Brazil

• Friday, February 12th 2021 - 09:57 UTC

  Brazilian Central Bank communication triggers confusion in financial markets

  

  Brazil's Central Bank chief Roberto Campos Neto admitted on Thursday that the January interest fixing rate policy meeting release may have generated more confusion in financial markets, instead of more transparency in communications.

• Friday, February 12th 2021 - 09:44 UTC

  Brazil after an accountancy mechanism to extend pandemic emergency payments

  

  Brazilian economy minister Paulo Guedes announced on Thursday that pandemic emergency cash payments to the vulnerable will be extended, but with compensating cost-cutting measures to avoid bankrupting public finances.

• Friday, February 12th 2021 - 09:42 UTC

  Brazilian tourism industry lost some US$ 50bn and 13% of sector jobs in 2020

  

  The Brazilian tourism sector lost 261.3 billion Reais (some US$ 49bn) last year due to the COVID-19 pandemic, the National Confederation of Commerce, Goods, Service and Tourism (CNC) said on Thursday.

• Friday, February 12th 2021 - 09:32 UTC

  Argentina's Patagonia bank teams with Swiss UBS and Banco do Brasil to have a global platform

  

  UBS BB Investment Bank, a joint venture between UBS Group AG and Banco do Brasil SA for South America, reached a collaboration agreement with Argentina’s Banco Patagonia SA.

• Friday, February 12th 2021 - 09:18 UTC

  Brazil congress passes bill granting the central bank greater autonomy

  

  Brazil's lower house of Congress on Wednesday approved the text of a bill granting the central bank autonomy, which will set fixed four-year terms for the bank's president and directors, and tighter rules on their exit from office.

• Thursday, February 11th 2021 - 08:47 UTC

  Brazilian Central Bank says inflation outlook rose for the fifth week running

  

  Brazil's central bank weekly FOCUS survey of some 100 economists and financial institutions indicated that the outlook for inflation in the country rose for the fifth consecutive week, and is getting closer to the bank's target for the year.

• Wednesday, February 10th 2021 - 10:17 UTC

  Bolsonaro moves closer to “old politics” and has Collor de Mello as presidential advisor

  

  TELAM - Brazilian President Jair Bolsonaro made former president Fernando Collor de Mello (1990-1992), who resigned from office in the midst of an impeachment trial for corruption, his advisor and political negotiator. Also, Bolsonaro admitted his estrangement with Vice President Hamilton Mourao.

• Tuesday, February 9th 2021 - 08:37 UTC

  Biden administration aims to closer economic and trade ties with Brazil

  

  The president Joe Biden administration aims to keep strengthening US economic ties and trade with Brazil, White House press secretary Jen Psaki said on Monday during the daily meeting with the media.

• Monday, February 8th 2021 - 10:14 UTC

  Brazil's OECD membership blocked by Bolsonaro's environmental policies

  

  OECD’s environmental policy committee canceled a planned discussion this week about upgrading Brazil’s status in the group, the Folha de Sao Paulo newspaper reported, citing a document.

• Friday, February 5th 2021 - 18:26 UTC

  Brazil anticipates bumper soybean and corn crops despite late drought

  

  Brazil expects to harvest bumper soybean and corn crops in spite of planting and harvesting delays in 2020. A drought late last year delayed sowing of Brazil’s soybeans, and excess rainfall disrupted harvesting in January. This delayed delivery of grain to trading companies and affected Brazil’s ability to export.