"economic news" Category
Brazil Interested in Taking BRICS’ NDB Participation 'To the Next Level'

WASHINGTON (Sputnik) - Brazil is interested in enhancing the New Development Bank, which was established by the BRICS group of emerging economies, secretary of the Economic Section at the Brazilian Embassy in the United States, Diogo Ramos Coelho, told Sputnik.

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Brazil holds interest rates steady in surprise move, cites EM rout

Brazil’s central bank unexpectedly left its key interest rate unchanged on Wednesday, with policymakers citing the recent sell-off in emerging markets assets for the move.

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UPDATE 1-Brazil retail sales up in March, cap weak first quarter

BRASILIA, May 11 (Reuters) - Retail sales in Brazil rose in line with expectations in March, capping a weak first quarter with more evidence that the economic recovery hit a bump at the start of the year.

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Brazil ranked world's 2nd best destination for investments

Brazil has regained its attractiveness to investors in recent years in the wake of consolidated economic recovery and the region's geopolitical stability. A report released by Ernst & Young shows that the country now ranks second among countries as the best destination for investments.

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Brazil April inflation unexpectedly slows, boosts rate cut bets

BRASILIA, May 10 (Reuters) - Brazil's inflation rate unexpectedly slowed in April and kept far below the official target, suggesting a recent period of currency weakness is unlikely to keep the central bank from cutting interest rates next week.

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Brazil and Switzerland sign double taxation agreement

The Brazilian and Swiss governments signed an agreement to avoid double taxation for people doing business in Brazil and Switzerland. The agreement was signed by the Brazilian Federal Revenue Secretary, Jorge Rachid, and now requires approval from National Congress to take effect.

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Brazil retailer Via Varejo explores new delivery options, eyes Uber deal

SAO PAULO, May 3 (Reuters) - Brazil's largest appliance retailer, Via Varejo SA, is expanding a partnership with the state-run postal service while exploring options such as using Uber transport apps to deliver goods, an executive told Reuters on Thursday.

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Survey shows improvement in 20 safety indicators in Rio

Data from the Rio de Janeiro Public Security Institute shows that 20 safety indicators evolved favourably during the first month of federal intervention in the state. The survey, conducted by Governo do Brasil, compared numbers between March this year and the same month of 2017.

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Route 2030, now in final negotiations, will bring new incentives to national carmakers

The Minister of Industry, Foreign Trade and Services, Marcos Jorge, said on Tuesday (24 April) that the Route 2030 programme, created to boost the Brazilian automotive industry, should be launched later next month.

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Brazil's Central Bank authorizes peer-to-peer lending

BRASILIA/SAO PAULO, April 26 (Reuters) - Brazil’s Central Bank on Thursday released rules for credit start-ups that include authorization for peer-to-peer lending, as a way to increase competition in loans in a country with notoriously high interest rates for consumers.

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