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Marcela Ayres

China to announce billion-dollar investment in Brazilian port of Sao Luis: sources

13 Nov 2019

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.

UPDATE 2-Brazil and China hail strong ties, sources cite port deal

13 Nov 2019

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.

BRICS nations to study adding countries to development bank

12 Nov 2019

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.

Brazil private sector does more heavy lifting, but economy still struggling

12 Nov 2019

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.

Brazil unveils reform package to tackle huge fiscal deficit

05 Nov 2019

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.

Brazil national debt to hit new peak 81.8% of GDP by 2022: Treasury

30 Oct 2019

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.

U.S. backs Brazil for OECD membership, but Argentina first

11 Oct 2019

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.

UPDATE 1-Brazil central bank unveils bill to modernize, simplify FX market

07 Oct 2019

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.

Brazil surpasses 2019 target of $20 billion in privatizations

03 Oct 2019

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.

Brazil's Bolsonaro issues decree expanding farm credit

02 Oct 2019

BRASILIA, Oct 1 Brazilian President Jair Bolsonaro on Tuesday signed a decree with a variety of measures to expand financing for farmers.

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