nt: Thursday, September 03, 2015 4:50 PM Subject: Faria: Brazil Daily Update Brazil's economic outlook deteriorates further According to newspaper Folha de S.Paulo, Finance Minister Joaquim Levy told President Dilma Rousseff on Wednesday that he was becoming increasingly isolated in the federal administration a

sday night in order to prevent Congress from overriding Rousseff's veto on the extension of electricity subsidies until 2042. Furthermore, newspaper Folha de S.Paulo claimed that Petrobras was negotiating with its creditors a six-month delay for the publication of its audited results, which the company denied du

subsidies until 2042. - The local press is also reporting that Dilma and Lula had a serious altercation when they met Tuesday night. - According to Folha de S.Paulo, Petrobras is negotiating with its creditors a six-month delay for the publication of its audited results. This has been prepared solely for inform

the growing corruption scandal that has already ensnared Brazil's biggest builders and the state-run oil giant Petroleo Brasileiro SA, police said. Folha de S.Paulo reported the arrest earlier today. The government's leader in the Senate Delcidio Amaral was also arrested, a press official for the federal police

eptember 03, 2015 4:50 PM EFTA00685296 Subject: Faria: Brazil Daily Update Brazil's economic outlook deteriorates further According to newspaper Folha de S.Paulo, Finance Minister Joaquim Levy told President Dilma Rousseff on Wednesday that he was becoming increasingly isolated in the federal administration

nt: Thursday, September 03, 2015 4:50 PM subject: Faria: Brazil Daily update Brazil's economic outlook deteriorates further According to newspaper Folha de S.Paulo, Finance minister Joaquim Levy told President Dilma Rousseff on Wednesday that he was becoming increasingly isolated in the federal administration a

nt: Thursday, September 03, 2015 4:50 PM Subject: Faria: Brazil Daily Update Brazil's economic outlook deteriorates further According to newspaper Folha de S.Paulo, Finance Minister Joaquim Levy told President Dilma Rousseff on Wednesday that he was becoming increasingly isolated in the federal administration

, as we commented yest=rday, given the hostile political environment, this is probably the best d=al that Levy can get at this moment. - Newspaper Folha de S.Paulo today claims that the federal government's "=ontingenciamento" (budget cuts) could total as much as BRL80bn. It makes s=nse: given the poor fiscal r