News & Articles

News & Articles

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10/24/08 Mexico and Brazil Step In to Fight Currency Declines

As Dollar Scarcity Puts Pressure on Peso and Real, and Squeezes Local Exporters, Central Banks Dig Into Reserves Underscoring the growing impact of the global financial crisis on Latin America, central banks in Mexico and Brazil...

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10/23/08 Brazil jobless rate unchanged at 7.6 pct in Sept

Brazil's jobless rate stood at 7.6 percent in September, unchanged from August, the national statistics agency IBGE said on Thursday. The unemployment rate compared to the 7.4 percent median forecast of 10 economists surveyed by...

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10/22/08 Brazil to allow state banks to buy into other banks

Brazil's government said on Wednesday it would allow two state-controlled banks Banco do Brasil and Caixa Economica to buy stakes in other financial institutions. It also said it would allow the central bank to carry out swap...

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10/22/08 Brazil's Efforts to Prop Up Currency Cost $23 Billion

Brazil's efforts to shore up the falling local currency totaled $22.9 billion in the past month, including sales of foreign reserves, derivatives and loans. Sales of reserves to buy reais in the spot market totaled $3.2 billion...

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10/20/08 Brazil tests carbon reduction in Amazon forest

In the Juma forest reserve deep in Brazil's Amazon, conservationists will receive money from a Brazilian bank and a global hotel chain to protect trees and combat global warming. The project is seen as a test case watched by...

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10/20/08 Global Financial Crisis: Is Brazil a Bystander?

After the G20 finance ministers and the World Bank/IMF annual meetings in Washington last weekend, most Latin American ministers of finance returned to their countries with a somber outlook. As the global financial crisis...

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10/16/08 Years of conservative lending could leave Brazil unscathed

At Fábio Marangoni's printing works in São Paulo, pages of glossy magazines emerge almost silently from modern printing presses imported from Germany. Asked how much he borrowed to install the presses, Mr Marangoni replies with...

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10/15/08 Specialists comment on the impact of global crisis on Brazil at Chamber's event

"Given the altered weight of a set of countries, such as Brazil, time's are different," said Albert Fishlow of Columbia University this morning at the Brazilian-American Chamber of Commerce. Before the global slow-down, Brazil's...

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10/12/08 G-20 Nations Agree on Need for More Cooperation, Mantega Says

Finance officials from the Group of 20 countries agreed on the need for a more coordinated response to the biggest global financial crisis in 80 years, Brazilian Finance Minister Guido Mantega said. ``The G-20 needs to be...

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10/09/08 Brazilian to oversee InBev’s Bud

InBev, the world’s largest brewer, has appointed a company veteran, Louis Fernando Edmond, to oversee its North America operations after it completes its expected $52bn takeover of Anheuser-Busch, the brewer of Budweiser, later...

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10/09/08 Brazil: Inflation Rate Falls

Brazil’s monthly inflation rate dropped in September to the lowest in a year as food prices fell for a second month. Consumer price increases, as measured by the benchmark IPCA index, slowed to 0.26 percent in September, down...

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10/07/08 Brazil Expands Bank's Authority

Brazil's government will issue a decree granting the country's central bank expanded powers to reinforce local credit supply, Central Bank President Henrique Meirelles said. The measures, effective Tuesday, aim to give greater...

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10/03/08 Fiat bets on Brazil growth despite crisis

Auto maker Fiat SpA sees continued solid auto sales in Brazil and will maintain its investment plan in Latin America's largest economy, despite a deepening global financial crisis, a senior official said on Thursday. "There's...

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10/02/08 The Solid Construction of the Brazilian Real Estate Market

The Brazilian real estate market has experienced massive development over the past few years, with a record number of constructions, sales, and financing. This growth has not been restricted to big cities such as São Paulo, Rio...

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10/01/08 Brazil central bank ready to act to contain crisis

Brazil's central bank is prepared to take additional measures to alleviate the impact of the global financial crisis on Latin America's largest economy, the bank's president said on Tuesday. "The crisis is serious ... We're...

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09/29/08 Brazil banks solid despite financial crisis

Brazil's banks are solid and set to grow despite the global financial crisis, but the country's central bank is ready to boost liquidity if needed, its chief said on Sunday. "The central bank continues to monitor the situation...

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09/29/08 MEMBER NEWS: American Airlines to operate additional flights to Brazil during peak winter travel season

American Airlines will add several new flights to Brazil for the upcoming winter travel season, including four weekly nonstops between New York City and Rio de Janeiro.  The New York-Rio nonstop flights are in addition to...

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09/29/08 MEMBER NEWS: TAM Begins New Flights to the United States from Rio de Janeiro

Regular flights to Miami begin September 19 and to New York on November 1st TAM (NYSE: TAM and Bovespa: TAMM4) will begin two direct flights between Rio de Janeiro and the United States. The company's passengers may fly these...

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09/25/08 Brazil, U.S. to cooperate on biofuels

Top ethanol producers Brazil and the United States will overlook long-running trade disputes and join forces to promote biofuels, a Brazilian trade group chief said on Wednesday. Marcus Jank, president of the Brazilian Sugarcane...

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09/25/08 Brazil Jobless Rate Falls to Second Lowest Since 2001

Brazil's unemployment rate fell to the second lowest level since 2001 in August amid a surge in formal employment in Latin America's biggest economy. Unemployment in Brazil's six largest metropolitan areas fell to 7.6 percent...

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