From fast cars to fertilisers, pills to pipeline parts, UK manufacturers have been finding a growing market for their products in Brazil. Exports dipped in 2014 — as a result of slowing growth in Brazil — but long-term trends appear good. Over the
Incompetence, arrogance and corruption have shattered Brazil’s magic spell. Combined with the end of the commodity boom, they have driven the world’s eighth biggest economy into a deepening recession. The unfolding corruption scandal at Petrobras,
Brazil’s socialist leader faces a stark choice in the coming days: veto a bill to raise salaries for state workers, risking a backlash from her leftist supporters, or sign it, risking a disastrous credit downgrade for her country.
By Gwynne Dyer - ”The only function of economic forecasting is to make astrology look respectable”, said John Kenneth Galbraith, the wisest American economist of his generation. (“A paltry honor,” he would have murmured.)
The first step towards solving a problem is acknowledging and understanding its root causes. No doubt many of you have heard of Brazil’s water problem. The country has been hit with its worst drought in history, and the situation doesn’t seem like it will get better anytime soon. This is shocking to many, how can the country with the most abundant water reserves on the planet be going through a water crisis? Well, two reasons. One is the poor administration of water resources. The country has an
Indonesia executed six people for drug trafficking, ignoring a plea for clemency from Brazil’s President Dilma Rousseff and prompting the Latin American nation and the Netherlands to recall their ambassadors.
Brazil has raised its benchmark interest rate 50 basis points to the highest level since 2011 as the government fights to win back investor trust. The central bank lifted the Selic rate late on Wednesday to 11.75 per cent — its second increase in
Brazil ran a trade deficit of 1.17 billion last month, the largest shortfall for October in 16 years, the government said on Monday. Imports totaled 19.5bn, while exports amounted to 18.3bn, the Ministry of Development, Industry and Foreign Trade said in a report.
Brazil’s central bank has kept interest rates on hold in spite of soaring inflation as the country struggles with its worst recession in more than a century. The central bank’s Monetary Policy Committee on Wednesday kept the benchmark Selic rate at
Brazil' minister of agriculture Katia Abreu said she was very optimistic about Mercosur reaching a trade agreement with the European Union, and if there are problems look to Europe, because Mercosur members have almost agreed and finished their proposal.
Brazil’s central bank has raised interest rates for the sixth straight time, shrugging off growing discontent over higher borrowing costs as it fights to tackle inflation and regain investors’ trust. The Latin American country lifted the benchmark
Brazil has raised interest rates to the highest level in six years as the government struggles to regain investors’ confidence and put Latin America’s biggest economy back on the path to growth. The country’s central bank raised the benchmark Selic
RIO DE JANEIRO (AP) — A federal investigation into a kickback scheme at Brazil's state oil company has, so far, ensnared 30 executives. Brazil is witnessing an unprecedented flurry of legal activity, provoked by a growing middle class whose anger over corruption erupted in protests last year, and independent agencies increasingly capable of handling complex probes. The kickback scheme at the oil company Petrobras allegedly included executives from Brazil's powerful construction companies payin
With immigration on (or near) the top of everyone’s minds in the U.S. lately, I thought it would be helpful to take a look at immigration’s effect on Brazil. A continuous inflow of highly qualified immigrants is a key factor in any country’s development. By attracting and retaining talent, an [...]
Brazilian markets rallied after a surprising interest-rate increase showed the central bank’s resolve to tame inflation, but the move stoked fears among some business people that economic growth won’t resume soon.
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