Brazil

• Thursday, October 8th 2015 - 10:21 UTC

  With Brazil contracting 3%, Latin America's economy will shrink 0.3%, says IMF report

  

  The International Monetary Fund said today that it now expects Latin America's economy to shrink 0.3% this year instead of growing 0.5%, largely due to a steep recession in Brazil and slumping commodity prices. It would be the first recession for the Latin American and Caribbean region since 2009.

• Wednesday, October 7th 2015 - 10:28 UTC

  Brazil's top electoral court will investigate Rousseff's reelection campaign for alleged 'irregularities'

  

  Brazil's top electoral authority ruled on Tuesday there are grounds to investigate irregularities in President Dilma Rousseff's re-election campaign last year. The TSE electoral court voted 5-2 on the decision. It is seeking to determine whether Rousseff and Vice President Michel Temer abused their power while in office to run the campaign, and whether illegal money was used as funding.

• Wednesday, October 7th 2015 - 10:21 UTC

  Brazil's September auto production down 42.1% compared to a year ago

  

  Brazil’s auto industry produced 174,200 units last month, down 19.5% from August and a whopping 42.1% from September 2014, the national Association of Car Manufacturers, or Anfavea, said on Tuesday.

• Wednesday, October 7th 2015 - 02:02 UTC

  The Globe with Shakespeare's “Much ado about nothing”, in Chile, Uruguay and Brazil

  

  Thanks to an alliance between the British Embassy and Corpartes, renowned British theatre company The Globe will present William Shakespeare’s ‘Much ado about nothing’ at the Centro de las Artes 660 / CA660 in Santiago de Chile. The play will be on stage from 9 to 11 October, sponsored by the British government’s GREAT Campaign.

• Tuesday, October 6th 2015 - 13:02 UTC

  Debt-overwhelmed Petrobras cuts further capital spending plans for this year and 2016

  

  Petrobras struggling with the biggest debt load among global oil firms, on Monday cut $11 billion from capital spending plans for this year and next as Brazil's currency and oil prices slump. Petrobras plans to cut 2015 investment by 11% to $25 billion from the previous $28 billion, according to a statement.

• Tuesday, October 6th 2015 - 12:16 UTC

  Rousseff government clashes with Federal Accounts Court

  

  Brazil's attorney general argued on Sunday for the removal of a judge overseeing an investigation of embattled President Dilma Rousseff's accounts, a last-minute attempt to avoid a ruling that could lead to her impeachment.

• Tuesday, October 6th 2015 - 10:42 UTC

  Rio 2016 Olympic Games budget drastically cut

  

  The organisers of the Rio 2016 Olympic and Paralympic Games are making cutbacks of up to 30% to avoid going over the $3.6bn dollars budget. Rio 2016 communications director Mario Andrada said the Brazilian public would not tolerate an overspend.

• Tuesday, October 6th 2015 - 08:11 UTC

  Brazil's GDP expected to contract 2.85% this year, says central bank survey

  

  Economists again cut their outlook for Brazil's economic performance for this year, as consumer and business confidence continue at historic low levels. Brazil's GDP is expected to contract 2.85% this year, according to a weekly central-bank survey of 100 economists, compared with expectations last week for a contraction of 2.80%.

• Monday, October 5th 2015 - 23:20 UTC

  Agricultural expansion main factor of Brazil's deforestation and it's expanding

  

  Agricultural expansion is the chief contributing factor to the deforestation of Brazilian ecosystems and has accelerated in recent years, according to an official study released last week.

• Saturday, October 3rd 2015 - 08:34 UTC

  Check-mate to Brazil's Lower House speaker: he and family have Swiss bank accounts

  

  A group of lawmakers called for the resignation of the speaker of Brazil's lower house of Congress, Eduardo Cunha, after Switzerland provided Brazilian prosecutors with details of Swiss bank accounts in his name.