Brazil suffered a recession in the first half of the year as investment plunged and the country's hosting of the World Cup suffocated economic activity.» Read More
BRASILIA, March 27- Brazil's central bank sharply raised its 2014 inflation forecast on Thursday and said it sees the economy growing at a moderate pace, signaling it may prolong its rate-hiking cycle to battle naggingly high inflation in an electoral year.
BRASILIA, March 26- Brazil will shut down one of its two nuclear power reactors for refueling and maintenance, depriving the nation of enough electricity to light up a city of about 1 million at a crucial time when it faces the prospect of power rationing due to drought.
SAO PAULO, March 26- Brazil's state-run Caixa Economica Federal plans to slow lending growth dramatically this year, in a sign the country's largest mortgage lender is seeking to preserve capital after years of rapid expansion.
BRASILIA, March 25- Brazil's lower chamber of Congress approved groundbreaking legislation on Tuesday aimed at guaranteeing equal access to the Internet and protecting the privacy of its users in the wake of U.S. spying revelations.
SAO PAULO, March 25- Brazilian state governor Eduardo Campos, a probable candidate for president in the October election, said the implementation of long-term goals for budget spending and debt reduction are necessary to restore confidence that has been eroding in Latin America's largest economy.
BRASILIA, March 24- Standard& Poor's cut Brazil's sovereign debt rating closer to speculative territory on Monday in a blow to President Dilma Rousseff, whose efforts to stir the economy from a years-long slump have eroded the country's finances. Brazil had its long-term debt rating downgraded to BBB minus, the agency's lowest investment-grade rating.
RIO DE JANEIRO, March 24- Brazil is fighting against time to avoid crippling power blackouts and electricity rationing as a drought prevents the world's most water-rich nation from recharging its hydroelectric dams.
SAO PAULO, March 21- Brazil's state-run oil firm Petroleo Brasileiro SA said the board of its distribution subsidiary had approved the dismissal of its Chief Financial Officer Nestor Cervero on Friday, according to a securities filing.
BRASILIA, March 20- Brazilian President Dilma Rousseff is holding on to her wide lead over potential rivals and would win a second term outright in the Oct. 5 general election, according to a poll published on Thursday.
BRASILIA, March 18- Brazil will drop a controversial provision that would have forced global Internet companies to store data on Brazilian users inside the country to shield them from U.S. spying, a government minister said on Tuesday.
*Beef smuggled from countries such as Brazil, India. SINGAPORE/ BEIJING, March 19- Sidestepping Beijing's import curbs, industry sources estimate hundreds of thousands of tonnes of beef from countries such as Brazil and India is being smuggled into China via neighbouring Hong Kong and Vietnam.
RIO DE JANEIRO, March 17- Brazil's social security deficit this year was underestimated by about 10 billion reais by the government, Social Security Minister Garibaldi Alves told the newspaper Valor Economico, raising questions about the country's ability to meet its fiscal savings target this year.
BRASILIA, March 13- Brazil unveiled measures on Thursday to help electricity distributors struggling with high power costs caused by drought, a move aimed at combating inflation by delaying increases in electricity rates until next year.
BRASILIA, March 13- Brazil will provide an extra 4 billion reais this year to help power distributors struggling with surging power costs caused by a drought and allow gradual electricity rate hikes next year, authorities announced on Thursday.
By 2017, global carmakers will be set up to build 6 million vehicles a year in Brazil even as local sales may struggle to pass 4 million, analysts say. "Everyone jumped on the bandwagon," said IHS Automotive analyst Guido Vildozo, citing oversized ambitions in Brazil after sales averaged 10 percent growth in the past decade.
BRASILIA, March 12- The rift between President Dilma Rousseff and her main political allies widened on Wednesday one day after they voted in Congress to look into bribery allegations leveled at Brazil's state-run oil company Petrobras.
President Dilma Rousseff, or whoever wins the election, will have to make deep budget cuts, raise taxes and take other painful steps to address Brazil's growing financial imbalances. Economists currently expect Brazil's gross domestic product to grow 1.68 percent this year, and 2 percent in 2015, according to a weekly survey by the central bank.
BRASILIA/ SAO PAULO, March 11- Brazil's lower house of Congress approved on Tuesday the creation of a special committee to monitor any probes in the Netherlands of allegations that a Dutch company paid bribes to officials at state-run oil company Petrobras.
RIO DE JANEIRO/ BRASILIA, March 6- Brazil's central bank said on Thursday it will remain vigilant to minimize the risk of high inflation despite some moderation in price increases, signaling it may not be done raising interest rates just yet.
At least two dozen heads of state were due to attend Hugo Chavez's funeral on Friday during an outpouring of grief for the charismatic but divisive Venezuelan leader who changed the face of politics in South America.