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Brazil inflation hits 12-year high of 9.56%

Last Updated: Friday, August 7, 2015, 21:32

Brazil`s annual inflation rate climbed to 9.56 percent in July, the highest level since 2003, official data showed Friday.

Standard & Poor's cuts Brazil's outlook to negative

Last Updated: Wednesday, July 29, 2015, 11:29

US credit ratings agency Standard & Poor's (S&P) has lowered its forecast for Brazil's foreign currency debt from stable to negative while maintaining the country`s long-term rating at BBB-.

Petrobras scandal touches Brazil's business elite

Last Updated: Saturday, June 20, 2015, 09:49

Brazilian police began another phase in the investigation of massive corruption at state oil company Petrobras, arresting the heads of two of the country`s most important companies.

Brazil unveils $64 bn infrastructure plan to spur growth

Last Updated: Tuesday, June 9, 2015, 21:09

Brazil announced a $64-billion infrastructure spending package on Tuesday, hoping to revive its flagging economy with investment in highways, railroads, ports and airports.

China, Brazil unveil multibillion trade, investment deals

Last Updated: Tuesday, May 19, 2015, 23:55

Chinese Premier Li Keqiang lifted the wraps Tuesday on a multibillion series of trade and investment deals with Brazil, as Beijing looks to invest some $50 billion in South America`s largest economy.

Chinese PM Li Keqiang in Brazil to unveil $50 billion in investments

Last Updated: Tuesday, May 19, 2015, 23:00

Chinese Premier Li Keqiang began a three-day visit to Brazil on Tuesday where he was to unveil a $50 billion investment package during talks in Brasilia with President Dilma Rousseff.

Brazil central bank allows currency support program to end

Last Updated: Wednesday, March 25, 2015, 20:56

Brazil`s central bank announced the end of a program to support the strength of the national currency, the real, despite its continued decline.

Brazil jobless rate hits all-time low

Last Updated: Thursday, January 29, 2015, 23:06

Joblessness in Brazil, the world`s seventh largest economy, averaged 4.8 percent in 2014, a historic low despite slowing economic growth and rising inflation.

Brazil posts 2014 inflation rate of 6.41%

Last Updated: Saturday, January 10, 2015, 00:11

Inflation in Brazil hit 6.41 percent in 2014, marginally below a government ceiling of 6.5 percent but still the highest annual figure since 2011, the National Statistical Institute (IBGE) said Friday.

Brazil exits recession with Q3 growth of 0.1%

Last Updated: Saturday, November 29, 2014, 05:17

Brazil`s economy exited recession with growth of 0.1 percent in the third quarter, the government said Friday, a tepid result that is nevertheless welcome news for struggling President Dilma Rousseff.

Brazil vows better flood alert systems

Last Updated: Saturday, December 28, 2013, 03:37

President Dilma Rousseff on Friday vowed to improve warning systems after touring flood-hit areas of southeast Brazil where 40 people have died following torrential rains.

Brazil leader overflies flood-hit region

Last Updated: Tuesday, December 24, 2013, 20:28

Brazil President Dilma Rousseff on Tuesday flew over the flood-hit southeastern state of Espirito Santo, where at least eight people have died in days of torrential rain.