Brazil

Saturday, December 29th 2012 - 06:19 UTC
Brazil central bank injects more liquidity by lowering reserve requirements

Brazil's central bank announced it would cut reserve requirements on demand deposits under specific conditions to free up around 15 billion Reais (7.3 billion dollars) for lending in a move aimed at boosting investment in the stagnating economy.
Saturday, December 29th 2012 - 04:12 UTC
Brazilian president Dilma Rousseff health ‘within normal levels’

Brazilian President Dilma Rousseff, who survived lymphoma cancer in 2009, was pronounced healthy by doctors after a routine exam. Rousseff's health was “within normal levels,” according to a statement released by her office following the check-up at the Sirio-Libanes Hospital in Sao Paulo, one of South America's leading cancer treatment centers.
Thursday, December 27th 2012 - 05:49 UTC
China’s Industrial and Commercial bank, authorized to open a branch in Brazil

The Industrial and Commercial Bank of China Ltd, the world's largest lender by market value, got the green light from Brazilian regulators to operate a subsidiary in the Latin America's largest economy, the lender said on Wednesday. Brazil's central bank approved the license on Dec 19.
Thursday, December 27th 2012 - 02:52 UTC
Brazil raises minimum wage and lowers taxes on share earnings

Brazil's government announced on Monday it would raise the statutory monthly minimum wage by an above-inflation 9% to 678 Reais (330 US dollars) a month, a rise that comes at the end of a year of tepid economic growth.
Wednesday, December 26th 2012 - 07:30 UTC
Good year ahead for Mexico while investors feel frustrated with ‘Brazil cost’

Brazil and Mexico, Latin America’s two largest economies could be facing a 2013 of contrasting performance and prospects. Brazil has been hit by weakening Chinese demand for commodities, while rival Mexico, the new darling of foreign investors, is posting increasingly strong growth. The figures speak for themselves.
Wednesday, December 26th 2012 - 07:25 UTC
Brazil warns countries that have banned imports of beef because of atypical BSE

The world’s top beef exporter, Brazil, will give countries that curbed imports of its beef after a case of mad cow disease until March to drop the measures or it will file a complaint at the World Trade Organization, farm ministry officials said.
Wednesday, December 26th 2012 - 07:17 UTC
Fuel-price controls force Brazil to import 12bn dollars in oil and refined products

Brazil faces record trade deficits in petroleum products in 2012 and 2013 as a result of government fuel-price controls, problems with its refining system and rising consumer demand, the Folha de S. Paulo newspaper reported last weekend.
Wednesday, December 26th 2012 - 06:43 UTC
The magic of currencies: UK overtakes Brazil as the world’s sixth largest economy

Despite recession and the poor performance Britain has clawed back the ground it lost to Brazil in the rankings of the world's richest economies - but it is not expected to hold on to the spot for long.
Friday, December 21st 2012 - 00:18 UTC
Brazil’s central bank forecasts modest inflation next year and stable interest rate

Brazil's central bank in its latest quarterly inflation report published Thursday, pointed to a modest decline in consumer inflation next year but largely underscoring expectations that its interest rate will remain stable.
Thursday, December 20th 2012 - 05:45 UTC
Brazil re-launches industry to develop high precision rockets and missiles

Brazil is pursuing a multimillion-dollar program to revive and modernize its precision strike technologies with the aim of developing rockets and missiles both for domestic military use and exports.