Brazil’s Lula says GDP will grow 2% or more this year
SAO PAULO (Reuters) – Brazilian President Luiz Inacio Lula da Silva said on Thursday his country’s economy will grow at least 2% this year, “maybe …
brazil’s
Brazil’s Azul launches exchange offer as part of restructuring plan
By Gabriel Araujo SAO PAULO (Reuters) – Brazilian airline Azul on Tuesday launched exchange offers aimed at pushing forward bonds originally set to mature in …
Brazil’s Lula approval rating dips despite better economic news
BRASILIA (Reuters) – Brazilian President Luiz Inacio Lula da Silva, who left office with record popularity in 2010, is not doing so well in his …
Founder of Brazil’s CVC to invest $15 million, new CEO picked
SAO PAULO (Reuters) – Brazilian travel operator CVC said on Friday it has reached an agreement with its founder for a 75 million reais ($15.13 …
Brazil’s central bank chief opposes creation of common currency
BRASILIA (Reuters) – Brazil’s central bank chief Roberto Campos Neto expressed his opposition on Friday to the creation of a common currency, stating that in …
Brazil’s Lula cuts losses after setbacks on environment and Indigenous front
By Maria Carolina Marcello BRASILIA (Reuters) – Brazilian President Luiz Inacio Lula da Silva has suffered a major defeat over important legislation protecting the Amazon …
Brazil’s top court sentences ex-President Collor to prison for corruption
BRASILIA (Reuters) – Brazil’s supreme court voted on Wednesday to sentence former President Fernando Collor de Mello to 8 years and 10 months in prison …
Brazil’s new fiscal rules stricter than they look, finance ministry official says
BRASILIA (Reuters) – Brazil’s newly introduced fiscal framework is stricter than they appear and will require a discussion of important spending cuts, Gabriel Galipolo, the …
Brazil’s Patria raises $118.3 million in SmartFit share offering
SAO PAULO (Reuters) – Brazilian private equity firm Patria Investments Ltd raised 591.73 million reais ($118.27 million) in a secondary offering to sell shares in …
Brazil’s PagSeguro posts $74 million quarterly profit, beats forecast
SAO PAULO (Reuters) – Brazilian financial technology firm PagSeguro Digital on Thursday posted a better-than-expected 6% increase in its first-quarter profit, which the company said …
Brazil’s finance ministry lifts 2024 inflation estimate
BRASILIA (Reuters) – Brazil’s finance ministry on Tuesday lifted its 2024 inflation forecast to 3.63%, from 3.52%, and kept its estimate for growth in Latin …
Brazil’s government hikes estimate for 2023 budget deficit
BRASILIA (Reuters) – Brazil’s finance ministry forecast a primary budget deficit of 136.2 billion reais ($27.22 billion) this year, compared to 107.6 billion reais projected …
Brazil’s Moreira Salles family launch bid for Alpargatas shares
SAO PAULO (Reuters) – An investment firm backed by Brazil’s Moreira Salles family has decided to launch a tender offer to buy an additional stake …
White House: Biden to discuss Ukraine with Brazil’s Lula, India’s Modi
HIROSHIMA, Japan (Reuters) – U.S. President Joe Biden aims to speak this weekend with Brazil’s President Luiz Inacio Lula da Silva and Indian Prime Minister …
Timeline of Brazil’s inflation target to be discussed with Lula, says finance minister
SAO PAULO (Reuters) – Brazilian Finance Minister Fernando Haddad said on Friday that a change in the timeline for meeting the inflation target will be …
Brazil’s finance minister signals potential change to inflation target timeline
BRASILIA (Reuters) – Brazil’s Finance Minister Fernando Haddad on Thursday suggested that the country’s new government is looking at adjusting the timeline for achieving its …
Brazil’s Americanas to seek bidders for fruit and vegetable unit
SAO PAULO (Reuters) – Brazil retailer Americanas SA said on Thursday it will next week start to seek potential bidders for the acquisition of its …
Brazil’s antitrust watchdog approves L’Oreal deal to buy Aesop
SAO PAULO (Reuters) – Brazil’s antitrust regulator Cade on Wednesday recommended the approval of the sale of Natura & Co’s Aesop brand to French cosmetics …
Brazil’s ministers see room for rate cuts as central bank keeps cautious stance
BRASILIA (Reuters) – Brazil’s economic ministers on Wednesday highlighted the potential for monetary easing to kick off, while the central bank continued to signal caution …
Brazil’s Americanas looking for buyer for stake in Grupo Uni.co
SAO PAULO (Reuters) – Brazilian retailer Americanas SA, which filed for bankruptcy earlier this year after an accounting scandal, said on Monday it has started …
Brazil’s JBS swings to loss, citing grain costs and meat oversupply
By Roberto Samora and Ana Mano SAO PAULO (Reuters) – JBS SA, the world’s largest meat company, on Thursday reported a net loss of 1.45 …
Brazil’s Haddad raises concerns about economic situation, drought in Argentina
By Andrea Shalal NIIGATA, Japan (Reuters) – Brazilian Finance Minister Fernando Haddad expressed serious concerns on Thursday that Argentina’s economic challenges and a major drought …
Brazil’s ride-hailing app 99 aims to double electric cars within a year
By Andre Romani SAO PAULO (Reuters) – Brazilian ride-hailing app 99 is planning to more than double the number of electric cars serving its passengers …
Brazil’s Haddad backs longer-term target for inflation, no talk of goal change
BRASILIA (Reuters) – Brazilian Finance Minister Fernando Haddad said on Friday that he favored taking a long-term view of inflation and that the central bank …
Hybrid-flex cars a great asset for Brazil’s decarbonization efforts, says VP
By Gabriel Araujo IRACEMAPOLIS, Brazil (Reuters) – Brazil’s ability to produce and sell hybrid cars that can run on 100% ethanol is a huge asset …
Brazil’s WEG posts Q1 net profit up 38%, in line with forecasts
SAO PAULO (Reuters) – Brazilian motor maker WEG SA on Wednesday reported a first-quarter net profit of 1.3 billion reais ($257.29 million), up 38.4% from …
Brazil’s cenbank governor signals no room for rate cut amid inflation concerns
BRASILIA (Reuters) – Brazilian central bank Governor Roberto Campos Neto ruled out an imminent interest rate cut by emphasizing that the country’s benchmark rate for …
In Portugal, Brazil’s Lula tries to lure back foreign investors
By Catarina Demony and Gabriel Araujo LISBON (Reuters) – Trying to lure back wary foreign investors, Brazil’s President Luiz Inacio Lula da Silva vowed on …
Brazil’s Oi postpones release of 2022 financial statements
SAO PAULO (Reuters) – Brazilian telecom firm Oi SA said late Friday it decided to postpone the release of its 2022 financial statements to May …
Brazil’s Embraer to build NATO-approved aircraft in Portugal
LISBON (Reuters) – Brazil’s Defence Minister Jose Mucio said on Friday his country’s planemaker Embraer SA would manufacture aircraft that meet NATO’s requirements in a …
Brazil’s government takes measures to boost consumer and capital market credit
BRASILIA (Reuters) – Brazil’s government announced a package of 13 measures on Thursday to ease consumer access to credit and reduce associated costs in the …
Brazil’s credit package paves the way for capital market the size of the banking market -official
BRASILIA (Reuters) – Brazil’s Secretary of Economic Reforms Marcos Barbosa said on Thursday that the credit package announced by the government aims to strengthen the …
Top national security adviser to Brazil’s Lula resigns
BRASILIA (Reuters) -Brazilian President Luiz Inacio Lula da Silva’s top national security adviser resigned on Wednesday, the presidential palace said, amid a scandal related to …
Brazil’s industrial output down for 3rd month in a row in February
SAO PAULO (Reuters) – Industrial production in Brazil fell for the third consecutive month in February, government statistics agency IBGE said on Wednesday, with the …
Brazil’s Lula draws Russian praise, U.S. scorn for Ukraine views
By Lisandra Paraguassu and Anthony Boadle BRASILIA (Reuters) -Brazilian President Luiz Inacio Lula da Silva drew criticism from the United States on Monday for his …
Brazil’s govt working on extra revenue measures for second half -official
BRASILIA (Reuters) – Brazil’s government is working on additional revenue measures to be announced in the second half of this year, said Revenue Chief Robinson …
Brazil’s Lula calls for ‘peace group’ to broker Ukraine-Russia deal
ABU DHABI (Reuters) – Brazilian President Luiz Inacio Lula da Silva on Sunday again proposed establishing a group of countries not involved with the Russia-Ukraine …
Airbus eyes medium-term defense, space ties with Brazil’s Embraer
By Gabriel Araujo and Rodrigo Viga Gaier RIO DE JANEIRO (Reuters) – Airbus SE hopes to propose partnerships with Brzil’s Embraer SA in defense and …
Brazil’s Haddad says central bank has a window of opportunity to lower rates
(Reuters) – Brazil’s Finance Minister Fernando Haddad said on Thursday that the central bank has an opportunity to lower interest rates to help boost economic …
Brazil’s Lula puts Ukraine peace on his agenda in China
By Anthony Boadle BRASILIA (Reuters) – President Luiz Inacio Lula da Silva departed Brazil on Tuesday for an official visit to China, where he aims …
Brazil’s Embraer eyes deal with Chinese airline for 20 E-jets -sources
By Gabriel Araujo RIO DE JANEIRO (Reuters) – Brazilian planemaker Embraer SA aims to sign a deal for the sale of 20 commercial jets to …
Lula’s government should revise Brazil’s mandatory spending constraints, says Haddad
BRASILIA (Reuters) – Brazil’s government should revise the rules for increasing mandatory expenses and budget constraints before the end of the year, once reform of …
Deforestation in Brazil’s Amazon rises in March
By Steven Grattan SAO PAULO (Reuters) – Deforestation in Brazil’s Amazon rainforest rose 14% in March from the previous year, preliminary official data showed on …
Brazil’s Haddad sees positive signs from cenbank on fiscal efforts
SAO PAULO (Reuters) – Brazilian Finance Minister Fernando Haddad said on Thursday the country’s central bank has sent “several signs” that measures being taken by …
Brazil’s jobless rate rises to 8.6% in quarter through February
SAO PAULO (Reuters) – Brazil’s jobless rate rose to 8.6% in the three months through February, statistics agency IBGE said on Friday, slightly below market …
Brazil’s public debt rises 1.51% in February
BRASILIA (Reuters) – Brazil’s federal public debt grew 1.51% in February from the month before, the Treasury said on Wednesday, marked by a further increase …
Brazil’s Haddad says fiscal framework will be announced this week
BRASILIA (Reuters) – Brazil’s Finance Minister Fernando Haddad said on Tuesday that the highly anticipated fiscal framework of the new government will be announced this …
Brazil’s monetary policy director leaves office amid government uncertainty over replacement
BRASILIA (Reuters) – Brazil’s central bank monetary policy director Bruno Serra has left his position at his request, according to the official gazette on Monday, …
Brazil’s Lula gives nod to market veteran and public servant for central bank roles -sources
By Marcela Ayres, Bernardo Caram and Luana Maria Benedito BRASILIA (Reuters) – Brazilian President Luiz Inacio Lula da Silva has agreed to nominate a financial …
Brazil’s Lula to go to China with 240 business representatives, says official
BRASILIA (Reuters) – Brazil’s President Luiz Inacio Lula da Silva will visit China this month accompanied by a delegation of 240 business representatives, including 90 …