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India

Marcela Ayres

U.S. backs Brazil for OECD membership, but Argentina first

11 Oct 2019

BRASILIA U.S. President Donald Trump and his top diplomat said on Thursday they supported Brazil's taking steps toward joining the Organization for Economic Cooperation and Development (OECD), although it is first backing accession by Argentina.

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.

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's Bolsonaro issues decree expanding farm credit

02 Oct 2019

BRASILIA, Oct 1 Brazilian President Jair Bolsonaro on Tuesday signed a decree with a variety of measures to expand financing for farmers.

UPDATE 1-Brazil govt on track to beat deficit target by 15-20 bln reais

27 Sep 2019

BRASILIA, Sept 27 Brazil's public finances improved in August, Treasury figures on Friday showed, with the government aggressively cutting back on spending to compensate for declining revenues and put it on track to beat its fiscal targets for the year.

UPDATE 1-Brazil govt loosens purse strings by 12.5 bln reais, hints at more

21 Sep 2019

BRASILIA, Sept 20 Brazil's government will free up 12.5 billion reais ($3 billion) for discretionary spending, the Economy Ministry said in its latest bi-monthly spending and revenue report on Friday, as it seeks to ease the pressure on departmental budgets following deep spending freezes this year.

UPDATE 1-Brazil's Banco Pan prices follow-on share sale at 8.25 reais - sources

20 Sep 2019

SAO PAULO/BRASILIA, Sept 19 Brazilian lender Banco Pan SA priced its preferred shares at 8.25 reais ($1.98) in a follow-on share offering on Thursday, three sources with knowledge of the matter said.

Exclusive: Brazil to free up 12.5 billion reais to ease budget squeeze - source

20 Sep 2019

BRASILIA Brazil's government will free up 12.5 billion reais ($3 billion) for discretionary spending in its latest bi-monthly spending and revenue report, an Economy Ministry source told Reuters on Thursday.

Brazil tax reform slides into confusion as key official fired, Bolsonaro wades in

12 Sep 2019

BRASILIA A key figure in Brazil's plans to reform the country's complex tax system was fired on Wednesday, government sources told Reuters, reflecting disagreements in cabinet about the form legislation should take.

UPDATE 2-Brazil ups 2019 GDP growth forecast, but keeps iron grip on spending

10 Sep 2019

BRASILIA, Sept 10 Brazil's government on Tuesday slightly raised its 2019 economic growth forecast and said the worst for the economy is probably behind it, but showed no sign it is willing to ease up on its commitment to austerity and strict fiscal discipline.

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