Rousseff Archives - International Finance

Brazil takes a $27 billion hit

International Finance DeskSeptember 17, 2016

by International Finance DeskSeptember 17, 2016

That’s the cost of the Petrobras scandal to the world’s seventh largest economy Kamilia Lahrichi April 8, 2015: The Petrobras oil scandal, which sparked massive protests across Brazil against the government’s corruption and the economic slowdown, has cost $27.1 billion to the GDP of the world’s seventh largest economy, according to an April 2015 study...

Brazil’s President Rousseff stays in power

International Finance DeskOctober 27, 2014

by International Finance DeskOctober 27, 2014

State interventionism wins over free market Kamilia Lahrichi October 27, 2014: Left-leaning president Dilma Rousseff won the election in recession-hit Brazil on October 26 after one of the most dramatic electoral campaigns. The country’ first female president turfed out the centrist contender Aécio Neves with about 52% of the vote against 48% for her rival...

FIFA World Cup fails to lift Brazil, shows apex bank data

International Finance DeskJuly 9, 2014

by International Finance DeskJuly 9, 2014

Monthly budget deficit in May almost touches all-time high while HSBC survey signals further deterioration in factory sector, reports Team IFM Sao Paolo, July 9: Brazil’s dalliance with fiscal instability continued in May, data released by the country’s central bank on July 1 shows, sinking hopes that the ongoing FIFA World Cup would lift it...