Brazil Weekly

In Brazil, candidates are allowed to ask for likes and money – but not votes

In this week’s issue: The most important facts of the week. 


  • Petrobras. Brazil’s oil and gas company has lost the largest labor dispute in its history. The Superior Labor Court ruled that Petrobras must consider employee benefits as part of base salary, as well as pay a BRL 17bn fine to workers and increase its annual payroll by BRL 2bn. In January, the already-indebted company settled a lawsuit worth nearly USD 3bn with U.S. investors.
  • Interest rates. As predicted, the Central Bank kept the basic interest rate at 6.5%. The bank’s president, Ilan Goldfajn, previously...

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