Journalist, Washington D.C.
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Nov 4, 2013

Brazil’s local Internet data storage plan runs into opposition

BRASILIA/SAO PAULO (Reuters) – A government plan to shield Brazil from alleged U.S. spying by forcing global Internet companies to store data on Brazilian users inside the country has run into mounting opposition in Congress, politicians said on Monday.

The legislation was proposed by President Dilma Rousseff following revelations that the U.S. National Security Agency conducted surveillance on her emails and phone calls, along with those of average Brazilian citizens.

Oct 31, 2013

Brazil primary budget deficit soars to biggest since 2008

BRASILIA, Oct 31 (Reuters) – Brazil’s primary budget deficit
swelled to its biggest in nearly five years in September,
central bank data showed on Thursday, surprising economists who
had expected a surplus.

Brazil posted a primary budget deficit of 9.048 billion
reais ($4.1 billion) in September, contrary to
expectations of a small 100 million reais surplus according to a
Reuters poll with 14 economists.

Oct 28, 2013

Brazil to insist on local Internet data storage after U.S. spying

SAO PAULO/BRASILIA, Oct 28 (Reuters) – Brazil, seeking to
shield its citizens from alleged U.S. spying, is pushing ahead
with its plan to force global Internet companies to store data
obtained from Brazilian users inside the country, according to a
draft of the law seen by Reuters.

Despite opposition from multinational software, hardware and
telecommunications companies, President Dilma Rousseff is
pressing lawmakers to vote as early as this week on the law,
sparked by disclosures of widespread U.S. spying on Brazilian
telecommunications data.

Oct 25, 2013

Facebook executives coach Brazil politicians before Internet vote

BRASILIA (Reuters) – As Brazil threatens to impose strict new regulations on American Internet companies, Facebook offered some of its top politicians free advice this week on how to win “friends” and maximize “likes” on their webpages.

Facebook’s tips on using social media came as politicians geared up for a 2014 general election and as Congress prepared to vote on legislation that could severely restrict the way companies like Facebook, Twitter and Google operate in Brazil.

Oct 23, 2013

Brazil needs reforms, policy predictability to grow faster: IMF

BRASILIA (Reuters) – Brazil must take more decisive action to raise productivity and boost private investment if it is to restore robust growth to its once-booming economy, the International Monetary Fund said on Wednesday.

In its annual economic assessment of Brazil, the IMF also recommended continued tightening of monetary policy to curb inflation, which it sees remaining high due to a tight labor market and high consumption.

Oct 22, 2013

Brazil’s BNDES crowding out private banks from loans -OECD

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
Tuesday.

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
innovation.

Oct 22, 2013

Brazil’s BNDES crowding out private banks from loans, OECD says

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
Tuesday.

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
innovation.

Oct 16, 2013

Brazil builds Russian defense ties with missile plan

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.

Oct 7, 2013

Brazil demands explanation from Canada over spying report

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.

Oct 5, 2013

Brazil opposition leaders join forces against Rousseff

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.