Tag: Dilma RousseffDilma Rousseff
Brazilian financial markets took a beating on Monday after polls showed President Dilma Rousseff pulling past challenger Marina Silva ahead of Sunday's election. The Brazilian currency closed at its weakest level since December 2008 while the benchmark Bovespa stock index notched its biggest one-day loss in over three years.
Brazilian president Dilma Rousseff, seeking re-election next week, says she will pursue media regulation if she returns for a second term, seeking to boost pluralism without influencing editorial content, according to media reports.
Anticipating what could be policy under a second government of President Dilma Rousseff, her Trade Minister Mauro Borges told Brazilian daily Folha do Sao Paulo that opening the country to more foreign trade would be a “disaster for Brazilian industry” and lead to the “mexicanization” of the economy, in reference to the light assembly factories known as “maquiladoras” that dominate Mexico’s non-oil exports.
Brazil's jobless rate rose in August to its highest in six months despite stronger job creation, adding to signs that the economic recession is eroding a robust labor market. The non-seasonally adjusted jobless rate stood at 5.0 percent in August, up from 4.9% in July, statistics agency IBGE announced.
Brazilian presidential candidate Marina Silva vowed to de-politicize regulatory agencies that she says do more to win favor with government allies than ensure fair and efficient markets in Latin America's biggest economy.
Former Environment Minister Marina Silva, one of the two main contenders in Brazil's Oct. 5 presidential election, said on Thursday that, if elected, she will not embark on any adventure in economic policies.
President Dilma Rousseff's main foreign affairs' advisor Marco Aurelio Garcia denied Brazil has any “imperial intentions” in reply to claims relative to Cuba from presidential opposition candidate Marina Silva.
Brazilian President Dilma Rousseff effective television campaign has started to erode Marina Silva's lead in the polls that the opposition candidate enjoyed two weeks ago and turned the race into a dead heat. The ads remind tens of millions of voters who have been lifted from poverty by social welfare programs that they could still slip backward.
Finance Minister Guido Mantega presented on Monday a package of tax measures aimed at stimulating Brazil's economy less than a month ahead of the presidential election.
The original Mercosur is over; it has been reduced to a political block with a three member board, Brazil, Argentina and Venezuela, according to Demetrio Magnoli a renowned Folha de Sao Paulo columnist who added that the 'political' Mercosur has helped the Alliance of the Pacific to advance.