Brazil

Saturday, April 14th 2018 - 11:08 UTC
Brazil's Attorney General charges presidential candidate with racism

One of the front-runners in Brazil's presidential campaign was charged with racism on Friday by the country's top prosecutor. Attorney General Raquel Dodge charged conservative deputy Jair Bolsonaro for statements comparing members of rural settlements founded by the descendants of slaves to animals. Members of the settlements are called “quilombolas” in Brazil.
Thursday, April 12th 2018 - 09:08 UTC
Sixty Brazilian members of Congress added Lula to their names

More than 60 Brazilian members of congress from the opposition Worker's Party have formally changed their names. They have added the name 'Lula', after Luiz Inacio Lula da Silva was jailed last weekend.
Thursday, April 12th 2018 - 08:56 UTC
Moody's raises Brazil's sovereign rating from negative to stable

Credit rating agency Moody's this week raised the outlook of Brazil's sovereign rating from negative to stable.
Thursday, April 12th 2018 - 07:32 UTC
UK Chief Secretary in Brazil to build relationships and promote investments

UK Chief Secretary Elizabeth Truss is this week visiting Brasilia and Sao Paulo for bilateral meetings with authorities and will follow-up on the second UK-Brazil Economic and Financial Dialogue (EFD), particularly on infrastructure. Latest figures show that bilateral trade between UK and Brazil is worth £5.4 billion a year.
Thursday, April 12th 2018 - 07:28 UTC
Brazil confirms austerity policy with the new team economic team

Brazilian President Michel Temer has officially nominated eleven new ministers, the government's official bulletin said, giving continuity to the government's reform program ahead of the general elections in October.
Wednesday, April 11th 2018 - 09:11 UTC
March inflation in Brazil almost flat at 0.09%; Selic rate expected to be cut 25 extra points in May

Brazil's monthly inflation rate slowed dramatically to a nine-month low in March, suggesting the central bank may have been too slow to signal another interest rate cut as the data continued to fall short of its inflation target.
Wednesday, April 11th 2018 - 08:47 UTC
Brazil Supreme Court delays considering change to a law that could release jailed Lula

A Justice on Brazil's Supreme Court on Tuesday ordered a delay until next week of a debate on changing a law that could, if passed, lead to the imminent release of recently jailed ex-president Luiz Inacio Lula da Silva.
Wednesday, April 11th 2018 - 08:42 UTC
Brazilian stock exchange leads the world in growth in 2018

As Brazil continues to benefit from the return of growth and curbed interest rates and inflation, the São Paulo Stock Exchange has seen an unprecedented growth curve. In addition to achieving historical highs, the Brazilian stock market beat the performance of some of the largest stock exchanges in the planet. This means more people betting on Brazilian companies and the future of the country, according to a report from the Brazilian-American chamber of Commerce.
Tuesday, April 10th 2018 - 08:55 UTC
Temer names trusted official a Mines and Energy minister, ahead of decisive privatizations

Brazil’s President Michel Temer named Wellington Moreira Franco to take over the Mines and Energy Ministry, a key portfolio that includes overseeing the proposed privatization of Centrais Eletricas Brasileiras SA (Eletrobras).
Monday, April 9th 2018 - 08:42 UTC
Lula's defense hopes for an early retrieve if Supreme Court changes a key law

Brazil's ex-president Luiz Inacio Lula da Silva, who began a 12-year jail sentence on Saturday in Curitiba, could win an early reprieve if the country's top court decides to change a key law. Marco Aurelio Mello, a judge at the Supreme Federal Tribunal (STF), said he would petition the divided court next Wednesday to revisit the current law on incarceration during appeals.