Tag: Guido Mantega

• Friday, September 21st 2012 - 16:45 UTC

  Mantega says US and Japan have again ignited the “currency war” and Brazil will defend itself

  

  Brazil threatened on Friday a further clampdown on speculative foreign capital, firing a warning shot in the “currency war” Finance minister Guido Mantega blames on money-printing by Western central banks.

• Wednesday, September 19th 2012 - 21:15 UTC

  Don’t wait for the end of the EU crisis: boost trade among emerging economies, recommends Brazil

  

  Brazilian finance minister Guido Mantega said that resolving Europe’s economic problems are likely to drag out over coming years due to a complex and slow process of decision-making in the region and recommended emerging economies to promote domestic consumption and trade among them.

• Wednesday, September 19th 2012 - 01:48 UTC

  Brazil reacts to US stimuli saying it will keep the Real ‘devalued’ and competitive

  

  The latest round of US quantitative easing will create many problems for emerging countries and Brazil will take action to keep the Real from rising in value, Brazilian Finance Minister Guido Mantega said on Tuesday.

• Saturday, September 15th 2012 - 05:24 UTC

  Brazil economic activity picks up in July, but will end below 2% in 2012

  

  Brazil’s economic activity rose more than forecast in July, posting the biggest expansion in almost a year. The non-seasonally adjusted economic activity index rose 2.34% from a year earlier after rising 0.99% in June, the central bank said in a report.

• Wednesday, September 5th 2012 - 05:40 UTC

  Brazil applies 25% tariff increase on 100 imported goods; another 100 list in the making

  

  The Brazilian government approved a 25% tariff increase on an additional list of 100 goods from outside Mercosur and at the same time announced the implementation of a monitoring scheme for those items’ prices in the domestic market to avoid unduly increases.

• Wednesday, September 5th 2012 - 01:01 UTC

  Tax cuts and lower rates help record car sales in Brazil during August: 400.00 units

  

  Brazil car sales rose to a record 400,000 units in August as tax cuts and lower borrowing costs spur consumer spending. Fiat, the country’s biggest automaker, said that tax cuts that took effect in May and were extended last week through October spurred industry sales of cars and light vehicles last month.

• Wednesday, September 5th 2012 - 00:52 UTC

  Brazilian industrial production up 0.3% in July, but still unconvincing

  

  Brazilian industrial production rose a stronger-than-expected 0.3% in July from June, government statistics agency IBGE said on Tuesday. July was the second positive number following three straight months of declining output.

• Thursday, August 30th 2012 - 04:20 UTC

  Brazilian government launches a new round of stimuli to prop consumption

  

  Brazil's government unveiled a host of new measures on Wednesday aimed at increasing investment and consumption as it expanded efforts to boost a sluggish recovery in the world's sixth-largest economy.

• Saturday, August 18th 2012 - 05:50 UTC

  China’s (and the world) leading bank authorized to operate in Brazil

  

  One of the world’s leading banks, the Industrial and Commercial Bank of China (ICBC) has been authorised to operate in Brazil, indicates a Brazilian government decision published on Thursday in the official gazette.

• Wednesday, July 25th 2012 - 20:45 UTC

  Brazil wants WTO to sanction countries that manipulate their currencies

  

  Brazil’s delegate before the World Trade Organization said he was contacting other members of the organization so that sanctions are imposed on those countries which alter artificial money exchange rates that harm emerging countries, according to reports in the financial newspaper Valor Economico.