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POLITICS

Senate seeks parliamentarism solution 

Senate president Renan Calheiros leads talks to install a new system of government as political crisis draws closer to a decisive point

POLITICS

Government allies admit crisis requires change in administration

Discouraged, congressmen say privately that president has shown being incapable of putting the economy back on track

POLITICS

Lula under pressure to head cabinet

Former president could take over Chief of Staff role or lead the Secretariat of Government

MARKETS

Brazil tests bond markets as ECB cuts rates

Treasury saw strong demand for $1.5bn in ten-year bonds, which will pay 6.125% and benchmark new debt sales

BUSINESS

OAS bondholders likely to buy Invepar stake

Auction of 24% slice in infrastructure holding company happens on Monday, but pension funds may exercise right of first refusal

COMMENTARY

Claudia Safatle

It is time to slow down the rate of inflation

Central Bank will only cut interest rates when it manages to anchor market expectations

Ribamar Oliveira

Waiting for the long-term fiscal adjustment

Given the political crisis that has engulfed the Rousseff government, the economic team is unlikely to submit a credible three-year proposal 

Cristiano Romero

A risk-taking Central Bank

There’s already a debate within the BC whether to lower the Selic policy rate. No consensus has formed yet, but the proposal is on the table

MORE NEWS

• BUSINESS

  Fashion retailers face challenges to replace imports

  Brazilian textile makers are unable to supply new demand, which reaches only 1% the country's estimated 30,000 producers
• BUSINESS

  Auto industry focuses on efficiency after the boom

  Opening of luxury-car plants marks the end of four-year investment cycle totaling R$18bn and that increased capacity to 5m a year from 3.6m
• BUSINESS

  Regulator studies altering rules to lower airline costs

  Proposals include deregulating luggage allowances and expanding passenger rights for ticket cancellations
• BUSINESS

  GRU Airport looking to partner with heavyweight retailers

  Concessionaire of Guarulhos, Brazil’s largest airport, seeks investors to operate commercially leasable area in Terminal 2
• AGRIBUSINESS

  LBE Biotecnologia grows fast with bet on new fertilizer

  
  Company, whose main product is a replacement for nitrogen fertilizers, expects to double revenues this year
• MARKETS

  Central Bank acts to avoid rise in dollar interest rate

  
  Intervention aims to relieve pressure as foreigners sell dollars on the futures market and businesses buy them on the spot market
• POLITICS

  Under fire from prosecutors, Lula could join cabinet

  
  São Paulo prosecutors accused the former president of money laundering and misrepresentation
• ECONOMY

  Installment discount for state debts also offers political gains

  
  Brasília sweetens the terms of state debt renegotiations and benefits key allies, upsetting states that had already cut spending last year
• POLITICS

  Former president leaves door open for ministry appointment

  Cabinet role would provide PT leader with some legal immunity and even raise the prospect of an economic turnaround, but has its own risks
• BUSINESS

  J&J revamps sales channels to navigate crisis

  
  Distribution, in-store marketing and even digital investments are the US multinational's bet to sustain double-digit growth amid downturn
• AGRIBUSINESS

  Pork, poultry producers curb output as inputs squeeze margins

  Dollar price of corn has gone up while processors see difficulty in passing on higher costs to consumers
• MARKETS

  Infrastructure funds get regulatory boost

  
  But economic situation limits supply of tax-exempt bonds since companies are less willing to take on new debt
• BUSINESS

  Azul offers pilots opportunity to work at Chinese airlines

  HNA group is willing to select up to 100 Azul pilots to fly its aircraft in China, while Brazilian airline continues cost-cutting program
• BUSINESS

  Jobless executives turn to entrepreneuring

  
  Facing longer times to find new work after being laid off, experienced executives are preferring to create their own consultancies
• MARKETS

  Big banks’ earnings show resilience in the crisis

  Five largest lenders posted 11.3% increase in their annual net income, but sector foresees decline this year
• POLITICS

  Prosecutors seek R$6bn fine from Odebrecht

  
  Amount would include compensation for criminal charges related to Petrobras corruption scheme and a civil penalty in exchange for leniency deal
• BUSINESS

  Nippon Steel willing to inject R$1bn in Usiminas

  
  Ternium-Techint, the other controlling shareholder, proposes another solution for steelmaker combining capital increase and use of unit’s cash
• ECONOMY

  Zika is Brazil’s most severe problem, Health minister says

  
  Marcelo Castro assures there will be no lack of funds to fight the virus, but advocates approval of shared CPMF
• ECONOMY

  Finance Ministry studies alternative tax revenues for 2016

  Facing prospect of not winning approval for financial-tax CPMF, Finance Minister Barbosa considers increasing social contribution PIS/Cofins
• ECONOMY

  Brazil has “bottomed out,” Development minister says

  
  Armando Monteiro says that BNDES measures announced this week already aim path to recovery
• BUSINESS

  Toymaker Estrela seeks alternatives to return to the black

  
  Controlling shareholder wants to take the company private, but minority holders see potential to improve earnings by repaying tax debt
• ECONOMY

  Political crisis buries expectations of fiscal adjustment this year

  Analysts see complex scenario with or without change in government
• BUSINESS

  Petrobras gets authorization to postpone pre-salt projects

  
  Regulator ANP extends deadline for company to conclude exploration phase in offshore oil finds
• POLITICS

  Odebrecht deletes emails of investigated executives

  
  Company’s IT chief claims system automatically eliminates accounts of workers whose contracts were terminated
• MARKETS

  Banks bet on prepaid cards to increase customer base

  
  Lenders see potential demand from high-income clients and replacement of cash payments