Tag: Guido Mantega

• Friday, January 4th 2013 - 23:40 UTC

  Brazil appeals to sovereign fund and state companies’ profits to meet 2012 fiscal target

  

  Brazil tapped into its sovereign wealth fund and state companies’ profits in an effort to meet its 2012 fiscal target.

• Tuesday, December 11th 2012 - 16:27 UTC

  The Economist and President Rousseff clash over ‘Brazil cost’ and Mantega

  

  President Dilma Rousseff reiterated she wouldn’t be influenced by The Economist magazine’s call for her to oust Finance Minister Guido Mantega after a growth report that fell short of government forecasts.

• Wednesday, December 5th 2012 - 18:45 UTC

  Brazil extends tax breaks to construction industry to spur growth

  

  The Brazilian government extended tax breaks to the country's construction industry in a new effort to encourage investment and boost flagging growth which is putting pressure on the government to further include other stimuli measures.

• Friday, November 30th 2012 - 23:51 UTC

  Surprisingly disappointing performance of Brazilian economy in third quarter

  

  Brazil on Friday reported slower than expected economic growth in the third quarter putting more pressure on President Dilma Rousseff to make deeper structural reforms and adding to fears that the global slowdown is reaching big emerging markets.

• 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.

• Thursday, November 15th 2012 - 07:18 UTC

  Brazilian economy picks up in third quarter, but doubts remain

  

  The Brazilian economy gained speed in the third quarter central bank data showed on Wednesday, but weaker activity in September suggests that there are still many question marks ahead.

• Thursday, November 8th 2012 - 07:08 UTC

  Brazil says inflation in October peaked and should begin to ease

  

  Brazilian Finance Minister Guido Mantega said on Wednesday that inflation has peaked and indicators are pointing to a retreat to a lower level. Consumer prices rose in October at their fastest pace since April due to higher food prices, government data showed, though a measure of wholesale costs suggested relief should arrive in coming months

• Monday, October 15th 2012 - 18:48 UTC

  Bernanke replies to Brazil and IMF on rich countries monetary easing controversy

  

  Federal Reserve chairman Ben Bernanke has defended the central bank's measures to bolster the US economy. Brazil has said US monetary easing to keep interest rates low and weaken the dollar has hurt emerging economies. And IMF chief Christine Lagarde warned on Sunday of consequent asset bubbles developing in emerging nations.

• Monday, October 8th 2012 - 06:26 UTC

  Brazilian banks have room “to cut consumer lending rates in half”

  

  Brazilian banks have room to cut consumer lending rates in half, Brazil's Finance Minister Guido Mantega said in remarks published this weekend in the O Globo newspaper.

• 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.