AIRLINK 72.59 Increased By ▲ 3.39 (4.9%)
BOP 4.99 Increased By ▲ 0.09 (1.84%)
CNERGY 4.29 Increased By ▲ 0.03 (0.7%)
DFML 31.71 Increased By ▲ 0.46 (1.47%)
DGKC 80.90 Increased By ▲ 3.65 (4.72%)
FCCL 21.42 Increased By ▲ 1.42 (7.1%)
FFBL 35.19 Increased By ▲ 0.19 (0.54%)
FFL 9.33 Increased By ▲ 0.21 (2.3%)
GGL 9.82 Increased By ▲ 0.02 (0.2%)
HBL 112.40 Decreased By ▼ -0.36 (-0.32%)
HUBC 136.50 Increased By ▲ 3.46 (2.6%)
HUMNL 7.14 Increased By ▲ 0.19 (2.73%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.67 Increased By ▲ 1.07 (2.92%)
OGDC 137.75 Increased By ▲ 4.88 (3.67%)
PAEL 23.41 Increased By ▲ 0.77 (3.4%)
PIAA 24.55 Increased By ▲ 0.35 (1.45%)
PIBTL 6.63 Increased By ▲ 0.17 (2.63%)
PPL 125.05 Increased By ▲ 8.75 (7.52%)
PRL 26.99 Increased By ▲ 1.09 (4.21%)
PTC 13.32 Increased By ▲ 0.24 (1.83%)
SEARL 52.70 Increased By ▲ 0.70 (1.35%)
SNGP 70.80 Increased By ▲ 3.20 (4.73%)
SSGC 10.54 No Change ▼ 0.00 (0%)
TELE 8.33 Increased By ▲ 0.05 (0.6%)
TPLP 10.95 Increased By ▲ 0.15 (1.39%)
TRG 60.60 Increased By ▲ 1.31 (2.21%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 7,566 Increased By 157.7 (2.13%)
BR30 24,786 Increased By 749.4 (3.12%)
KSE100 71,902 Increased By 1235.2 (1.75%)
KSE30 23,595 Increased By 371 (1.6%)

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.