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Brazil's Unions and Industry Oppose Higher Interests
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It's Been Ten Years Since Banks Had So Much Profit in Brazil
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Rewrite Your Books. Brazil Grew in 2003.
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Market Lower in Brazil Amid Fears of Higher Interest Rates
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Brazil's Central Bank Hikes Interest Rates to 18.25%
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Brazil's Interest Rates Scare Investors
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Lower Interest Rates Won’t Be Enough for Brazil. But It’s a Start.
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Brazil Waiting for an Interest Rate Boost
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Brazilians Pay World's Highest Interest Rates
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Brazil's Central Bank New 19.25% Interest Rates Draw Unions' Ire
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Don't Expect Lighter Taxes Soon, Says Brazil
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Fleeing Brazil Market to Higher Ground
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U.S. Consumer Price Hike Depresses Brazil Market
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Brazil Ends Market Week in Selling Mood
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Interest Rates Are Hurting Brazil, Says Industries Federation
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A Map to Lower Brazil's Interest Rates from 19.5% to 4%
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Lula Blames Inflation on Brazil's High Interest Rates
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Brazil Boosts Interest Rates for 9th Time in a Row
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Dollar Falls to a Three-Year Low in Brazil
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Interest Rate Hikes Not Reining In Brazil's Inflation
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Brazil Plays Catch-Up to the US and Stocks Shoot Up
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Raising Interest Rates Is Not Working in Brazil
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Brazil Betting Tight Credit Is Ending
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Rumors About Brazil's Chief of Staff Stepping Down for Corruption Shake Market
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A First in 10 Months: Brazil Leaves Interest Rates Alone
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Brazilian Top Unions Blast Copom for Not Cutting Interest Rates
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Brazilian Industry Wants Urgent Reduction of Interest Rates
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Lulas's Plan to Reshuffle Cabinet Brings Good Tides to Brazil Market
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It's Time Brazil Adopts a More Flexible Monetary Policy, says BNDES Chief
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Oil Prices Scare Brazilian Investors
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Lula Talks About Cuts in Interest and Market Soars in Brazil
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Lula and Minister Bet Interest Rates in Brazil Will Fall Soon
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Low Inflation Leads Brazil to Hold Benchmark Interests at 19.75%
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Brazil's Industry Leader Calls Interest Rates 'Absurd'
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Brazilian Industry Blames High Interests for Slow Growth
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Good Political and Economic News in Brazil Helps Drag Market Up
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US Market Rises. Brazil Follows the Leader.
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Latin American Market Bounces Back Led by Brazil
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Brazil Keeps Key Interest Rates for Third Month at 19.75%
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Hurricane Katrina Spares Brazilian Bulls
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Raising Interest Rates Is Not A Whim, Says Brazil's Finance Minister
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Only Pact with Devil Explains Brazilian Progress, Says Brazil's Vice-President
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Industry Output Drop in Brazil Fuels Hopes Interests Will Fall
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Good Financial News in Brazil Makes Stocks Soar
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In Brazil, High Interests Are a Rich's Best Friend
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News of Lula's Waning Popularity Depresses Brazil Stocks
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Brazil Lowers Interests to 19.50%. Right Drug, Wrong Dosage, Say Critics
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Brazil's Interest Rates Are Still 6 Times Higher Than the US's
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Brazil Follows U.S. and Gets Back to Black
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Brazil Cuts Interest Rates by 0.5%. Largest Reduction in 2 Years.
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Outlook for Brazilian Economy Remains Upbeat
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Interest-Rate Cut to 18.5% Boosts Brazil Market
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Brazil Reduces Benchmark Interest Rate Again. Still 18.5%.
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Brazil Reassured That Finance Minister Won't Fall
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For Minister, High Interests and Low Dollar Are Hurting Brazil
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Lula's Popularity and Interests Fall, But Brazil Stock Hits Record High
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Brazilian Industry Says Disappointing Cut in Interests Brought Bitter Christmas
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Brazil to Lower Its Long-Term Interest Rates to 9%
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Brazil Confident Foreigners Will Keep Their Money in the Country
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Hopes for Lower Interest Give Brazilians Stocks a Push
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Brazil Expecting Half-Percentage Cut in Key Interest Rate
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Brazil Reduces Key Interest Rate by 0.75% to 17.25%
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Lower Interests and Higher Surplus Fuel Brazilian Market Rebound
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High Inflation Doesn't Deter Bulls in Brazil
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Taxes and High Interests Are the Main Bad Guys in Brazilian Economy
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Brazil's New Key Interest Rate Shows Central Bank's Arrogance, Says Industry Federation
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Key Interest Rate in Brazil Falls 2.5%, But Bank Loan Interests Drop Mere 0.19%
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Brazilian Central Bank's Survey Offers Hint of Falling Interest Rates
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Experts Expecting Lower Interest Rates in Brazil
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Belt-Tightening Won't Be Loosened, Says Brazil's New Finance Minister
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Market Betting Brazil Will Lower Key Interest Rates 2.5% to 14%
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Monetary Easing in US Brings Record Day to Brazil's Market
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Brazil Experts Betting Key Interest Rate Will Fall 0.75% to 15.75%
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As Expected, Brazil's Key Interest Rate Drops to Still High 15.75%
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Brazil's Jobless Rate Jump to 10.4% Is Bad News for Market Too
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Personal Loans at 59% Interest Rate: The Lowest Brazil Has Seen in 12 Years
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Investors Keep Fleeing in Droves from Brazil
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Brazil's Key Interest Rate Drops 0.50%. Still High at 15.75%.
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Brazil's Benchmark Interest Rate the Lowest in 5 Years
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Brazilian Shares Rebound After Interest Rate Cut
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Brazil Cuts Key Interest to Record Low, But It's Still World's Highest
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Brazil Cuts 0.5% in Key Interest Rate. 'Too Little,' Say Workers and Employers.
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After Another Cut Brazil Still Has Interests 3% Higher than Any Country
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Brazil Cuts Interest Rates for 14th Time in a Row, to 12.75%
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Brazil's Record Low Key Interest Rates Are Still the Planet's Highest
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Key Interest Rate Cut in Brazil Leads to Higher GDP Forecast
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Brazil Puts a Brake on Interest Cuts. Key Rate Left at High 11.25%
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São Paulo Governor Pans Brazil's Key Interest Rate Hike
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Fearing Inflation Brazil Gets Ready to Hike Interest Rates
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Brazil Raises Key Rate by 0.5% to 12.25% to Curb Inflation
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Brazil's Lula Summons His Cabinet for Summit on Inflation Blues
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Inflation Fear Leads Brazil Central Bank to Raise Interest Rates by Steep 0.75%
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Brazil Puts the Brake on Growth to Avoid Inflation
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Don't Expect Lower Interest Rates, Warns Brazil's Finance Minister
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Low Inflation Seems to Have Days Counted in Brazil
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It's 13.75%: For Fourth Time in a Row Brazil Raises Key Interest Rate
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Brazil Leaves Key Interest Rate Alone at a Steep 13.75%
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Bet on Weak Dollar Brings Brazil Firms Billion-Dollar Losses
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Brazil's Assurance: We're Not Bankrupt, We're Part of Solution
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Deteriorating Economy Leads Brazil to Cut Interest Rates by 1%
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Brazil Cuts Key Interest Rate by 1%. Workers Wanted 2 %
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Brazil Has Never Seen Its Key Interest Rate So Low: 10.25%
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Brazil to Tax Savings Accounts Amid Talks of 1% Shrinking of the GDP
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Brazil Is Not Afraid of Inflation and Plans to Further Cut Interest Rates
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Brazil Cuts Interest Rates to Record Low 8.75%
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Finance Minister Foresees 4% Growth for Brazil in Coming 12 Months
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Finance War: Brazil Wants Banks to Lend More and Charge Less
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Brazil Keeps Interest Rates at Low 8.75% Amid Signs of Recovery
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Brazil Keeps Key Interest Rate at Record Low 8.75%
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Do you have news, comment or story on Brazil you want to share with Brazzil? Just send it our way to brazzil@brazzil.com. | |
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The Latest from Brazzil Magazine |
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Hopes of Lower Interest Help Brazilian Stocks |
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Written by Paul Davee
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Wednesday, 30 November 2005 |
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Latin American stocks advanced, with Brazilian shares gaining on hopes that weaker-than-expected economic growth data will prompt the central bank to cut interest rates more aggressively.
Meanwhile, Argentine shares rebounded from a two-day sell-off on news the country's Economy Minister was replaced.
Brazil's Bovespa Index jumped 265.21 points, or 0.84%. Mexico's benchmark Bolsa Index gained 136.01 points, or 0.81%, while Argentina's Merval Index rose 21.20 points, or 1.38%.
Brazilian stocks climbed after weaker-than-expected economic growth data boosted expectations the central bank will be more aggressive in cutting interest rates at upcoming monetary policy meetings.
The Brazilian census bureau, or IBGE, said gross domestic product rose 1% in the third quarter from a year ago. The most recent result showed a slowdown in growth from the second-quarter's revised 4% rise and came in beneath analyst estimates. Also, the economy contracted 1.2% in the third quarter from the second quarter.
In response to the sluggish growth data, economists in Brazil reduced their full-year economic growth forecasts, saying the economy remains weak in the fourth quarter due to the continued impact of lofty interest rates. Growth estimates were reduced to between 2% and 3% from previous forecasts of about 3%.
On the political front, Brazil's supreme court ruled in favor of allowing the country's lower house to hold a vote tonight on the removal of Workers' Party legislator and former Presidential Chief-of-Staff, Jose Dirceu, from his seat in congress.
In corporate news, state-run oil firm Petrobras denied press reports that it was planning construction of a refinery in Africa that could cost more than US$ 2 billion.
Elsewhere, Mexican shares gained ground, as investors digested a mixed batch of U.S. economic news. The Federal Reserve said in its latest Beige Book of current economic conditions that the U.S. economy continues to expand, but at remarkably different rates across the country.
Meanwhile, the Chicago PMI slowed in November from the prior month, while the third-quarter GDP reading was upwardly revised to show 4.3% growth. Mexico 's economic health is tied closely to that of the U.S. since Mexico sends nearly 90% of its exports north of the border.
Closer to home, the National Statistics Institute, or Inegi, said today that Mexico's mining production surged in September, with silver, gold and copper production all posting robust gains.
Among individual shares, Cintra dropped following news that the airline holding company sold only one of its two main airlines in a privatization tender.
Carrier Mexicana was sold to hotel operator Grupo Posadas for US$ 165.5 million plus debt and other financial obligations, setting the value of the carrier at US$ 1.46 billion. However, AeroMexico was not sold as the bid for the carrier was too low. Cintra said it still hopes to sell Aeromexico at a later date.
Argentine issues jumped, as investors went in search of bargains following a recent sell-off on news earlier this week that that Economy Minister Roberto Lavagna has been replaced by Felisa Miceli, currently president of state-owned Banco de La Nacion. A number of investors are concerned over whether she has enough experience to contain inflation.
In economic news, the national statistics agency INDEC said today that Argentina's trade surplus came in at US$ 916 million in October, wider than the year-ago surplus of US$ 854 million. The result was helped by strong export figures.
Thomson Financial Corporate Group - www.thomsonfinancial.com
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The small, coastal town of Condé is located just a twenty minute's drive from João Pessoa, the capital of Paraíba. The Northeast of Brazil has historically been a place of encounter and mixing between peoples. For millenia groups of indigenous people fished, farmed, migrated and sometimes fought along this large, fertile area. 
The Brazilian diplo-MÁ-cia (bad diplomacy) carries on its accelerated course towards the non-acknowledgment of human rights, although sometimes it takes pleasure in saying that it does precisely the opposite. The visit of Iran's president, Mahmoud Ahmadinejad, is another example of a diplomatic omission that verges on hypocrisy. 
On July 4, 2006, representatives of Argentina, Brazil, Paraguay and Uruguay met in Caracas to sign the protocol for the entrance of Venezuela into the Southern Common Market (Mercosur). After two and a half years, the protocol was approved by the legislative bodies of Argentina and Uruguay, and as of now it may be only days away from being ratified by the continent's economic megalith, Brazil. 
Some sectors of the fight against AIDS have suggested that Thabo Mbeki, the former president of South Africa, committed genocide through his absence from the fight against the illness in his country throughout his two terms. 
One hundred and eleven years after Brazil abolished slavery, the number of workers deprived of their freedom is still huge. They raise cattle, produce charcoal, sugar cane or timber. Some of them, most undocumented Bolivians, work in basements of small apparel factories in São Paulo and other metropolis. 
On November 7, 2009 a few friends and I had an opportunity to take a look inside a Brazilian jail outside the city of Rio de Janeiro. We were able to take some amateur footage of our experience on video (see link below). It's no surprise, of course, that the typical Brazilian jail lacks some of the functionality of those in North America or Europe, but our experience that day was quite shocking. 
Depletion of the Amazon Rainforest is not a new concern facing environmentalists, biologists, ecologists, and a growing number of the Amazonian indigenous peoples. For decades they have feared for the fate of the world's most biologically diverse and species-rich hothouse. 
Geisy Arruda made history this week in Brazil, but for all the wrong reasons. What began as a poorly planned fashion statement has become a worldwide tale. Geisy decided to wear a pink mini-dress to her private college in São Paulo state, and after that, all hell broke loose. 
The push of vigilante groups in Rio de Janeiro's favelas (shantytowns) in the last three years is the most important and alarming information of the just-released study by the Rio de Janeiro University's Violence Research Center (Nupev-Uerj). 
A dispute over drug trafficking territory in Rio de Janeiro has intensified lately, leaving in its wake unprecedented acts of violence, such as the downing of a police helicopter in the northern zone of the city on October 17. Three policemen died and another two were injured. This event has drawn the attention of the international media, who are raising the issue of public security for the 2016 Olympics to be held in Rio.