Raymond's Feed
Aug 18, 2011

Brazil’s Rousseff scrambles to control ally rebellion

BRASILIA, Aug 18 (Reuters) – Brazilian President Dilma
Rousseff reached out to political allies on Thursday to stem a
growing rebellion within her coalition after the resignation of
a fourth minister pushed the government deeper into crisis.

Agriculture Minister Wagner Rossi resigned on Wednesday
following corruption allegations against his aides, ratcheting
up tensions within the unwieldy ruling coalition and adding to
a sense of disarray in Rousseff’s eight-month-old government.

Aug 17, 2011

Analysis – Brazil’s Rousseff faces damaging Congress rebellion

BRASILIA (Reuters) – President Dilma Rousseff faces a damaging showdown with Congress that threatens to hurt Brazil’s growth prospects as she struggles to contain a rebellion over her drive to cut costs and root out corruption.

Since taking office on January 1, the no-nonsense former guerrilla has scorned the usual back-slapping and handouts that oil the wheels of Brazilian politics, depriving allies of influential posts and sticking to a tight spending budget.

Aug 10, 2011

Political scandals and economy take toll on Brazil’s Rousseff

BRASILIA (Reuters) – President Dilma Rousseff has suffered a sharp fall in popularity as austerity measures and a series of political scandals dampen Brazilians’ high expectations, an opinion poll showed on Wednesday.

Rousseff’s approval rating dropped 6 percentage points to 67 percent, while the number of those who disapprove of her more than doubled to 25 percent, a survey by the Ibope polling firm showed.

Aug 10, 2011

Scandals, economy take toll on Brazil’s Rousseff

BRASILIA, Aug 10 (Reuters) – President Dilma Rousseff has
suffered a sharp fall in popularity as austerity measures and a
series of political scandals dampen Brazilians’ high
expectations, an opinion poll showed on Wednesday.

Rousseff’s approval rating dropped 6 percentage points to
67 percent, while the number of those who disapprove of her
more than doubled to 25 percent, a survey by the Ibope polling
firm showed.

Aug 2, 2011

Key political risks to watch in Brazil

BRASILIA, Aug 2 (Reuters) – High-profile scandals in
President Dilma Rousseff’s government have soured ties with her
allies, stalling legislation in Congress and delaying key
infrastructure projects before the 2014 World Cup.

Other risks include an apparent lack of interest in
long-term structural reforms, pressure to heighten public
spending, and renewed intervention in currency markets.

Aug 2, 2011

Brazil throws lifeline to struggling industries

BRASILIA/SAO PAULO, Aug 2 (Reuters) – Brazil’s government
will offer billions of dollars in new financing and some
limited tax breaks to factories that are struggling with an
overvalued currency and signs of a broader slowdown in Latin
America’s biggest economy.

The measures, unveiled by the government on Tuesday, seek
to fix a potentially dangerous economic imbalance in Brazil,
where credit and commodity exports continue to boom but many
local industries are seeing output shrink at a worrying pace as
imports pour in from abroad, especially from China.

Aug 24, 2010

Brazil curtails land sales to foreigners

BRASILIA, Aug 24 (Reuters) – The Brazilian government has
tightened restrictions on unfettered land purchases by
foreigners, authorities said on Tuesday, renewing concerns
among investors.

Brazil is one of the world’s leading food producers.

The government has decided to close a legal loophole that
had permitted foreign interests to circumvent existing
restrictions by creating a Brazil-based company, the
attorney-general’s office said.

Aug 17, 2010

Serra slides again in poll, seeks TV comeback

BRASILIA, Aug 17 (Reuters) – Brazil’s presidential
contenders took to the airwaves on Tuesday with free
advertisements in what may be opposition candidate Jose Serra’s
last chance to reverse a rapid slide in opinion polls.

The ruling party’s Dilma Rousseff raced to her biggest
lead yet on Tuesday as a new poll showed her 16 percentage
points ahead of Serra. It was the third poll in less than a
week showing her with a decisive lead ahead of the Oct 3 vote,
raising the chances she can avoid a second, run-off vote at the
end of October. If she wins, she will become Brazil’s first
woman president.

Aug 17, 2010

Serra seeks comeback as Brazil TV campaign begins

BRASILIA, Aug 17 (Reuters) – Brazil’s presidential
contenders took to the airwaves on Tuesday in what may be
opposition candidate Jose Serra’s last chance to reverse a
rapid slide in opinion polls.

The ruling party’s Dilma Rousseff raced to her biggest poll
lead yet this week ahead of the Oct. 3 vote, raising the odds
she could become Brazil’s first woman president without a
second, run-off vote at the end of October. [ID:nN1696647].

Aug 12, 2010

Brazil prosecutor seeks probe of Petrobras offer

BRASILIA/RIO DE JANEIRO, Aug 12 (Reuters) – A federal
prosecutor said he has launched a probe to determine if state
oil company Petrobras’ oil-for-shares capital plan could harm
public coffers, a move that could further delay the company’s
proposed share offering.

Any delay would deal a heavy blow to Petrobras, which is
depending on the plan to raise as much as $25 billion in fresh
capital for its crusade to pump billions of barrels of oil from
deep beneath the ocean’s surface.