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United Kingdom

Marcela Ayres

Brazil government to freeze $1.2 billion, cut growth estimates -sources

21 May 2019

BRASILIA The Brazilian government plans to freeze a further 5 billion reais ($1.22 billion) in spending as part of a periodic budget review, two sources said on Monday, adding that official GDP growth estimates will be cut to 1.6% for 2019.

Brazil pension committee chief says government still well short of pension reform votes

20 May 2019

BRASILIA Brazil's President Jair Bolsonaro on Monday emphasized the importance of pension reform to Brazil's economic progress, but a powerful lawmaker said the president's failure to engage with Congress means the bill is still well short of the votes needed for it to pass.

Brazil won't sacrifice curbing inflation for growth, says cenbank chief

16 May 2019

BRASILIA Brazil's central bank will not sacrifice controlling inflation for boosting growth, even though policymakers are disappointed with the economy's performance this year, central bank president Roberto Campos Neto said on Thursday.

Brazil government, central bank nod to rapidly deteriorating GDP, fiscal position

14 May 2019

BRASILIA Brazil's government and central bank said the country's economic and fiscal health was deteriorating rapidly, as yet another economic indicator on Tuesday suggested the country may be sliding closer toward recession.

Brazil to cut 2019 GDP forecast below 2% as fiscal picture worsens

14 May 2019

BRASILIA Brazil's government will cut its 2019 economic growth forecast to below 2% and seek supplementary funding from state-run BNDES development bank to meet current expenditure and avoid breaking its fiscal rules, Economy Ministry officials said on Tuesday.

Brazil's CAOA eyes Chinese partner to take over Ford plant

13 May 2019

BRASILIA/SAO PAULO, May 13 The founder of Brazilian automaker CAOA said on Monday he is negotiating with Chinese business executives to make a joint acquisition of a Ford Motor Co plant near Sao Paulo.

UPDATE 1-Brazil primary budget deficit narrows more than expected in March

30 Apr 2019

BRASILIA, April 30 The Brazilian government's primary deficit narrowed more than expected in March, but in nominal terms rose as a share of gross domestic product over the year, the central bank said on Tuesday.

UPDATE 3-Brazil ups pension reform savings goal by 15 pct to 1.237 trillion reais

25 Apr 2019

BRASILIA, April 25 Brazil's Economy Ministry on Thursday raised its projected savings from its pension reform bill over the next decade to 1.237 trillion reais ($312 billion), well above the "minimum" 800 billion reais President Jair Bolsonaro said he expects.

Brazil markets cheer as pension reform passes congressional hurdle

24 Apr 2019

BRASILIA Brazilian markets rose on Tuesday after the path was cleared for a congressional committee vote on pension reform, a sign that the government is finally getting political backing for the most important element of its economic reform agenda.

Brazil growth forecasts tumble as key pension reform vote looms

22 Apr 2019

BRASILIA Economists continue to slash their forecasts for Brazilian economic growth this year, according to a closely watched survey published on Monday, intensifying the spotlight on a key Congressional vote on pension reform later in the week.

World News

Europeans vote, with EU future in balance

Europeans vote on Sunday in an election expected to further dent traditional pro-EU parties and bolster the nationalist fringe in the European Parliament, putting a potential brake on collective action in economic and foreign policy.