Stock Market / Finance in Brazil
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CHINA, 2017/09/07
The BRICS Finance Committee is discussing a joint virtual currency for the five country bloc of developing economies, according to the Russian Direct Investment Fund (RDIF) chief Kirill Dmitriev. During the BRICS Summit in Xiamen, Dmitriev told journalists that Brazil, Russia, India, China and South Africa could develop its own alternative to other payment tools.
"While there is a focus on settlements in national currencies, cryptocurrencies are as well being discussed as one of the possible settlement mechanisms," Dmitriev explained.
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BRAZIL, 2017/08/22
Next rising during the morning, boosted by the iron ore appreciation abroad, the Ibovespa reversed its course and closed slightly down (-0.11%), at 68,634.64 points on Monday.
The benchmark stock index in Brazil was affected by investors' concerns about the fiscal issue and the complaint filed by the country's Attorney General's Office (PGR) against the Senator Romero Jucá (PMDB-RR).
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CHINA, 2017/01/23
A presentation session of the China-Portuguese Speaking Nations Cooperation and Development Fund and the investment framework for investment in Portuguese-speaking nations is due to take place on 25 January in Macau, organised by the Macau Institute for Trade and Investment Promotion (IPIM).
This session is co-organised by the Macau Economic Service, the Finance Services Bureau and the Macau Monetary Authority and support is provided by the Permanent Secretariat of the Forum for Economic and Trade Cooperation between China and Portuguese-Speaking Nations.
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BRAZIL, 2015/12/16
One of the truest aphorisms in the world of investing is that Brazil is the country with the MOST potential… and always will be.
There are few other nations on the planet blessed with such an abundance of resources—fertile land, plenty of water, a huge people, incalculable mineral and natural resource wealth, etc.
And from presently on Brazil can’t ever seem to get out of its own way to realize its potential. Don’t get me wrong; I really like Brazil. The people here are part the friendliest, most welcoming, and fun loving on the planet.
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BRAZIL, 2015/08/26
Fears that growth in China, which carried the global economy following the 2008 financial crisis, is slowing over the long term are affecting riskier assets around the world, with commodities and emerging markets among the hardest hit.
“The process of falling commodity prices due to the adjustment in China will continue to burden the global economy for a long time,” Rousseff told Handelsblatt. A slump in commodity markets will burden the global economy for some time to come, Brazilian President Dilma Rousseff told Germany's Handelsblatt business daily, adding she hoped the Brazilian economy would pick up in a year.
“The current crises in emerging economies will have their effects on the global economy,” she added.
Turning to Brazil, where Rousseff is trying to reduce a gaping fiscal deficit and restore confidence in her government's accounts, she said her country was facing “massive economic difficulties”.
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BRAZIL, 2015/05/17
”Brazil is going through a period of economic adjustment. Our priority has been to ensure the sustainability of public finances as the basis of a new increase cycle,” Levy said in a presentation at the London Stock Exchange. “We expect the current slowdown of our economy to be temporary. I am confident that by next year we will start to see results,” he said.
Brazil’s economy has been stagnant for most of the completed four years, and the International Monetary Fund predicts a contraction of 1% in 2015, though adding it could return to increase in 2016. The IMF said on Tuesday that Brazil must do additional to achieve its 2015 fiscal savings goal and needs deep economic reforms to foster stronger increase.
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BRAZIL, 2014/01/11
The December spike was fueled in large part by higher prices for gasoline and air fares, IBGE said. For the whole of 2013, food prices had the biggest impact on the inflation index.
In late November, Brazil's central bank hiked its base rate by half a % point to 10% to rein in high inflation during a period of sluggish economic increase.
It was the sixth straight monthly rise since April and it came barely 11 months before presidential polls in which President Dilma Rousseff is tipped to win re-election.
The bank has been seeking to keep a lid on inflation, which in June reached 6.7% on an annualized basis, above the 6.5% upper limit of the official range.
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BRAZIL, 2014/01/11
The yield was considerably above Brazil's base Selic rate, currently 10%, but lower than some analysts had feared. Most economists estimate the central bank will raise the Selic to 10.25% this month to fight inflation.
The yield was as well higher than the 11.55% the Treasury paid in 2012 at the launch of its previous 10-year NTN-F, and the 13.299% it paid in 2010 at the launch of an NTN-F maturing in 2021. Still, the result was better than the 13.5% yield a lot of analysts feared the Treasury would be forced to pay.
Investors have been demanding higher returns to buy Brazilian assets as heightened government spending, slow economic increase and persistently high inflation have greatly reduced the allure of Latin America's major economy.
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BRAZIL, 2013/11/11
On an annualized basis, the 5.84% rate in October, which compared with 5.86% in September, was within the 6.5% upper limit of the official target.
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BRAZIL, 2013/10/24
The bond sale on Wednesday came as investors' appetite for riskier assets is rising on bets that the U.S. Federal Reserve will delay scaling back its monetary stimulus. The Fed's bond-buying program, which aims to hold down U.S. interest rates, has resulted in a steady source of dollars seeking higher returns in emerging markets.
While issuing a new bond with a lower coupon, the government aims to retire older bonds that do not help create “the best yield curve for Brazil,” Treasury Secretary Arno Agustin told reporters in Brasilia.
”The market is less volatile, calmer, and the (deficit) issue as well helps Brazil show its fundamentals,” Agustin said.
