Tag: Brazil

Brazil in unexpected interest rate cut

Brazil in unexpected interest rate cut

Brazil’s central bank has cut the country’s key interest rate to 12% from 12.5% - a move which surprised economists. However, the bank said there had been a “substantial deterioration” in the outlook for the global economy and that was its reason for the rate cut. One analyst said the rate cut is a “huge [...]

September 1, 2011 | 0 Comments More
Brazil lifts interest rates further to curb inflation

Brazil lifts interest rates further to curb inflation

Brazil, which is one of the world’s fastest growing economies, recently admitted that inflation is spiralling out of control. Yesterday, the central bank lifted its key interest rate to 11.75% from 11.25%, in a bid to tame inflation, which at 5.91% exceeds the Government’s target of 4.5%. The move, which was widely expected, is the [...]

March 3, 2011 | 0 Comments More
Brazil lifts interest rates to curb inflation

Brazil lifts interest rates to curb inflation

Brazil, which is one of the world’s fastest growing economies, has admitted that inflation is spiralling out of control. As a result, the central bank has lifted its key interest rate half a percentage point to 11.25% in a bid to tame inflation, which at 5.91% exceeds the Government’s target of 4.5%. The interest rate, [...]

January 20, 2011 | 0 Comments More
UK exporters: emerging markets or join “slow lane of history”

UK exporters: emerging markets or join “slow lane of history”

A new report from PricewaterhouseCoopers (PwC) is urging UK companies to focus on emerging markets, or join the “slow lane of history” by continuing to focus on markets in North America and Western Europe. In PwC’s latest “World in 2050″ series, the firm’s head of macroeconomics, John Hawksworth, comments: “Rapid growth in consumer markets in [...]

January 7, 2011 | 0 Comments More
Brazil to become fifth largest economy within five years

Brazil to become fifth largest economy within five years

Brazil appears to be bucking the trend after creating 1.3 million jobs last year - when other economies have battling with rising unemployment. The economy has been going from strength to strength, growing by an annualised rate of 5%. The country’s labour minister expects to create a further 2 million jobs in 2010 and, as [...]

December 29, 2010 | 0 Comments More
Brazil’s economy performs better than its footballers

Brazil’s economy performs better than its footballers

Brazil’s performance at the World Cup may not have been up to standard, but the country’s strong economy remains a hot favourite with investors, according to F&C Investments. The investment bank pointed out that Brazil’s benchmark Bovespa index rose 77% in 2009. However, despite the strong performance, the index has yet to recover to pre-2008 [...]

July 9, 2010 | 0 Comments More
China ranked bottom for ethical investment

China ranked bottom for ethical investment

Ethical investors looking to put money into emerging market economies should avoid China, Egypt and Vietnam, the Ethical Investment Research Service (Eiris) has claimed. Research by the group found these three countries to be the worst performers in terms of Environmental, Social, and Governance indicators. The three best-performing emerging market countries were South Korea, Brazil, [...]

June 16, 2010 | 0 Comments More
Brazil’s economy expands 9% on year

Brazil’s economy expands 9% on year

Brazil’s economy, which is the biggest in Latin America, has posted growth of 9% in the first three months of 2010, compared with the same period a year earlier. The annual growth, which grew at the fastest rate since 1996, was boosted by capital spending and industrial growth, according to official figures from the Government’s [...]

June 8, 2010 | 0 Comments More
Co-op named sustainable bank of the year

Co-op named sustainable bank of the year

Co-operative Financial Services (CFS) secured the accolade of sustainable bank of the year at this year’s Financial Times Sustainable Banking Awards. HSBC was announced as the runner up, while Itau Unibanco, Brazil won the award for emerging markets sustainable bank of the year. “We are seeing a much greater commitment by financial institutions in both [...]

June 7, 2010 | 0 Comments More
Santander first quarter profits up 6%

Santander first quarter profits up 6%

Spanish banking giant, Santander, has today posted a 6% rise in first quarter net profit, fuelled by strong growth in Brazil and the UK. The bank said net profit totalled €2.215 billion (£1.93 billion) against €2.10 billion in the same period a year ago. The bank’s results come just one day after credit rating agency [...]

April 29, 2010 | 0 Comments More
Brazil emerges from recession

Brazil emerges from recession

Brazil has followed Japan, Germany, France and Hong Kong by exiting recession after experiencing positive growth in the second quarter. The economy, which is the largest in Latin America, grew by 1.9% in the April to June quarter compared with the previous three months. The growth was better than analysts had expected. The second quarter [...]

September 11, 2009 | 0 Comments More
Brazil central bank cuts interest rates to 10.25%

Brazil central bank cuts interest rates to 10.25%

The Brazilian central bank has cut interest rates by 1 percent to 10.25 percent, while the move was widely expected, many investors are disappointed that the reduction was not greater with a 1.5 percent rate cut being mooted. This was evidence that the central bank has reduced their policy of monetary easing, although the benchmark [...]

May 1, 2009 | 0 Comments More