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Dec 15, 2014

Brazil central bank director urges tighter fiscal policy

RIO DE JANEIRO, Dec 15 (Reuters) – The Brazilian government
needs to tighten fiscal policy to help bring down inflation and
strengthen the country’s economic framework, central bank
director Luiz Awazu Pereira said on Monday.

A surge in public spending under President Dilma Rousseff
along with record low unemployment have kept inflation high in
Brazil, hurting both business and consumer confidence in the
once booming economy.

Nov 5, 2014

S&P analyst sees limits to Brazil’s fiscal deterioration

RIO DE JANEIRO, Nov 5 (Reuters) – Standard & Poor’s believes
Brazil’s “strong” political institutions will limit
deterioration in the government’s fiscal accounts, supporting
the country’s investment-grade rating, a senior analyst with the
firm said on Wednesday.

Brazil’s credit rating became a concern to investors and a
headache for newly re-elected President Dilma Rousseff as rising
government spending and a stagnant economy prompted S&P to
downgrade the country’s debt rating to near junk in March.

Oct 28, 2014

Rousseff says Brazil will recover, avoid credit downgrade

RIO DE JANEIRO, Oct 28 (Reuters) – Newly re-elected
President Dilma Rousseff said on Tuesday that the Brazilian
economy will recover in her second term and avoid a downgrade of
its credit rating.

In television interviews two days after narrowly defeating
market darling Aecio Neves, Rousseff repeated her offer to sit
down with business leaders to hear their views on the state of
the economy and discuss changes in policy.

Oct 28, 2014

Moody’s gives Brazil’s Rousseff benefit of the doubt, for now

RIO DE JANEIRO, Oct 28 (Reuters) – Moody’s is in no “rush”
to decide whether to cut Brazil’s credit rating but could act
quickly if it sees re-elected President Dilma Rousseff is not
making significant policy changes in her second term, a senior
analyst with the firm said on Tuesday.

Less than two months after the ratings agency threatened to
downgrade Brazil if the government did not change economic
policy, the remarks from Moody’s Investors Service analyst Mauro
Leos are a potential vote of confidence in Rousseff’s pledge for
“new government, new ideas.”

Oct 27, 2014

Brazil markets plunge on Rousseff re-election

SAO PAULO/RIO DE JANEIRO, Oct 27 (Reuters) – Brazilian
financial markets plunged on Monday, with stocks on track for
their worst day in more than three years, as the Sunday
re-election of President Dilma Rousseff dashed investor hopes of
meaningful policy change over the next four years.

Market sentiment going forward will likely depend on whether
or not the leftist president signals policy tweaks to boost
Brazil’s flagging economy, as hinted in a conciliatory first
speech she gave after defeating pro-business challenger Aecio
Neves on Sunday.

Oct 27, 2014

Brazil currency opens sharply lower on Rousseff re-election

SAO PAULO/RIO DE JANEIRO, Oct 27 (Reuters) – Brazil’s
currency plunged early on Monday while stocks were also expected
to sell off following the victory of President Dilma Rousseff
over pro-business challenger Aecio Neves in Sunday’s
presidential election.

The Brazilian real opened about 3 percent lower at
2.53 to the U.S. dollar and is down nearly 7 percent this year.

Oct 27, 2014

Brazil markets set to plunge on Rousseff re-election

SAO PAULO/RIO DE JANEIRO, Oct 27 (Reuters) – Brazil’s
financial markets are set to plunge on Monday following the
victory of President Dilma Rousseff over pro-business challenger
Aecio Neves in Sunday’s presidential election.

The sell-off may be contained in the next few days, however,
if Rousseff signals she will tweak economic policy to boost
Brazil’s flagging economy, as hinted in a conciliatory first
speech she gave after re-elected on Sunday.

Oct 23, 2014

Brazil real slumps to 2005 low, Bovespa erases 2014 gains

RIO DE JANEIRO (Reuters) – The Brazilian real on Thursday slumped to a 9-1/2-year low while the Bovespa stock index erased its 2014 gains as investors feared President Dilma Rousseff may defeat market-favorite candidate Aecio Neves in Sunday’s presidential election.

The Brazilian real slid 1.36 percent to close at 2.5130 per dollar, its weakest closing level since April 2005.

Oct 20, 2014

Poll shows Rousseff gaining momentum as Brazil election nears

RIO DE JANEIRO (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, a survey by pollster MDA showed on Monday.

Pro-business candidate Neves had retained a slight but statistically insignificant lead over leftist Rousseff since the first round of elections on Oct. 5, according to surveys by the more closely watched Ibope and Datafolha pollsters.

Oct 17, 2014

Long-term investors ready to buy Brazil after election

RIO DE JANEIRO/SAO PAULO, Oct 17 (Reuters) – Long-term
foreign investors are growing more optimistic about Brazil no
matter who wins this month’s presidential election but they say
an opposition victory could unleash a flood of new money.

The tight and fast-changing election campaign has sent
Brazil’s financial markets on a wild ride with big gains
whenever leftist President Dilma Rousseff loses ground in polls
and slides whenever her re-election bid seems stronger.