Dilma Rousseff of Brazil announced Friday that she was cutting her salary by 10%, reducing the size of her cabinet and slashing thousands of coveted jobs, the NYT reports.
The Brazilian real hit a new all-time low on Tuesday after authorities announced a massive austerity package at a time when the economy is shrinking fast.
Brazil is struggling with the confluence of two separate, but interrelated crises: one economic, and the other political.
Despite protests and calls to impeach its president, Brazil is down but not out as it heads to the 2016 Olympics, says Juliana Barbassa.
Moody's cut Brazil's credit rating to near-junk status on Tuesday but said the country's coveted investment grade status is safe for now, proving some relief to President Dilma Rousseff.
The Obama administration is starting a new program to spread solar power and solar industry jobs to more Americans.
The countries agreed to measures aimed to open trade, increase infrastructure collaboration and increase the use of renewable energy.
Brazil's state-run oil giant, Petrobras, is engulfed in arguably the largest financial scandal in the country's history.
Fitch Ratings lowered its outlook for Brazil's long-term foreign and local currency issuer default ratings to "negative" from "stable."
Shell’s $69 billion bid for BG Group could increase its exposure to Brazil at a time when the country appears to be destabilizing and stagnating.
Russia, Australia and the Netherlands became the latest three countries to say they plan to join the China-led Asian Infrastructure Investment Bank.
China's Finance Ministry said on Saturday that the U.K. and Switzerland had been formally accepted as founding members of the Asian Infrastructure Investment Bank.
Major emerging markets like Brazil and Russia could be at risk of a widespread credit crisis that could impact the world’s financial markets.
Mass demonstrations across Brazil against corruption and waning economic growth have highlighted that Russia is not the only BRIC nation off track.
A shakeup at the top won't fix Petrobras' most fundamental near-term problem: a mountain of debt coupled with low oil prices.
After more bad news, Brazil's embattled Petrobras will likely affect the wider fate of the Brazilian economy.
The energy giant is engulfed in a corruption scandal that could threaten to engulf Brazil's most senior politicians.
CNBC's Michelle Caruso-Cabrera discusses how the Petrobras scandal threatens the President of Brazil Dilma Rousseff.
There could be "damaging political implications" for Brazil's President Dilma Rousseff in the fallout from the Petrobras scandal, which could also affect investors directly says Jimena Blanco, senior analyst for Latin America at Maplecroft.
October was a rough month for much of the hedge fund crowd, where many players underperformed the U.S. stock market and wound up with big losses.