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MercoPress, en Español

Montevideo, November 24th 2024 - 01:10 UTC

Tag: Brazil economy

  • Wednesday, April 11th 2018 - 08:42 UTC

    Brazilian stock exchange leads the world in growth in 2018

    A survey made by the Brazilian government portal shows that the Ibovespa saw the highest growth rates in the world in the first quarter of 2018.

    As Brazil continues to benefit from the return of growth and curbed interest rates and inflation, the São Paulo Stock Exchange has seen an unprecedented growth curve. In addition to achieving historical highs, the Brazilian stock market beat the performance of some of the largest stock exchanges in the planet. This means more people betting on Brazilian companies and the future of the country, according to a report from the Brazilian-American chamber of Commerce.

  • Tuesday, April 10th 2018 - 08:55 UTC

    Temer names trusted official a Mines and Energy minister, ahead of decisive privatizations

    Moreira Franco was previously the Secretary of the Presidency, a minister-level position. He also served as Temer’s infrastructure investment czar

    Brazil’s President Michel Temer named Wellington Moreira Franco to take over the Mines and Energy Ministry, a key portfolio that includes overseeing the proposed privatization of Centrais Eletricas Brasileiras SA (Eletrobras).

  • Tuesday, April 3rd 2018 - 08:43 UTC

    Brazil's unemployment stubbornly remains above 12%

    The unemployment rate in Brazil was at 12.2% in the quarter ended in January and at 12.0% in the last quarter of 2017.

    Despite official announcements that Brazil's recession was turning into a mild recovery, the unemployment rate rose to 12.6% in the quarter ended in February, reaching the highest level since mid-2017 and surpassing market expectations of a 12.5% rate, according to the national statistics office.

  • Saturday, March 3rd 2018 - 10:43 UTC

    Brazil back on the growth path in 2017 after two years of contraction

    The modest growth represented a significant turnaround for Latin America's biggest economy, which contracted 3.8% in 2015 and 3.6% in 2016.

    Brazil's economy grew by a percentage point in 2017 after two years of contraction, government figures showed Thursday, confirming the South American giant's recovery from one of the worst recessions in its history. The agro-industrial sector led the way with 13% growth last year, trailed by the service sector, which showed 0.3% growth. Industrial output remained stable.

  • Friday, February 9th 2018 - 10:16 UTC

    Brazilian inflation in January below the official Central bank target

    The report supported trader bets on a March interest rate cut even after the central bank stated on Wednesday it considered appropriate to end the easing cycle

    Lower power tariffs pulled Brazil's inflation rate below the official target range and even the lowest of forecasts in January. Consumer prices tracked by the benchmark IPCA index rose 2.86% in the twelve months through January, government statistics agency IBGE said on Thursday.

  • Wednesday, January 17th 2018 - 09:29 UTC

    Brazilian stocks at an all time high, as optimism grows recession is over

    Demand for Brazilian assets has been underpinned by expectations that stronger economic growth lifts corporate earnings in 2018.

    Brazilian stocks on Tuesday edged up to an all-time high as optimism over the nation's economic prospects kept an early-year rally alive. The benchmark Bovespa stock index rose 0.3% to 79,951, nearing the 80,000 milestone for the first-time ever.

  • Tuesday, January 16th 2018 - 09:44 UTC

    Meirelles brushes aside impact of S&P's lower rating: 'growth will continue'

    “The reaction to the rating is greater than the rating itself,” Meirelles said. “The question is, ‘Will this have an impact on growth?’, ‘No, growth will continue.'”

    Brazilian Finance Minister Henrique Meirelles said that a recent decision by Standard & Poor’s to cut the nation’s credit rating will not affect 2018 economic growth. Speaking to journalists in Rio de Janeiro, Meirelles added that he was expecting close to 2.5 million jobs to be created in Brazil this year and GDP growth of around 3%.

  • Friday, January 12th 2018 - 10:58 UTC

    S&P downgrades Brazil's credit rating; delay of pension system reform takes the blame

    The decision underscored concerns that a business-friendly reform agenda proposed by unpopular president Temer may stall this year

    Ratings agency Standard & Poor’s cut Brazil’s credit rating further below investment grade on Thursday as doubts grew about a presidential election in October and a push to trim its costly pension system, seen as vital to closing a huge fiscal deficit. S&P lowered its long-term rating for Brazil sovereign debt to BB- from BB previously, with a stable outlook, citing less timely and effective policymaking. S&P also cited a risk of greater policy uncertainty after this year’s elections.

  • Tuesday, January 9th 2018 - 10:01 UTC

    Brazilian stocks edge higher convinced Lula will be barred from running in election

    The rally in Brazilian stocks has been supported by investor betting on a market-friendly winner in this year's presidential elections

    Brazilian stocks edged higher to mark a record close on Monday, underpinned by optimism over the nation's fiscal outlook as well as a strong flow of international investment. The benchmark Bovespa stock index continued its climb following a seven-day string of gains.

  • Saturday, January 6th 2018 - 09:42 UTC

    Brazilian industrial production rose in November for the third month running

    On a monthly basis, half of the 24 industrial sectors surveyed showed an output increase, primarily influenced by pharmaceutical products (+6.5%)

    Brazilian industrial production rose 0.2% in November from a month before, at the same rate as in September and October, surprising market analysts who expected stability. It was the third monthly increase in a row in the industrial output.