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Brazil

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  • RIO DE JANEIRO, Oct 24- Brazil's financial markets rose on Friday following a four-day slump sparked by polls showing President Dilma Rousseff is poised to defeat market-favorite candidate Aecio Neves in Sunday's presidential elections. "What happened is that they exaggerated yesterday," said Paulo Celso Nepomuceno, a strategist with Coinvalores, a...

  • DIARY - Emerging Markets Economic Events to Nov 4 Thursday, 23 Oct 2014 | 8:02 PM ET

    Oct 24- For other related diaries, please. COLOMBO- Sri Lankan President and Finance Minister Mahinda Rajapaksa presents 2015 budget in the parliament. SEOUL- South Korea's Central Bank Governor Lee Ju- yeol and Finance Minister Choi Kyung- hwan will appear before lawmakers.

  • MATEUS LEME, Brazil, Oct 23- President Dilma Rousseff looks positioned to narrowly win a second term on Sunday thanks to a slight rebound in the economy and her success in portraying her rival as an elitist who would take Brazil back to a more heartless era. But the overall momentum has been in Rousseff's favor, thanks to swelling support from Brazil's...

  • Brazil race hinges on appeal to lower middle class Thursday, 23 Oct 2014 | 12:02 AM ET

    In one corner, owner Lucia Helena Silva was loudly arguing for President Dilma Rousseff and her Workers' Party, waving a hot straightening iron. A customer, primping her carefully coiffed hair, was having none of it, insisting that center-right opposition candidate Aecio Neves would revitalize Brazil's pallid economy. The tightest and most unpredictable...

  • AP PHOTOS: Brazil's poor, Rousseff's solid support Thursday, 23 Oct 2014 | 12:00 AM ET

    RIO DE JANEIRO— Children play amid tumbledown shacks in some of Rio de Janeiro's poorest hillside "favela" slums, places where armed drug traffickers lay down the law, stray bullets fly and raw sewage oozes into the streets. This Sunday, they get a chance to make their voice heard when they join in the second round of voting for president, and they're expected to...

  • BRASILIA, Oct 22- A Brazilian court has approved a bankruptcy protection petition filed by MMX Sudeste Mineracao SA, an iron-ore mining company controlled by Brazilian tycoon Eike Batista, the company said on Wednesday in a securities filing. The decision was taken by a court in Belo Horizonte in the Minas Gerais state. MMX Sudeste holds nearly all the...

  • BELO HORIZONTE, Brazil, Oct 22- The two candidates in Brazil's presidential election runoff on Sunday grew up just seven blocks apart, attending the same elite tennis club, watching movies at the same theater and strolling through the same leafy plazas during the 1960 s. Today, President Rousseff and Senator Neves are fighting for votes in their hometown of Belo...

  • IAPA: Press freedom deteriorating in the Americas Tuesday, 21 Oct 2014 | 1:40 PM ET

    SANTIAGO, Chile— Freedom of expression and the press have sharply deteriorated in the Americas over the last six months due to an increase in censorship and physical attacks on journalists, the Inter American Press Association said Tuesday. Journalists suffered violence in almost every country in the region, including Venezuela, where some were attacked by...

  • SAO PAULO/ RIO DE JANEIRO, Oct 21- Brazil's stocks and currency sold off for a second straight session on Tuesday after opinion polls showed market-favorite candidate Aecio Neves losing momentum ahead of Sunday's presidential elections. Neves, who has promised to implement business-friendly policies to boost Brazil's flagging economy, lost a slight edge...

  • Luiz Inacio Lula da Silva, 68, is back on the campaign trail after a brief hiatus, hoping that a burst of his signature charisma and rapport with the poor will be enough to push his chosen successor, President Dilma Rousseff, to a re-election victory in a closely fought runoff vote on Sunday. Recent polls have shown Rousseff neck-and-neck with Aecio Neves of the...

  • BRASILIA, Oct 19- Opposition candidate Aecio Neves is heading into the final week of Brazil's presidential race with a razor-thin lead in polls, but it's the incumbent Dilma Rousseff who appears to be gaining momentum in the homestretch. After a sudden surge before and after the first-round vote on Oct. 5, Neves is struggling to retain the momentum that gave him a...

  • Long-term investors ready to buy Brazil after election Friday, 17 Oct 2014 | 10:35 AM ET

    RIO DE JANEIRO/ SAO PAULO, Oct 17- Long-term foreign investors are growing more optimistic about Brazil no matter who wins this month's presidential election but they say an opposition victory could unleash a flood of new money. Rousseff's economic policies have been roundly criticized by investors for tipping Brazil into a recession while damaging...

  • Oct 16- Chicago grain and soybean futures rose on Thursday on technical buying, rebounding from losses in the previous session that were due to forecasts for favorable harvest weather in the week ahead. The CBOE volatility index, the fear gauge of financial markets, hit its highest level since November 2011 and the S&P 500 and Nasdaq briefly fell into negative...

  • *Faltering euro zone economy, slower growth in China pose biggest risks. Indeed, the biggest danger for the world economy in the coming year is deflation or another recession in the euro zone, followed closely by the risk of slower growth in China, according to polls conducted globally over the past week. "Especially, the recent weakening of growth in emerging...

  • BRASILIA/ RIO DE JANEIRO, Oct 16- An iron-ore mining company controlled by Brazilian tycoon Eike Batista filed for bankruptcy on Wednesday, the third time in a year that a unit of the former billionaire's EBX industrial group has sought protection from creditors. MMX Sudeste Mineracao SA, the company that made the petition, holds nearly all the significant...

  • BRASILIA, Oct 15- The main subsidiary of Brazilian tycoon Eike Batista's iron ore mining company MMX Mineracao e Metalicos SA filed a bankruptcy protection petition before a Brazilian court on Wednesday. MMX Sudeste Mineracao SA, the unit that holds MMX's main mining assets, made the request after negotiations with creditors and efforts to seek new investors...

  • BUSINESS-NEWS-SCHEDULE AT 1830 GMT / 2:30 PM ET Wednesday, 15 Oct 2014 | 2:38 PM ET

    NEW YORK- Stocks plunge and the dollar slumps after the latest inflation data from the United States and China fan concerns about a global slowdown, driving investors into safe-haven government debt. -USA- ECONOMY/FED, expect by 2000 GMT/ 4 PM ET, by Howard Schneider, 350 words. WASHINGTON- The Federal Reserve is considering the use of its annual test on big banks as...

  • BRASILIA, Oct 14- Brazil will maintain plans to raise domestic fuel prices this year, despite a sharp drop in international crude oil prices, to help debt-laden state-run oil company Petrobras, a government source said on Tuesday. The price of gasoline on the international market has slipped below the domestic price of the fuel in Brazil, Credit Suisse said in a...

  • SAO PAULO, Oct 13- Under pressure in Brazil's closest election race in decades, President Dilma Rousseff is centering her campaign around a familiar bogeyman- an 83- year-old former president associated with a more turbulent, elitist era. In numerous TV ads and speeches, Rousseff has warned that a vote for her opponent in the Oct. 26 runoff vote, centrist Senator...

  • SAO PAULO, Oct 12- Business-friendly opposition candidate Aecio Neves received a crucial boost in Brazil's presidential election race on Sunday with the endorsement of popular environmentalist Marina Silva two weeks before his runoff against incumbent Dilma Rousseff. He needs the support of most of Silva's supporters if he is to defeat the leftist...