Tag: Brazil

Saturday, May 18th 2019 - 09:57 UTC
Brazilian economy flirting with economy: “we are at the bottom of the well” says minister Guedes

Feeble growth forecasts and waning confidence in President Jair Bolsonaro sent Brazil's stocks and currency to their lowest level of the year this week, as analysts warned of further falls.
Friday, May 17th 2019 - 09:58 UTC
Bolsonaro calls protesting students in the streets, “useful idiots and imbeciles”

Tens of thousands of protesters gathered in cities across Brazil on Wednesday to rally against education spending freezes in the biggest demonstrations yet against President air Bolsonaro, who called marchers “useful idiots and imbeciles.”
Friday, May 17th 2019 - 09:56 UTC
Bolsonaro defends his accused son and tells prosecutors and the media to go after him

President Jair Bolsonaro on Thursday accused Brazilian prosecutors and the media of targeting his son in a corruption probe as an attempt to damage his administration, challenging critics to ”come at me.''
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.
Thursday, May 16th 2019 - 09:36 UTC
Massive students and teachers protests across 17 of 27 Brazilian states

Students and teachers from hundreds of universities and colleges across Brazil began a nationwide demonstration on Wednesday in “defense of education” following a raft of budget cuts announced by President Jair Bolsonaro's government.
Thursday, May 16th 2019 - 08:45 UTC
Bolsonaro's presence in Dallas triggers controversy with calls to “disinvite” the Brazilian leader

The World Affairs Council of Dallas/Fort Worth has not been deterred by activists’ and local leaders’ calls to disinvite Brazil’s controversial president, Jair Bolsonaro, from a speaking event on Thursday. Bolsonaro will be accompanied by a cadre of Brazilian politicians and will meet with business executives from across Texas, the U.S. and Brazil, said Jim Falk, the council branch’s president and CEO.
Wednesday, May 15th 2019 - 09:59 UTC
Ex Brazilian president Temer released from jail with conditions

A Brazilian court ordered former president Michel Temer's release from jail with conditions on Tuesday, less than a week after he was detained for a second time in a case related to a corruption scandal that has ensnared several high-profile South American politicians.
Wednesday, May 15th 2019 - 09:55 UTC
Brazil withdraws from hosting a Latin America climate conference next August

Brazil has withdrawn its offer to host Latin America and Caribbean climate week, a key milestone leading up to the annual UN negotiations. Initially set to take place from 19 to 23 August in Salvador, the event is part of a series of regional summits to encourage dialogue between governments and civil society, in support of national climate pledges.
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.
Wednesday, May 15th 2019 - 08:21 UTC
Services sector activity in Brazil slides 0.7% in March and 1.75% in the first quarter

Activity in Brazil’s services sector fell 0.7% in March from the month before, government statistics agency IBGE said on Tuesday, a decline far greater than expected and another strong sign that the economy contracted in the first quarter.