Dilma Rousseff News
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Brazilian President Dilma Rousseff yesterday won congressional support for a plan to attract private capital and boost investment in ports by $27 billion.
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Centrais Eletricas Brasileiras SA, Brazil’s largest electric utility by revenue, rallied after reporting a first-quarter loss that was less than some analysts had estimated.
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Brazil’s economic growth accelerated less than expected in March, as consumption in the world’s second-largest emerging market showed signs of slowing.
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Brazil runs no risk of stoking inflation even as the government tries to engineer a rebound in growth and investment, said Luciano Coutinho, president of BNDES, the nation’s development bank.
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Petroleo Brasileiro SA, the state-run oil producer, stands to profit the most from Brazilian measures to boost ethanol output as rising biofuel supplies reduce the need to sell imported gasoline at a loss.
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Banco do Brasil SA, the Brazilian lender whose insurance unit held the world’s largest initial public offering this year, said first-quarter lending expanded faster than the company’s forecast, led by corporate loans.
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Banco do Brasil SA, the Brazilian lender whose insurance unit held the world’s largest initial public offering this year, said first-quarter profit fell less than 1 percent and loan growth accelerated.
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Brazil’s deputy Finance Minister Nelson Barbosa, a key aide to Brazilian President Dilma Rousseff, is leaving his position in June for “personal reasons,” according to the ministry’s emailed statement.
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Venezuela President Nicolas Maduro accused billionaire Lorenzo Mendoza, the owner of the nation’s largest privately-held company, of exacerbating the worst shortages in at least four years and fueling inflation.
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Brazil’s central bank President Alexandre Tombini said policy makers will do what’s needed to slow inflation that has been above the mid-point of the target range since he took office.
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