Brazil

• Tuesday, October 4th 2011 - 20:29 UTC

  JP Morgan Chase forecast slower growth and lower interest rates in Brazil

  

  JPMorgan Chase & Co. cut its forecast for Brazil’s economic growth and said it expects the central bank to cut interest rates more than it previously expected as global financial turmoil weighs on confidence in Latin America’s biggest economy.

• Tuesday, October 4th 2011 - 20:24 UTC

  Brazil and EU call for concerted action to face current international situation

  

  Brazil and the European Union must take concerted action to calm markets fearful of global contagion spreading from Europe's debt crisis, leaders from both sides said on Tuesday.

• Tuesday, October 4th 2011 - 20:15 UTC

  Brazil-FIFA hold a ‘positive meeting’ but negotiations are ongoing

  

  Brazilian President Dilma Rousseff had a “positive meeting” with FIFA general secretary Jerome Valcke on Monday to discuss the 2014 World Cup, Brazil's Sports Minister Orlando Silva said Tuesday.

• Monday, October 3rd 2011 - 21:43 UTC

  Overly restrictive fiscal measures unlikely to solve EU crisis, warns Rousseff

  

  Overly restrictive fiscal measures are unlikely to solve the European Union's debt crisis, Brazilian President Dilma Rousseff said on Monday in Brussels in the sidelines of the V strategic meeting between the European Union and Brazil.

• Monday, October 3rd 2011 - 08:07 UTC

  Brazil props defence industry by reducing taxes, but demands more exports

  

  Brazilian President Dilma Rousseff signed a bill exempting defence companies from taxes for five years. The measure is geared to prop the defence industry and reduce the share of imported equipment for the armed forces.

• Monday, October 3rd 2011 - 07:22 UTC

  Rousseff and Blatter to discuss disputes regarding organization of 2014 World Cup

  

  Brazilian President Dilma Rousseff plans to meet the president of soccer's world governing body on Monday to resolve a legal dispute over the 2014 World Cup, the Estado de S. Paulo newspaper reported.

• Monday, October 3rd 2011 - 05:24 UTC

  Mercosur/EU trade and Euro crisis, in President Rousseff agenda in Brussels

  

  The Mercosur-EU trade agreement is one of several issues Brazilian president Dilma Rousseff will be addressing Monday in Brussels during the fifth Brazil-EU summit. Rousseff begins in Belgium an official visit to Europe that also includes Turkey and Bulgaria.

• Saturday, October 1st 2011 - 05:54 UTC

  Brazilian president calls on Central bank for “a cycle of interest rate reductions”

  

  Brazilian President Dilma Rousseff made on Friday her strongest call yet for the central bank to continue cutting borrowing costs. At an event in Sao Paulo she said it was “inadmissible” for policy makers not to take into account the possibility of a recession and even a depression in the global economy.

• Friday, September 30th 2011 - 18:27 UTC

  Brazil primary budget surplus down in August; growth projection lowered to 3.5%

  

  Brazil’s budget surplus before interest payments narrowed in August to its lowest in nine months even as the central bank relies on fiscal policy to help fight the fastest inflation in six years.

• Friday, September 30th 2011 - 01:36 UTC

  Rio do Janeiro top cop resigns over killing of high anti-corruption profile Judge

  

  The top commander of the military police in Rio de Janeiro state in Brazil has resigned amid a scandal that linked a top officer and other policemen to the assassination of a high-profile judge.