Brazil's Vice President Michel Temer (C) leaves the house of senator Renan Calheiros (R) as Senator Eunicio Oliveira looks on after a meeting with senators of the Brazilian Democratic Movement Party (PMDB) in Brasilia, Brazil March 28, 2016. REUTERS/ADRIANO MACHADO Vice President Michel Temer is quietly assembling a team of respected economists to revive confidence... Continue Reading →
Brazil Real Extends Best Month in 13 Years as Traders Snub Swaps
Brazil’s real extended its biggest monthly rally since 2003 after the central bank sold one-sixth of the contracts auctioned to protect against a decline, indicating traders are betting the currency will appreciate. The real rose to a seven-month high as the central bank sold 2,900 out of 17,000 foreign-exchange reverse-swap contracts offered on Thursday. Auctioning... Continue Reading →
GRAPHIC-Brazil leads first quarter’s rebound in emerging markets
Emerging markets are set to end the first quarter of 2016 with strong gains, something few investors would have bet on in January, after the sector's worst start to a year on record. As this graphic shows (reut.rs/1ZKAaO6), emerging market stocks, currencies and bonds fell in the first few weeks of 2016 as oil... Continue Reading →
Brazil’s Budget Deficit Swells to Record as Economy Shrinks
Brazil recorded the largest-ever primary budget gap in 12 months through February as a two-year economic recession sapped tax collection while expenses grew further. The deficit before interest payments, which includes results of states, municipalities and government-owned companies, reached 125.14 billion reais ($35 billion) in the 12-month period, or a record 2.11 percent of gross domestic... Continue Reading →
Brazil judge says public outcry needed to end corruption
Brazil's judiciary will not end systemic corruption unless society also demands change, the federal judge presiding over a massive graft investigation that may topple President Dilma Rousseff's government said. Judge Sergio Moro, a hero to many Brazilians who has recently been criticized for pushing the boundaries of the law, compared the investigation he oversees to... Continue Reading →
Brazil leader’s popularity stuck close to historic lows: poll
Brazil's President Dilma Rousseff smiles as she attends a meeting with jurists at Planalto Palace in Brasilia, Brazil, March 22, 2016. REUTERS/ADRIANO MACHADO President Dilma Rousseff's popularity remains close to historic lows, according to a poll on Wednesday, amid a mounting political crisis following the loss of her main coalition partner this week that increased... Continue Reading →
Whiffs of interest rate cuts in Brazil
As impeachment of President Dilma Rousseff grows more likely, chances are rising that Brazil’s central bank may also go under new management in a matter of months. But regardless of whether central bank chief Alexandre Tombini stays in office for long, prospects of interest rate cuts have found their way back on investors’ radar. Brazil’s economy is... Continue Reading →
Brazil’s biggest party quits coalition, isolating Rousseff
Brazil's President Dilma Rousseff (L) talks to Vice President Michel Temer at the Planalto Palace in Brasilia, Brazil, in this March 2, 2016 file photo. REUTERS/ADRIANO MACHADO/FILES Brazil's largest party announced on Tuesday it is leaving President Dilma Rousseff's governing coalition and pulling its members from her government, a departure that cripples her fight against... Continue Reading →
Wrong way Golfarb – Brazil’s Lula calls for end to austerity, return to growth
Former Brazilian President Luiz Inacio Lula da Silva urged a return to pro-growth economic policies like tax breaks and more consumer credit on Monday, doubling down on a strategy that has strained public accounts in recent years. Lula said during a news conference that he wanted to serve as an advisor to his successor, President... Continue Reading →
Brazil party set to abandon Rousseff, making impeachment more likely
Brazil's President Dilma Rousseff arrives to a meeting with jurists at Planalto Palace in Brasilia, Brazil, March 22, 2016. REUTERS/ADRIANO MACHADO Brazil's largest party will decide on Tuesday to break away from President Dilma Rousseff's floundering coalition, party leaders said, sharply raising the odds that the country's first woman president will be impeached amid a... Continue Reading →
Brazil Energy Insight 