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Marcela Ayres

UPDATE 1-Brazil's Banco Pan prices follow-on share sale at 8.25 reais - sources

1:51am BST

SAO PAULO/BRASILIA, Sept 19 Brazilian lender Banco Pan SA priced its preferred shares at 8.25 reais ($1.98) in a follow-on share offering on Thursday, three sources with knowledge of the matter said.

Exclusive: Brazil to free up 12.5 billion reais to ease budget squeeze - source

19 Sep 2019

BRASILIA Brazil's government will free up 12.5 billion reais ($3 billion) for discretionary spending in its latest bi-monthly spending and revenue report, an Economy Ministry source told Reuters on Thursday.

Brazil tax reform slides into confusion as key official fired, Bolsonaro wades in

12 Sep 2019

BRASILIA A key figure in Brazil's plans to reform the country's complex tax system was fired on Wednesday, government sources told Reuters, reflecting disagreements in cabinet about the form legislation should take.

UPDATE 2-Brazil ups 2019 GDP growth forecast, but keeps iron grip on spending

10 Sep 2019

BRASILIA, Sept 10 Brazil's government on Tuesday slightly raised its 2019 economic growth forecast and said the worst for the economy is probably behind it, but showed no sign it is willing to ease up on its commitment to austerity and strict fiscal discipline.

UPDATE 1-Intervention helps stabilize FX market, says Brazil's Campos Neto

05 Sep 2019

BRASILIA, Sept 5 Currency market interventions serve to stabilize the market, Brazilian central bank president Roberto Campos Neto said on Thursday, in one of his first comments on the issue since the monetary authority's landmark interventions last month.

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.

Brazil steers clear of recession as second quarter GDP growth accelerates

29 Aug 2019

BRASILIA Brazil's economy rebounded strongly in the second quarter after having shrunk in the first, official figures showed on Thursday, indicating Latin America's largest economy comfortably avoided falling back into recession.

Brazil's Campos Neto says GDP may not have grown in second quarter, sees room for stimulus

27 Aug 2019

BRASILIA Brazil's economy was stable or expanded slightly in the second quarter and while growth should pick up in the coming months, low inflation means there is room for more stimulus, central bank president Roberto Campos Neto said on Tuesday.

Export slump fuels widest Brazil current account deficit in years

26 Aug 2019

BRASILIA Brazil's balance of payments position with the rest of the world deteriorated sharply in July, central bank figures showed on Monday, as the current account deficit unexpectedly ballooned to $9 billion, the biggest July shortfall since 2014.

Brazil Treasury secretary admits to pressure to relax spending rule

14 Aug 2019

BRASILIA Brazil's government should resist calls to relax spending cap rules to avoid a sharp deterioration in public finances, Treasury Secretary Mansueto Almeida said on Wednesday.

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