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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.

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.

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.

After anaemic 2012, Brazil sees 4% growth this year

Brazil's government has blamed global economic woes for paltry GDP growth last year, but it expects the country to rebound in 2013 and expand by up to 4 percent.

Brazil stimulates construction to spur economy

The measures include tax breaks for the sector, reduced labour costs and very low-cost loans.

Brazil's economy growing again, says finance chief

The Brazilian economy is accelerating after a slow first half of 2012 and will remain on a growth trajectory, the country's finance minister said Wednesday in Paris.

Brazil's economy grows at fastest clip in 15 months

Brazil's economy expanded by 0.75 percent in June relative to the previous month as tax breaks stimulated growth, the central bank said.