Brazil’s IPCA consumer price index accelerated in mid-October as food and other personal costs rose early in the month, the IBGE statistics institute reported. The IBGE said its IPCA-15 inflation measurement accelerated 0.48% in the period, from a 0.39% advance seen through mid September. With the latest reading, 12-month inflation has reached 6.62%, topping the…
Rousseff Admits Funds Were Diverted From Petrobras
by BCR Staff •
Funds were diverted from Brazil’s state-run oil company Petrobras for political campaigns, and the government will do all possible to see them repaid, President Dilma Rousseff said Sunday. Speaking at a press conference, Ms. Rousseff for the first time admitted that a scheme recently revealed by former Petrobras Director Paulo Roberto da Costa in testimony…
Report: Former Rousseff Aide Got R$1M Donation From Petrobras
by BCR Staff •
Former chief-of-staff for Brazilian President Dilma Rousseff, Gleisi Hoffman, received R$1 million for a senate campaign from state-run oil company Petrobras, the Estado de São Paulo newspaper reported. The revelation was reportedly made by former Petrobras Director Paulo Roberto da Costa in testimony to the police on a series of funds diverted from the company.…
Economic Activity Advances 0.27% In August, 0.93% in 12 Mos
by BCR Staff •
Brazil’s economic activity advanced slightly in August after posting a strong gain the previous month, but remained less than 1% over 12 months, the central bank said. The bank reported the IBC-BR activity index rose 0.27% during the month after a 1.5% increase seen in July. With the latest result, the index has risen 0.93%…
Neves Maintains 2-Percentage-Point Lead Over Rousseff In Polls
by BCR Staff •
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,…
