Brazil

Monday, May 25th 2015 - 08:00 UTC
Brazil/Uruguay expect Paraguay to join in speeding Mercosur/EU negotiations

Uruguay will be hosting Paraguayan president Horacio Cartes in early June when he is expected to confirm' his country's support to Uruguay and Brazil in their renewed approach to accelerate negotiations for the signing of a full cooperation and free trade agreement with the European Union, which were started fifteen years ago.
Monday, May 25th 2015 - 07:12 UTC
Iconic London 2012 Games symbol decorates Rio 2016 Olympics Park

The most iconic symbol of the Olympic Games is decorating the city for the Rio 2016 Games. City Hall has installed giant Olympic Rings in Madureira Park, ahead of the largest sporting event in the world.
Sunday, May 24th 2015 - 08:02 UTC
President Rousseff to face criminal complaint over 'cosmetic' accounting

Brazil´s main opposition party plans to pursue a criminal complaint against President Dilma Rousseff for 'inventive' accounting that helped shore up the country´s fiscal results in recent years.
Saturday, May 23rd 2015 - 06:27 UTC
Brazil announces US$ 22.5bn spending cuts and confirms minister Levy

Brazil finally announced its much expected budget resources reshuffle that will freeze 69.9 billion Reais (22.58 billion dollars) worth of spending on investment, education and health programs this year, limiting outlays in a bid to convince investors that President Dilma Rousseff is committed to saving the country's investment-grade rating.
Friday, May 22nd 2015 - 08:16 UTC
Brazil heading for full recession: economic activity down, unemployment up

Economic activity in Brazil tumbled in the first quarter and unemployment climbed to a near four-year high, adding to signals that a looming recession could worsen as President Dilma Rousseff reins in public spending.
Friday, May 22nd 2015 - 05:49 UTC
Brazil and Uruguay on an “urgent and necessary” redesign of Mercosur

Uruguayan president Tabare Vazquez said it was “urgent and necessary” to redesign Mercosur so as to give its members greater 'trade flexibility'. Vazquez made the statements following Thursday meeting with his peer Dilma Rousseff in Brasilia and underlined “it would be naive to admit that Mercosur as it stands currently, is satisfactory”.
Friday, May 22nd 2015 - 05:42 UTC
Lagarde preaches fiscal discipline in one of Brazil's most dangerous slums

The head of the International Monetary Fund (IMF) encouraged Brazil on Thursday to pursue fiscal discipline, saying it was needed to protect social programs benefitting the poorest members of society. IMF chief Christine Lagarde made the link during a visit to Complexo do Alemao, one of Rio's largest and most dangerous slums and an example of the challenges the country faces as it struggles with low growth and high inflation
Thursday, May 21st 2015 - 07:27 UTC
Uruguay and Brazil summit to consider a more flexible Mercosur

Uruguayan president Tabare Vazquez will be meeting his peer, Dilma Rousseff in Brasilia this Thursday to address a dense bilateral agenda, and more specifically the workings and future of Mercosur, in search for a more flexible group, open to agreements with third parties.
Wednesday, May 20th 2015 - 05:44 UTC
Beijing to the rescue of sliding Brazil: 53bn dollars in trade, finance and investment

Beijing has come to the rescue of Brazil's slumping economy with trade, finance and investment deals worth at least 53 billion dollars in energy, mining, aviation and upgrading of dilapidated infrastructure.
Tuesday, May 19th 2015 - 07:33 UTC
Chinese PM in Brasilia; Beijing prepared to invest 100bn in transport and energy

China's Premier Li Keqiang arrived in Brasilia on Monday to sign agreements on infrastructure, energy and aviation that experts say could reach 100 billion dollars. The South American tour also includes Colombia, Peru and Chile and aims to restructure China's resource-driven trade with Latin American countries by including more value-added products.