Retail sales in Brazil begins year with record high in January
SAO PAULO (Reuters) – Brazil’s retail sector started 2023 stronger than expected and with record high sales in January, although the outlook is that the …
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Brazil to end tax exemption on international orders, targeting Asian e-commerce giants
BRASILIA (Reuters) – Brazil’s government announced on Tuesday it would end a tax exemption on international orders up to $50 as part of an effort …
Dozens of dead stingrays found on Brazil beach
(Reuters) – Dozens of dead stingrays appeared on a beach in Rio de Janeiro this week, sparking confusion and concern in the local community. Local …
Brazil may buy more Swedish Gripen fighter jets, says minister
RIO DE JANEIRO (Reuters) – Brazil is analyzing the option of expanding an order for Swedish manufacturer Saab’s Gripen fighter jets, though the number of …
What next for Bolsonaro? Not the presidency, wager even his Brazil allies
By Anthony Boadle and Ricardo Brito BRASILIA (Reuters) – Former President Jair Bolsonaro promises to be many things in the coming years: a leader of …
Meta’s WhatsApp rolls out business payment tool in Brazil
By Andre Romani SAO PAULO (Reuters) – Meta Platforms on Tuesday began rolling out its payments tool to small and medium-sized firms through its WhatsApp …
Lula says will invite Xi to Brazil as China trip approaches
BRASILIA (Reuters) – Brazilian President Luiz Inacio Lula da Silva said on Monday he would invite his Chinese counterpart Xi Jinping to Brazil, speaking on …
Brazil inflation seen staying high in March on rising gasoline costs
By Gabriel Burin (Reuters) – Brazil’s inflation likely stayed high in March on rising gasoline bills, reigniting cost of living problems in the country’s stagnant …
Brazil govt sees 2024 monpol not as restrictive as this year’s -official
SAO PAULO (Reuters) – Brazil’s government expects monetary policy next year not to be as restrictive as in 2023, an economy ministry official said on …
Brazil targets Asian e-commerce giants, local companies in tax push
BRASILIA (Reuters) – Brazil will soon unveil tax measures, including a crackdown targeting Asian e-commerce giants and curbs on some company tax benefits, as it …
Brazil creates rights medal named after Black writer, replacing princess
BRASILIA (Reuters) – Brazil’s leftist government on Monday abolished a human rights medal that former far-right President Jair Bolsonaro had named after the daughter of …
Brazil posts record trade surplus for March on booming oil, soybean exports
BRASILIA (Reuters) – Brazil posted the highest trade surplus ever recorded for March, driven by solid oil sales, according to government data on Monday. The …
Brazil formal job creation tops expectations in February
SAO PAULO (Reuters) – Brazil exceeded expectations in its formal job creation for February, with the labor ministry on Wednesday reporting a net result of …
Brazil VP wants to convince central bank high interest rate ‘makes no sense’
SAO PAULO (Reuters) – Brazil’s Vice President Geraldo Alckmin said on Monday the government needs to convince the country’s central bank that its high interest …
Report on Americanas’ woes to be presented to Brazil court next week
By Rodrigo, Viga and Gaier RIO DE JANEIRO (Reuters) – A report detailing Brazilian retailer Americanas SA’s bankruptcy is being prepared by the trustee’s team …
Brazil to release fiscal framework proposal before Lula’s China trip
BRASILIA (Reuters) – Brazil President Luiz Inacio Lula da Silva on Wednesday said the proposal for a new fiscal framework prepared by Economy Minister Fernando …
Brazil to probe claims of spy agency eavesdropping on cell phones – minister
BRASILIA (Reuters) – Brazil’s new government will investigate whether the country’s intelligence agency ABIN illegally spied on Brazilians through their cell phones, Justice Minister Flavio …
Brazil development bank aims to pay out sums totaling 2% of GDP by 2026
RIO DE JANEIRO (Reuters) – An executive at Brazilian state development bank BNDES said on Tuesday the bank aims to pay out the equivalent of …
Brazil fiscal framework to include rule to track spending, says Haddad
BRASILIA (Reuters) – Brazil’s finance chief said the government’s eagerly awaited fiscal framework would include a new rule to monitor spending but without addressing public …
Americanas scandal won’t affect Brazil banks much even in “extreme scenario” – cenbank
BRASILIA (Reuters) – Brazil’s central bank stated on Thursday that the potential impact of the accounting scandal involving retailer Americanas SA on banks would be …
Brazil tax reform seen boosting long-term economic growth, official says
BRASILIA (Reuters) – A proposed tax reform in Brazil will likely generate additional economic growth of 12% over the next 15 years, the special secretary …
Brazil airline Gol’s shares soar after unexpected Q4 net profit
By Gabriel Araujo SAO PAULO (Reuters) – Brazilian airline Gol Linhas Aereas Inteligentes SA on Wednesday reported an unexpected fourth quarter net profit, reversing a …
Brazil investigates undeclared $3 million jewelry gift to Bolsonaro
BRASILIA (Reuters) – Brazilian Justice Minister Flavio Dino on Monday ordered police to investigate an alleged attempt to bring in undeclared jewelry, a gift from …
Brazil announces pilot for digital currency seeking to leverage financial services
BRASILIA (Reuters) – Brazil’s central bank announced the start of a digital currency pilot project on Monday, aiming to replicate the success of its instant …
Brazil posts lower than expected trade balance in February amid lower exports
BRASILIA (Reuters) -Brazil’s trade surplus for February fell a larger-than-expected 35% from the same month last year as exports, especially of oil, declined, government data …
Brazil court approves Americanas payment of wages, some debts
RIO DE JANEIRO (Reuters) – A Brazilian court on Tuesday granted a request by bankrupt retailer Americanas that it be allowed to immediately pay workers’ …
Brazil is closely monitoring credit market to ensure liquidity -Treasury
BRASILIA (Reuters) – The Brazilian government is closely monitoring the credit market to ensure liquidity and considering measures for specific sectors, Treasury Secretary Rogerio Ceron …
Debate grows among Lula’s team over Brazil fuel tax policy
BRASILIA (Reuters) – A debate has broken out among senior aides to Brazilian President Luiz Inacio Lula da Silva over fuel taxes, underlining the competing …
Foreign direct investment in Brazil posts best January in 5 years
BRASILIA (Reuters) – Foreign direct investment in Brazil reached its highest level for January in five years, according to central bank data on Friday, continuing …
Brazil monetary council will not discuss inflation targets -minister
BRASILIA (Reuters) – Brazil’s Finance Minister Fernando Haddad said on Tuesday that the National Monetary Council, the government’s top economic policy body, will not discuss …
Brazil minister denies knowledge of plan to raise inflation target
BRASILIA (Reuters) – Brazilian Institutional Relations Minister Alexandre Padilha said on Thursday he was unaware of any discussion within the government about raising the inflation …
Brazil retail sales growth smallest in six years in 2022
SAO PAULO (Reuters) – Retail sales volumes in Brazil posted in 2022 their smallest annual growth in six years, government statistics agency IBGE said on …
Brazil agencies launch raid against illegal gold miners in Yanomami lands
By Amanda Perobelli BOA VISTA, Brazil (Reuters) – Brazil’s environmental and indigenous agencies have launched an enforcement operation in the Amazon rainforest to expel thousands …
China says it will set up yuan clearing arrangements in Brazil
BEIJING (Reuters) – China’s central bank has signed a memorandum of understanding on setting up yuan clearing arrangements in Brazil, it said on Tuesday, in …
Brazil interest-rate cuts seen kicking off in Nov, cenbank survey shows
BRASILIA (Reuters) – Private economists now expect Brazil’s central bank to start cutting rates in November rather than September, a bank survey showed on Monday, …
Brazil currency firms, rate cut bets pushed back by central bank’s hawkish outlook
By Marcela Ayres BRASILIA (Reuters) – Brazil’s currency firmed and interest rate futures jumped on Thursday as a more hawkish outlook from the central bank …
Brazil creates 2 million net formal jobs in 2022, down 26.6%
BRASILIA (Reuters) – Brazil’s net creation of formal jobs fell 26.6% in 2022 from the previous year, Labor Ministry figures showed on Tuesday, but it …
Mastercard, Binance launching prepaid card in Brazil
SAO PAULO (Reuters) – Mastercard Inc and Binance said on Monday they are lauching a prepaid card in Brazil, Latin America’s largest economy, as part …
Brazil official says Yanomami region looks like ‘concentration camp’
By Anthony Boadle BRASILIA (Reuters) – Brazil’s military should evict illegal gold miners who have caused malnutrition and starvation in a region of the Yanomami …
Analysis-Lula confronts Brazil military’s pro-Bolsonaro lean with carrot and stick
By Anthony Boadle BRASILIA (Reuters) – President Luiz Inacio Lula da Silva has taken a carrot-and-stick approach to asserting authority over Brazil’s armed forces and …
Explainer-What Brazil and Argentina’s ‘currency union’ really means
By Marcela Ayres BRASILIA (Reuters) – Brazil and Argentina sparked some excitement on Sunday over the possibility of a potential “currency union”, though the two …
Lula says Brazil and Argentina will study common currency for trade
BUENOS AIRES (Reuters) – Brazilian President Luiz Inacio Lula da Silva on Monday said Brazil and Argentina are studying the creation of a common currency …
Brazil declares emergency over deaths of Yanomami children from malnutrition
BRASILIA (Reuters) – Brazil’s ministry of health has declared a medical emergency in the Yanomami territory, the country’s largest indigenous reservation bordering Venezuela, following reports …
Brazil defense minister says military not directly involved in Brasilia riots
BRASILIA (Reuters) – Brazil Minister of Defense Jose Mucio said on Friday that the country’s armed forces were not directly involved in the riots by …
Facebook approved ads promoting violence in wake of Brazil riots – report
By Martin Coulter LONDON (Reuters) – Facebook approved a series of online ads promoting violence in Brazil, days after protesters ransacked government buildings, according to …
Davos 2023: Brazil lacking world aid to fight climate change-Silva
DAVOS, Switzerland (Reuters) -Brazil’s Environment Minister, Marina Silva, said on Tuesday that international investments have not materialized as contributions to help her country reduce deforestation …
Blinken says no request so far from Brazil over events of Jan. 8
By Humeyra Pamuk WASHINGTON (Reuters) – The United States has not received any specific requests from Brazil over the storming of Brazil’s top institutions in …
Brazil retail sales post biggest drop in five months in November
SAO PAULO (Reuters) – Retail sales volumes in Brazil posted in November their biggest drop in five months, government statistics agency IBGE said on Wednesday, …
Column-Is Brazil another BRIC in the wall? :Mike Dolan
By Mike Dolan LONDON (Reuters) – Almost as surprising as the weekend’s shock events in Brasilia was how little world markets appeared to react – …
Brazil central bank to remain vigilant on inflation after missing 2022 target -governor
BRASILIA (Reuters) – Brazil’s central bank chief Roberto Campos Neto said on Tuesday that policymakers have taken the necessary steps to ensure inflation reaches its …