News Brazil Economy: Brazil's Central Bank launches digital currency plan
Brazil's Central Bank (BCB) Monday announced a new digital currency for South America''s largest country, which will be called 'Drex' and is not expected to reach account holders before late 2024, Agencia Brasil reported.
News Brazil Economy: Brazil's Government Readies Carbon Market Proposal
By Paulo Trevisani Brazil's government has finalized a bill creating a cap-and-trade carbon market expected to help Latin America's largest economy curb...
News Brazil Economy: Brazilian president Lula pledges ‘new Amazon dream’ at rainforest summit
Luiz Inácio Lula da Silva offered ambitious plan for future of Amazon forest, promising to repair damage done by Jair Bolsonaro ...
News Brazil Economy: Brazil’s Central Bank to introduce virtual currency in 2024
Drex distinguishes itself from cryptocurrencies. It will maintain a fixed value equivalent to the Brazilian real. Every 1 real will correspond to 1 Drex.
News Brazil Economy: Brazil central bank sees unlikelihood of rate cuts exceeding 50 bps in the future
Brazil's central bank signaled on Tuesday there is low probability of an additional intensification in the pace of its rate cuts, after it embarked on an easing cycle with a first 50 basis point reduction.
News Brazil Economy: Investors are increasingly optimistic about Brazil’s economy
Brazil’s improving fortunes are partly the result of things outside Lula’s control. Russia’s invasion of Ukraine put exports from two of the world’s largest grain producers (Russia and Ukraine) at ...
News Brazil Economy: Could Indigenous communities in Brazil hold key to climate justice?
Under the scorching late-morning Amazon sun, dozens of people begin to approach from all corners of the woods, farming gear slung over their shoulders. As tradition dictates, residents of the Willimon community in the Raposa Serra do Sol Indigenous territory of Brazil’s Roraima state are coming together to help fellow farmers plough their land.
News Brazil Economy: How Brazil outsmarted the world’s richest countries on interest rates
Hours before Andrew Bailey and his Bank of England colleagues met to raise interest rates for the fourteenth time in a row, a group of counterparts 5,500 miles away reached a different conclusion.Instead of causing more pain for homeowners,
News Brazil Economy: Brazil Cuts Interest Rate By Half-point, First In 3 Years
Finance Minister Fernando Haddad hailed the decision. "Inflation is under control, we're planning for the economy's future. Investors, consumers and families are going to be able to plan for a Brazil of fiscally, socially and environmentally sustainable ...
News Brazil Economy: Brazil exports remain concentrated in commodities and imports in industrial goods, WTO report
Brazil’s integration into the global economy has grown in recent years, but exports are increasingly concentrated in commodities, and imports are dominated by industrial goods, according to the World Trade Organization (WTO) assessment of Brazilian trade policy.
News Brazil Economy: EMERGING MARKETS-Latam FX hit after US credit downgrade, Brazil rate verdict eyed
* Brazil's Haddad 'certain' of rate cut * Dollar jumps despite Fitch US rating downgrade * Latam FX down 0.9%, stocks off 1.8% (Updated at 1910 GMT) By Ankika Biswas, Amruta Khandekar and Shristi Achar A Aug 2 (Reuters) - Latin American currencies took a hit on Wednesday...
News Brazil Economy: Brazil's Lula voices support for more countries joining BRICS group
Brazilian President Luiz Inácio Lula da Silva says he supports more countries joining the BRICS group of large developing nations, which currently includes Brazil, Russia, India, China and South Africa
News Brazil Economy: Four Nigerian youths rescued in Brazil, after surviving14 days on a ship’s rudder
On their tenth day at sea, the four Nigerian stowaways crossing the Atlantic in a tiny space above the rudder of a cargo ship ran out of food and drink.
News Brazil Economy: Brazil July Trade Surplus Narrowed to $9.04B Vs. June Surplus of $10.6B
By Paulo Trevisani Brazil's trade surplus narrowed in July as exports fell and imports rose, the economy ministry said Tuesday. The country recorded a...
News Brazil Economy: Brazil: family farming is 8th largest food producer in the world
Boasting 3.9 million agricultural establishments, family farms represent 77% of all such establishments and occupy 23% of Brazil´s total agricultural land.
News Brazil Economy: Brazil set to kick off monetary easing with small rate cut on Aug 2
Brazil's central bank is poised for its first interest rate cut in three years on Wednesday, with most economists anticipating a small reduction despite government calls for more aggressive action as inflation cools and economic activity loses steam.
News Brazil Economy: Brazil’s Unemployment Rate Trends Lower as Economy Holds Up
(Bloomberg) -- Brazil’s unemployment rate fell more than expected in the three months through June even as Latin America’s biggest economy faces headwinds including double-digit borrowing costs.Most Read from BloombergBodegas Put on Notice as Visa Fights Back on Card SurchargesThe Pizza That’s Taking Over the USBurning Ship’s Operator Says Almost 500 EVs Are on BoardSpaceX Falcon Heavy Rocket Deploys Massive SatelliteStocks Crush ‘Year of Bond’ in Biggest Sentiment Shift Since ‘99Government data
News Brazil Economy: Brazil's postal service inks deal with Shopee to sell products to Asia
Brazil's postal service Correios said on Wednesday it has signed an agreement with Singaporean shopping app Shopee to boost exports of Brazilian products to Southeast Asian markets.
