Two years ago, Brazilian President Dilma Rousseff spurned the World Economic Forum to attend an anti-capitalist conference and visit Cuba. This week, she’ll be front and center when the global financial elite gather at Davos in the Swiss Alps.
Brazil’s national development bank will start buying local infrastructure bonds from companies next year as the government steps up efforts to improve the transport system, said Luciano Coutinho, head of the bank.
Arteris SA Chief Executive Officer David Diaz said Brazil’s road auction plans, part of President Dilma Rousseff’s $98 billion effort to spur growth, are flawed because traffic estimates are too high and cost projections low.
The Federal Reserve’s decision to postpone its rollback of U.S. stimulus offered Asian policy makers extra time to address domestic economic fragilities as the region copes with diminished capital inflows.