Brazilian presidential challenger Aécio Neves remains ahead of incumbent president Dilma Rousseff in voter support by a two percentage-point margin according to the latest election polls out this week. In polls from both the Ibope opinion research institute and the Datafolha institute, Mr. Neves, of the Social Democratic Party, would take 51% of the valid…
Retail Sales Up 1.1% In August, 2.9% In 2014
by BCR Staff •
Brazil’s retail sales rose in August for the first time in three months, the IBGE statistics institute reported. The institute said sales were up by 1.1% from July, and by 2.9% in the first 8 months of the year compared to the same period in 2013. Sales for the month of August were down, however,…
Marina Silva Endorses Neves Following Platform Commitments
by BCR Staff •
Former presidential candidate Marina Silva gave her endorsement to opposition presidential challenger Aécio Neves Sunday following Neves’ move to strengthen commitments to social policy within his platform. The endorsement came after Mr. Neves released a letter Saturday in which he agreed to carry out political reform as well as strengthen social and environmental policy proposals.…
12-Mo IPCA Inflation Accelerates In September To 6.75%
by BCR Staff •
Brazil’s IPCA consumer price index inflation accelerated in September on rising food and transportation costs to surpass the 6.75% top end of the country’s 12-month inflation target band. The IBGE statistics institute reported inflation surged 0.57% in the month to reach 6.75% on a 12-month basis. The IBGE reported food costs surged 0.78% during the…
Bank Workers Accept 8.5% Wage Increase, End Strike
by BCR Staff •
Brazilian bank workers in most regions of the country voted to accept a proposed pay increase and end a strike begun last week, union leaders said Tuesday. Workers voted to accept a wage increase of 8.5% proposed by the National Bank Federation (Fenaban) after rejecting a previous proposal for a 7.35% increase. Workers had originally…
Ruling Parties Thin In Congress, But PMDB Holds Firm In States
by BCR Staff •
Brazil’s ruling Workers’ Party and Democratic Movement Party lost some representation in congress in Sunday’s election but the latter remained strong in the nation’s states. The parties, which lead president Dilma Rousseff’s governing coalition, lost 23 seats total in the 513 member lower house to hold 136, while the Social Democratic Party representing presidential challenger…
Neves To Face Rousseff In Runoff Vote
by BCR Staff •
Brazilian presidential challenger Aécio Neves Sunday made a last-minute turnaround to surpass Marina Silva for a spot in a runoff election against incumbent president Dilma Rousseff. With 100% of the vote counted, Mr. Neves, of the centrist Social Democratic Party, had 34% of the vote versus 42% for Ms. Rousseff, of the Workers” Party, and…
Polls: Neves Surpasses Silva For 2nd Place On Eve Of Vote
by BCR Staff •
Brazilian presidential challenger Aécio Neves has surpassed Marina Silva in support to grab second place against incumbent president Dilma Rousseff ahead of a first round vote Sunday, the latest polls show. A poll by the Datafolha institute showed Mr. Neves, of the Social Democratic Party, had support from 26% of respondents, compared with 24% for Ms.…
Industrial Output Rises 0.7% In August, But Still Down From 2013
by BCR Staff •
Brazil’s industrial production rose by 0.7% for a second consecutive month in August, though was 5.4% lower than the same month in 2013, the IBGE statistics institute reported. With the latest result, industrial output is down 3.1% so far this year and down 1.8% in the past 12 months. Consumer goods output showed a decline…
US To Pay Brazil $300 Mln To Settle Cotton Dispute At WTO
by BCR Staff •
The U.S. will pay Brazilian cotton producers $300 million to end a long-standing dispute at the World Trade Organization over subsidies to the U.S. cotton industry, U.S. officials said. The accord was made with the stipulation that Brazil relinquish its right under a previous WTO ruling to impose trade sanctions against the U.S. and refrain…
