United States

Jamie McGeever

UPDATE 3-Brazil's real and rate futures tumble as markets adjust to dovish central bank

4:41pm EDT

BRASILIA, Sept 19 Brazil's currency and market-based interest rates fell sharply on Thursday after the central bank slashed borrowing costs to an all-time low and signaled it was prepared to do so again in the coming months.

UPDATE 2-Brazil cuts rates to record low, sees room for more

Sep 18 2019

BRASILIA, Sept 18 Brazil's central bank cut its benchmark interest rate to a new record low of 5.50% on Wednesday as expected and suggested more rate cuts are in the pipeline, highlighting an increasingly uncertain global outlook and tame domestic inflation.

UPDATE 1-Speculators turn against Brazil's real, hold biggest short since 2014

Sep 13 2019

BRASILIA, Sept 13 Hedge funds and speculators on U.S. futures markets turned aggressively against the Brazilian real in the latest week, building up their largest bet in five years on it falling, figures on Friday showed.

The key to strengthening Brazil's fragile economic recovery? Brazilians

Sep 13 2019

BRASILIA Brazilian investors have kept faith in their financial markets this year while foreigners have steered clear, but if their confidence fades, so too might the nascent recovery in Latin America's largest economy.

Brazil rates to hit new low, but dovish outlook less certain - Reuters poll

Sep 13 2019

BRASILIA Brazil's central bank is expected to cut its benchmark interest rate to a new low on Wednesday, according to a Reuters poll of economists, as it tries to boost a lackluster economic recovery and prevent inflation from falling too far below target.

UPDATE 1-Brazil economic recovery stalls in July, central bank index shows

Sep 13 2019

BRASILIA, Sept 13 Economic activity in Brazil fell slightly in July, a central bank indicator showed on Friday, running counter to other data that had suggested the economy started the third quarter on a solid footing.

UPDATE 1-Brazil services activity in July rises at fastest pace this year

Sep 12 2019

BRASILIA, Sept 12 Brazil's services sector grew in July at its fastest pace this year, official figures showed on Thursday, another indication that Latin American's largest economy started the third quarter on a solid footing.

Brazil tax reform slides into confusion as key official fired, Bolsonaro wades in

Sep 11 2019

BRASILIA A key figure in Brazil's plans to reform the country's complex tax system was fired on Wednesday, government sources told Reuters, reflecting disagreements in cabinet about the form legislation should take.

UPDATE 1-Brazilian consumers go shopping as July retail sales smash forecasts

Sep 11 2019

BRASILIA, Sept 11 Brazilian retail sales in July chalked up their biggest rise so far this year, government statistics agency IBGE said on Wednesday, smashing forecasts and signaling that the economy started the third quarter on a solid footing.

UPDATE 2-Brazil ups 2019 GDP growth forecast, but keeps iron grip on spending

Sep 10 2019

BRASILIA, Sept 10 Brazil's government on Tuesday slightly raised its 2019 economic growth forecast and said the worst for the economy is probably behind it, but showed no sign it is willing to ease up on its commitment to austerity and strict fiscal discipline.

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