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BRASILIA , Dec 24, 2012 (BSS/AFP) - President Dilma Rousseff urged businesses Sunday to expand their investments as Brazil cuts energy costs, in a bid to curb poverty , improve flagging industrial competitiveness. "Our recipe for a stronger Brazil is to invest in overcoming poverty, guaranteeing home ownership, expanding employment, increasing education opportunities , improv...
Presentation OPERATOR: Good morning ladies , gentlemen. At this time we would like to welcome everyone to RaiaDrogasil Conference Call to Discuss its Results for the Q1 of 2013. The audio for this conference is being broadcast simultaneously through the internet in the website www.raiaidrogasil.com.br/ir . In that address you can also find the slideshow presentation available...
Global Banking News - 18 June 2013 The central bank of Brazil has said that it sees no limit for interest rate hikes. as reported by Reuters, the central bank w...
Brazilian economists have continued cutting their GDP growth estimates , hiking their monetary policy rate forecasts for this year, a weekly survey from the region's central bank (BCB) shows. The economists lowered their 2013 GDP expansion estimate to 2.49 % from the previous forecast of 2.53 % , from 2.98 % 4 weeks ago. At the same time they upped their year-end monetary policy rate ...
As expected by most Industry participants, the Chilean central bank maintained the benchmark interest rate at 5.00 % for the 17th consecutive month at its latest monetary policy committee meeting. "Domestically, recent information shows that output , demand continues slowing down. The adjustment has been more marked in investment, while private consumption has remained strong," the central ban...
Event Farmers' associations are set to begin a week-long strike on June 15th , during which grain sales will come to a halt. Analysis The strike follows months of consultations between farmers' association representatives , farmers, who have pushed for more effective protests against government policy. Farmers' profitability has been hit by growing input , wage costs amid high infla...
Due to the continued devaluation of the Brazilian Real versus the US dollar , the Euro, Sun Chemical will increase prices across all product lines for its Brazilian customers, effective 1 Jul 2013 . The percentage of the increase will vary dependent on the product composition , product line. Sun Chemical will communicate specific increases directly with...
High inflation rates in Brazil at above 6 % are set to continue until at least October before falling below the 6 %-mark, said Bank of America Merrill Lynch in a report. The year-on-year inflation rate rose marginally to 6.50 % in May from 6.49 %. Inflation has during the year been pressured upwards mainly by food , servic...
Event as reported by data recently published by the Instituto Nacional de EstadÃstica e Informática (INEI, the national statistics office), consumer price inflation increased by 0.19 % month on month in May. Analysis Higher food , beverages prices, which rose by 0.6 % compared with April, were partly offset by a 3.7 % monthly decline in electricity tariffs. Year-on-year inflation increased ...
RIO DE JANEIRO , 2013-06-13 (BSS/AFP) - A spate of poor economic indicators -- rising inflation, sluggish economic growth , a swelling trade deficit -- has dented Brazilian President Dilma Rousseff's popularity 1 year before the next presidential polls. "The only positive signal has been the Central Bank's (0.5 %) hike of its key interest rate" to 8 % -- more than...
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