Brazilian financial market analysts and economists reduced their estimates for the country’s 2010 IPCA inflation rate for the third consecutive week, according to the Central Bank of Brazil’s market survey published Monday. The average estimate for the 2010 year-end IPCA rate was reduced to 5.35% from 5.42%. Despite the reduction, it is still above the [...]
Posts Tagged ‘Lula’
Brazil tighten steps for 2014 World Cup, 2016 Olympics
Brazilian President Luiz Inacio Lula da Silva signed on Monday a decree raising the level of indebtedness for host cities to ensure the completion of infrastructure works for 2014 World Cup and Rio de Janeiro 2016 Olympic Games. During the ceremony to launch the decree, the president announced that 3.545 billion will be allocated to [...]
In Lula’s footsteps
According to an article published in The Economist, Dilma Rousseff is cruising towards victory on the coat-tails of a popular president. But there is more at stake in October’s election than meets the eye On July 6th the campaign for October’s general election formally kicks off. It will be the first presidential election since democracy [...]
Resource-rich Brazil puts up its guard
The nation is reviving its space program as part of a push to secure its territory. ‘In the coming era of scarcity, we’re going to have to defend what we’ve got,’ a consultant to the Defense Ministry. By Chris Kraul – Los Angeles Times Brazil’s planned reentry into the satellite business next year is more [...]
Brazil’s Presidential Race to Pit Lula Aide Against State Governor
José Serra’s key rival bowed out his party’s presidential race. By JOHN LYONS - The Wall Stree Journal SÃO PAULO, Brazil — The shape of Brazil’s next presidential race became clearer, with a powerful state governor emerging as the key challenger to President Luiz Inácio Lula da Silva’s handpicked successor. Brazilian politician José Serra, a U.S.-trained [...]
Ahmadinejad in Brazil: Why Lula Defies the U.S.
By Andrew Downie, from Time.com Iran’s President Mahmoud Ahmadinejad, right, and Brazil’s President Luiz Inácio Lula da Silva wave to journalists at the Itamaraty palace in Brasilia Eraldo Peres / AP A swing through Latin America this week by President Mahmoud Ahmadinejad has prompted the Obama Administration and U.S. congressional leaders to signal their [...]
After Lula
By John Prideaux: São Paulo bureau chief, The Economist Whoever wins, Brazil should remain in capable hands after its presidential election Latin America’s largest economy is enjoying its best moment for a long time. One of the last countries to enter the global downturn started by the financial sector in 2007, Brazil was also one [...]
Foreign investors can have up to 25% of Brazilian Magazine Luiza
Magazine Luiza, one of the biggest Brazilian retailer, obtained approval from Brazil’s national monetary council (CMN) to expand foreign investors participation up to 25% in its financial company, Luizacred. With this approval, which still depends on President Lula’s agreement, the retailer itself gets close to an opening of capital on the stock exchange. Luizacred is controlled [...]
Brazil is ‘dancing through the crisis’, reports FT
Financial Times published yesterday a special report about Brazil. In its front page, the correspondent in Sao Paulo Jonathan Wheatley stated that Brazil is ‘dancing through the economic crisis’. The publication starts from a personal focus on the owners of a Brazilian micro-distributor who are investing more in their business in Recife (north-western Brazil), passes through the [...]