Tag: Brazil

• Monday, October 6th 2014 - 21:17 UTC

  Dilma retained majority in Congress, theoretically, given the volatility of Brazilian parties

  

  The multi-party coalition that currently supports Brazilian president Dilma Rousseff lost ground in Sunday's election but will keep its majority in Congress following on the results released by the country' Superior Electoral Tribunal, TSE.

• Monday, October 6th 2014 - 07:51 UTC

  Sao Paulo state, Brazil's largest electoral district delivers solid win for Neves party

  

  The social-democrat (PSDB) governor from the state of Sao Paulo, Brazil's largest electoral district, Geraldo Alckim was re-elected on Sunday with 57,7% of ballots, which ensures a strong spring board for the presidential runoff between president Dilma Rousseff and her PSDB challenger on 26 October, Aecio Neves.

• Monday, October 6th 2014 - 06:00 UTC

  World Cup '94 striker Romario elected Senator in Brazil

  

  Brazilian striker-turned-politician Romario was elected on Sunday to the senate with 63.4% of the vote for the Rio de Janeiro seat. The 48-year-old former soccer star -- a 1994 World Champion and Socialist Party candidate -- finished well ahead of Democratic Party rival Cesar Maia, who had received 20.5% with 90% of votes counted.

• Saturday, October 4th 2014 - 10:38 UTC

  Investors on edge waiting for the results of Sunday's voting in Brazil

  

  Latin American currencies weakened on Friday after strong U.S. jobs data was seen as increasing the likelihood of higher interest rates in the world's largest economy, while Brazil markets fluttered in the last trading session before Oct. 5 elections.

• Friday, October 3rd 2014 - 07:36 UTC

  Brazil private sector wants to help Argentina in the dispute with 'holdouts'

  

  According to Argentina's leading and most influential financial newspaper, Ambito Financiero, Brazil, via the private sector could come to the rescue of Argentina in its ongoing dispute with the speculative funds in the New York court presided by Judge Thomas Griesa.

• Tuesday, September 30th 2014 - 04:55 UTC

  Brazil will give exporters 3% tax refunds to help struggling businesses

  

  The Brazilian government will offer tax rebates for exporters beginning in October, Finance Minister Guido Mantega said on Monday, in the latest measure to help struggling businesses just days ahead of a presidential election.

• Tuesday, September 30th 2014 - 04:40 UTC

  Brazils' Bovespa and Real plunge as Dilma climbs in polls with less than a week to election

  

  Brazilian financial markets took a beating on Monday after polls showed President Dilma Rousseff pulling past challenger Marina Silva ahead of Sunday's election. The Brazilian currency closed at its weakest level since December 2008 while the benchmark Bovespa stock index notched its biggest one-day loss in over three years.

• Tuesday, September 30th 2014 - 01:15 UTC

  Brazil suspends Vietnam pangasius import licenses because of sanitary reasons

  

  The temporary ban imposed by the Brazilian government on Vietnamese pangasius (Pangasius spp.) imports because of sanitary reasons and lack of phyto-sanitary controls, represents a great opportunity to increase Argentine hake (Merluccius hubbsi) shipments to the leading Mercosur partner.

• Monday, September 29th 2014 - 09:16 UTC

  Rousseff pledges media regulation (but not content) if re-elected this week

  

  Brazilian president Dilma Rousseff, seeking re-election next week, says she will pursue media regulation if she returns for a second term, seeking to boost pluralism without influencing editorial content, according to media reports.

• Monday, September 29th 2014 - 08:47 UTC

  Opening the economy “would be a disaster for Brazilian industry” states Rousseff minister

  

  Anticipating what could be policy under a second government of President Dilma Rousseff, her Trade Minister Mauro Borges told Brazilian daily Folha do Sao Paulo that opening the country to more foreign trade would be a “disaster for Brazilian industry” and lead to the “mexicanization” of the economy, in reference to the light assembly factories known as “maquiladoras” that dominate Mexico’s non-oil exports.