Tag: Real

• Monday, January 16th 2012 - 03:55 UTC

  Brazil prepares for primary surplus target with a start of the year spending freeze

  

  The size of an annual start-of-year spending freeze that the Brazilian government is set to announce by early February will offer hints on how far President Dilma Rousseff and her economic advisers want to cut interest rates.

• Thursday, January 5th 2012 - 05:21 UTC

  Brazil last year had the second-largest inflow of dollars: 65.2bn

  

  Brazil last year recorded the second-largest dollar inflow in its history, 65.2 billion dollars, up 168% from 2010, with most in the form of foreign investment, the Central Bank said on Wednesday.

• Thursday, December 15th 2011 - 18:03 UTC

  After dismal year Brazilian industry expects modest recovery in 2012

  

  Brazilian industry saw 1.8% growth this year, well below expectations, and expansion will be limited to 2.3% in 2012 due to a global economic slowdown, a business group said this week.

• Monday, December 12th 2011 - 19:26 UTC

  Economists downgrade Brazil’s growth estimates for this year and 2012

  

  Brazilian bank economists cut the country’s growth estimate for this year to below 3%, (2.97%) according to a last week survey by the Central bank of over one hundred institutions and which was released Monday.

• Friday, December 2nd 2011 - 00:04 UTC

  Brazil announces measures to stimulate economy and domestic consumption

  

  Brazil's Finance Minister Guido Mantega announced Thursday a package of measures aimed at stimulating the economy and domestic consumption, amid an international crisis mainly affecting developed nations as a consequence of the Euro situation.

• Thursday, November 24th 2011 - 14:50 UTC

  Brazil prepared to lower rates to prop the economy, said President Rousseff

  

  Markets expect Brazilian policy makers will accelerate the pace of interest rate cuts after President Dilma Rousseff said at an event in Brasilia on Wednesday that the country can and is prepared “to use monetary policy” to combat the effects of Europe’s debt crisis.

• Wednesday, November 23rd 2011 - 20:23 UTC

  Weaker currency helps Brazil recover strong trade surplus

  

  Brazil posted a trade surplus of 2.355 billion dollars in October, beating forecasts for a third straight month, outpacing imports in the final days of the month following a recovery in global commodities prices.

• Wednesday, November 23rd 2011 - 20:07 UTC

  Brazil’s Marfrig deeper in the red but beef division manages turnaround

  

  A slump the Brazilian currency Real landed Marfrig deeper in the red despite an improved operating result, lifted by takeovers and better tailoring its beef operations to a shortage of cattle.

• Tuesday, November 1st 2011 - 05:36 UTC

  Brazil’s net debt falls in September to 37.2% of GDP, lowest since 1997

  

  Brazil’s net debt fell in September to its lowest level since 1997, as a 15% decline in the real last month boosted the value of the country’s near-record 353 billion dollars in foreign currency reserves.

• Tuesday, October 4th 2011 - 20:38 UTC

  Weaker Real expected to bolster Brazil’s meat sector exports

  

  A weaker Brazilian Real should give companies in Brazil's meat sector more flexibility to increase export volumes and could also provide a short-term boost to margins.