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Oct 21, 2014

Investors skeptical of Rousseff’s options for Brazil finance chief

BRASILIA (Reuters) – Whoever President Dilma Rousseff picks to head Brazil’s finance ministry if she is re-elected on Sunday will likely get a cold welcome from investors, who are skeptical that the leftist leader will stop dictating policy herself.

Guido Mantega, Brazil’s longest-serving finance minister, plans to step down at the end of December after more than eight years on the job. His replacement faces the daunting task of breathing life into an economy grappling with slow growth, rising consumer prices and deteriorating public finances.

Oct 20, 2014

Polls shows Rousseff gaining momentum as Brazil election nears

RIO DE JANEIRO/BRASILIA (Reuters) – President Dilma Rousseff is gaining momentum but remains locked in a dead heat with challenger Aecio Neves ahead of Sunday’s runoff to Brazil’s presidential election, two surveys showed on Monday.

Centrist candidate Neves lost a slight but statistically insignificant lead over leftist Rousseff for the first time since the first round of elections on Oct. 5, according to the survey by Datafolha polling firm.

Oct 16, 2014

Neves would return to basics to fix Brazilian economy: adviser

BRASILIA (Reuters) – Aecio Neves would scrap a “failed” economic model and restore the pillars of Brazil’s economy to overcome slow growth and high inflation if he wins the presidency this month, the candidate’s pick for finance minister told Reuters on Wednesday.

Neves, a centrist who has promised to rescue Brazil from recession, is running neck-and-neck with leftist President Dilma Rousseff ahead of the Oct. 26 run-off vote in the tightest race in two decades.

Oct 15, 2014

Brazil’s Neves would end currency swap program, adviser says

BRASILIA (Reuters) – Brazilian presidential candidate Aecio Neves will end a central bank currency swap program that has cushioned losses in the country’s currency, the real BRBY, if he is elected later this month, Neves’s choice for finance minister, Arminio Fraga, told Reuters on Wednesday.

Neves, a centrist who has promised to rescue the economy from recession, is running neck-and-neck with left-leaning President Dilma Rousseff in Brazil’s tightest presidential election in at least two decades.

Oct 7, 2014

Analysis – Rousseff’s election strategy digs deeper hole for Brazil economy

SAO PAULO/BRASILIA (Reuters) – President Dilma Rousseff’s strategy of slamming bankers and playing up class divisions may give her the edge in this month’s election but it further strains relations with business leaders just as Brazil’s stagnant economy badly needs fresh investment.

The leftist incumbent, who led the first round of voting on Sunday and now faces market favourite Aecio Neves in an Oct. 26 runoff, is using heavy government spending and some tough rhetoric to shore up her support among Brazil’s poor.

Oct 7, 2014

Rousseff’s election strategy digs deeper hole for Brazil economy

SAO PAULO/BRASILIA (Reuters) – President Dilma Rousseff’s strategy of slamming bankers and playing up class divisions may give her the edge in this month’s election but it further strains relations with business leaders just as Brazil’s stagnant economy badly needs fresh investment.

The leftist incumbent, who led the first round of voting on Sunday and now faces market favorite Aecio Neves in an Oct. 26 runoff, is using heavy government spending and some tough rhetoric to shore up her support among Brazil’s poor.

Oct 7, 2014

Brazil economy faces gloomy outlook without reforms: IMF

BRASILIA (Reuters) – The Brazilian economy will likely have a mild recovery next year as electoral uncertainty fades, but still lag regional peer Mexico that should grow faster after a series of economic reforms, the International Monetary Fund said on Tuesday.

The global lender cut its growth forecast for Latin America’s largest economy by 0.6 percentage point to 1.4 percent in 2015 due to dwindling investment and moderation in employment and credit growth. In its flagship “World Economic Outlook,” the IMF also revised down Brazil’s growth for this year to just 0.3 percent from its July estimate of 1.3 percent.

Oct 1, 2014

Exclusive: U.S. to pay $300 million to end Brazil cotton trade dispute – officials

BRASILIA/WASHINGTON (Reuters) – The United States will pay Brazilian cotton producers $300 million to settle a decade-old dispute over cotton subsidies, two officials familiar with the settlement said on Tuesday, the first concrete step to repair ties hurt by an espionage scandal.

The agreement will be formally signed on Wednesday morning in Washington after Brazilian Agriculture Minister Neri Geller and Foreign Minister Luiz Alberto Figueiredo traveled to the U.S. capital to finalize details.

Sep 30, 2014

Exclusive: U.S., Brazil close to ending cotton trade rift – minister

BRASILIA (Reuters) – The United States and Brazil are close to settling a decade-old trade dispute over cotton subsidies, Agriculture Minister Neri Geller told Reuters on Tuesday, in what would be the first concrete step to repair ties hurt by an espionage scandal.

The Brazilian government plans to sign an agreement with U.S. Trade Representative Michael Froman on Wednesday, he said. It will resolve demands by Brazilian cotton producers who seek compensation for subsidies enjoyed by U.S. growers.

Sep 30, 2014

Brazil government deficit spending leaps as election nears

BRASILIA, Sept 30 (Reuters) – Brazil posted its fourth
straight primary budget deficit in August, making it nearly
impossible for President Dilma Rousseff’s administration to
achieve a key fiscal target this year as spending picks up
before next month’s elections.

The consolidated public sector primary deficit
reached 14.460 billion reais ($5.89 billion) in August, its
biggest deficit for that month since at least 2001 and a far
wider gap than the 5.1 billion reais expected by the market,
central bank data showed on Tuesday.

    • About Alonso

      "Alonso has worked for more than a year covering commodities in the world's top copper producer Chile. A native of Nicaragua he has workers for Thomson Reuters for nearly five years with several stints in other Latin American countries. He is a University of Missouri-Columbia graduate."
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