Edition:
United Kingdom

Jamie McGeever

UPDATE 1-Brazil central bank chief Campos Neto "comfortable" with inflation outlook

24 Jan 2020

BRASILIA, Jan 24 Brazil's economy is at a stage that requires caution on monetary policy, central bank president Roberto Campos Neto said on Friday, adding that he is "comfortable" with the inflation outlook.

Brazil's growth at mercy of hotly disputed 'expansionary austerity'

21 Jan 2020

BRASILIA Brazil's right-wing government has entered 2020 doubling down on one of the principal economic policies that marked its first year in office: the controversial view that aggressively slashing spending will spur and accelerate economic growth.

Brazil economic activity rises in November, points to solid fourth quarter GDP

16 Jan 2020

BRASILIA Economic activity in Brazil rose in November for the fourth month in a row, a central bank indicator showed on Thursday, pointing to fairly solid economic growth in the fourth quarter.

Brazil services PMI ticks up, but wider growth in activity slowest in 6 months - IHS Markit

06 Jan 2020

BRASILIA, Jan 6 Brazilian economic activity in December grew at its slowest pace in six months, a purchasing managers survey showed on Monday, as a slight improvement in the services sector failed to compensate for a more disappointing performance in manufacturing.

UPDATE 3-Brazil's Braskem to pay nearly $700 mln for salt mining damages

03 Jan 2020

SAO PAULO/BRASILIA, Jan 3 Brazilian petrochemical producer Braskem SA has agreed to a 2.7 billion reais ($667 million) settlement with federal and state authorities in the northeastern state of Alagoas to cover damage caused by a salt mining project there.

Brazil trade surplus shrinks 20% in 2019 to its smallest in four years

02 Jan 2020

BRASILIA Brazil's trade surplus shrank 20% to $46.67 billion last year, official data showed on Thursday, as upwardly revised exports in recent months failed to mask a widespread slump in overseas demand for Brazilian goods over the course of 2019.

Brazil's primary deficit shrinks again, now smallest in over a year

30 Dec 2019

BRASILIA Brazil's public sector finances improved further in November, central bank figures showed on Monday, as the deficit as a share of the overall economy shrank to its smallest in over a year and the national debt fell for the third straight month.

Brazil economic stars align, turning 2020 into 'make or break' year

13 Dec 2019

BRASILIA Conditions for buoyant economic growth in Brazil have rarely, if ever, been better, making 2020 a "make-or-break" year for Latin America's largest and long underachieving economy.

Brazil cuts rates to record low 4.50%, flags cautious approach

12 Dec 2019

BRASILIA Brazil's central bank cut its benchmark Selic interest rate to an all-time low of 4.50% on Wednesday, but indicated that with borrowing costs so low and economic growth starting to pick up, it may mark a pause in the easing cycle, if not the end.

Brazil services sector gets off to solid fourth-quarter start

12 Dec 2019

BRASILIA Services sector activity in Brazil expanded in October far more than economists had expected, figures on Thursday showed, indicating that overall growth in Latin America's largest economy continued to accelerate going into the year end.

World News

China virus toll passes 130 as U.S. weighs flight ban

The death toll from a new coronavirus in China rose sharply to 132 on Wednesday with nearly 1,500 new cases, heaping pressure on Beijing to control the disease as U.S. officials said the White House was weighing whether to suspend all flights to the country.