Brazil

Brazil's Rousseff drops plan to restore unpopular tax: media

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BRASILIA - President Dilma Rousseff has dropped the idea of reinstating a tax on financial transactions to bridge a gaping fiscal deficit after it ran into a barrage of criticism even from within her coalition, Brazilian media reported on Sunday.

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Brazilian weekly says Lula lobbied for Odebrecht in Cuba 6:00am BST

BRASILIA - A Brazilian news magazine has accused former president Luiz Inacio Lula da Silva of acting as lobbyist in Cuba for Brazil's largest engineering firm Odebrecht, which built the container terminal at the Cuban port of Mariel.

Brazilian weekly says Lula lobbied for Odebrecht in Cuba 5:55am BST

BRASILIA, Aug 30 - A Brazilian news magazine has accused former president Luiz Inacio Lula da Silva of acting as lobbyist in Cuba for Brazil's largest engineering firm Odebrecht, which built the container terminal at the Cuban port of Mariel.

Petrobras reaches deal for reorganization of Sete Brasil -newspapers 29 Aug 2015

BRASILIA, Aug 28 - Brazilian state-run oil company Petrobras and other investors reached an agreement to approve the restructuring plan of ailing oil-drilling-rig builder Sete Brasil ParticipaƧƵes SA, two leading local newspapers reported on Friday.

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Brazil economy sinks into worse-than-expected recession 28 Aug 2015

SAO PAULO - Brazil's economy shrank 1.9 percent in the second quarter, sinking into a recession that has hammered President Dilma Rousseff's popularity as she struggles to save the country's investment-grade credit rating amid a vast corruption scandal.

UPDATE 3-Brazil economy sinks into worse-than-expected recession 28 Aug 2015

SAO PAULO, Aug 28 - Brazil's economy shrank 1.9 percent in the second quarter, sinking into a recession that has hammered President Dilma Rousseff's popularity as she struggles to save the country's investment-grade credit rating amid a vast corruption scandal.

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Moody's cuts 2016 global growth forecasts 28 Aug 2015

LONDON - Credit rating firm Moody's cut its 2016 global economic growth forecasts on Friday, with China and United States both trimmed and Russia and Brazil seen staying in recession.

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Moody's cuts 2016 global growth forecasts 28 Aug 2015

LONDON - Credit rating firm Moody's cut its 2016 global economic growth forecasts on Friday, with China and United States both trimmed and Russia and Brazil seen staying in recession.

UPDATE 2-Brazil budget deficit widens in July, jeopardizes fiscal goal 28 Aug 2015

BRASILIA, Aug 28 - Brazil's primary budget deficit widened more than expected in July, central bank data showed on Friday, threatening government efforts to eke out at least a small surplus this year to fend off a debt-rating downgrade.

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Brazil economy sinks into worse-than-expected recession 28 Aug 2015

SAO PAULO - Brazil's economy shrank 1.9 percent in the second quarter, sinking into a recession that has hammered the popularity of President Dilma Rousseff as she struggles to save the country's investment-grade credit rating amid a vast corruption scandal.

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Thai police hunt more suspects after Bangkok bomb arrest

BANGKOK - Police probing Thailand's deadliest bombing widened their search for more suspects on Sunday after a foreigner was arrested and stacks of fake passports and bomb-making materials found during a raid on a Bangkok apartment block.