United States

Jamie McGeever

Brazil pension reform on track to pass by June: speaker

Apr 11 2019

NEW YORK Brazil's pension reform process will pick up momentum after the Easter holidays, staying on track for approval in the lower house in May or June, the lower house speaker Rodrigo Maia said on Thursday.

Brazil economy minister confident on one trillion reais pension reform

Apr 10 2019

Brazilian Economy Minister Paulo Guedes said on Wednesday he is "optimistic" that Congress will pass a pension reform bill that will generate savings of 1 trillion reais ($261.68 billion) over 10 years, in line with the government's ambitious proposal.

Brazil pension savings of 700 billion reais would not be enough: Treasury Secretary

Apr 10 2019

NEW YORK Pension reform in Brazil that delivered savings of up to 700 billion reais ($183 billion) over the next decade might be acceptable for investors, but not the government, Treasury Secretary Mansueto Almeida said on Wednesday.

Brazil's Campos Neto says controlling inflation trumps boosting growth

Apr 10 2019

NEW YORK Brazil's central bank is focused on keeping inflation under control, not targeting growth, even though the economic recovery has undershot expectations and risks remain to the downside, central bank chief Roberto Campos Neto said on Wednesday.

Brazil's political heavy hitters weigh in behind pension reform

Apr 05 2019

CAMPOS DO JORDAO, Brazil The challenge facing Brazilian lawmakers of reforming the country's social security system to put public finances back on track is huge, but one they are meeting head on, finance minister Paulo Guedes said on Friday.

Brazil economy minister defends pension reform in heated hearing

Apr 03 2019

BRASILIA Brazilian Economy Minister Paulo Guedes on Wednesday put up a vigorous defense of the government's proposed pension reform, insisting it is critical to fixing the country's "doomed" social security system but opening the door to some concessions.

Brazil services sector PMI growth points to economy picking up

Apr 03 2019

BRASILIA Growth in Brazilian economic activity picked up to its strongest in over a year in March, driven by solid increases in domestic new orders across both the manufacturing and services sectors, IHS Markit Insight said on Wednesday.

Brazil government bullish on pension reform, foreign investors wary

Apr 02 2019

BRASILIA Senior Brazilian officials charged with steering pension reform through Congress insisted on Tuesday that they had ended recent political finger-pointing that threw the government's key reform bill into doubt, but some U.S. big banks were not convinced.

UPDATE 1-Brazil industrial output up in February, but bigger picture less clear

Apr 02 2019

BRASILIA, April 2 Brazil's industrial output rose in February, driven by solid gains in the production of consumer and capital goods, statistics agency IBGE said on Tuesday.

Brazil trade surplus narrows to $4.99 billion in March as imports rise

Apr 01 2019

BRASILIA Brazil posted a trade surplus of $4.99 billion in March, the Economy Ministry said on Monday, significantly smaller than the same month a year ago thanks to a strong rise in imports.

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