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Marcela Ayres

UPDATE 1-Brazil to announce 3 or 4 large privatizations soon - economy minister

Aug 06 2020

BRASILIA, Aug 6 Brazil's government is set to announce the privatization of three or four large companies within the next 30-60 days, Economy Minister Paulo Guedes said on Thursday, adding that the sales have the blessing of President Jair Bolsonaro.

UPDATE 1-Brazil to focus on income, payroll taxes in next stage of tax reform

Jul 29 2020

BRASILIA, July 29 Brazil's Economy Minister Paulo Guedes said on Wednesday he is very optimistic on pushing through wide-ranging tax reform, with the next stage centering on income and payroll taxes following the proposals on value-added tax earlier this month.

Brazil sheds 1.2 million job in first half of year, but losses slow sharply in June

Jul 28 2020

BRASILIA Brazil's economy lost 1.2 million formal jobs in the first half of the year, official figures showed on Tuesday, but the losses almost evaporated in June, indicating that the labor market is over the worst of the coronavirus crisis.

UPDATE 1-Brazil considers allowing early withdrawal from pensions

Jul 17 2020

BRASILIA, July 17 Brazilian Treasury Secretary Roberto Funchal said on Friday that the government is analyzing the possibility of allowing Brazilians to withdraw money from their pension funds early, as an emergency measure amid the coronavirus crisis.

Brazil central bank chief says V-shaped recovery may not last

Jul 16 2020

BRASILIA Brazilian Central Bank President Roberto Campos Neto said on Thursday that the country's economic recovery so far has been V-shaped, although he expects the pace of growth to slow down from now on.

Communication collapse: Inside Facebook's tussle with Brazil's central bank

Jul 16 2020

SAO PAULO/BRASILIA Allowing millions of Brazilian users of Facebook's WhatsApp to send money as easily as texts seemed a golden opportunity for the world's largest social media company.

Brazil central bank studying 'residual' cut in Selic rate, says Campos Neto

Jul 09 2020

BRASILIA Brazil's central bank is studying recent data showing inflation is somewhat above expectations to see if there is room for a "residual" cut in interest rates, its president Roberto Campos Neto told Reuters.

Brazil central bank chief sees start of 'V-shaped' recovery, limited room for rate cuts

Jul 02 2020

BRASILIA Brazil's economy looks to have begun a "V"-shaped recovery from the worst of the COVID-19 crisis, central bank president Roberto Campos Neto said on Thursday, citing the latest energy, traffic and tax collection data as well as double-digit credit growth.

Brazil emergency aid for low-paid workers jumps to nearly $50 billion

Jul 02 2020

BRASILIA Brazil's emergency payments to low-paid, informal workers hit hard by the COVID-19 crisis stands at around 254 billion reais ($48 billion), more than double all 2020 discretionary spending, a senior Economy Ministry official said on Thursday.

Brazil revises 2020 fiscal outlook, sees 'lost decade' for national debt

Jul 02 2020

BRASILIA Brazil's government on Thursday revised its 2020 fiscal outlook, forecasting significantly higher debt and wider deficits due to the COVID-19 crisis, and said it will be over a decade before public debt falls back to last year's level.

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