Brazil

Thursday, October 12th 2017 - 12:10 UTC
Brazilian central bank insists on the need to limit pension spending

Brazil’s lawmakers can’t duck their responsibility to pass belt-tightening measures, central bank President Ilan Goldfajn told a Senate hearing in Brasilia this week. Reform proposals, particularly a constitutional amendment to limit pension spending, will help keep inflation low, reduce the structural interest rate and buoy the country’s overall recovery, Goldfajn said.
Wednesday, October 11th 2017 - 16:02 UTC
Auto industry in Brazil picking up: 10% sales and output growth forecasted in 2018

Auto industry leaders projected sales and output growth of more than 10% in Brazil next year at an industry event on Monday, underscoring hopes for a rebounding market as Mercedes-Benz announced new investments in bus and truck plants.
Wednesday, October 11th 2017 - 15:56 UTC
Brazilian Congress seems prepared to again save Temer from Justice charges

A Brazilian congressional report recommended on Tuesday that President Michel Temer should not face trial for obstruction of justice and membership in a criminal organization, arguing that the charges against him were unfounded.
Tuesday, October 10th 2017 - 16:45 UTC
Brazil relaunching economic ties with the African continent

Agricultural powerhouse Brazil aims to revive ties with Africa after a lull and sees a vast export market for food and manufactured goods in a continent whose population is surging, its foreign minister said.
Tuesday, October 10th 2017 - 06:07 UTC
Public funds to finance election campaigns to help fight corruption, “insufficient”

A political campaign fund set up in Brazil with public money to help fight corruption is not big enough for the country’s 2018 general election, the head of the country’s top electoral court said. Brazil’s scandal-plagued political class voted to establish the 1.7 billion Reais (US$542 million) fund to finance election campaigns after corporate donations were banned in the wake of the country’s biggest ever corruption scandal.
Tuesday, October 10th 2017 - 03:00 UTC
Brazilian political system passes a bill forcing social media outlets to censor critical content

In a move that critics say impinges on the legitimacy of democracy, the Brazilian Congress has approved legislation allowing parties and candidates to force social media outlets to censor offensive or critical content by anonymous authors.
Tuesday, October 10th 2017 - 02:55 UTC
Rio 2016 Games chairman arrested and suspended on corruption charges

The chairman of Brazil’s Olympic Committee, who helped organize the Rio 2016 Games, submitted his resignation on Saturday, saying he wanted to concentrate on defending himself against corruption charges.
Saturday, October 7th 2017 - 09:10 UTC
UK and Brazil sign MoU to enhance cooperation and promote direct investment

Apex-Brasil, the Brazilian Trade and Investment Promotion Agency, announced on Friday it has signed a Memorandum of Understanding (MoU) with the UK’s Department for International Trade (DIT) that aims to enhance cooperation to promote foreign direct investment between Brazil and the UK.
Friday, October 6th 2017 - 20:07 UTC
Brazilian police discovers 500-meter tunnel and foils record bank heist plot

Brazilian police say they have foiled a bank heist plot in which would-be robbers dug a 500-meter tunnel to a Sao Paulo branch of government-owned Banco do Brazil.
Thursday, October 5th 2017 - 10:55 UTC
Brazil' finance minister eyeing to run for president in 2018

Brazil’s Finance Minister Henrique Meirelles has hired social media experts to boost his image ahead of the 2018 election, the Sao Paulo, Brasilia and Rio do Janeiro media have anticipated, the sign yet that the former banker is seriously eyeing a run for president.