Brazil

Saturday, May 16th 2015 - 07:58 UTC
Congress upsets Rousseff: votes to boost pension benefits

Brazilian President Dilma Rousseff saw allies and members of her own Workers’ Party challenge her in Congress by voting in favor of boosting pension benefits.
Saturday, May 16th 2015 - 07:46 UTC
Levy tries to convince investors in London that Brazil slowdown is temporary

Brazilian Finance Minister Joaquim Levy said he expected the country’s economic slowdown to be temporary and that fiscal discipline remained central to ensuring the recovery as a commodity price boom waned. Addressing investors in London, Levy said fiscal discipline was needed to cushion the economy against the inflationary effects of the falling Real currency.
Friday, May 15th 2015 - 07:53 UTC
Uruguay convinced Mercosur will be more flexible regarding trade accords with third parties

Mercosur countries have reached a basic consensus to look for mechanisms that will allow individual members to negotiate trade agreements outside the block, announced Uruguay's foreign minister Rodolfo Nin Novoa, who has been leading a strong campaign (with Brazilian support) on the issue.
Friday, May 15th 2015 - 07:32 UTC
Petrobras production from pre-salt fields reaches milestone 800.000 bpd

Brazil’s Petrobras said that oil production in Santos and Campos basin pre-salt fields reached a milestone production volume of 800Mbbl/d. The volume was recorded on April 11, with 74% (590Mbbl/d) Petrobras’ share with the remainder belonging to partner companies working in different pre-salt areas.
Friday, May 15th 2015 - 07:23 UTC
Brazil waiting for 50bn dollars of Chinese support to overhaul infrastructure

China will invest 50 billion dollars to help overhaul Brazil's aging infrastructure, the government announced on Thursday, ahead of an official visit by Chinese Prime Minister Li Keqiang next week. Brazil has repeated that it was determined to overhaul its dilapidated roads, railways, airports and ports.
Thursday, May 14th 2015 - 08:34 UTC
Rousseff expected at the White House next June 30: a long delayed bilateral agenda waits

Next June 30 Brazilian President Dilma Rousseff will visit Washington D.C. to meet with President Barack Obama, a highly anticipated event given tensions between the two governments over the past two years.
Thursday, May 14th 2015 - 07:30 UTC
Brazil's austerity measures to balance the budget start moving in Congress

Brazil's Congress Lower House passed a bill on Wednesday toughening access to social security pensions, the second measure approved in a week to cut benefits in a drive to reduce a growing fiscal deficit.
Wednesday, May 13th 2015 - 08:29 UTC
Petrobras still Latam's top company but fell to second-worst performer because of corruption losses

Brazil's state oil giant Petrobras remains Latin America's top company in revenues, but has lost its position as the profit leader after posting record losses last year due to a growing corruption scandal and administrative inefficiencies, according to a new ranking of the region's 500 largest companies from digital publication Latinvex.
Monday, May 11th 2015 - 10:16 UTC
Vazquez and Rousseff meeting will address Mercosur/EU trade negotiations

Uruguay and Brazil presidents, scheduled to hold a bilateral meeting next 21 May in Brasilia will be addressing Mercosur issues, and advancing in the proposal that will allow the group's members to sign bilateral agreements with third parties not belonging to the region, thus avoiding the 'consensus' clause clamp.
Monday, May 11th 2015 - 10:11 UTC
Brazil's inflation eases in April but still well above central bank's target

Brazil's consumer price inflation slowed in April, but not enough to prevent the 12-month rate from remaining well above the central bank's target. The consumer-price index, IPCA, rose 0.71% in April, compared with a rise of 1.32% in March, the Brazilian Institute of Geography and Statistics, or IBGE, said in its latest release.