BRASILIA (Reuters) – Home working in Brazil may be relieving wage pressure in an otherwise buoyant labor market, a study signed by top central bank officials and released by the …
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BRASILIA (Reuters) – Brazilian President Luiz Inacio Lula da Silva has decided to veto a bill which was set to extend a payroll tax exemption to some 17 sectors until …
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MIsc. News
Brazil’s govt 2023 primary deficit forecast deteriorates, approaching fiscal target
by Reutersby ReutersBRASILIA (Reuters) – Brazil’s government projections for its public accounts in 2023 have substantially worsened, with the deficit before interest expenses now nearing the annual fiscal target, as indicated by …
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BRASILIA (Reuters) – Brazil’s Finance Ministry lowered its forecast for the country’s economic growth for this year and 2024, a report by its economic policy secretariat showed on Tuesday. The …
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SAO PAULO (Reuters) – Brazilian President Luiz Inacio Lula da Silva said on Tuesday he had told European Commission chief Ursula von der Leyen that he wants to clinch a …
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MIsc. News
Brazil’s economy enters negative territory in Q3, shows central bank data
by Reutersby ReutersBRASILIA (Reuters) -The Brazilian economy ended the third quarter in negative territory, central bank data showed on Friday, reversing a performance that had been surprisingly positive due to a booming …
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MIsc. News
Brazil’s Lula has favored candidate for attorney general, sources say
by Reutersby ReutersBy Ricardo Brito and Lisandra Paraguassu BRASILIA (Reuters) – Paulo Gonet, Brazil’s electoral attorney general, has emerged as President Luiz Inacio Lula da Silva’s leading candidate to be the country’s …
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By Andre Romani SAO PAULO (Reuters) – Brazilian financial tech company StoneCo plans to multiply net profits eightfold through the end of 2027 by accelerating the integration of its financial …
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SAO PAULO (Reuters) – Brazilian airline Azul on Tuesday reduced its forecast for core earnings this year due to slower capacity growth and higher jet fuel price volatility but raised …
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By Ana Mano SAO PAULO (Reuters) – Brazilian food processor BRF SA is optimistic with the outlook for sales during the final quarter of 2023 based on the strength of …
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MIsc. News
Argentina needs president who backs democracy, Mercosur -Brazil’s Lula
by Reutersby ReutersSAO PAULO (Reuters) – Argentines should choose a president who likes democracy and the Mercosur trading bloc, Brazilian President Luiz Inacio Lula da Silva said on Tuesday before the southern …
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By Natalia Siniawski (Reuters) – Brazilian brewer Ambev SA on Tuesday reported a 19.3% jump in net profit on an organic basis, lifting its shares as lower aluminum prices and …
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BRASILIA (Reuters) – Brazilian President Luiz Inacio Lula da Silva on Wednesday picked Carlos Antonio Vieira Fernandes to replace Rita Serrano as CEO of state-run lender Caixa Economica Federal. Serrano …
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Business News
Brazil’s Finance Ministry views limit for credit card debt growth as reasonable
by Reutersby ReutersBRASILIA (Reuters) – Brazil’s Finance Ministry says the measures stipulated in a recent legislation aimed at diminishing credit card revolving interest rates are a rational step, a top official said …
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US and World News
Brazil’s Lula calls for ceasefire, humanitarian intervention in Israel-Palestinian conflict
by Reutersby ReutersSAO PAULO (Reuters) – Brazilian President Luiz Inacio Lula da Silva on Wednesday called for a ceasefire and an “international humanitarian intervention” in the conflict in Israel and the occupied …
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Business News
Brazil’s consumer prices forecast to have risen faster in Sept – Reuters poll
by Reutersby ReutersBy Gabriel Burin (Reuters) – Brazil’s consumer prices likely rose faster in September, led by hikes in gasoline costs that should have brought annual inflation to the highest rate in …
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Business News
U.S. interest rate scenario calls for humbleness from Brazil’s cenbank -director
by Reutersby ReutersBRASILIA (Reuters) – Brazil’s central bank monetary policy director said on Thursday that the current strength of the U.S. economy, demanding higher interest rates for longer, stands as a central …
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Business News
Brazil’s government seeks Congress vote on bill taxing offshore, closed-end funds this week
by Reutersby ReutersBRASILIA (Reuters) – The Brazilian government wants Congress to pass a bill this week that would tax offshore and closed-end funds, and change an instrument companies use for shareholder payments, …
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SAO PAULO (Reuters) – Industrial production in Brazil rose slightly less than expected in August, data from government statistics agency IBGE showed on Tuesday, as the sector struggles to gather …
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By Ana Mano SAO PAULO (Reuters) – BRF SA, one of Brazil’s biggest food companies, is bullish on its sales prospects ahead of the holiday season, a company executive said …
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Business News
Brazil’s securities watchdog agrees to ‘plea bargain’ on Americanas’ probe
by Reutersby Reuters(Reuters) – Brazil’s securities watchdog CVM said on Friday it has approved a mechanism similar to a plea bargain for cases related to bankrupt Brazilian retailer Americanas, in the midst …
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Business News
Brazil’s cenbank chief warns inflation expectations may not converge amid fiscal concerns
by Reutersby ReutersBRASILIA (Reuters) – Brazil’s central bank chief Roberto Campos Neto said on Friday that inflation expectations are not aligned with official goals, and signaled they may not be anchored if …
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SAO PAULO (Reuters) – Brazil’s jobless rate dropped for the fifth consecutive rolling quarter in the three months ended in August, reaching its lowest since early 2015 as the labor …
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Business News
Brazil’s central bank seeks tighter cryptocurrency regulation, brokerage oversight
by Reutersby ReutersBRASILIA (Reuters) – Brazil’s central bank governor Roberto Campos Neto on Wednesday said policymakers are aiming to tighten cryptocurrency regulation and subject brokerages to their supervision. Speaking during a hearing …
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Business News
Brazil’s central bank divided over services inflation improvement
by Reutersby ReutersBRASILIA (Reuters) – Brazil’s central bank voiced concerns over inflation expectations not aligning with official targets and noted differing opinions among board members on services inflation improvements, ruling out any …