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Patricia Duarte

Brazil's finance minister Meirelles quits, eyeing elections

Apr 06 2018

BRASILIA/SAO PAULO Brazilian Finance Minister Henrique Meirelles resigned on Friday to weigh a presidential bid in the October elections for the ruling MDB party that will depend on whether President Michel Temer decides to run.

Brazil's GDP weaker than expected in fourth quarter as farm exports slip

Mar 01 2018

SAO PAULO Brazil's economic recovery was weaker than expected in the fourth quarter due to fluctuations in agricultural exports, data showed on Thursday, indicating a gradual but more widely dispersed recovery in Latin America's largest economy.

Brazil central bank sees rate cuts despite stronger job market

Aug 09 2017

BRASILIA Brazil's job market has recovered slightly faster than expected after a deep recession, but that should not prevent the central bank from cutting interest rates in coming months, bank president Ilan Goldfajn told Reuters on Wednesday.

Brazil raises taxes, freezes spending to meet target

Jul 20 2017

BRASILIA Brazil's government on Thursday increased a spending freeze and raised taxes to cover a budget gap this year, reinforcing its commitment to fiscal discipline but dealing a potential blow to fragile economic growth.

Brazil expects to raise $3.2 billion this year from tax hikes: sources

Jul 19 2017

BRASILIA Brazil is likely to announce higher taxes on gasoline on Thursday to help meet this year's budget target during a slow economic recovery, a government source said.

Brazil mulls gasoline tax hike on Thursday -sources

Jul 19 2017

BRASILIA, July 19 Brazil is considering higher taxes on gasoline to help meet this year's budget target during a slow economic recovery, two sources told Reuters on Wednesday.

Brazil crisis should not prevent lowering of inflation goal: official

Jun 13 2017

BRASILIA Brazilian President Michel Temer should move ahead with plans to reduce the 2019 inflation goal despite the political crisis that has roiled his government, a member of the administration's economic team told Reuters on Tuesday.

Brazil's Temer resists new tax hikes to meet fiscal goal: source

Mar 27 2017

BRASILIA Brazilian President Michel Temer is resisting calls from his economic team to implement hefty tax hikes to meet the government's fiscal deficit goal this year, an official familiar with the matter said on Monday.

Brazil mulls tax hikes of $4.6 bln to meet fiscal goal -source

Mar 27 2017

BRASILIA, March 27 The Brazilian government is considering 14 billion reais ($4.6 billion) in tax increases and a spending freeze of 30 billion reais for this year to meet its key fiscal savings goal, a government source said on Monday.

Brazil bank lobby chief tops Temer's finance minister list, source says

Apr 20 2016

By Patricia Duarte, Guillermo Parra-Bernal and Eduardo Simões

World News