Brazil
Brazil is the largest country in South America in area and population. It was one of the world’s fastest-growing economic powerhouses from 2000 to 2010, but the boom appeared to sputter in 2011. The country’s meteoric rise occurred under the stewardship of Luiz Inacio da Silva, who served as president from 2002 to 2011.
Brazil’s current administration, headed by Dilma Rousseff, has faced discontent from a growing middle class over its preparations for the World Cup in 2014 and an array of lavish projects conceived when economic growth was surging that now stand abandoned, stalled or wildly over budget. Despite facing fierce criticism over her economic policies, Rousseff was narrowly re-elected to a second term as president on October 26, 2014.
Scroll below to learn more about Brazil using our article archive and chronology of breaking news.
CHRONOLOGY OF COVERAGE
JUN. 12, 2015
Brazilian investors rely overwhelmingly on nation's three largest banks for asset management, paying fees that would shock Americans; mutual funds in country charge average annul fee of 3.14 percent, more than triple the American rate; critics say habit and tradition keep customers loyal to Banco do Brasil, Banco itau and Banco Bradesco. MOREJUN. 4, 2015
Brazil's larger companies are luring investors again, although economy is still recovering from recession; energy firm Petrobras has raised more than $11 billion in past two months; Brazilian subsidiary of Telefonica raised $1.4 billion in May. MOREMAY. 27, 2015
Brazilian police arrest Italian mob boss Pasquale Scotti, who was on run for 30 years and was convicted of killing more than 20 people in 1980s. MOREMAY. 22, 2015
Brazilian society has sense of despair over relatively common killings of residents by police; at least 2,212 people were slain by police in country in 2013; killings by police are particularly rising in Rio de Janeiro; deaths are often grimly accepted in Brazil as normal circumstance in country beset with and tired of violent crime. MOREMAY. 22, 2015
Brazilian investment firm First plans to raise largest impact investing fund in country, backed by $7 million from Oblate International Pastoral Investment Trust, which was established by international order of Roman Catholic Church; investment points to growing interest among Catholic groups in using capitalism to address issue of inequality, as recommended by Pope Francis. MORE
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