Tag: Real

• Thursday, March 10th 2011 - 22:32 UTC

  Massive inflow of foreign capital into Brazil during first two months of 2011

  

  The inflow of US dollars to Brazil so far this year (Jan-March 4) marks a surplus of 24.3 billion USD over outflows, which helped to further appreciate the Brazilian Real, according to the latest figures released by the Central Bank.

• Saturday, March 5th 2011 - 05:29 UTC

  Carnival hangover could bring capital ‘quarantine’ for speculative inflows

  

  The Brazilian government is considering additional foreign exchange measures to contain the rapid appreciation of the Real, a source inside the Finance Ministry told the Sao Paulo Estado news agency Friday.

• Thursday, February 17th 2011 - 01:58 UTC

  Brazil injects 27 billion USD to subsidized-loans development bank

  

  Brazilian state-run development bank BNDES will receive at least 45 billion Real or 27 billion US dollars from the government to extend its program of low-cost loans for supporting company investments in capital goods, local media reported this week.

• Friday, February 11th 2011 - 06:42 UTC

  Brazil’ central bank forex surpass the 300 billion USD mark…but at a cost

  

  Brazil's forex reserves surpassed the 300 billion US dollars mark for the first time ever this week according to the country's central bank as a result of recent heavy foreign exchange inflows and accelerated US dollar buying by the institution.

• Thursday, February 3rd 2011 - 21:54 UTC

  Brazilian industry loosing world market share to main trading partner, China

  

  Competition with top trading partner China is costing Brazilian industry valuable market share, the National Confederation of Industry (CNI) in South America's largest economy said on Thursday.

• Tuesday, February 1st 2011 - 00:34 UTC

  Rousseff blasts US and China’s currencies’ “competitive depreciation” policies

  

  Emerging market countries such as Brazil and Argentina must take a stronger position against “competitive depreciations,” Brazilian President Dilma Rousseff told Argentine press on Sunday.

• Monday, January 17th 2011 - 20:59 UTC

  Brazilean Central Bank Intervenes in Futures Dollar Market to Stop Real Appreciation

  

  Dilma Rousseff has taken measures to stop the appreciation of the real. The Brazilian Central Bank swapped all of the currency futures contracts in a reverse swap auction. This way the institution headed by Alexandre Tombini disembarks in the futures market.

• Thursday, January 6th 2011 - 20:48 UTC

  Brazil enforces new reserve requirements to weaken the Real vis-à-vis US dollar

  

  The Brazilian currency Real weakened after the central bank introduced reserve requirements on short positions in U.S. dollars held by local banks with the purpose of weakening the Real which this week reached a historic high against the greenback.

• Thursday, January 6th 2011 - 11:00 UTC

  Super Real and imports surge behind Brazil’s smallest trade surplus in eight years

  

  Brazil’s trade surplus fell 19.8% in 2010 to 20.28 billion USD, the smallest in eight years. Exports grew 31.4% to 201.9 billion, a new record, but imports surged 41.6% to 181.64 billion, the Ministry of Development, Industry and Commerce said this week.

• Tuesday, November 23rd 2010 - 02:57 UTC

  Food costs pressure Brazilian consumer prices and interest rate expectations

  

  Brazilian economists raised their forecast for inflation this year for the tenth consecutive week, as food costs pressure consumer prices further beyond the government’s target.