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.
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.
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.
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.
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.
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.
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.
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.
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.
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.