BRASILIA, Oct 22 (Reuters) – Brazil’s state-run BNDES, the
largest development lender in the Americas, is crowding out
private-sector banks from corporate credit markets, and the
government should phase out financial support for the bank, the
Organization for Economic Co-operation and Development said on
In a survey of Brazil’s economy, the OECD also recommended
the government instruct BNDES to finance badly needed
infrastructure projects, small and medium enterprises and
BRASILIA, Oct 16 (Reuters) – Brazil is pushing ahead with a
planned $1 billion purchase of anti-aircraft missile batteries
from Russia in a deal that will cement a strategic defense
partnership between the two BRICS nations, the Brazilian Defense
Ministry said on Wednesday.
Brazilian officials said they expect to sign a contract by
the middle of 2014 for short- to medium-range surface-to-air
Pantsir S1 missile batteries and Igla-S shoulder-held missiles.
BRASILIA (Reuters) – Brazilian President Dilma Rousseff demanded on Monday that Canada explain a media report that said it spied on Brazil’s Mines and Energy Ministry, and she called on the United States and its allies to stop spying over the Internet.
A Brazilian television report said on Sunday that Canada’s electronic eavesdropping agency targeted the ministry that manages the South American nation’s vast mineral and oil resources. The report was based on documents leaked by former U.S. National Security Agency contractor Edward Snowden.
BRASILIA (Reuters) – Two of Brazil’s most popular opposition leaders joined forces on Saturday in an unexpected alliance that shakes up next year’s election and could pose a major challenge to President Dilma Rousseff at a time when the economy is sputtering.
Marina Silva, a colorful former environment minister who was running second in polls for next year’s presidential vote, said she was setting aside her own presidential ambitions to join the center-left PSB Party and support its candidate, Pernambuco state Governor Eduardo Campos.
BRASILIA, Oct 5 (Reuters) – Two of Brazil’s most popular
opposition leaders joined forces on Saturday in an unexpected
alliance that shakes up next year’s election and could pose a
major challenge to President Dilma Rousseff at a time when the
economy is sputtering.
Marina Silva, a colorful former environment minister who was
running second in polls for next year’s presidential vote, said
she was setting aside her own presidential ambitions to join the
center-left PSB Party and support its candidate, Pernambuco
state Governor Eduardo Campos.
BRASILIA (Reuters) – In a decision that could boost President Dilma Rousseff’s chances of re-election next year, Brazil’s electoral court ruled on Thursday that her main potential rival failed to gather enough signatures to register her new party in time.
Environmentalist Marina Silva has until Saturday to decide whether to run on the ticket of an existing party to make her second bid for president next October.
BRASILIA (Reuters) – Brazilian police used pepper spray to stop hundreds of protesting Indians from storming Congress on Wednesday, clamping down on the second day of indigenous rights marches.
Tribes across Brazil blocked highways and occupied government offices to oppose what they see as a steady undermining of their rights to ancestral lands by farmers supported by politicians in disputes that have occasionally turned violent.
BRASILIA, Sept 27 (Reuters) – More than a year has passed
since Brazilian President Dilma Rousseff announced an ambitious
plan to raise billions of dollars to lay much-need railroad
tracks across this continent-sized nation.
Not a single mile has been laid, however. Investors are
balking at the push to build some 10,000 km (6,000 miles) of
track because they worry that government policies might not make
it worth their while.
BRASILIA, Sept 18 (Reuters) – Brazil’s top court voted
narrowly on Wednesday to allow retrials in the country’s
biggest-ever political corruption case, a decision seen by many
as a major setback for efforts to hold Brazilian officials
accountable for wrongdoing.
The ruling could save Jose Dirceu, the political leader in
the so-called “mensalão” or monthly payment scandal, from going
to prison. Dirceu was chief of staff to former president Luiz
Inacio Lula da Silva when a scheme to pay legislators a regular
allowance in exchange for support was uncovered in 2005.
BRASILIA, Sept 17 (Reuters) – Brazilian President Dilma
Rousseff has called off plans for a state visit to Washington in
October because of revelations that the United States spied on
her personal communications and those of other Brazilians.
Rousseff’s decision, which came despite a 20-minute
telephone call from President Barack Obama on Monday night in an
attempt to salvage the trip, is a big blow to relations between
the two biggest economies in the Americas.