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India

Marcela Ayres

Brazil holds interest rates, may hike if outlook worsens

20 Sep 2018

BRASILIA Brazil's central bank on Wednesday held interest rates at an all-time low but said it could gradually raise them if the outlook worsens, highlighting how the upcoming presidential vote is increasingly weighing on monetary policy.

Brazil FX crisis boosting passthrough to inflation -central bank study

05 Sep 2018

BRASILIA, Sept 5 Currency weakness tends to push up inflation more during crises such as the one currently ravaging through Brazilian financial markets, a central bank study showed, suggesting a deeper-than-expected impact from the Brazilian real's recent slump.

Brazil deal to end truckers' strike rattles Petrobras investors

29 May 2018

BRASILIA/SAO PAULO Petrobras shares plunged 15 percent on Monday after Brazil's government offered new fuel subsidies and softened the oil producer's pricing policy in a bid to settle a truckers' strike that has wreaked havoc on Latin America's largest economy.

Advisor to right-wing Brazil candidate says privatise it all

28 May 2018

RIO DE JANEIRO Brazil should privatise everything from lender Banco do Brasil to oil company Petróleo Brasileiro SA, the main economic adviser to leading presidential candidate Jair Bolsonaro told Reuters, underscoring the far-right congressman's overtures to the business community.

Advisor to right-wing Brazil candidate says privatize it all

28 May 2018

RIO DE JANEIRO, May 28 Brazil should privatize everything from lender Banco do Brasil to oil company Petróleo Brasileiro SA, the main economic adviser to leading presidential candidate Jair Bolsonaro told Reuters, underscoring the far-right congressman's overtures to the business community.

Petrobras plunges as Brazil offers deal to end truckers' strike

28 May 2018

BRASILIA, May 28 Petrobras shares fell as much as 9 percent on Monday after Brazil's government offered new fuel subsidies and changed the oil producer's pricing policy in a bid to settle a truckers' strike that has shuttered factories and caused food and fuel shortages.

Brazil loosens 2020 fiscal target, sees GDP growth slowing

13 Apr 2018

BRASILIA The Brazilian government on Thursday loosened its 2020 fiscal target after failing to pass a plan to cut social security spending and predicted gross domestic product growth will slow after hitting a 2019 peak.

Brazil's finance minister Meirelles quits, eyeing elections

07 Apr 2018

BRASILIA/SAO PAULO Brazilian Finance Minister Henrique Meirelles resigned on Friday to weigh a presidential bid in the October elections for the ruling MDB party that will depend on whether President Michel Temer decides to run.

U.S.-China trade tensions unlikely to hurt growth - Brazil central bank

04 Apr 2018

BRASILIA Escalating trade tensions between the United States and China are unlikely to hurt global economic growth, Brazilian central bank chief Ilan Goldfajn told Reuters on Tuesday, playing down recent turmoil in Latin American markets.

U.S.-China trade tensions unlikely to hurt growth: Brazil central bank

04 Apr 2018

BRASILIA Escalating trade tensions between the United States and China are unlikely to hurt global economic growth, Brazilian central bank chief Ilan Goldfajn told Reuters on Tuesday.

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