AIRLINK 78.39 Increased By ▲ 5.39 (7.38%)
BOP 5.34 Decreased By ▼ -0.01 (-0.19%)
CNERGY 4.33 Increased By ▲ 0.02 (0.46%)
DFML 30.87 Increased By ▲ 2.32 (8.13%)
DGKC 78.51 Increased By ▲ 4.22 (5.68%)
FCCL 20.58 Increased By ▲ 0.23 (1.13%)
FFBL 32.30 Increased By ▲ 1.40 (4.53%)
FFL 10.22 Increased By ▲ 0.16 (1.59%)
GGL 10.29 Decreased By ▼ -0.10 (-0.96%)
HBL 118.50 Increased By ▲ 2.53 (2.18%)
HUBC 135.10 Increased By ▲ 2.90 (2.19%)
HUMNL 6.87 Increased By ▲ 0.19 (2.84%)
KEL 4.17 Increased By ▲ 0.14 (3.47%)
KOSM 4.73 Increased By ▲ 0.13 (2.83%)
MLCF 38.67 Increased By ▲ 0.13 (0.34%)
OGDC 134.85 Increased By ▲ 1.00 (0.75%)
PAEL 23.40 Decreased By ▼ -0.43 (-1.8%)
PIAA 26.64 Decreased By ▼ -0.49 (-1.81%)
PIBTL 7.02 Increased By ▲ 0.26 (3.85%)
PPL 113.45 Increased By ▲ 0.65 (0.58%)
PRL 27.73 Decreased By ▼ -0.43 (-1.53%)
PTC 14.60 Decreased By ▼ -0.29 (-1.95%)
SEARL 56.50 Increased By ▲ 0.08 (0.14%)
SNGP 66.30 Increased By ▲ 0.50 (0.76%)
SSGC 10.94 Decreased By ▼ -0.07 (-0.64%)
TELE 9.15 Increased By ▲ 0.13 (1.44%)
TPLP 11.67 Decreased By ▼ -0.23 (-1.93%)
TRG 71.43 Increased By ▲ 2.33 (3.37%)
UNITY 24.51 Increased By ▲ 0.80 (3.37%)
WTL 1.33 No Change ▼ 0.00 (0%)
BR100 7,493 Increased By 58.6 (0.79%)
BR30 24,558 Increased By 338.4 (1.4%)
KSE100 72,052 Increased By 692.5 (0.97%)
KSE30 23,808 Increased By 241 (1.02%)

imageNEW YORK: Brazil's President Dilma Rousseff was to meet Sunday with investors in New York on the first day of a long-delayed US visit aimed at overcoming strains caused by the NSA spying scandal.

Revelations two years ago that the US National Security Agency electronically eavesdropped on Rousseff's email and other communications prompted her to angrily call off an official visit to Washington that had been set for October 2013.

The White House has expressed hope that her meeting with President Barack Obama this week will turn the page on an acrimonious chapter in US relations with the South American giant.

The fence-mending trip comes as the Brazilian president faces growing difficulties at home stemming from a faltering economy and a huge corruption scandal at state oil company Petrobras.

Rousseff, who arrived Saturday night, was to kick off her US visit by meeting Sunday in New York with a group of about 20 Brazilian business leaders.

She was to follow that up Monday with a meeting with US and Brazilian business people before speaking at the end of a seminar organized by her government on plans for a major infrastructure program with hundreds of contracts in the offing.

She has a working dinner with Obama at the White House on Monday, followed by their main talks on Tuesday, before she heads to the US West Coast.

Rousseff has proposed $62 billion in spending on infrastructure to stimulate her country's lagging economy, even as she cuts back spending overall by $23 billion to get its books in order.

After experiencing near-zero growth last year, Brazil's once sizzling economy is expect to contract 1.1 percent this year.

Unemployment rose to 6.7 percent in May, and inflation is expected to hit nine percent this year.

Though re-elected to a second term in October 2014, Rousseff's approval rating has plunged to a record low of just 10 percent, making the US trip an opportunity to recast her image at home.

"The domestic importance of this trip is much greater than its external importance," said Carlos Melo, a political scientist at the Insper business school in Sao Paulo.

"Certainly at this moment, it is much more important for Brazil than the United States."

Copyright AFP (Agence France-Presse), 2015

Comments

Comments are closed.