Brazil

Tuesday, September 15th 2015 - 09:40 UTC
Lula 'intimately' wants Dilma removed from office, says O Estado de Sao Paulo

Former Brazilian president Lula da Silva, “intimately celebrates” a possible political action that would remove president Dilma Rousseff from the Planalto Palace, according to one of the country's most respected and serious dailies, O Estado de Sao Paulo.
Monday, September 14th 2015 - 10:24 UTC
Folha: “President Rousseff's last chance to save her government”

Brazilian President Dilma Rousseff has one last chance to stem a growing political and economic crisis before being forced to step down, one of the country's leading daily newspapers said on Sunday.
Saturday, September 12th 2015 - 11:05 UTC
Police want to question Lula da Silva on Petrobras; request to the Supreme Court

Brazilian police have asked the Supreme Court for permission to question former president Lula da Silva, who they say may have benefited from the corruption scandal roiling state oil giant Petrobras.
Friday, September 11th 2015 - 09:41 UTC
Brazilian Real falls to its lowest against the dollar since 2002; central bank injected funds

A day after Standard & Poor’s slashed Brazil’s credit rating to junk, the Brazilian Real lost close to 2% by the end of the day to 3.865 per dollar—its weakest level since 2002. In an effort to stem the decline, Brazil’s central bank injected $1.5 billion into the financial system Thursday.
Friday, September 11th 2015 - 09:33 UTC
Cristina Fernandez wants Argentina in BRICS and asks Lula da Silva to act as the lobbyist

President Cristina Fernández called on Brazil’s former president Lula da Silva to become Argentina’s “ambassador” to help it join the group of emerging countries known as BRICS, acronym for Brazil, Russia, India, China and South Africa. Lula is currently campaigning in support of incumbent presidential candidate Daniel Scioli, and the so called 'Kirchner' model that 'transformed Argentina'.
Thursday, September 10th 2015 - 08:50 UTC
Business lobbies feeling the pinch, impatient with Rousseff's budget cuts

After months of trying to shore up Brazil's public finances, President Dilma Rousseff now faces political and business pressure to ease up on painful austerity measures in a country long hooked on the helping hand of a big state.
Thursday, September 10th 2015 - 08:33 UTC
Lula da Silva campaigns for Scioli and is full of praise for Cristina Fernandez and the 'K' model

Brazil's popular but scandal-weary former leader Lula da Silva endorsed Argentina's ruling party presidential candidate on Wednesday, identifying Daniel Scioli's credentials with the political left, and hoping the current project “that began in 2003 is re-elected”. The former president was also full of praise for president Cristina Fernandez.
Thursday, September 10th 2015 - 07:52 UTC
Brazil loses investment-grade credit rating, with outlook remaining negative

Standard & Poor's has stripped Brazil of its investment-grade credit rating, further hampering President Dilma Rousseff's efforts to regain market trust and pull Latin America's largest economy out of recession.
Wednesday, September 9th 2015 - 08:10 UTC
No end to Brazil's bad news: two consecutive years of recession ahead

Analysts expect Brazil's economy to contract by 2.44% this year, marking the worst performance since 1990, and inflation will hit 9.29%, the Central Bank said Tuesday. The latest figures represent a downward revision from last week, when analysts expected Latin America's largest economy to contract by 2.26% and inflation to come in at 9.28%.
Tuesday, September 8th 2015 - 08:54 UTC
Brazil confident it can stand 'first period of volatility' if Fed raises rates

Brazil is well prepared to cope with any market volatility resulting from a U.S. interest rate rise, Finance Minister Joaquim Levy said on Monday. The minister told a meeting in Madrid that Brazil's banks were well capitalized and the country has large foreign exchange reserves.