree fiscal austerity and economic growth will be among the new government's priorities.
Brazilian prosecutors formally charged executives from six of the country's largest engineering firms with forming a cartel to funnel kickbacks from state-run oil firm Petrobras to the ruling political party and its allies.