brazil Archive

  • Brazil Aug Broad Retail Sales Up 0.1% On Month Vs. 0.1% In Jul, Consensus 0.8% The material has been provided by InstaForex Company - www.instaforex.com

    *Brazil Aug Broad Retail Sales Up 0.1% On Month Vs. 0.1% In Jul, Consensus 0.8%

    Brazil Aug Broad Retail Sales Up 0.1% On Month Vs. 0.1% In Jul, Consensus 0.8% The material has been provided by InstaForex Company - www.instaforex.com
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  • Chile captain Claudio Bravo insists they have the weapons to beat Brazil and secure World Cup qualification. They may have never won a qualifier on Brazilian soil but the Manchester City goalkeeper remains confident they can achieve what no other side has managed in the current campaign.Brazil have already guaranteed their participation in Russia next summer - the only South American country to do so heading into the final round of matches - and have dropped just two points out of a possible 24 at home so far.The situation is so tight in the group that a draw or a defeat could see Chile, who are currently third, end up with an automatic qualifying spot, finish fifth and go into the play-off with New Zealand or get knocked out altogether. Bravo, though, insists they are focused on one outcome only."We're not worried about the other games. All we're thinking about is picking up points in Brazil," Bravo told a press conference."We have to beat a strong opponent, who are pla..

    Bravo confident of Chile’s chances against Brazil with World Cup spot at stake

    Chile captain Claudio Bravo insists they have the weapons to beat Brazil and secure World Cup qualification. They may have never won a qualifier on Brazilian soil but the Manchester City goalkeeper remains confident they can achieve what no other side has managed in the current campaign.Brazil have already guaranteed their participation in Russia next summer - the only South American country to do so heading into the final round of matches - and have dropped just two points out of a possible 24 at home so far.The situation is so tight in the group that a draw or a defeat could see Chile, who are currently third, end up with an automatic qualifying spot, finish fifth and go into the play-off with New Zealand or get knocked out altogether. Bravo, though, insists they are focused on one outcome only."We're not worried about the other games. All we're thinking about is picking up points in Brazil," Bravo told a press conference."We have to beat a strong opponent, who are pla..
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  • Brazilian congressional report recommends shelving new charges against President Temer in corruption case (via Reuters)

    Brazil – Congressional report recommends shelving new charges against Temer

    Brazilian congressional report recommends shelving new charges against President Temer in corruption case (via Reuters)
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  • The market forecast for the Brazilian primary deficit in 2017 decreased to R$ 158.43 billion, from R$ 159 billion, according to the most recent Ministry of Finance's survey on the issue. For 2018, the primary deficit estimate also dropped to R$ 155.6 billion, from R$ 156.3 billion in the survey. Recently, the Brazilian government claimed a frustration in revenues to increase its fiscal target for this year and the next to R$ 159 billion in each one. Before the revision of the fiscal targets, on August 15, the primary deficit target was at R$ 139 billion for 2017 and R$ 129 billion for 2018.The material has been provided by InstaForex Company - www.instaforex.com

    BRAZIL: Market Forecast For 2017 Primary Deficit Falls To R$ 158.43 Billion

    The market forecast for the Brazilian primary deficit in 2017 decreased to R$ 158.43 billion, from R$ 159 billion, according to the most recent Ministry of Finance's survey on the issue. For 2018, the primary deficit estimate also dropped to R$ 155.6 billion, from R$ 156.3 billion in the survey. Recently, the Brazilian government claimed a frustration in revenues to increase its fiscal target for this year and the next to R$ 159 billion in each one. Before the revision of the fiscal targets, on August 15, the primary deficit target was at R$ 139 billion for 2017 and R$ 129 billion for 2018.The material has been provided by InstaForex Company - www.instaforex.com
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  • Brazil's center-south sugarcane crush for the 2017-18 harvest was 1.91% down from April to October 1 compared to the same period a year ago, totaling 467.171 million tons, said the Union of Sugarcane Industry (Unica). Total ethanol production reached 19.967 billion liters, down 2.75% from a year before, with 8.375 billion liters in anhydrous ethanol (+1.43%) and 11.042 billion liters of hydrous ethanol (-5.70%). Meanwhile, sugar production rose by 4.85%, totaling 29.235 million tons. Regarding production mix, 51.77% of the raw material obtained was used for ethanol production, while the remaining 48.23% went to sugar production. Year-to-date, Total Recoverable Sugar (TRS) reached 136.18 kilograms per ton of sugarcane, 2.57% higher than in the same period of the 2016/2017 cycle when TRS was at 132.77 kilos per ton.The material has been provided by InstaForex Company - www.instaforex.com

    BRAZIL: Center-south Sugarcane Crush Is 1.91% Down From Last Year

    Brazil's center-south sugarcane crush for the 2017-18 harvest was 1.91% down from April to October 1 compared to the same period a year ago, totaling 467.171 million tons, said the Union of Sugarcane Industry (Unica). Total ethanol production reached 19.967 billion liters, down 2.75% from a year before, with 8.375 billion liters in anhydrous ethanol (+1.43%) and 11.042 billion liters of hydrous ethanol (-5.70%). Meanwhile, sugar production rose by 4.85%, totaling 29.235 million tons. Regarding production mix, 51.77% of the raw material obtained was used for ethanol production, while the remaining 48.23% went to sugar production. Year-to-date, Total Recoverable Sugar (TRS) reached 136.18 kilograms per ton of sugarcane, 2.57% higher than in the same period of the 2016/2017 cycle when TRS was at 132.77 kilos per ton.The material has been provided by InstaForex Company - www.instaforex.com
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  • The Brazilian economy is expected to grow 0.7% in 2017 and 1.5% in 2018, said the International Monetary Fund (IMF), raising its estimates for the South American country. In the previous report, IMF projected a 0.3% growth in 2017 and a 1,3% rise in 2018. According to the IMF, its upwards revision for the Brazilian economic growth is due to the performance of the agribusiness and higher consumption. "In Brazil, strong export performance and a slowing down in domestic demand have allowed the economy to resume growth in the first quarter of 2017 after eight quarters of decline," the IMF noted in the report. The Fund mentions the release of mandatory workers savings as one of the factors that helped boost the Brazilian economy but points out that the increasing political uncertainty and the weakening of investments still weigh on the country's economy. "The gradual restoration of confidence - with the implementation of key reforms to ensure fiscal sustainability over time - shoul..

    BRAZIL: IMF Raises 2017 GDP Growth Forecast To 0.7%, From 0.3%

    The Brazilian economy is expected to grow 0.7% in 2017 and 1.5% in 2018, said the International Monetary Fund (IMF), raising its estimates for the South American country. In the previous report, IMF projected a 0.3% growth in 2017 and a 1,3% rise in 2018. According to the IMF, its upwards revision for the Brazilian economic growth is due to the performance of the agribusiness and higher consumption. "In Brazil, strong export performance and a slowing down in domestic demand have allowed the economy to resume growth in the first quarter of 2017 after eight quarters of decline," the IMF noted in the report. The Fund mentions the release of mandatory workers savings as one of the factors that helped boost the Brazilian economy but points out that the increasing political uncertainty and the weakening of investments still weigh on the country's economy. "The gradual restoration of confidence - with the implementation of key reforms to ensure fiscal sustainability over time - shoul..
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  • Ibovespa, the benchmark stock index in Brazil, rose 1.54% Tuesday, closing at 76,897.21 points and setting a fresh record closing level (breaking 76,762.91 points from last Tuesday). The surge was driven by market players bets that the Brazilian Congress will approve a more lenient pension reform after the discussions on the second criminal complaint against the President Michel Temer. "There were reports that the representatives were working to approve a pension reform with three points, softer than the original one, but still it is a pension reform. On the other side, Temer is moving, and there is a perception that he would be shielded," said Ari Santos chief operating officer at H. Commcor. According to Rog?rio Freitas, an analyst at Floren?a Investimentos, after three days of fall, the Ibovespa goes higher again underlining the buying power of the market. "The movement follows the path of last week, with investors seeing the recovery of economic growth and the political risk lo..

    BRAZIL: Ibovespa Renews Record On Expectation Over Pension Reform Approval

    Ibovespa, the benchmark stock index in Brazil, rose 1.54% Tuesday, closing at 76,897.21 points and setting a fresh record closing level (breaking 76,762.91 points from last Tuesday). The surge was driven by market players bets that the Brazilian Congress will approve a more lenient pension reform after the discussions on the second criminal complaint against the President Michel Temer. "There were reports that the representatives were working to approve a pension reform with three points, softer than the original one, but still it is a pension reform. On the other side, Temer is moving, and there is a perception that he would be shielded," said Ari Santos chief operating officer at H. Commcor. According to Rog?rio Freitas, an analyst at Floren?a Investimentos, after three days of fall, the Ibovespa goes higher again underlining the buying power of the market. "The movement follows the path of last week, with investors seeing the recovery of economic growth and the political risk lo..
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