Saturday, Apr 20, 2024

International Finance

Tag : Brazil

Business Leaders

Brazil’s President Rousseff stays in power

International Finance Desk
by International Finance Desk
State interventionism wins over free market Kamilia Lahrichi October 27, 2014: Left-leaning president Dilma Rousseff won the election in recession-hit Brazil on October 26 after one of the most dramatic electoral campaigns. The country’ first female president turfed out the centrist contender Aécio Neves with about 52% of the vote against 48% for her rival...
Read more
Business Leaders

Uruguay’s presidential election goes to run-off

International Finance Desk
by International Finance Desk
abare Vazquez of the leftish Broad Front and Lacalle Pou from the conservative National Party won the first round Kamilia Lahrichi Oct 27,2014: The two contenders who won Uruguay’s first round of the presidential election on October 26 will not bring about any radical economic change for this small country wedged between two regional heavyweights –...
Read more
Economy

WTO rules against Argentina’s protectionism

International Finance Desk
by International Finance Desk
Says South American country’s import restrictions breach global trade rules Kamilia Lahrichi August 25, 2014: International pressure on Argentina is increasing as the World Trade Organization (WTO) ruled on August 22 that the South American country’s import restrictions breach global trade rules. The 170-page ruling sided with the European Union, the United States and Japan...
Read more
Banking

Brazilian central bank resorts to reserve requirement cuts

International Finance Desk
by International Finance Desk
Measure suggests a compromise between hawks at the COPOM and the Rousseff administration July 28, 2014: Citing the slowdown in bank lending, the Brazilian central bank (BACEN) on July 25 announced a reduction in the amount of reserve requirements, totaling about BRL30bn (or 7.5% of the total outstanding amount). Reserve requirements have been utilized by...
Read more
Economy

FIFA World Cup fails to lift Brazil, shows apex bank data

International Finance Desk
by International Finance Desk
Monthly budget deficit in May almost touches all-time high while HSBC survey signals further deterioration in factory sector, reports Team IFM Sao Paolo, July 9: Brazil’s dalliance with  fiscal instability continued in May, data released by the country’s central bank on July 1 shows, sinking hopes that the ongoing FIFA World Cup would lift it...
Read more