Tag: brazil news

• Friday, May 17th 2019 - 09:24 UTC

  Fitch rating agency says uncertainty overflying the Brazilian economy

  

  Brazil’s push to overhaul its costly social security system is a welcome step toward healing public finances and the economy, but is not enough to stabilize public debt or trigger a positive review on the country’s credit rating, directors at rating agency Fitch said on Thursday.

• Wednesday, May 15th 2019 - 09:53 UTC

  Brazil's government cuts economic growth forecast, insists Congress must approve pensions' reform

  

  Brazil’s government will cut its 2019 economic growth forecast to below 2% and seek supplementary funding from state-run BNDES development bank to meet current expenditure and avoid breaking its fiscal rules, Economy Ministry officials said on Tuesday.

• Thursday, April 11th 2019 - 09:15 UTC

  Caimans on the loose in flash flooded Rio's favelas

  

  Residents of a hillside Rio de Janeiro favela risk finding hungry caimans at their front door after the city was hit hard by heavy flooding caused by torrential rain.