Edition:
India

Jamie McGeever

UPDATE 1-Brazil services activity shrinks in August, underscores sluggish economy

11 Oct 2019

BRASILIA, Oct 11 Brazil's services sector activity fell in August more steeply than economists expected, official figures on Friday showed, providing another indication that the broader economic recovery remains sluggish and uneven.

UPDATE 1-Brazil retail sales rise in August, but only just

10 Oct 2019

BRASILIA, Oct 10 Brazilian retail sales rose for the third straight month in August, official figures showed on Thursday, although the rise was far less than expected and the previous month's increase was revised sharply lower.

UPDATE 2-Brazil inflation falls to 2.89%, lowest since May last year

09 Oct 2019

BRASILIA, Oct 9 Brazilian consumer price inflation fell to its lowest in more than a year in September, official figures on Wednesday showed, a reading below the central bank's target that is likely to strengthen expectations of another cut in interest rates.

UPDATE 1-Brazil central bank unveils bill to modernize, simplify FX market

07 Oct 2019

BRASILIA, Oct 7 Brazil's central bank on Monday sent a bill to Congress which aims to modernize, simplify and increase the flexibility of the country's foreign exchange market, and by extension make it easier and more attractive to do business in Brazil.

Brazil real posts 2.6% weekly jump, CFTC funds amass biggest short since 2014

05 Oct 2019

BRASILIA, Oct 4 Brazil's real chalked up its third strongest weekly gain of the year on Friday, spurred by a Wall Street-led global rally in risky assets and as speculators covered their largest short position in the currency in almost five years.

UPDATE 1-Brazil surpasses 2019 target of $20 bln in privatizations

04 Oct 2019

BRASILIA, Oct 3 Brazil has privatized or sold state assets worth $23.5 billion in the first nine months of the year, already surpassing its full-year target of $20 billion, the country's economy ministry said on Thursday.

Brazil services PMI hits six-month high, employment strongest since 2015: IHS Markit

03 Oct 2019

BRASILIA Brazil's services sector activity expanded in September at the fastest pace in six months, a closely watched purchasing managers index survey showed on Thursday, with employment growth in the sector hitting its highest in over five years.

Embraer delays timeline for close of Boeing deal to early 2020

03 Oct 2019

BRASILIA Brazilian planemaker Embraer has delayed its expected timeline for the closing of a major deal with Boeing to early 2020, according to a securities filing on Thursday.

Brazil senate approves pension reform in first-round vote after savings hit

03 Oct 2019

BRASILIA Brazil's Senate on Wednesday approved a landmark pension reform bill in a first round of voting, in a relief for far-right President Jair Bolsonaro, although senators voted down an amendment in a move that dilutes the reform's projected savings.

Brazil's industrial output posts biggest rise in over a year

01 Oct 2019

BRASILIA Industrial production in Brazil rose in August at its fastest pace in more than a year, official figures on Tuesday showed, a sign that Latin America's largest economy may slowly be turning a corner after flirting with recession earlier in the year.

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