Tag: Brazil economy

• Tuesday, May 14th 2019 - 09:45 UTC

  Brazil's Real slides past 4.00 to the US dollar as China/US trade dispute escalates

  

  Brazil’s Real weakened past 4.00 per dollar for the first time in three weeks on Monday as an escalation in the U.S.-China trade war sent emerging markets reeling and a weekly snapshot of domestic growth forecasts fell to a new 2019 low.

• Tuesday, May 14th 2019 - 09:43 UTC

  Brazil plans to reduce import tariffs by ten percentage points in four years

  

  Brazil plans to reduce import tariffs by 10 percentage points during the new government’s four-year term, Economy Minister Paulo Guedes said, a move away from the direction currently being taken by countries such as the United States.

• Thursday, May 9th 2019 - 12:28 UTC

  Brazil central bank leaves interest rates unchanged at 6.5%

  

  Brazil's central bank held fire on interest rates on Wednesday despite lackluster growth in Latin America's biggest economy and uncertainty over President Jair Bolsonaro's ability to push through a much-needed pension reform.

• Friday, May 3rd 2019 - 09:10 UTC

  Agricultural machine makers anxiously waiting for Brazil's new farm credit package

  

  Uncertainty surrounding Brazil’s new farm credit package is worrying executives from the world’s largest agricultural machine makers since a delay on the definition of the program could hurt their sales.

• Friday, April 12th 2019 - 09:45 UTC

  Brazil's lower house speaker forecasts pension reform will be approved by next June

  

  Brazil’s pension reform process will pick up momentum after the Easter holidays, staying on track for approval in the lower house in May or June, the lower house speaker Rodrigo Maia said on Thursday.

• Wednesday, January 23rd 2019 - 07:58 UTC

  Bolsonaro tells Davos he plans to make the “new Brazil” an investment-friendly country

  

  Brazil's newly-elected populist President Jair Bolsonaro addressed the world's business elite in Davos on Tuesday, vowing to transform Latin America's largest economy into a more investment-friendly country. On his first international trip since becoming president, Bolsonaro delivered the keynote speech at the World Economic Forum.

• Friday, December 7th 2018 - 10:01 UTC

  Temer has no regrets and trusts Bolsonaro's government will succeed

  

  Brazilian outgoing president Michel Temer said on Thursday his government will leave a primary budget deficit fewer than 130 billion reais (US$ 33.3 billion) when he hands over the reins to President-elect Jair Bolsonaro on January first.

• Wednesday, October 17th 2018 - 08:45 UTC

  Bolsonaro's foreign policy: following on Trump, “Make Brazil Great”

  

  The far-right front-runner in Brazil’s presidential race plans to put foreign policy in the hands of a diplomat who has praised the nationalist agenda of U.S. President Donald Trump that has shaken the global order, an adviser to the candidate said.

• Thursday, October 4th 2018 - 08:43 UTC

  Brazilian markets soar on prospects of a Bolsonaro victory next Sunday

  

  Brazilian markets soared for a second day on Wednesday on an opinion poll confirming right-wing presidential candidate Jair Bolsonaro was gaining steam ahead of Sunday’s vote and was on track to beat his likely leftist rival in a second-round runoff.

• Friday, September 14th 2018 - 09:25 UTC

  Brazil currency closed on Thursday at a record low on political uncertainty

  

  Brazil's currency closed at a record low of 4.197 to the US dollar on Thursday amid uncertainty and unpredictability surrounding next month's presidential elections. The previous record of 4.166 dated back to January 2016, during a two-and-a-half-year recession.