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Gabriel Ponte

UPDATE 1-Brazil's Guedes says weak FX due to low interest rates 'absolutely natural'

20 Feb 2020

BRASILIA, Feb 20 Brazil's Economy Minister Paulo Guedes said on Thursday that a weaker domestic currency should come as no surprise, given that interest rates have fallen so much, and said he was confident that economic growth will exceed 2% this year and beyond.

UPDATE 2-Brazil's Campos Neto says central bank ready to intervene in FX again if required

18 Feb 2020

BRASILIA, Feb 18 Brazil's central bank president, Roberto Campos Neto, said on Tuesday the bank is ready to intervene in the foreign exchange market to address illiquidity or excessive market moves in the local currency, the real, as it did last week.

Brazil looks to smooth impact of oil price spikes: minister

06 Jan 2020

BRASILIA Brazil's government is working on a policy to reduce the local impact of spikes in international oil prices, officials said on Monday, reviving questions about the state oil firm's independence in setting fuel prices.

UPDATE 1-Brazil looks to smooth impact of oil price spikes - minister

06 Jan 2020

BRASILIA, Jan 6 Brazil's government is working on a policy to reduce the local impact of spikes in international oil prices, officials said on Monday, reviving questions about the state oil firm's independence in setting fuel prices.

Brazil meat-packers should organize to avoid facing corn shortages in 2020

04 Dec 2019

BRASÍLIA Demand for Brazilian corn in export markets and low inventories mean meat-packers will need to plan to avoid facing shortages early in 2020, the head of national grain grower group Aprosoja said on Wednesday.

UPDATE 1-Brazil meat-packers should organize to avoid facing corn shortages in 2020

04 Dec 2019

BRASÍLIA, Dec 4 Demand for Brazilian corn in export markets and low inventories mean meat-packers will need to plan to avoid facing shortages early in 2020, the head of national grain grower group Aprosoja said on Wednesday.

Less oil hitting Brazil beaches, officials say, with damages in the billions

04 Nov 2019

BRASILIA Brazil's government said on Monday that the flow of mysterious crude oil hitting the country's northeastern beaches has slowed, adding that the cost of the disaster could reach into the billions of reais.

Brazil president sees crime behind mystery oil slicks

08 Oct 2019

RIO DE JANEIRO/BRASILIA Brazilian President Jair Bolsonaro said on Tuesday that mysterious oil slicks polluting northeastern beaches likely had criminal origins, without explaining further.

Brazil 2020 budget proposals show no let-up in squeeze

30 Aug 2019

BRASILIA Brazil's government faces another year of strict fiscal discipline, its 2020 budget proposals on Friday showed, as it battles to bring spending under control, shrink the deficit, and gradually move the public accounts closer to balance.

UPDATE 2-Brazil tax reform to enter congressional committee by Oct. 8 -lawmaker

13 Aug 2019

BRASILIA, Aug 13 A constitutional amendment to overhaul Brazil's tax system, potentially comprising proposals from the government and lawmakers, will be put to a special congressional committee by Oct. 8, the bill's coordinator Aguinaldo Ribeiro said on Tuesday.

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