Posted on January 27, 2009 by Brazil Institute
Andre Soliani and Iuri Dantas-Bloomberg, 01/27/2009
Brazil’s government froze about 6 percent of this year’s planned spending before interest payments as flagging economic growth erodes tax collection.
The government, which in the past has held back money released by yearend, is freezing 37.2 billion reais ($16.1 billion) of its 609.8 billion reais budget spending, Budget Minister [...]
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Posted on January 27, 2009 by Brazil Institute
Steve Scherer-Bloomberg, 01/27/2009
Italy recalled its ambassador to Brazil “for consultations” after the Brazilian government decided against extraditing Cesare Battisti, who has been convicted in Italy of involvement in four murders.
Ambassador Michele Valensise was told today to return to Rome after “the grave decision taken on the Battisti case,” according to an e-mailed statement from [...]
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Posted on January 27, 2009 by Brazil Institute
Reuters, 01/27/2009
Brazilian stocks rose on Tuesday, boosted again by commodity and banking shares, while the national currency seesawed around the break-even mark early in the session.
The Bovespa index of the Sao Paulo stock exchange rose 0.62 percent to 38,746.78, rising for a third straight session.
Petrobras, the state-run energy company, was up 0.63 percent, trading at [...]
Filed under: Trade, Economy and Development | Tagged: brazil economy, brazil stocks | Leave a Comment »
