Silvio Cascione

Brazil sees pension bill as 'starting point' in renewed talks

Oct 27 2017

BRASILIA Brazil's government is sticking with its current pension reform proposal but reckons that a final decision on what could be approved and when will be up to Congress, the country's pensions secretary told Reuters on Friday.

Brazil signals record low rates with slower cuts ahead

Oct 25 2017

BRASILIA Brazil's central bank slowed the pace of monetary easing on Wednesday but signaled it remained likely to cut interest rates to a record low next month, as policymakers seek to boost an incipient economic recovery with inflation under control.

Brazil central bank set to taper rate cuts near record low

Oct 25 2017

BRASILIA Brazil's central bank is set to slow the pace of interest rate cuts on Wednesday, taking its benchmark rate just above an all-time low as the economy finally starts to emerge from recession.

Brazil's central bank trims inflation forecast, sees faster growth

Sep 21 2017

BRASILIA Brazil's central bank trimmed its inflation forecast on Thursday and said it expected economic growth to pick up into next year, painting a rosier picture for Latin America's largest economy as interest rates approach record lows.

Brazil cuts rates to 8.25 percent, signals gradual end to easing

Sep 06 2017

BRASILIA Brazil's central bank slashed interest rates to a four-year low on Wednesday to spur an incipient economic recovery, but said the pace of monetary easing would probably be reduced next month as policymakers prepared to gradually stop cutting rates.

Brazil set to slash rates by another 100 bps to four-year low

Sep 06 2017

BRASILIA, Sept 6 Brazil's central bank is set to cut benchmark interest rates on Wednesday to their lowest since 2013, keeping a fast pace of monetary easing as inflation remains contained during a slow economic recovery.

Brazil's Rio state secures $20 billion through federal rescue plan

Sep 05 2017

BRASILIA Brazil's government announced a financial rescue plan for cash-strapped Rio de Janeiro state on Tuesday that should allow it to pay about 63 billion reais ($20.16 billion) in salaries and debts through 2020.

WTO orders Brazil to remove subsidies, government to appeal

Aug 30 2017

BRASILIA The World Trade Organization on Wednesday gave Brazil 90 days to withdraw several industrial stimulus programs, supporting complaints of unfair competition by Japan and the European Union, a decision the government will appeal.

Brazil's farm lobby to demand broader tax renegotiation program

Aug 24 2017

BRASILIA Brazil's powerful agricultural lobby will insist on greater farmer benefits in a tax renegotiation program, the head of the congressional farm caucus told Reuters on Thursday, defying opposition from the Finance Ministry amid a budget crisis.

Brazil lower house approves main text of BNDES benchmark bill

Aug 24 2017

BRASILIA Brazil's lower house of Congress on Thursday approved the main text of a bill creating a market-based benchmark interest rate for state lender BNDES, in a victory for President Michel Temer.

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