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Jamie McGeever

Trump threats drive historic Brazil, Mexico currency divergence

Jun 14 2019

BRASILIA The fate of Latin America's two main currencies have contrasted so much lately that traders and analysts are questioning whether Brazil's real can keep rallying while the Mexican peso slides.

UPDATE 1-Brazil services activity grows 0.3% in April, first rise this year

Jun 13 2019

BRASILIA, June 13 Services activity in Brazil rebounded in April from a sharp fall in the previous month, government statistics agency IBGE said on Thursday, marking the first rise this year, although growth was slower than economists had expected.

UPDATE 1-Brazil April retail sales surprisingly fall, hinting at weak 2nd-qtr growth

Jun 12 2019

BRASILIA, June 12 Retail sales in Brazil unexpectedly fell in April, government statistics agency IBGE said on Wednesday, another indication that the economy's broad-based weakness in the first quarter of the year is spilling over into the second.

UPDATE 1-Brazil inflation slows in May, first decline this year

Jun 07 2019

BRASILIA, June 7 Consumer price inflation in Brazil eased in May, government statistics agency IBGE said on Friday, with the first annual decline this year offering an early sign that inflation may have peaked and is heading back towards the central bank's target.

Brazil inflation to fall for first time this year: Reuters poll

Jun 06 2019

BRASILIA Brazil's annual rate of inflation likely eased in May, according to a Reuters poll of economists, falling for the first time this year in a sign that it may have peaked, while remaining well above the central bank's target.

UPDATE 1-Brazil services activity shrinks again, ringing recession alarm

Jun 05 2019

BRASILIA, June 5 Economic activity in Brazil shrank in May, IHS Markit's monthly purchasing managers index surveys showed on Wednesday, raising the risk that Latin America's largest economy could be back in recession.

Brazil economy chief slams 'excessive' bank profits, urges competition

Jun 04 2019

BRASILIA Brazilian banks are chalking up "excessive" profits, Economy Minister Paulo Guedes said on Tuesday, adding that the country needs an injection of competition to end what he called the cartels that dominate many of its major sectors.

UPDATE 1-Brazil industrial output up less than expected in April, reflects weak Q2 growth outlook

Jun 04 2019

BRASILIA, June 4 Industrial production in Brazil rose 0.3% in April from March, government statistics agency IBGE said on Tuesday, less than half the rate expected and another sign that the economy is struggling to gain momentum.

Brazil may trade surplus widens, but bigger picture not as rosy

Jun 03 2019

BRASILIA Brazil's trade surplus widened in May to $6.42 billion, the Economy Ministry said on Monday, its biggest so far this year and driven by a 5.6% rise in exports from the month before.

UPDATE 1-Brazil manufacturing grinds to a halt, raises recession fears

Jun 03 2019

BRASILIA, June 3 Growth in Brazilian manufacturing activity slowed to its weakest pace in ten months and virtually ground to a halt in May, data on Monday showed, the latest sign that Latin America's largest economy may be slipping towards recession.

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