Tag: Real

• Tuesday, October 19th 2010 - 03:28 UTC

  Brazil again ups tax on incoming capital; calls for end to the “currency war”

  

  Brazil increased taxes on foreign investments in fixed-income securities for the second time in a month and Finance Minister Guido Mantega said countries trying to defend exports must end the “currency war.”

• Tuesday, October 5th 2010 - 23:20 UTC

  Brazil doubles tax on foreign investors buying local bonds and fixed return assets

  

  Brazil doubled this week the tax on foreign investors buying local bonds or making deposits in fixed returns in an attempt to curb a currency rally that has turned into an issue in the country's presidential race.

• Wednesday, September 22nd 2010 - 07:39 UTC

  Brazil’s central bank buys 5.9 billion USD to contain revaluation of the Real

  

  Brazilian central bank President Henrique Meirelles stepped up dollar purchases to the highest in almost a year this month in a bid to temper gains in the Real.

• Monday, September 20th 2010 - 04:25 UTC

  Brazil’s post-election adjustment “won’t have much influence” on Uruguay

  

  Uruguayan market analysts don’t believe Brazil’s attempts to prevent its currency from continuing to appreciate will have a relevant impact for Uruguay or for its foreign exchange rate.

• Friday, September 10th 2010 - 04:39 UTC

  Brazil’s Real at its highest in eight months; government promises a cap

  

  Brazilian Finance Minister Guido Mantega said the government won’t allow the Real to strengthen excessively as the currency reached its strongest in eight months.

• Saturday, September 4th 2010 - 05:24 UTC

  Petrobras unveils world’s largest public share offering, but there are questions…

  

  The Brazilian state managed oil company Petrobras unveiled on Friday plans to sell up to 64.5 billion US dollars of new stock, in one of the world's largest public share offerings.

• Tuesday, May 25th 2010 - 06:17 UTC

  Fears of Europe’s debt crisis on global recovery hits Brazil’s Real

  

  Brazil’s currency fell Monday over concern Europe’s debt crisis may slow the global economic recovery. The Real slid 0.9% to 1.8704 per U.S. dollar from 1.8534 on May 21. The currency has declined 6.7% this year after rising 33% in 2009.

• Saturday, May 8th 2010 - 06:28 UTC

  Brazil’s Bovespa Confirms Biggest Weekly Decline since February

  

  Brazil’s Bovespa stock index fell for a second day on Friday closing with the biggest weekly decline since February 2009, on concern that Europe’s debt crisis is worsening and rescue packages could have to be extended to Portugal and Spain.

• Friday, May 7th 2010 - 05:27 UTC

  Brazil’s Bovespa Plunges to a 3 Month Low and the Real to January 09 Level

  

  Brazil’s Bovespa stock index plunged Thursday to a three-month low, extending its drop in the past month to 12%, and the Real tumbled as concern Europe’s debt crisis will spread prompted investors to sell higher-yielding assets.

• Wednesday, May 5th 2010 - 02:06 UTC

  Brazil to Announce Exports’ Stimuli Measures to Compensate for Strong Real

  

  The Brazilian Government is expected to announce Wednesday a number of exports' stimulation measures in order to try to compensate the area which claims losses caused by the strong Brazilian currency exchange rate and the drop of global commerce.