Tag: Guido Mantega

• Friday, August 29th 2014 - 06:46 UTC

  Mercosur main partners in another attempt to re-launch withering economies

  

  Argentine Economy minister Axel Kicillof left Buenos Aires on Thursday for Brazil, where he will meet with fellow ministers from the country to discuss the current situation of bilateral trade and the automotive industry.

• Tuesday, August 12th 2014 - 05:44 UTC

  Brazilian government anticipates 6% hike in fuel prices, after October election

  

  Brazilian president Dilma Rousseff admitted on Monday the government could increase domestic fuel prices at refineries by up to 6% after the October presidential election. The increase of 5.5% and 6% is a preliminary calculation and is geared to help prop the finances of the government managed oil and gas giant Petrobras.

• Wednesday, August 6th 2014 - 07:57 UTC

  Brazil denies any 'stagflation' and forecasts economy with 'reasonable' growth level in 2015

  

  Brazil is far from stagflation, central bank chief Alexandre Tombini said on Tuesday, forecasting the economy will pick up speed and inflation will ease in coming months. In similar terms Economy minister Guido Mantega said the economy should pick up in the second half of the year after a slow start and hit more “reasonable” growth levels in 2015.

• Saturday, August 2nd 2014 - 08:46 UTC

  Brazilian media call Cristina Fernandez, “inept, arrogant and incompetent”

  

  The leading Brazilian newspapers blasted Argentine president Cristina Fernandez as the sole responsible for the 'default event' which followed the failure of negotiations with holdouts in New York. This despite the fact Brazilian economy minister Guido Mantega denied Argentina was in default and strongly supported the Argentine government.

• Tuesday, July 1st 2014 - 07:41 UTC

  Brazil extends tax breaks on car and furniture industries to boost economy

  

  Brazil will extend a tax break for the car and furniture industries until the end of the year to help boost sales depressed by a slowing economy, the government said on Monday. This measure should also help boost President Dilma Rousseff's bid for re-election next October.

• Thursday, June 26th 2014 - 04:53 UTC

  Job creation in Brazil down, but unemployment still at record lows

  

  Brazil's economy added a net 58,836 payroll jobs in May, the Labor Ministry said, which is the worst figure for May since 1992. Brazil added 105,000 jobs in April.

• Thursday, June 5th 2014 - 06:54 UTC

  Brazil scales back levies on foreign loans to help prop the national currency

  

  The government of Brazil is cutting the tax obligations faced by business receiving foreign loans, opening the door to more financing opportunities, while helping address the problem of the falling value of the national currency, Real.

• Tuesday, June 3rd 2014 - 05:44 UTC

  Good news from Brazil: trade surplus in May and primary surplus in April

  

  Some good news for the beleaguered Brazilian economy and President Dilma Rousseff's bid for re-election next October. According to the latest data supplies by the government, Brazil posted a trade surplus of 712 million dollars in May, recovering from a weak start to the year but still below historical levels.

• Wednesday, April 30th 2014 - 09:22 UTC

  Argentina and Brazil agree to further integrate and prop their auto industries

  

  Argentina and Brazilian officials agreed to continue meeting regularly to solve as soon as possible bilateral trade problems mainly those referred to the auto industry. On Tuesday Argentine Finance minister Axel Kicillof and Industry minister Deborah Giorgi met their Brazilian counterparts, Guido Mantega and Mauro Borges in Brasilia.

• Tuesday, April 29th 2014 - 06:31 UTC

  Argentina and Brazil plan to prop economies by stimulating the auto industry

  

  Argentine Economy Minister Axel Kicillof and Industry Minister Débora Giorgi fly to Brasilia on Tuesday in a bid to swing the automobile trade balance in Argentina’s favor, with the sector accounting for the majority of a total 3.15 billion dollars trade deficit. From Brazil Finance minister Guido Mantega confirmed bilateral discussions on the auto industry and exports.