BRASILIA China will make a billion-dollar investment in the Brazilian port of Sao Luis via China Communications Construction Company , two sources with direct knowledge of the matter said on Wednesday.
BRASILIA, Nov 13 Brazilian President Jair
Bolsonaro and Chinese President Xi Jinping praised their
countries' strong bilateral relations at a meeting on Wednesday,
as sources said a Chinese state firm was prepared to announce a
major Brazil port investment.
BRASILIA Leaders of the BRICS group of leading emerging economy nations meeting this week will discuss opening their development bank to other countries to increase its capital to fund infrastructure and other projects, diplomats and the bank's head said.
BRASILIA, Nov 12 Brazil's private sector is
replacing government spending as the engine of growth in Latin
America's largest economy, an accelerating trend championed by
the government and central bank, but one that will take time to
boost jobs and income, economists said.
BRASILIA Brazilian President Jair Bolsonaro's government unveiled a bundle of wide-ranging reforms on Tuesday, aimed at cutting spending and reducing the size of the state to drive down its chronic fiscal deficit.
BRASILIA Brazil's national debt is expected to continue rising in the coming years, peaking at a new all-time high of 81.8% of gross domestic product in 2022 before reversing course the year after, the Treasury said on Wednesday.
BRASILIA U.S. President Donald Trump and his top diplomat said on Thursday they supported Brazil's taking steps toward joining the Organization for Economic Cooperation and Development (OECD), although it is first backing accession by Argentina.
BRASILIA, Oct 7 Brazil's central bank on Monday
sent a bill to Congress which aims to modernize, simplify and
increase the flexibility of the country's foreign exchange
market, and by extension make it easier and more attractive to
do business in Brazil.
BRASILIA Brazil has privatized or sold state assets worth $23.5 billion in the first nine months of the year, already surpassing its full-year target of $20 billion, the country's economy ministry said on Thursday.
BRASILIA, Oct 1 Brazilian President Jair
Bolsonaro on Tuesday signed a decree with a variety of measures
to expand financing for farmers.