Brazil to begin taxing sports betting, aiming to boost revenues
BRASILIA (Reuters) – Brazil’s government issued an executive order on Tuesday to initiate taxation on sports betting, in line with a measure announced by President …
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Brazil motor maker WEG posts Q2 net profit up 50%
SAO PAULO (Reuters) – Brazilian motor maker WEG SA reported a 50% jump in net profit, saying that “good demand” in the main regions where …
Brazil eyes taxes on shareholder payouts, closed-end funds to balance 2024 budget -sources
By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) – Brazil’s government is considering changes to the taxation of closed-end funds and shareholder payouts in order …
Fashion retailer H&M to launch in Brazil
COPENHAGEN (Reuters) -Fashion retailer H&M will launch stores and online trade in Brazil in 2025, the company said on Monday. H&M opened its first store …
Brazil services activity up more than expected in May
SAO PAULO (Reuters) – Services activity in Brazil grew by much more than expected in May from the previous month, data from statistics agency IBGE …
Brazil likely registered deflation in June, adding to rate cut case: Reuters Poll
By Gabriel Burin (Reuters) – Brazil likely registered mild deflation in June in monthly terms from lower fuel costs and cheaper foodstuffs, adding to the …
Analysis: Decades of US corn export dominance fade as Brazil seizes top supplier crown
By Karl Plume CHICAGO (Reuters) – U.S. corn export dominance is fading in an increasingly competitive global marketplace as Brazil, aided by a new supply …
Brazil removes tourism minister as Lula seeks support for reforms
BRASILIA (Reuters) – Brazilian President Luiz Inacio Lula da Silva on Thursday replaced his tourism minister, the first cabinet reshuffle of his administration, as he …
ByteDance launches new music streaming service in Brazil, Indonesia
SAO PAULO (Reuters) – Chinese company ByteDance, which owns short-video company TikTok, on Thursday said it will launch a new music streaming service in Brazil …
Brazil real to take near-term support from improving economic outlook: Reuters Poll
By Gabriel Burin BUENOS AIRES (Reuters) – Brazil’s currency will likely enjoy some support in the near term from faster economic growth and progress on …
China automaker BYD to invest $620 million in Brazil industrial complex
SAO PAULO (Reuters) – Chinese automaker BYD on Tuesday said it will invest 3 billion reais ($620.17 million) in a new industrial complex in northeastern …
Brazil economists foresee deeper monetary easing, lower inflation
BRASILIA/SAO PAULO (Reuters) – Private economists in Brazil anticipate deeper monetary easing this year and improved inflation prospects until 2026 following the government’s decision to …
Brazil cenbank chief signals he supports changing inflation target time frame
By Marcela Ayres BRASILIA (Reuters) – Brazil’s central bank chief Roberto Campos Neto indicated on Thursday he supports adopting a continuous time frame for the …
Brazil central bank improves 2023 GDP growth forecast to 2.0%
BRASILIA (Reuters) – Brazil’s central bank joined on Thursday a wave of recent upward revisions for the country’s economic growth this year, guided by a …
Brazil Finance Minister confirms 3% inflation target in 2024, backs tweaking time frame
SAO PAULO (Reuters) – Brazil’s finance minister has confirmed the country’s monetary council will keep next year’s inflation target at 3%, but reiterated he expects …
Brazil census shows population growth at its slowest since 1872
SAO PAULO (Reuters) -Brazil’s annual population growth slowed over the past decade to its lowest since records began 150 years ago, the government statistics agency …
CEOs of major Brazil lenders see ‘unique opportunity’ for local economy
SAO PAULO (Reuters) – The chief executives of Brazil’s largest private lenders, Itau and Bradesco, defended on Tuesday the government’s planned tax reform, emphasizing that …
Brazil says it cannot agree to EU’s proposal for Mercosur trade deal
(Reuters) -Brazilian President Luiz Inacio Lula da Silva on Friday said the European Union’s latest proposal for a trade deal with South American bloc Mercosur …
Brazil unveils compensation funds in proposed tax reform
BRASILIA (Reuters) -Brazil’s proposed tax reform will include compensation funds to benefit states that lose money under the changes, the bill’s coordinator, Congressman Aguinaldo Ribeiro, …
Brazil electoral court adjourns Bolsonaro abuse of power trial
BRASILIA (Reuters) – Brazil’s top electoral court on Thursday decided to adjourn a trial that could leave former President Jair Bolsonaro in the political wilderness …
Brazil watchdog offers plea deals to Americanas employees in fraud probe
SAO PAULO (Reuters) – The president of Brazil’s securities watchdog CVM on Tuesday urged employees from Americanas with information about the retailer’s alleged multi-billion-dollar fraud …
Brazil Senate committee delays vote on new fiscal rules until Wednesday
BRASILIA (Reuters) -Brazil’s Senate Economic Affairs Committee has granted the opposition a 24-hour delay on a vote on new fiscal rules considered crucial by the …
Second teenager in Brazil school shooting dies in hospital
SAO PAULO (Reuters) – A second teenager has died following a school shooting in southern Brazil, the hospital said on Tuesday. The first victim, Karoline …
Brazil central bank to keep rates steady on June 21, cuts coming soon: Reuters poll
By Luana Maria Benedito and Gabriel Burin SAO PAULO/BUENOS AIRES (Reuters) – Brazil’s central bank is set to keep its key interest rate unchanged on …
Breadbasket Brazil to stock up on food citing inflation concerns – agency
By Roberto Samora SAO PAULO (Reuters) – Top food producer Brazil will start stocking up on food staples, a government agency said on Thursday, as …
Brazil retail sales up 0.1% in April driven by Easter
SAO PAULO (Reuters) – Retail sales in Brazil rose for the second consecutive month in April driven by Easter sales, data from government statistics agency …
Brazil airline Azul ready to raise capital after debt deals – CEO
By Gabriel Araujo SAO PAULO (Reuters) – Brazilian airline Azul is ready to raise additional capital, its chief executive said in an interview, after reaching …
Brazil economists cut long-term inflation expectations, unchanged for months
BRASILIA/SAO PAULO (Reuters) – Brazilian economists have reduced their long-term inflation expectations, putting an end to months of unchanged projections that the central bank had …
Brazil poultry lobby sees little risk of nationwide export ban over bird flu
By Ana Mano SAO PAULO (Reuters) – Revised trade accords with most of Brazil’s trade partners, including China, make it unlikely the world’s largest chicken …
US lawmakers say Brazil low-carbon fuel program blocks US companies
By Marcelo Teixeira NEW YORK (Reuters) – A group of U.S. congressmen have formally complained about what they call unfair ethanol trade practices by Brazil …
Brazil posts record trade surplus in May on surging exports
BRASILIA (Reuters) – Brazil posted a $11.4 billion trade surplus in May, marking a record for any given month since the data series began in …
Brazil creates fewer than expected formal jobs in April
BRASILIA (Reuters) – Brazil’s formal job creation fell short of expectations in April, with a net of 180,005 positions, according to figures released by the …
Brazil central govt primary surplus drops nearly 50% in April
BRASILIA (Reuters) – Brazil’s central government primary budget surplus dropped by 48.3% in April in real terms from the same period last year, Treasury figures …
Brazil inflation hits 2-1/2 year low; cenbank pressured to lower rates
SAO PAULO (Reuters) – Inflation in Brazil continued to slow down in early May, data from statistics agency IBGE showed on Thursday, in a move …
Brazil stocks to keep drifting higher on mixed company results: Reuters poll
By Gabriel Burin and Noe Torres BUENOS AIRES/MEXICO CITY (Reuters) – Brazilian stocks are expected to keep drifting higher this year on mixed company earnings, …
Brazil retail sales smash market forecasts in March
SAO PAULO (Reuters) – Brazil’s retail sales smashed market estimates in March, growing more than the highest forecast in a Reuters poll of economists, in …
Brazil yet to consolidate disinflation, central bank chief says
BRASILIA (Reuters) – Brazil faces challenges in consolidating disinflation despite progress made so far, central bank chief Roberto Campos Neto said on Wednesday, again highlighting …
Thales, Gol ink deal to move maintenance services to Brazil
By Gabriel Araujo SAO PAULO (Reuters) – France’s Thales SA will provide maintenance services for Brazilian airline Gol in Brazil instead of abroad, the companies …
Brazil blocks $8 million from alleged financiers of January riots to pay for damages
SAO PAULO (Reuters) – Brazil’s federal police said on Thursday the country had frozen roughly 40 million reais ($7.99 million) belonging to alleged financiers of …
Yellen highlights common goals with Brazil on climate, development
By Andrea Shalal NIIGATA, Japan (Reuters) – U.S. Treasury Secretary Janet Yellen highlighted the fight against climate change and other goals shared by the United …
Heineken to invest $300 million in Brazil to expand premium beer portfolio
SAO PAULO (Reuters) – Heineken NV, the world’s second-largest brewer, said on Thursday it will invest 1.5 billion reais ($300.8 million) in Brazil as part …
Argentina seeks US, Brazil support for faster IMF payouts – gov’t sources
By Bernardo Caram and Nicolás Misculin BRASILIA/BUENOS AIRES (Reuters) – Argentina is seeking new easing of targets in its $44 billion deal with the International …
Brazil postpones new rules for opening meal voucher market
BRASILIA (Reuters) – Brazil’s government has dealt a setback to new entrants hoping to capture a larger share of the concentrated meal voucher market by …
Exclusive-Prosecutors in Brazil state sue AngloGold Ashanti over dam safety
By Marta Nogueira RIO DE JANEIRO (Reuters) – Public prosecutors in the Brazilian state of Minas Gerais have filed a lawsuit against AngloGold Ashanti seeking …
Brazil eyes public campaign to slash tax waivers to companies -minister
BRASILIA (Reuters) – Brazil’s government is considering clarifying the size of each company’s tax benefits as part of a campaign to end tax exemptions and …
Brazil takes fight against racism abroad
By Catarina Demony LISBON (Reuters) – Government officials from Brazil are using their president’s first visit to Europe since being elected to raise awareness and …
Brazil hopes for conclusion to EU-Mercosur trade deal this year
By Catarina Demony LISBON (Reuters) – Brazil hopes the Mercosur trade deal with the European Union (EU) will be concluded this year, a government official …
Brazil new fiscal framework designed to ‘last for long time’ -official
SAO PAULO (Reuters) – Brazil’s Treasury Secretary Rogerio Ceron said on Wednesday that a new fiscal framework proposed by the government was designed to last …
Brazil proposes zero primary budget deficit in 2024, conditions expenditures to new fiscal rules
BRASILIA (Reuters) – Brazil’s Planning Ministry announced on Friday a zero primary deficit target for 2024, but stated that 172 billion reais ($35.03 billion) in …
Brazil treasury says foreign investors pouring back into public debt
By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) – Foreign investors are returning in numbers to Brazil’s public debt market, Treasury Secretary Rogerio Ceron told …