Brazil

• Saturday, January 3rd 2015 - 06:11 UTC

  Maduro and Biden shake hands and meet briefly at Rousseff's inauguration

  

  On the sidelines of the inauguration of Brazil's President Dilma Rousseff at the Planalto Palace seat of Brazil's Executive, U.S. Vice President Joe Biden met briefly with Venezuela President Nicolas Maduro in a hand-shake facilitated by Uruguay President Jose Mujica.

• Thursday, January 1st 2015 - 05:24 UTC

  Rousseff begins second term promising economic recovery and anti-corruption crusade

  

  Brazil’s President, Dilma Rousseff, 67, began her second term Thursday, January first vowing to rein in government spending to curb inflation and pull Latin America’s largest economy out of a four-year slump.

• Wednesday, December 31st 2014 - 05:42 UTC

  Hedge fund targets 54bn dollars in Petrobras bonds governed by US law

  

  Petrobras, Brazil's state-run oil company, could be declared in technical default on some of its foreign debt if bondholders pursue efforts to force it to speed up its assessment of losses in a giant corruption scandal, according to reports from Reuters.

• Wednesday, December 31st 2014 - 05:31 UTC

  Brazil limits social benefits; admits it will miss 2014 fiscal target by wide margin

  

  The Brazilian government announced it will limit unemployment and pension benefits as part of its plans to shore up depleted finances and regain investor confidence. Likewise the Central bank said that following a fourth year of low growth, Brazil will miss its fiscal target for 2014 by a wide margin.

• Wednesday, December 31st 2014 - 00:46 UTC

  Mujica and Vazquez will attend Rousseff's inauguration on January first

  

  Uruguay's president Jose Mujica and elected president Tabare Vazquez will attend the inauguration, on January first, of Brazilian president Dilma Rousseff second consecutive mandate in Brasilia. The two leaders received an official invitation from the Rousseff administration according to Uruguay's official media.

• Tuesday, December 30th 2014 - 09:49 UTC

  Brazil: Dilma facing new challenges for her second term in office

  

  Analysts agree fiscal austerity and economic growth will be among the new government's priorities.

• Wednesday, December 24th 2014 - 12:23 UTC

  Katia Abreu to become Brazil's new Minister of Agriculture

  

  Other members of cabinet announced for Dilma's next term due to start on January 1.

• Monday, December 22nd 2014 - 22:51 UTC

  UK-Brazil collaborative small-scale scientific research funded

  

  Research Councils UK announces nearly 6 million pounds in joint funding between the two countries for Research Partnerships under the Newton Fund.

• Thursday, December 18th 2014 - 21:00 UTC

  Brazil's trade balance to benefit from oil price drop

  

  Central Bank President Alexandre Tombini sees the bright side of the international trend that is causing many others a headache, because the country is a net petroleum importer.

• Wednesday, December 17th 2014 - 13:19 UTC

  Brazilian economy remains flat with similar forecast for 2015

  

  Brazil's economy contracted 0.26% in October, ending a three-month growth streak and coming in below analysts' expectations of a 0.30% expansion, reported the Central Bank.