Edition:
United Kingdom

Jamie McGeever

UPDATE 1-Brazil tax revenue rises in Sept as economy rebound boosts corporate taxes

21 Oct 2020

BRASILIA, Oct 21 Brazil's federal tax revenue rose to 119.8 billion reais ($21.4 billion) in September, the revenue service said on Wednesday, marking the second consecutive increase from a year ago as the recovering economy boosted corporate taxes and contributions.

Brazil to join OECD in a year, plans 'digital bank' IPO: economy minister

20 Oct 2020

BRASILIA Brazil expects to join the Organisation for Economic Cooperation and Development club of rich nations within a year, Economy Minister Paulo Guedes said on Tuesday, adding that around two-thirds of the preparatory work has already been completed.

Brazil GDP to shrink 4% this year, economy at 'inflection point': officials

19 Oct 2020

BRASILIA Brazil is at an "inflection point" where less public spending rather than more will deliver stronger economic growth, central bank president Roberto Campos Neto said on Monday, warning that fiscal concerns are harming financial conditions and investment.

UPDATE 2-Brazil retail sales hit record high in August, but momentum slowing

08 Oct 2020

BRASILIA, Oct 8 Brazilian retail sales rose to their highest on record in August, official figures showed on Thursday, the fourth monthly increase in a row as economic activity continued to recover from the worst of the nationwide lockdown measures earlier this year.

Brazil's economic priority is jobs, not fiscal discipline

07 Oct 2020

BRASILIA Brazil won plaudits from investors by insisting its most pressing economic challenge is tackling a record deficit caused by COVID-19, but a growing number of economists say the government's priority should be getting millions of Brazilians back to work.

Brazil services sector expands in Sept for first time since Feb - IHS Markit PMI

05 Oct 2020

BRASILIA, Oct 5 Brazil's services sector expanded in September for the first time in seven months, a purchasing managers' survey showed on Monday, but still shed jobs at a rapid pace and saw a slight decline in expectations.

Brazil manufacturing PMI hits record high 64.9 in September -IHS Markit

01 Oct 2020

BRASILIA, Oct 1 Brazilian manufacturing expanded at a record pace in September, a survey of purchasing managers' activity showed on Thursday, extending a recovery from the worst of the COVID-19 crisis as employment growth hit a decade high and export orders rose for the first time in a year.

UPDATE 1-Brazil registers strongest August formal job growth in a decade

30 Sep 2020

BRASILIA, Sept 30 Formal job creation in Brazil accelerated sharply in August, figures showed on Wednesday, as industry and manufacturing led the strongest job growth in a decade for that month and services finally showed signs of a recovery in employment.

Brazil government posts $17 billion budget deficit in August as emergency spending continues apace

29 Sep 2020

BRASILIA Brazil's government posted a primary budget deficit of 96.1 billion reais ($17 billion) in August, the Treasury said on Monday, as the coronavirus crisis continued to necessitate huge emergency spending.

Brazil's Bolsonaro defends aid for poor as fiscal fears hit markets again

29 Sep 2020

BRASILIA Brazil's President Jair Bolsonaro hit back on Tuesday at accusations his government is using accounting gimmicks to fund a new minimum income program without breaking its spending cap, its most important fiscal rule.

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