Brazil’s central bank has decided to put off any signals about its 2018 interest rate decisions, the bank said on Tuesday, leaving the door open for lower rates next year as the economy recovers with inflation under control.
By Nick Cunningham of Oilprice.com - On a historic auction for deepwater oil assets in Brazil, the oil majors showed up on October 27 and bought several offshore blocks, indicating a high level of interest in the country after a major policy overhaul allowed private investment.
Brazil's Finance Minister Henrique Meirelles insisted on Monday that he is not planning to run for president and told a business meeting he could consider being a vice presidential running mate.
Brazilian President Michel Temer should be discharged today Monday from the Sao Paulo hospital where he had surgery to reduce the size of his prostate, his office said on Saturday. A previously announced meeting on Monday with Bolivian President Evo Morales will be postponed, the Foreign Ministry said.
Canada has urged the World Trade Organization to block attempts by Brazil to trigger a detailed investigation of its aerospace industry to buttress its case that subsidies to Bombardier caused “serious prejudice” to Brazil’s Embraer. The procedural move by Canada comes a month after the WTO agreed to set up a panel to investigate Brazil’s claim that Canada provided harmful aid to the CSeries jet.
Brazilian Former Lula da Silva and right-wing congressman Jair Bolsonaro would make it to a second round of voting in the 2018 presidential elections if they were held on Sunday, an Ibope poll showed.
President Michel Temer’s administration turned its attention Thursday to pressing its reform agenda, but it is unclear if it has the support to govern after convincing a small majority in Brazil's Congress not to suspend the leader and make him stand trial on corruption charges.
Brazil's President Michel Temer admits for the first time that the crucial pension reform legislation could not be passed by Congress this year. In an interview with Poder360 news website, Temer said the government had to again consult lawmakers in the government coalition, many of whom have already said they are doubtful the legislation will pass this year.
A Brazilian congressional committee on Wednesday voted against making President Michel Temer stand trial on corruption charges. The 39-26 vote by the justice committee in the lower house was non-binding but gives Temer political momentum ahead of the full chamber taking up the issue.
The Senate on Tuesday rejected a decision of Brazil's top court and returned a suspended lawmaker to his post, in what critics said was the latest self-protection move by politicians accused of corruption.