Japan's SoftBank Group (SFTBF) is evaluating around 40 Brazilian companies with high growth potential for possible investments, the group's head in Brazil, André Maciel, said on Friday. The executive said that SoftBank will announce a large investment in Brazil in around two weeks' time.
Brazil's government will free up 12.5 billion reais 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.
Brazil's government will free up 12.5 billion reais 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.
Latin American currencies lost ground
against the dollar on Friday as optimism stemming from stimulus
in major economies began to fade, while stocks in Brazil led the
charge among regional indices.
BRASÍLIA-- Brazil's central bank cut its benchmark interest rate as expected Wednesday, as consumer price increases remain under control amid a yearslong economic slowdown that has defied government efforts to boost growth. The bank cut the benchmark Selic rate to a record low of 5.5% from 6%, with at least one more trim expected to come this year. Economists surveyed weekly by the central bank see the Selic at 5% at year's end.
BRASÍLIA-- Brazil's central bank cut its benchmark interest rate as expected Wednesday, as consumer price increases remain under control amid a yearslong economic slowdown that has defied government efforts to boost growth. The bank cut the benchmark Selic rate to a of 5.5% from 6%, with at least one more trim expected to come this year. Economists surveyed weekly by the central bank see the Selic at 5% at year's end.
Brazil's central bank cut its benchmark interest rate to a new record low of 5.50% on Wednesday as expected and suggested more rate cuts are in the pipeline, highlighting an increasingly uncertain global outlook and tame domestic inflation.
The Brazilian central bank cut its benchmark interest rate by 50 basis points to a new record low of 5.50% as expected on Wednesday, its latest attempt to inject life into a sluggish economy and steer inflation back up towards target.
Latin American markets were on the back
foot on Wednesday led by losses in Brazilian assets with
investor attention focused on monetary policy decisions in the
United States and Brazil.
Reform of Brazil's complex tax system will not include a financial transactions tax or reductions to companies' payroll tax contributions, the Senator in charge of steering the bill through Congress said on Wednesday.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
