Tag: Brazil economy

• Saturday, January 12th 2013 - 11:57 UTC

  Inflation under control says Brazil, but investors not entirety convinced

  

  Brazilian consumer prices ended 2012 near the top of the central bank's target range for the third year running, prompting concern from economists that the country is stuck in a phase of low growth and high inflation.

• Saturday, January 5th 2013 - 05:41 UTC

  Blackouts and agriculture collapse forecasted in drought stricken north-east Brazil

  

  North-east Brazil is suffering its worst drought in decades, threatening hydro-power supplies in an area prone to blackouts and potentially slowing economic growth in one of the country's emerging agricultural frontiers.

• Thursday, January 3rd 2013 - 15:41 UTC

  Brazil posts smallest annual trade surplus since 2002; sales to Argentina drop 20.7%

  

  Brazil posted its smallest annual trade surplus in a decade last year as a sluggish global economy curbed demand for its products despite government efforts to boost exports. Brazil's trade surplus fell 35% to 19.44 billion dollars from the prior year, the weakest performance since 2002, Trade Ministry data showed on Wednesday.

• Thursday, January 3rd 2013 - 00:20 UTC

  Poor performance of Brazilian economy last year: estimates average 0.98% growth

  

  Economists cut their estimates for economic growth in Brazil to 0.98% this year, a central bank survey showed, highlighting the sharp slowdown of an economy that just a couple of years ago was an emerging market star.

• Friday, December 7th 2012 - 05:22 UTC

  Brazil helped by good weather heading for record soybean and corn crops in 2012/13

  

  Brazil held forecasts for a record 2012/2013 soybean crop with the latest estimate from Conab, the Brazilian crop bureau, at 82.6m tons, towards the top of the range of 80.1m-83m tons previously anticipated and representing a jump of more than 20% year on year.

• Friday, November 2nd 2012 - 06:42 UTC

  Brazil tax-incentives for foreigners to develop local debt markets and finance ‘investment projects’

  

  Brazil granted a tax exemption to foreigners who buy mortgage-backed securities or invest in funds that purchase them after sales of new debt supported by real estate loans fell almost 50% this year.

• Wednesday, October 3rd 2012 - 04:29 UTC

  Industrial production picks up in August; stimuli seems to be working

  

  Industrial production in Brazil expanded in August at its fastest pace in 15 months thanks to heavy government stimulus, data showed on Tuesday. Finance Minister Guido Mantega said the jump in industrial output is proof that the worst of Brazil's slowdown is over.

• Friday, September 7th 2012 - 06:33 UTC

  Rousseff announces major shake-up of Brazilian costs beginning with lower power rates

  

  Brazil will cut energy costs for companies and consumers while pressuring banks to lower lending rates to accelerate growth, said President Dilma Rousseff in a speech on national television to commemorate the country’s independence.

• Thursday, September 6th 2012 - 03:34 UTC

  Brazil among the 50 most competitive nations according to WEF report

  

  For the first time, Brazil is among the group of the 50 most competitive nations in the world, says the Global Competitiveness Report, released by the World Economic Forum.

• Saturday, August 18th 2012 - 05:57 UTC

  Central bank announces first signs of Brazilian economy recovery

  

  Brazil's economy enjoys sound fundamentals for sustainable growth, with an economic expansion likely to pick up speed in the next few quarters, Central Bank President Alexandre Tombini said at a business conference Friday.