The Brazilian government’s pledge to help power distributors cope with the worst drought in four decades is set to fall short of their additional spending, according to data compiled by an industry association.
Sitting in his freshly painted living room as his son plays nearby, Joao Pedro de Souza recounts a peak moment in his life. Last year his family left a shanty in the vast slums of Sao Paulo and moved into this new two-bedroom apartment, with a full kitchen and bathroom.
In the race to succeed Brazilian President Luiz Inacio Lula da Silva, only one candidate can match the former union leader’s up-by-the-bootstraps biography: his former Environmental Minister Marina Silva .
Brazil should return to the policies of former President Luiz Inacio Lula da Silva to boost growth, tame rising consumer prices and attract foreign investment, according to Pacific Investment Management Co.
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.
The worst selloff in emerging-market currencies in five years is beginning to reveal the extent of the fallout from the Federal Reserve’s tapering of monetary stimulus, compounded by political and financial instability.
Brazil’s once-richest man, Eike Batista, is watching his empire crumble. The 16 percent plunge in the Sao Paulo stock exchange in 2013 was second-worst in the world. Meanwhile, Luzia Souza is faring better than ever in the country’s poorest state.
Jim O’Neill has been tracking economic reform initiatives in countries across the world during his 33-year career on Wall Street. Only a few of them, he said, rank higher than what Mexico achieved this year.