Results for Brazil
- Brazil’s Economic Crisis Beats the Emerging Middle Class Back Down
A spiraling economic crisis has pushed Brazil’s emerging middle class to the brink, The Wall Street Journal reported. Urban unemployment rose to 7.6% in September, tied with August for the highest rate in more than five years. Inflation approaching 1 ...
Daily Headline - global.abi.org - 11/09/2015 - 21:58 - 0 comments
- Credit Suisse's Brazil CEO Sees Crisis Dragging On for Years
In Brazil, many captains of finance are unwilling to risk upsetting the government by expressing their concerns publicly about the country’s economic crisis. Don’t put Jose Olympio Pereira in that group. Just seconds into an interview in Sao Paulo last w ...
Daily Headline - global.abi.org - 11/05/2015 - 21:17 - 0 comments
- Brazil President’s Own Party Resists Her Austerity Plans
Brazilian President Dilma Rousseff, who is struggling to get the country’s Congress to pass legislation meant to curb a widening budget gap, faces more resistance from members of her own party than almost any other grouping, according to a recent survey ...
Daily Headline - global.abi.org - 11/03/2015 - 20:29 - 0 comments
- Brazil’s Ruling Party Turns on Finance Minister Joaquim Levy
Embattled Brazilian President Dilma Rousseff has long been criticized by business interests for her economic policy as growth sputtered, budget deficits ballooned and inflation and interest rates soared. But now she facing increasingly strident calls for ...
Daily Headline - global.abi.org - 10/21/2015 - 21:39 - 0 comments
- Brazil's Next Big Crisis Is Scaring Bankers and Wiping Out Jobs
In the smog-filled, run-down industrial hubs that ring the southern end of Sao Paulo, Brazil’s next big crisis is taking root, Bloomberg News reported. The labor market, long the country’s lone economic bright spot as growth stagnated, is suddenly deteri ...
Daily Headline - global.abi.org - 10/14/2015 - 21:14 - 0 comments
- Brazil’s President Takes Steps on Austerity
President Dilma Rousseff of Brazil announced Friday that she was cutting her salary by 10 percent, reducing the size of her cabinet and slashing thousands of coveted jobs for political appointees in an effort to build support for broader austerity measur ...
Daily Headline - global.abi.org - 10/04/2015 - 16:52 - 0 comments
- Insolvency On Brazil Electricity Market Grows
Insolvency on the Brazilian electric energy market has spread to critical levels, energy traders said on Tuesday, as hydroelectric generators balk at hefty bills for which the local regulator says they are on the hook, Reuters reported. After nearly two ...
Daily Headline - global.abi.org - 09/29/2015 - 18:46 - 0 comments
- Bill and Melinda Gates Foundation Sues Petrobras, Auditor for Fraud
The Bill and Melinda Gates Foundation is suing Brazil’s Petróleo Brasileiro SA and its auditor in a New York court, claiming a vast corruption scheme centered on the state-run oil company caused the charitable organization to lose tens of millions of dol ...
Daily Headline - global.abi.org - 09/27/2015 - 20:42 - 0 comments
- Brazil Bargains Beckon After S&P Downgrades To ‘Junk’
By backpedalling on its budget promises during the past month, the government has cost Brazil its prized investment-grade credit rating and sent its currency, the real, plummeting against the dollar as bond spreads soar, the Financial Times reported. ...
Daily Headline - global.abi.org - 09/17/2015 - 21:16 - 0 comments
- Tombini Signals Brazil to Keep Rate on Hold Despite Junk Status
Central bank President Alexandre Tombini said keeping interest rates on hold for now is enough to tame Brazil’s above-target inflation, a view that clashes with traders’ bets, Bloomberg News reported today. The inflation outlook “shows that the monetary ...
Daily Headline - abi_admin - 09/15/2015 - 11:25 - 0 comments