Edition:
India

Jamie McGeever

Brazil posts $4.5 billion trade surplus in May, down 11% on the year

02 Jun 2020

BRASILIA Brazil posted a trade surplus of $4.5 billion in May, official data showed on Monday, as exports fell more steeply than imports, dragging the accumulated surplus over the first five months of the year further down from 2019.

UPDATE 1-Brazil cannot rely on foreign funding in short term, says central bank chief

01 Jun 2020

BRASILIA, June 1 Brazil cannot rely on foreign financing in the short term, central bank president Roberto Campos Neto said on Monday, citing the recent record capital outflow as the coronavirus crisis and investor jitters intensified.

Brazil manufacturing PMI rises to 38.3 in May from record low 36.0 in April - IHS Markit

01 Jun 2020

BRASILIA, June 1 Brazilian manufacturing shrank rapidly in May although not quite at the previous month's record pace, a survey of purchasing managers' activity showed on Monday, confirming that the sector remains in a state of near paralysis from the COVID-19 crisis.

Brazil GDP falls most since 2015 as COVID-19 hits family budgets

29 May 2020

BRASILIA Brazil's economy contracted in the first quarter by the most in nearly five years, data showed on Friday, as the coronavirus outbreak slammed the brakes on a fragile recovery and pushed the country toward what looks like a deep recession.

Brazil's national debt hits record high 79.7% of GDP in April

29 May 2020

BRASILIA Brazil's national debt and public sector deficit ballooned to record levels in April, official figures showed on Friday, clear signs of the toll the coronavirus crisis is having on the country's finances.

UPDATE 1-Brazil's national debt hits record high 79.7% of GDP in April

29 May 2020

BRASILIA, May 29 Brazil's national debt and public sector deficit ballooned to record levels in April, official figures showed on Friday, clear signs of the toll the coronavirus crisis is having on the country's finances.

Brazil central bank chief cool on extraordinary policy options

29 May 2020

BRASILIA Brazil has not exhausted its monetary policy options but should be skeptical of reducing interest rates close to zero or printing money to buy bonds and finance the government deficit, central bank president Roberto Campos Neto said on Thursday.

Brazil default ratio highest since last July, rises for fourth month in a row

28 May 2020

BRASILIA Loan defaults in Brazil rose in April for a fourth month in a row, official figures showed on Thursday, something not seen since the 2015-16 recession and a sign of what could lie in store as the economy heads for another steep downturn this year.

Brazil unemployment rises to 12.6%, record 4.9 million people leave workforce

28 May 2020

BRASILIA Brazil's unemployment rate rose to its highest in just over a year due to the coronavirus crisis, official figures showed on Thursday, as a record number of people left the workforce, pushing labor force participation to an all-time low.

Foreigners cut holdings of Brazilian public debt to lowest since 2009

28 May 2020

BRASILIA Foreigners reduced their holdings of Brazilian bonds in April to the lowest since 2009, figures on Wednesday showed, against the backdrop of rising financial market turmoil fueled by the coronavirus crisis and domestic political uncertainty.

World News

Trump pushes military solution to unrest in U.S. cities

President Donald Trump on Tuesday said U.S. troops should take to the streets of New York City, while elsewhere five officers were shot and wounded, as police clashed with crowds nationwide protesting the killing of an unarmed black man.