Brazilian President Dilma Rousseff ’s first month in office has been a “positive surprise” as she seeks to dismantle the free-spending policies of the previous government, former President Fernando Henrique Cardoso said.
Credit Suisse Group AG and JPMorgan Chase & Co. are selling to investors through pass-through notes a $1.27 billion loan made to the Brazilian state of Minas Gerais, according to people familiar with the matter.
On a sunny February morning, Brazilian President Luiz Inacio Lula da Silva is doing what he loves: pumping up his audience by unveiling a multimillion- dollar government dam that’s bringing jobs to their backyard.
Lucia Faro is working harder these days. For the past three years, the realtor was flooded with unsolicited calls from clients eager to buy apartments in Rio de Janeiro, the beachfront metropolis that will host the 2016 Olympics and some of Brazil’s 2014 World Cup games. Now, she is doing the calling, working her four phones most of the day, then organizing happy hours and advertising on social media sites to find potential clients.
Dilma Rousseff a conservative? For those who know the story of Brazil’s president, that label seems impossible. Rousseff is a former guerrilla and political activist whose sympathies are clearly on the left.
The U.S. Commodity Futures Trading Commission has completed Dodd-Frank Act rules requiring swaps brokers to decide within minutes whether to clear a trade in an effort to reduce risk in the $708 trillion global swaps market.