Fortress Investment Group executive Gareth Henry thinks Brazil is the best place to invest in over the next year.» Read More
BRASILIA, April 20- Brazils President Dilma Rousseff must assume her share of responsibility for the controversial purchase of a refinery in Texas by Petroleo Brasileiro SA, the former chief executive of the state-run oil company said in an interview published on Sunday.
BRASILIA, April 17- Brazil's jobless rate dropped unexpectedly in March as fewer people sought jobs, highlighting a trend that has helped keep unemployment near record lows despite weak economic growth. Brazil's non-seasonally-adjusted jobless rate declined in March to 5.0 percent from 5.1 percent in February, statistics agency IBGE said on Thursday.
SAO PAULO, April 17- Eduardo Campos, the centrist former state governor running third in Brazil's presidential race, plans to lower the tax burden and set a formula to automatically raise fuel prices at state-run oil company Petrobras if he wins the October election.
BRASILIA, April 16- Despite a mushrooming scandal at state-run oil company Petrobras and bad news on the economic front, Brazil's President Dilma Rousseff is still the hands-down favorite to win the elections in October, according to a new poll on Wednesday.
SAO PAULO, April 16- With Brazil's economy struggling, a scandal at its state-run oil company and nearly three-quarters of voters saying they want change from their government, President Dilma Rousseff looks vulnerable in her bid for re-election this October.
BRASILIA, April 15- The Brazilian government said on Tuesday it will aim for a higher fiscal savings goal for 2015, promising more austerity despite increasing worries of rising subsidies and slower growth in tax revenue as the economy flags.
BRASILIA, April 15- Brazil's growing prosperity is allowing teenagers to stay in school for longer instead of searching for jobs to support their families, boosting the country's long-term prospects but also causing some economic headaches.
RIO DE JANEIRO, April 11- The purchase of a Texas oil refinery by Brazil's state-run oil company has become a campaign issue as opponents of President Dilma Rousseff use it to attack her reputation as a no-nonsense manager and weaken her lead ahead of the October election.
SAO PAULO, April 9- Ford Motor Co opened a 400 million reais engine factory in northeastern Brazil on Wednesday, ramping up potential output even as many warn of excess capacity weighing on profits in the country's auto industry. Ford has announced 4.5 billion reais of investments in Brazil from 2011 to 2015 as it brings local offerings up to global standards.
BRASILIA, April 9- Brazil's rate of inflation in March picked up at the quickest pace in 11 years for that month, challenging the central bank's plan to stop raising interest rates soon and complicating President Dilma Rousseff's chances of re-election.
BRASILIA, April 9- Brazil's inflation rose at the fastest pace for March in 11 years, challenging a potential central bank plan to stop raising interest rates soon and complicating President Dilma Rousseff's chances of re-election. Brazil's benchmark IPCA consumer price index jumped 0.92 percent from February, topping all 37 forecasts in a Reuters poll.
BRASILIA, April 8- Brazil's presidential vote will likely delay some investment decisions this year but spending on infrastructure is expected to remain strong, a senior government official told Reuters on Tuesday.
BRASILIA, April 8- Brazil's presidential vote will likely delay some investment decisions this year but spending on infrastructure is expected to remain strong, a senior government official told Reuters.
SAO PAULO, April 7- Petroleo Brasileiro SA on Monday denied shelving plans to sell debt in local and international markets later this year because of a series of scandals regarding the Brazilian state-controlled oil producer.
BRASILIA, April 5- Support for President Dilma Rousseff is slipping among Brazilian voters who are increasingly pessimistic about their country's economy and disappointed with her performance, according to a poll published on Saturday.
Irene Mia, regional director of Latin America and the Caribbean at EIU, says investors are "confused" over economic policy in Brazil and this is holding back an economic recovery.
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.
BRASILIA/ SAO PAULO, Nov 6- Brazil's government will exclude up to 42 billion reais in public spending from the calculation of the so-called primary budget surplus this year, Finance Minister Guido Mantega said on Tuesday, in an accounting maneuver aimed at meeting a closely watched budget target.
BRASILIA/ SAO PAULO, Nov 6- Brazil's government will exclude up to 42 billion reais in public spending from the calculation of the so-called primary budget surplus this year, in an accounting maneuver aimed at meeting a closely watched budget target. However, Mantega reiterated that Brazil's government remains committed to fiscal discipline.
SAO PAULO, Nov 6- Brazilian car dealerships cut their 2012 sales forecast in half on Tuesday as short-term tax incentives boosted demand less than was expected in the world's fourth-largest auto market.