The government’s proposal for a new public fund to finance infrastructure has deservedly received a hostile reception from local commentators.

The battle over the port law is intensifying.

Local commentators react to the apparent turning point in monetary policy.

Job creation and wage rises have slowed but the labour market should remain tight in 2013.

As expected, congress has voted overwhelmingly to reject a presidential veto, and to distribute royalties from existing oil concessions more equally between states.

In its statement accompanying Wednesday's decision to hold interest rates at 7.25%, the bank clearly signalled the possibility of future rate rises.

Our survey of funds suggests that investing in service providers to the large road and rail concessions is a rising priority. Respondents also reported increased optimism about exits and fundraising.

Over the last few months as Brazil’s economic recovery has struggled to gain momentum, policymakers have at least been able to rely on the spending power of the consumer. Now it seems that spending is coming under serious pressure.