Nicolas Maduro is counting on a wave of sympathy for late Venezuelan President Hugo Chavez to win election on April 14. Should he succeed, he’ll be on his own as he confronts accelerating inflation, shortages of consumer goods and weakening growth.
Brazil’s President Dilma Rousseff plans to cut federal taxes on diesel and ethanol in a bid to rein in consumer prices that have increased more than analysts expected in the past seven months, said a government official with knowledge of the discussions.
Brazil’s real is too strong and will remain misaligned for a period of time, Alberto Ramos, chief Latin America economist at Goldman Sachs Group Inc., said at the Bloomberg Latin America Investing Conference in New York.
Argentina’s nine-year economic expansion probably slowed in the second quarter as sales of manufactured goods to Brazil began to taper and domestic demand moderated in South America’s second-biggest economy.
On a cool July evening, Brazilian President Dilma Rousseff hosts a cocktail party for 50 leaders of her governing coalition, Bloomberg Markets magazine reports in its November issue. Speaking from the foot of a red-carpeted staircase in the living room of Alvorada Palace, where she lives with her mother and aunt, Rousseff tells the gathered politicians that these are the best times for Brazil, according to four people who attended.