Edition:
United States

Marcela Ayres

UPDATE 1-Brazil state banks to rely less on Treasury -officials

Jan 07 2019

BRASILIA, Jan 7 The new heads of two Brazilian state lenders on Monday said the banks would depend less on the Treasury for funding, underscoring an overhaul of public-sector banks under new right-wing President Jair Bolsonaro.

Brazil central bank holds rates, hints it may take longer to hike

Dec 12 2018

BRASILIA/SAO PAULO The Brazilian central bank on Wednesday held interest rates at an all-time low, as widely expected, and hinted that it will hold off from raising them for longer than expected.

Appeal to Trump could clinch Brazil OECD membership: ministry

Dec 05 2018

BRASILIA An appeal to U.S. President Donald Trump by President-elect Jair Bolsonaro to lift Washington's opposition could allow Brazil's entry to the Organization for Economic Co-operation and Development (OECD), the finance ministry said on Wednesday.

Brazilian central banker says pension overhaul key to investor trust

Dec 05 2018

BRASILIA, Dec 5 Congressional approval of Brazil's pension system overhaul and other economic reforms is fundamental to keep inflation low and draw abundant foreign investment waiting to enter the country, central bank head Ilan Goldfajn said on Wednesday.

Bolsonaro weighs options to reform complex Brazil tax system: source

Nov 21 2018

BRASILIA Far-right president-elect Jair Bolsonaro, in a bid to reform Brazil's complex tax system, is analyzing three models: a program of gradual adjustment, adopting a value-added tax, or a broader plan that could include a tax on financial transactions, a source with direct knowledge of the proposals said.

Petrobras could get about $7.9 billion from contract revision: source

Nov 14 2018

BRASILIA Brazilian oil company Petroleo Brasileiro SA could receive some 30 billion reais ($7.9 billion) from the government in a renegotiation of the "transfer of rights" oil contract, a person following the process told Reuters on Wednesday.

UPDATE 1-Brazil central bank sees inflation peaking in Q2 2019

Nov 06 2018

BRASILIA, Nov 6 The Brazilian central bank on Tuesday forecast that inflation is likely to peak in the second quarter of 2019 before easing towards its target, adding that underlying inflation was at "appropriate" levels.

UPDATE 2-Brazil holds rates as far-right victory allays fears of FX sell-off

Oct 31 2018

BRASILIA, Oct 31 Brazil's central bank on Wednesday held interest rates at an all-time low less than a week after the victory of far-right lawmaker Jair Bolsonaro in presidential elections allayed fears of a currency sell-off.

After converting Bolsonaro, free-market guru must convince Brazil

Oct 24 2018

BRASILIA After making his fortune with contrarian bets in financial markets, Brazilian economist and investor Paulo Guedes is making his boldest wager yet.

After converting Bolsonaro, free-market guru must convince Brazil

Oct 24 2018

BRASILIA After making his fortune with contrarian bets in financial markets, Brazilian economist and investor Paulo Guedes is making his boldest wager yet.

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