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.…
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…
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…
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…
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…
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.…
