Brazil

Thursday, March 19th 2015 - 07:26 UTC
Uruguay's Economy minister warns about Mercosur and Brazilian situation

Uruguay's Economy minister Danilo Astori warned about the new regional and international context, not so favorable to his country's interests as in recent years, and underlined that Mercosur is going through one of its worst moments since foundation in 1991.
Wednesday, March 18th 2015 - 08:37 UTC
Brazil coordinates efforts to guarantee supply of basic products to Venezuela

Following a request from Venezuela, the Brazilian government has acted alongside Brazilian companies to guarantee supply of basic products during Venezuela's economic crisis, according to diplomatic sources. The request was made by President Nicolas Maduro in at least two meetings with President Dilma Rousseff, in December 2014 and the day after Rousseff began her second term, on January 2.
Wednesday, March 18th 2015 - 08:28 UTC
Rousseff pledges talks with critics and admits government needs to show humility

Brazilian President Dilma Rousseff pledged to hold talks with her growing number of critics and said her embattled government needed to show humility, after the Sunday massive protests erupted across the country.
Tuesday, March 17th 2015 - 07:59 UTC
Treasurer of Brazil’s ruling party formally charged in the Petrobras corruption scandal

Brazilian prosecutors have formally charged the treasurer of the ruling Workers' Party and 26 others with corruption linked to state-run Petrobras, in the latest blow to President Dilma Rousseff from the widening scandal.
Tuesday, March 17th 2015 - 07:18 UTC
More former Petrobras top officials arrested on money laundering investigation

Brazilian police arrested a former Petrobras executive on Monday, in a broad kickback and money laundering investigation that has rattled some of the nation's biggest companies and political parties.
Monday, March 16th 2015 - 11:00 UTC
Peaceful massive protests against Rousseff on Sunday throughout Brazil

Over one million demonstrators marched in cities and towns across Brazil to protest a sluggish economy, rising prices and corruption, and some even calling for the impeachment of populist President Dilma Rousseff. The marches on Sunday come as Brazil struggles to overcome economic and political malaise and pick up the pieces of a boom that crumbled once Rousseff took office in 2011.
Sunday, March 15th 2015 - 02:33 UTC
Argentina will keep to its monetary policy despite a 20% devaluation of the Brazilian Real

Argentina’s central bank governor Alejandro Vanoli said that despite the continued erosion of the Brazilian currency against the US dollar, which ended the week trading at 3.28 Real to the greenback, monetary policy will continue to manage the foreign exchange to avoid volatility and ensure economic growth.
Sunday, March 15th 2015 - 02:25 UTC
Brazil readies for Sunday’s mass protests; tepid marches in support of Dilma on Friday

Pro-government labor unions, student organizations and social activists staged demonstrations across Brazil on Friday in support of President Dilma Rousseff, two days before mass protests planned against her administration.
Friday, March 13th 2015 - 13:24 UTC
Brazil's meats giant JBS plans no further acquisitions; about 80% of debts in dollars

Brazilian meats giant JBS SA plans to focus on Australia, U.S. pork operations and its processed foods division under a 2015 strategy focused on “organic expansion” rather than acquisitions, CEO Wesley Batista said on Thursday, and estimated that between 2.5 billion to 3 billion reais (806 million/967 million dollars) in capital investment will be needed this year to support the strategy.
Friday, March 13th 2015 - 12:03 UTC
Brazil's Levy says austerity measures are more important than a weak currency

Brazil's economic growth depends more on the approval of austerity measures needed to rebuild investor confidence than on a weaker currency, Finance Minister Joaquim Levy told O Globo newspaper.