Tag: Brazilean Central Bank

• Tuesday, February 26th 2013 - 10:46 UTC

  Brazil: current account deficit outpacing FDI expected to continue for two months

  

  Brazil’s current account deficit surged to a record high in January, outpacing foreign direct investment for the third straight month because of the widening trade gap according to central bank data.

• Friday, February 22nd 2013 - 01:51 UTC

  Brazilian economy expanded 1.35% in 2012 and 4% is projected for this year

  

  Brazil's economy grew 1.35% in 2012, above the market forecast of 1 percent, according to the Central Bank estimate. The official and final figure will be released by the Brazilian Institute of Geography and Statistics (IBGE) on March 1.

• Friday, November 23rd 2012 - 21:15 UTC

  Brazil steering its currency to competitive ground for manufacturing

  

  Brazil's exchange rate is at a reasonable level though not totally satisfactory said Finance Minister Guido Mantega on Friday, in an indication that the government is prepared to further weaken the Real to boost a still weak economy.

• Tuesday, October 23rd 2012 - 07:14 UTC

  Sao Paulo police arrest former head of bankrupt Brazilian bank

  

  Police in Sao Paulo said on Monday they had arrested the former head of bankrupt Brazilian lender Banco Cruzeiro do Sul on charges of money laundering and crimes against the country's financial system and capital markets.

• Tuesday, October 23rd 2012 - 00:49 UTC

  Brazil central bank takes over mid-size bank; seventh bail-out since 2010

  

  Brazil’s central bank took control of Banco BVA SA (BVA), the seventh lender seized or bailed out by regulators since 2010, after finding violations of industry standards and deteriorating finances.

• Thursday, September 6th 2012 - 03:30 UTC

  Brazil sold 1.25bn dollar global bonds due in 2013 at lowest borrowing cost ever

  

  Brazil on Wednesday sold 1.25 billion in dollar-denominated global bonds due in 2023, at the cheapest borrowing costs ever from foreign investors. High demand allowed the government to improve financing conditions by lowering the bond's yield spread over comparable US Treasury debt to 110 basis points from an initial 115 basis points.

• 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.

• Wednesday, August 8th 2012 - 06:47 UTC

  Poll shows deeper interest rates cuts expected from the Brazilian central bank

  

  Weak economic growth will likely prompt Brazil's central bank to cut interest rates deeper than previously expected this year, a weekly central bank survey of economists showed on Monday.

• Tuesday, July 24th 2012 - 01:56 UTC

  Brazil central bank insists inflation under control and growth picks up in second half

  

  The jump in Brazilian consumer prices this month was a temporary reversal and won’t jeopardize the government’s 4.5% inflation target this year, central bank President Alexandre Tombini said on Monday.

• Monday, July 23rd 2012 - 08:55 UTC

  Brazil corrects IMF: outdated facts, credit expansion slower and inflation under control

  

  The Brazilian government questioned as outdated the latest IMF report, released Friday July 20, in which the Fund calls for more domestic savings and greater attention to inflation.