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Finance

16/11/2016 at 20:11h

Dollar slides after four-day run

The United States currency was selling for BRL 3.422 at the end of this Wednesday in Brazil, down 0.56%. São Paulo Stock Exchange Index Ibovespa gained 1.85%.

09/11/2016 at 16:37h

Emirates Group’s profit tumbles 64%

The purchase of new aircrafts, execution of infrastructure projects and payment of bonds reduced the Arab airline’s profit to USD 364 million in the first six months of the 2016-2017 fiscal year.

09/11/2016 at 13:01h

Year-over-year inflation rate at 7.87%

Prices went up 0.26% in October, the lowest rate for the month since 2000. In twelve months, inflation is at 7.87% according to the Institute of Geography and Statistics (IBGE).

07/11/2016 at 20:00h

Savings withdrawals exceed deposits

The amount withdrawn from savings accounts was higher than the total deposited for the tenth straight month, this time by USD 838 million, according to the Brazilian Central Bank.

07/11/2016 at 13:13h

Banks’ inflation forecast unchanged

Financial institutions polled by the Brazilian Central Bank have kept their 2016 inflation estimate level at 6.88%. The projection for next year dropped 5% to 4.94%.

04/11/2016 at 07:00h

São Paulo, Egypt stock exchanges enter deal

The parties will share information and mutually collaborate for the development of deals, products and markets.

03/11/2016 at 18:26h

Egypt floats its currency

The Central Bank liberalized the exchange rate and the Egyptian pound is now fluctuating freely against the dollar. The goal is to end the foreign currency shortage.

31/10/2016 at 13:52h

Government deficit at USD 8.3 billion

Brazil’s federal, states and local governments saw the widest deficit for a September since the Central Bank began keeping records. The September 2015 deficit had been USD 2.2 billion.

25/10/2016 at 15:06h

Brazil posts net dollar inflow

The country saw USD 2.5 billion in net US dollar inflows in October, ending a five-month run of net outflows. The Law on Repatriation of Funds was a factor.

24/10/2016 at 12:53h

Banks’ inflation estimate drops

A poll of Brazilian financial institutions shows expected rates of 6.89% this year and 5% in 2017. Last week had seen higher forecasts.

17/10/2016 at 13:17h

Banks expect interest rate cut

Financial institutions polled by the Brazilian Central Bank believe the benchmark rate will be slashed following a meeting this week. The rate is seen ending this year at 13.5% and the next one at 11%.

11/10/2016 at 19:26h

Brazil could lend up to USD 10 bn to the IMF

A bilateral agreement signed last week allows the country to make loans to the Fund if needed.