Brazil

Levy appears set to remain in post for now, but his ability to fend off a downgrade has been increasingly curtailed

Pre-Games works remain on track, although crime and contamination concerns will not be resolved

Despite high inflation, which has not responded to rate rises, the recession may force a rate cut in the near term

The case is another blow to Brazil's largest construction company, putting projects in both countries at risk

The first-ever primary deficit forecast is an admission that the government has few options to assuage economic fears

Lula's deteriorating image suggests that his higher profile will not aid a weak government facing economic crisis

There is no sign of a pick-up in growth; looser fiscal policy would likely worsen the deficit without prompting rebound

Although Rousseff is not entirely safe from losing office, Neves may also face harmful scrutiny