Brazil planning to cut taxes to stimulate domestic consumption
Brazil is considering extending stimulus tax cuts on home appliances even as the country’s economic recovery shows signs of gaining momentum. Tax cuts helped Brazilian auto industry sales to soar.
GM´s CEO has ´very good´ outlook on Brazil
General Motors [GM.UL] said Brazil\'s car market has \"a very good outlook\" and the automaker will reinvest profits from the country\'s unit locally, Chief Executive Fritz Henderson told newspaper O Estado de S. Paulo in an interview on Monday.
Brazilian Interest Rates Remain Unchanged
Brazil’s central bank kept its key Selic interest rate at a record low 8.75% and said its level was “consistent” with a non-inflationary recovery, signalling that no increase in borrowing costs is imminent.
Brazilian central bank leaves monetary expansion policy unchanged
Brazil’s central bank kept its key Selic interest rate at a record low 8.75% and said its level was “consistent” with a non-inflationary recovery, signalling that no increase in borrowing costs is imminent.
Standard Life makes first property acquisition in Brazil
Standard Life Investments, one of the largest property investors in Europe, announced that it has made its first direct investment in the Brazilian real estate market with the acquisition of a multi-let office property in Sao Paulo for c.R$15m.
Brazil May Keep Rate at Record 8.75% to Gauge Rebound
Brazil’s central bank will probably keep the benchmark interest rate unchanged at a record low today as it gauges the strength of the economic rebound before unwinding stimulus measures.
Brazil May Keep Rate at Record 8.75% to Gauge Rebound
Brazil’s central bank will probably keep the benchmark interest rate unchanged at a record low today as it gauges the strength of the economic rebound before unwinding stimulus measures.
Brazil’s big challenge is to keep the ball in the air
Forget the 2012 Olympics — the building site on reclaimed wasteland in Essex. The Olympics to watch is the event four years later in Rio de Janeiro, and not just for the delights of beach volleyball on Copacabana.
Lula da Silva promises a million new formal jobs in 2009
President Lula da Silva said Brazil would end this year with a million new formal jobs and in 2010 the economy will expand 5%. Speaking at his program “Breakfast with the President”, Lula da Silva announced that 252.000 jobs had been created in September which means 2009 will end “with a million new formal jobs”.
