MercoPress https://en.mercopress.com/ South Atlantic News Agency en Copyright 2024, MercoPress. https://en.mercopress.com/web/img/en/mercopress-logo.gif MercoPress http://en.mercopress.com/ <![CDATA[Bolsonaro effect on Brazilian markets and currency]]> Brazil shares surged as much as 4.1% to hit an all-time high before retreating to close 3.6% higher. The real firmed 2.4% and posted its best day in 7 months A record high for Brazil shares and a more than 2% gain in the Real, spurred by positive policy moves by the country's new government, helped Latin American markets make a strong start to the New Year and buck gloom in global markets on Wednesday.

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Thu, 03 Jan 2019 07:29:00 GMT
<![CDATA[Black Wednesday for Argentina and Brazil as selloff intensifies across emerging markets assets]]> A run on the peso earlier this year prompted President Mauricio Macri’s market-friendly government to turn to the International Monetary Fund Argentina’s benchmark MerVal stock index closed down 8.8% on Wednesday, its worst daily performance since early 2014, as concerns about trade tensions between the United States and China prompted a selloff across emerging market assets.

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Thu, 28 Jun 2018 11:57:00 GMT
<![CDATA[Brazil's main stock market, Ibovespa ends the year with a 26.85% increase]]> The Ibovespa ends 2017 with a 26.85% gain, and below the 76,977.68 points record level reached in October. Ibovespa, the benchmark stock market index in Brazil, ended the last trading session of the year with a 0.43% rise to 76,402.08 points amid a lack of negative political news and tracking stock markets abroad.

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Fri, 29 Dec 2017 10:06:00 GMT
<![CDATA[Brazil's political adrift situation shocks markets but is a plum day for speculators]]> The Brazilian currency, the Real, weakened 1.5% against the U.S. dollar, after falling about 5% when the news broke. Brazilian markets weakened on Monday after the acting lower house speaker in Brazil's Congress annulled an impeachment vote, though losses were pared as investors bet the move would delay rather than prevent leftist President Dilma Rousseff's removal from office.

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Tue, 10 May 2016 06:56:00 GMT
<![CDATA[S&P sends Brazil's credit rating deeper into junk territory; officials 'surprised']]> S&P cut Brazil's sovereign credit rating to BB from BB+ with a negative outlook, just five months after becoming the first agency to strip it of its investment grade Standard & Poor's downgraded Brazil's credit rating deeper into junk territory on Wednesday, citing its failure to curb its fiscal deficit, in a surprise blow to President Dilma Rousseff`s bid to haul the economy out of its worst recession in decades.

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Thu, 18 Feb 2016 06:57:00 GMT
<![CDATA[Brazil's Real recovers ground after Central bank promises to use all 'instruments available']]> “In this process, all instruments are available for the central bank,” Tombini said. “Foreign reserves are an insurance that could and should be used.” Brazil's depressed currency rebounded Thursday after the head of its central bank vowed to use all instruments in its arsenal to curtail the Real's collapse. Earlier in the day the Real tumbled to an all-time low of 4.248 to the U.S. dollar, but bounced back to 4.023 after central bank President Alexandre Tombini, in an unscheduled press briefing, did not rule out selling part of the country's $371 billion foreign reserves to calm the exchange rate market.

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Fri, 25 Sep 2015 07:17:00 GMT
<![CDATA[Brazil's real sinks against US dollar to lowest rate in 10 years]]> Brazil's currency slips to 2.76 against 1 US dollar The currency closed at R$ 2.76 per US$ 1 dollar. Domestic politics, international oil prices, US Fed measures and Russian ruble drop to blame.

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Wed, 17 Dec 2014 00:53:00 GMT
<![CDATA[Brazil's markets react negatively to Rousseff's re-election; waiting for new finance minister name]]> Bovespa closed Monday down 2.8%; Petrobras was the biggest loser, with shares down 12.3% and the Brazilian Real sank to its lowest value in nine years A sharp drop in Brazil’s financial markets signalled investors are unsure whether the newly re-elected President Dilma Rousseff will take the necessary steps to reinvigorate the country’s stalled economy.

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Tue, 28 Oct 2014 06:47:00 GMT
<![CDATA[Investors on edge waiting for the results of Sunday's voting in Brazil]]> The results on Sunday should be quick in coming since Brazil has implemented a network of electronic balloting with 507.000 voting machines    Latin American currencies weakened on Friday after strong U.S. jobs data was seen as increasing the likelihood of higher interest rates in the world's largest economy, while Brazil markets fluttered in the last trading session before Oct. 5 elections.

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Sat, 04 Oct 2014 10:38:00 GMT
<![CDATA[Brazil’ Bovespa implementing changes to update its benchmark Ibovespa]]> The Ibovespa has remained unchanged since 1968 Brazil’s main stock exchange Bovespa is implementing changes to its benchmark Ibovespa stock index, the first since 1968, in an effort to correct recent distortions and better reflect the performance of local shares.

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Mon, 23 Sep 2013 20:56:00 GMT