Journalist, Washington D.C.
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Jun 24, 2015

Brazil leader’s credibility tested as she woos U.S. investment

BRASILIA (Reuters) – The economy is sliding into recession, her popularity has hit rock bottom, her party’s treasurer is behind bars for alleged corruption and her enemies want to impeach her.

When she visits New York on Monday, President Dilma Rousseff will have a tough time convincing Wall Street her weakened government can pull Brazil out of a stall and save the once-booming nation’s investment-grade credit rating.

Jun 18, 2015

Brazil decrees temporary fix to costly pension system

BRASILIA (Reuters) – Brazilian President Dilma Rousseff on Thursday offered a temporary fix to stem the tide of red ink from its generous pension system, but Cabinet ministers acknowledge that deeper reform to one of the main threats to its economy could take years.

Rousseff unveiled a new formula for progressively restricting Brazilians’ access to full pensions after vetoing a congressional bill that countered her efforts to reduce Brazil’s fiscal deficit.

Jun 15, 2015

Russia, U.S. competing for space partnership with Brazil

BRASILIA/SAO PAULO (Reuters) – The United States and Russia are competing for a strategic role in Brazil’s plan to launch commercial satellites from its base near the equator, opening up a new theater in their rivalry for allies and influence.

Brazil’s government expects to choose a partner to help provide technology in the coming months, three sources with knowledge of the deliberations told Reuters.

Jun 15, 2015

Exclusive: Russia, U.S. competing for space partnership with Brazil

BRASILIA/SAO PAULO (Reuters) – The United States and Russia are competing for a strategic role in Brazil’s plan to launch commercial satellites from its base near the equator, opening up a new theater in their rivalry for allies and influence.

Brazil’s government expects to choose a partner to help provide technology in the coming months, three sources with knowledge of the deliberations told Reuters.

Jun 9, 2015

Brazil’s Rousseff aims to lure $64 billion in infrastructure capital

BRASILIA (Reuters) – President Dilma Rousseff unveiled an effort to draw 198.4 billion reais ($64 billion) in private investment to build, upgrade and operate Brazilian roads, railways, airports and harbor terminals.

The infrastructure plan is meant to restore growth to Brazil’s faltering economy and raise Rousseff’s popularity, which has been battered by high inflation, rising unemployment and a corruption scandal at state-run oil company Petrobras.

Jun 5, 2015

Brazil football probe to put harsh glare on Nike, other sponsors

SAO PAULO/BRASILIA (Reuters) – Nike Inc (NKE.N: Quote, Profile, Research) and some other big international companies face a grilling over their powerful role in Brazilian football as a former star player turned senator vows to expose what he describes as suspect marketing contracts and their links to corrupt payments.

Romario, a revered striker who led Brazil to victory at the 1994 World Cup wearing the U.S. sportswear giant’s boots, is leading a new congressional probe into sponsorship deals in the wake of U.S. graft charges that have shaken the football world.

Jun 5, 2015

Brazil soccer probe to put harsh glare on Nike, other sponsors

SAO PAULO/BRASILIA, June 5 (Reuters) – Nike Inc and some other big international companies face a grilling over their powerful role in Brazilian soccer as a former star player turned senator vows to expose what he describes as suspect marketing contracts and their links to corrupt payments.

Romario, a revered striker who led Brazil to victory at the 1994 World Cup wearing the U.S. sportswear giant’s boots, is leading a new congressional probe into sponsorship deals in the wake of U.S. graft charges that have shaken the soccer world.

May 28, 2015

FIFA arrests spur Brazil to probe football corruption

BRASILIA (Reuters) – Brazilian police began investigating allegations of corruption in its football industry on Thursday, prompted by the arrests of top officials at world football body FIFA in a U.S. bribery probe.

And the country’s Senate, led by former national football star Romario, who is now a prominent legislator, moved to open a formal inquiry into alleged bribes paid to obtain contracts with the Brazilian Football Federation (CBF).

May 28, 2015

FIFA arrests spur Brazil to probe soccer corruption

BRASILIA (Reuters) – Brazilian police began investigating allegations of corruption in its soccer industry on Thursday, prompted by the arrests of top officials at world soccer body FIFA in a U.S. bribery probe.

And the country’s Senate, led by former national soccer star Romario, who is now a prominent legislator, moved to open a formal inquiry into alleged bribes paid to obtain contracts with the Brazilian Soccer Federation (CBF).

May 19, 2015

China’s Li brings investment boost to struggling Brazil

BRASILIA, May 19 (Reuters) – Chinese Premier Li Keqiang came
to the rescue of Brazil’s slumping economy on Tuesday with
trade, finance and investment deals worth tens of billions of
dollars in energy, mining, aviation and the upgrade of
dilapidated infrastructure.

On his first official trip to Latin America, Li saw a raft
of agreements signed, ranging from a $1 billion purchase of
passenger jets made by Brazil’s Embraer to the lifting of an
import ban on Brazilian beef and a long-discussed plan to build
a railroad over the Andes to the Pacific.