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Brazil inflation hits 12 year high

Annual inflation in Brazil has hit a 12-year high at 10.48 percent, the government said Wednesday, in the latest signal of economic disarray in the world`s seventh biggest economy.

 

Brazil president reshuffles cabinet to avert disaster

At a time of recession, a massive corruption scandal and political instability, Rousseff yesterday said the shakeup would help put the world's seventh biggest economy and Latin America's biggest country back on track.

Brazil inflation hits 12-year high of 9.56%

Brazil`s annual inflation rate climbed to 9.56 percent in July, the highest level since 2003, official data showed Friday.

Rio de Janeiro confident a year before 2016 Olympic Games but questions remain

Rio de Janeiro confident a year before 2016 Olympic Games but questions remain

Brazil`s economy is heading for recession, the president is threatened with impeachment and a huge corruption scandal has engulfed the nation but Rio is riding a wave of confidence in its preparations to host the Olympics next year.

Brazil jobless rate creeps up to 5.9%

The number of jobless seeking work is estimated at 1.4 million people -- 10.2 percent higher than in January and 14.1 percent up on February last year, the figures showed.

Brazil lifts key rate 0.5 points to 11.75%

Brazil`s central bank on Wednesday raised its key interest rate by 50 basis points to 11.75 percent, surprising many analysts who had expected a rise of just a quarter percentage point.

Brazil posts worst November trade deficit in 20 years

Brazil on Monday posted a $2.35 billion trade deficit in November, the country`s worst monthly result in 20 years, and cementing its slide into the red for the year after a decade of surpluses.

Brazil lifts key rate to 11.25%

Brazil`s central bank on Wednesday raised its key interest rate by 25 basis points to 11.25 percent -- the first hike since April -- in the wake of leftist Dilma Rousseff`s re-election as president.

Rousseff says Brazil can avoid credit downgrade

President Dilma Rousseff said on Tuesday that Brazil can recover economically and avoid a credit ratings downgrade in her second term.

Re-elected by Brazil, Dilma Rousseff vows to become a 'much better President'

Re-elected by Brazil, Dilma Rousseff vows to become a 'much better President'

Re-elected President of Brazil, Dilma Rousseff appeared upbeat after her election victory, oozing with hope and enthusiasm, promising her countrymen all the much needed changes and reforms and vowed to become a “much better President” than she has been until now.

Rousseff pledges changes after narrow re-election win, markets fall

President Dilma Rousseff promised on Monday to make changes to her economic policies as she sought to build bridges with business leaders after narrowly winning re-election at the end of an acrimonious campaign.

Brazil falls into recession as election looms

Brazil's GDP shrank 0.6 per cent in the second quarter.

Brazil's economy grows in second quarter

The figure marked a year-on-year GDP growth of 3.3 percent, Xinhua cited the Brazilian Institute of Geography and Statistics as saying Friday.

Brazil asks IMF to review way it calculates debt

Brazil has asked the International Monetary Fund to review the way it measures the nation's gross debt, saying the methodology inflates the indicator, according to a letter the government sent to the multilateral institution.

Brazil's economic activity index down

The Brazilian economy grew just 0.6 percent in the first quarter of this year, below official and market forecasts.

Brazil records lowest trade surplus since 2002

Brazil recorded a trade surplus of USD 760 million in May, the lowest since 2002.

Brazil's economy grows 0.60% first quarter

Brazil's economy grew 0.60 percent in the first quarter of 2013, compared with the final quarter of last year, the government said.

Brazil sells $750 mn government bonds

Brazil said that it sold $750 million worth of dollar-denominated government bonds due January 2023 in European and US markets.

Brazil cuts interest rates on small business loans

Brazilian President Dilma Rousseff has announced here a reduction in the interest rate on public loans for owners of small businesses from 8.0 percent to 5.0 percent.

Brazil aims to double per capita income

Last year, Brazil's per capita income remained stable at 22,402 reals (USD 11,429), reported Xinhua citing official figures.