DIRS.INFO The most relevant business & tech news

☆ Brazilian police say at least nine killed in Rio de Janeiro raid
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: 1 min

RIO DE JANEIRO, Aug 2 (Reuters) - At least nine people were killed by police in a raid in the Brazilian city of Rio de Janeiro aimed at locating and arresting members of criminal groups, authorities said on Wednesday. During the operation authorities were attacked by armed individuals, police said in a statement. Among the dead are Fiel and Du Leme, leaders of the impoverished Juramento and Chatuba neighborhoods, known locally as 'favelas,' police said. Seven rifles, ammunition and grenades have been seized from the suspects' possession, police said. Reporting by Rodrigo Viga Gaier; Writing by Steven Grattan; editing by Jonathan Oatis and Richard ChangOur Standards: The Thomson Reuters Trust Principles.

Persons: Du Leme, Rodrigo Viga Gaier, Steven Grattan, Jonathan Oatis, Richard Chang Organizations: RIO DE, Thomson Locations: RIO DE JANEIRO, Brazilian, Rio de Janeiro

☆ Brazil police violence reignites after deadly Rio, Sao Paulo raids
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +3 min

RIO DE JANEIRO, Aug 2 (Reuters) - Police in Rio de Janeiro killed at least nine people in a raid on Wednesday, in the latest example of deadly violence by Brazil's security officials after 16 people died at the hands of Sao Paulo state police earlier this week. Police in Rio said they were attacked by armed assailants during Wednesday's operation in the Penha neighborhood. Lopsided death tolls have become a common occurrence in Rio raids, leading critics to allege excessive force or even summary executions by the police. REUTERS/Pilar OlivaresSao Paulo, Brazil's wealthiest and most populous state, has been less blighted by police violence than neighboring Rio. Among those killed in the Rio operation were "Fiel" and "Du Leme," two alleged gang leaders in the impoverished Juramento and Chatuba neighborhoods, police said.

Persons: Jair Bolsonaro, Bolsonaro, Luiz Inacio Lula da Silva, Pilar Olivares Sao, Santos, Tarcisio de Freitas, Freitas, Du Leme, Marco Andrade, Rodrigo Viga Gaier, Eduardo Simoes, Steven Grattan, Gabriel Stargardter, Jonathan Oatis, Richard Chang, Alistair Bell Organizations: RIO DE, Police, REUTERS, Paulo, Thomson Locations: RIO DE JANEIRO, Rio de Janeiro, Sao Paulo, Brazil, Rio, Penha, Guaruja

☆ Four Nigerians, rescued in Brazil, survived 14 days on a ship's rudder
▼ + stars: | 2023-08-01 | by ( Steven Grattan | ) www.reuters.com time to read: +3 min

They survived another four days, according to their account, by drinking the sea water crashing just meters below them, before being rescued by Brazilian federal police in the southeastern port of Vitoria. "It was a terrible experience for me," said 38-year-old Thankgod Opemipo Matthew Yeye, one of the four Nigerians, in an interview at a Sao Paulo church shelter. Both men said economic hardship, political instability and crime had left them with little option but to abandon their native Nigeria. He had never met his new shipmates and feared they could toss him into the sea at any moment. Father Paolo Parise, a priest at the Sao Paulo shelter, said he had come across other cases of stowaways, but never one so dangerous.

Persons: Matthew Yeye, Friday, Ken, Father Paolo Parise, Steven Grattan, Gabriel Stargardter, Rosalba O'Brien Organizations: SAO PAULO, Liberian, Sao, Thomson Locations: Vitoria, Sao Paulo, Europe, Brazil, Nigeria, Africa's, Lagos

☆ Brazilian citizen scientists see humpbacks return decades after mass killings
▼ + stars: | 2023-07-28 | by ( Leonardo Benassatto | ) www.reuters.com time to read: +3 min

Like other citizen scientists, as they are known, Cardoso uses the photographs to collect information on the numbers of the marine mammals, helping researchers and scientists track the surging numbers of humpbacks in the area. "These animals survived whaling with a very, very small population remaining... something between 300 to 500 animals," Palazzo, of the Humpback Whale Institute in the state of Bahia, said. Palazzo says the surge of whales in Ilha Bela is great news for marine conservation, not only in Brazil, but worldwide. "It shows that if we can do effective protection for marine species, most of them will recover," he said. Reporting by Leonardo Benassatto; Additional reporting and writing by Steven Grattan; Editing by Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.

Persons: Julio Cardoso, Cardoso, we've, Jose Truda Palazzo, Palazzo, Ilha Bela, Leonardo Benassatto, Steven Grattan, Sharon Singleton Organizations: ILHA, Whale Institute, Thomson Locations: ILHA BELA, Brazil, Bela's, Bahia, Antarctica, Patagonia, Australia, Ilha

☆ Brazil's jobless rate hits lowest since 2014 for a quarter through June
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +2 min

SAO PAULO, July 28 (Reuters) - Brazil's jobless rate fell in the quarter through June to its lowest level for the period in nine years, statistics agency IBGE said on Friday, underscoring the labor market's resilience despite its high interest rates. It was the fourth consecutive drop for a rolling quarter, according to IBGE, which said the move reflected seasonally lower vacancy rates. Finance Minister Fernando Haddad cautioned that despite the positive data, the unemployment rate should not be perceived as an indicator of a strong economy, given the country's 10% real interest rate leading to an activity slowdown. Some economists also expect high interest rates to take their toll going ahead, as economic growth softens in the country. "All in all, the labor market remained strong in the second quarter, defying the drag from stiflingly high interest rates," Pantheon Macroeconomics' chief economist for Latin America, Andres Abadia, said.

Persons: Fernando Haddad, Haddad, Andres Abadia, Luiz Inacio Lula da Silva's, Rui Costa, Gabriel Araujo, Steven Grattan, Alistair Bell Organizations: SAO PAULO, IBGE, Reuters, Finance, Macroeconomics, Twitter, Thomson Locations: Brazil, America

☆ South Africa’s stance on Russia puzzles many. Could a mine in the desert hold answers?
▼ + stars: | 2023-07-28 | by ( David Mckenzie | ) edition.cnn.com time to read: +10 min

Johannesburg, South Africa CNN —To many observers, South Africa’s stance on Russia’s war in Ukraine is puzzling. This week, while many African leaders stay away, South African President Cyril Ramaphosa is attending a Russia-Africa summit in St. Petersburg along with key ministers. So, why is South Africa putting this important relationship at risk? The US had long treated South Africa with kid gloves, he said, mindful of not risking an important relationship. Officials have denied that anything was loaded up, but the claim is now subject to a sealed South African government inquiry.

Persons: South Africa CNN —, Cyril Ramaphosa, Viktor Vekselberg, Vladimir Putin, Byron Blunt, Chancellor House, Mogopodi Mokoena, Mokoena, UMK, ”, Karam Singh, Steven Gruzd, Reuben Brigety II, Brigety, Mikhail Metzel, Chancellor House’s, Putin, Yuri Trutnev, Konstantin Zavrazhin, Vekselberg, “, “ Mr Organizations: South Africa CNN, Russia, United Nations, Russian Navy, National Congress, Soviet Union, AmaBhungane, Investigative Journalism, CNN, Chancellor House Holdings, ANC, Mail & Guardian, Chancellor House, Corruption Watch, Chancellor, South African Institute of International Affairs, US, South, AP Mokoena, International Criminal Court, ICC, Getty, Treasury, FBI, Renova Group Locations: Johannesburg, South Africa, Ukraine, Africa, United States, Russian, Russia, St . Petersburg, States, St, Petersburg, Cape Town, African, Cape Town , South Africa, Mallorca, UMK, Cyprus, South

SINGAPORE, July 27 (Reuters) - Canada will likely publish the final regulations of a plan to cap and cut greenhouse gases from the oil and gas sector by mid-2024, its environment minister told Reuters on Thursday. Canada, the world's fourth-largest oil producer, lags many global peers in tackling emissions. Prime Minister Justin Trudeau's government sees the cap as a key element to enforce a sharp reduction in pollution from the oil and gas sector, responsible for 27% of the country's emissions. The cap, which envisions limits on emissions or potentially raising the carbon price to incentivise driving down emissions, was first promised in Trudeau's 2021 election campaign. So some CCS probably in the electricity sector," Guilbeault, a former Greenpeace activist, said.

Persons: Steven Guilbeault, Justin Trudeau's, Guilbeault, it's, Sudarshan Varadhan, Susan Fenton, Bernadette Baum Organizations: Reuters, Glasgow Climate, CCS, Greenpeace, Thomson Locations: SINGAPORE, Canada, Trudeau's, Glasgow

LONDON/MADRID, July 26 (Reuters) - Spain's Santander (SAN.MC) is planning to hire around 150 bankers primarily in the United States as part of its plans to accelerate growth in its investment banking business, three sources with knowledge of the matter said. Santander's global corporate and investment banking chief, Jose M. Linares, discussed the plans in a town hall held in New York last week, the sources said. So far, the bank has hired more than 20 senior investment bankers chiefly in the United States, Reuters has reported. Net profit at the bank's global corporate and investment bank rose 16% year-on-year in the second quarter to 899 million euros. Santander employs currently around 8,000 staff at its global corporate and investment bank.

Persons: Jose M, Linares, Ana Botin, David Hermer, Marco Antonio Achon, Corporate Finance Darren Jones, Steven Geller, Jones, Hector Grisi, Grisi, Jesús Aguado, Andres Gonzalez, Elisa Martinuzzi, David Evans Organizations: Spain's Santander, Credit Suisse, Reuters, Banking, Corporate Finance, Linares, Global, Santander, U.S ., Thomson Locations: MADRID, United States, New York, U.S, Spanish, Mexico, Europe, Latin America, Santander, America

☆ Henderson bids farewell to Liverpool after 12 years
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +1 min

July 26 (Reuters) - Midfielder Jordan Henderson said farewell to Liverpool fans in a video posted on social media on Wednesday, confirming his departure from the club after 12 years ahead of a reported move to Saudi Arabia's Al-Ettifaq. The former Liverpool captain will join the Saudi Pro League after Al -Ettifaq paid a fee estimated at 13 million pounds ($16.77 million), according to reports. "It's hard to put these last 12 years into words and it's even harder to say goodbye," the 33-year-old wrote on his Instagram account. He also captained Liverpool to the FA Cup, League Cup, UEFA Super Cup and Club World Cup titles. Henderson will reunite at Al-Ettifaq with former Liverpool team mate Steven Gerrard, who was appointed as a coach on a three-year contract earlier this month.

Persons: Jordan Henderson, Saudi Arabia's, Ettifaq, You'll, Henderson, Juergen, Steven Gerrard, Janina Nuno Rios, Pritha Sarkar Organizations: Liverpool, Saudi Pro League, Al, Sunderland, England, Premier League, FA Cup, League Cup, UEFA, Thomson Locations: Saudi, Anfield, Mexico City

☆ BRICS bank NDB says not considering new projects in Russia
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, July 26 (Reuters) - The New Development Bank (NDB), the multilateral bank set up by the BRICS states, is not considering new projects in Russia as it operates in line with restrictions imposed in financial and capital markets, its head said on Wednesday. Dilma Rousseff said in a statement posted on messaging platform X, formerly known as Twitter, that any speculations concerning the discussion of new operations of the bank in Russia were "unfounded". BRICS countries, namely Brazil, Russia, India, China and South Africa, are scheduled to gather in the African country next month. The BRICS group of emerging countries launched the Shanghai-headquartered bank in 2015. Rousseff was appointed to head it earlier this year by Brazilian President Luiz Inacio Lula da Silva.

Persons: Dilma Rousseff, Rousseff, Vladimir Putin, Putin, Cyril Ramaphosa, Luiz Inacio Lula da Silva, Gabriel Araujo, Steven Grattan Organizations: SAO PAULO, New Development Bank, South, United Arab, Thomson Locations: Russia, Brazil, Africa, St . Petersburg, India, China, South Africa, United Arab Emirates, Bangladesh, Egypt, Shanghai

☆ Brazil inflation down by more than expected in month to mid-July
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, July 25 (Reuters) - Consumer prices in Brazil fell by more than expected in the month to mid-July, data from statistics agency IBGE showed on Tuesday, as markets brace for an interest rate cut when the central bank monetary policy committee meets next week. In Latin America's largest economy, the IPCA-15 consumer price index fell 0.07% in the period, down from 0.04% in the previous month and below the 0.01% drop expected by economists polled by Reuters. That took 12-month inflation in the country to 3.19%, while economists had projected it to come in at 3.26%. The annual figure remains below the central bank's inflation target of 3.25% for this year, although an uptick is expected from this month because of unfavorable base effects. IBGE said the deflation in the month to mid-July was mainly driven by lower housing and food and beverage costs, whose declines were partially offset by an increase in transportation prices.

Persons: IBGE, Gabriel Araujo, Steven Grattan Organizations: SAO PAULO, IBGE, Reuters, Thomson Locations: Brazil

☆ Canada releases framework to phase out inefficient fossil fuel subsidies
▼ + stars: | 2023-07-24 | by ( Nia Williams | ) www.reuters.com time to read: +3 min

July 24 (Reuters) - Canada on Monday released a framework for eliminating inefficient fossil fuel subsidies, making it the first G20 country to deliver on a 2009 commitment to rationalise and phase out government support for the sector. Eliminating fossil fuel subsidies is part of a deal signed between Prime Minister Justin Trudeau's minority Liberal and the New Democratic Party (NDP), formalising NDP support. Climate campaigners Environmental Defence also criticised the framework for not applying to public financing of fossil fuel projects through government-owned crown corporations, such the loan guarantees for the C$30.9 billion Trans Mountain pipeline expansion project. Ottawa plans to release a framework to phase out public financing of fossil fuel projects within the next year. "The Government of Canada must quickly take the final step and end all fossil financing – without any loopholes for fossil gas, fossil hydrogen or CCS," Environmental Defence program manager Julia Levin said in a statement.

Persons: Steven Guilbeault, Justin Trudeau's, Laurel Collins, Collins, Laura Cameron, Julia Levin, Nia Williams, Jonathan Oatis, Grant McCool Organizations: Monday, Liberal, New Democratic Party, NDP, International Institute of Sustainable Development, Trade, Pathways Alliance, CCS, Environmental Defence, Thomson Locations: Canada, Ottawa, Alberta, British Columbia

☆ Brazil's central bank prepares public consultation on cryptocurrency regulation
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +1 min

BRASILIA, July 18 (Reuters) - Brazil's central bank announced on Tuesday its plans to launch a public consultation regarding the regulation of cryptocurrencies in the second half of this year. Specific measures will be taken to limit the risks associated with decentralized governance systems and to prevent investors from being exposed to these assets without appropriate levels of disclosure, said the central bank. The government of President Luiz Inacio Lula da Silva delegated the authority to regulate cryptocurrency services to the independent central bank from June 20. Despite this status, the central bank stressed the need for coordinated action among various regulators, such as the revenue service and the country's Securities and Exchange Commission (CVM). Reporting by Marcela Ayres; Editing by Steven GrattanOur Standards: The Thomson Reuters Trust Principles.

Persons: Luiz Inacio Lula da Silva, Marcela Ayres, Steven Grattan Organizations: country's Securities, Exchange Commission, Thomson Locations: BRASILIA

☆ Motor-biking dog and owner cruise Brazil's streets to help hungry pups
▼ + stars: | 2023-07-17 | by ( Leonardo Benassatto | ) www.reuters.com time to read: +2 min

REUTERS/Leonardo BenassattoSAO PAULO, July 17 (Reuters) - Miguel Pereira de Souza and his dog Ruby zoom through Brazil's sprawling metropolis Sao Paulo on a motor-bike on a mission: hand out free dog food to less fortunate pooches. "I said from today every time I see a dog going hungry, I will donate a portion of food," Souza said, wiping away tears. Once Souza posted videos and pictures on social media of his food deliveries and the street dogs, donations started to flood in. "I had more than 700 kilograms (1,543 lb) of dog food in my living room," said Souza, who has Ruby's name tattooed on his forearm. "This help from Miguel - donating food, water, time and encouraging others to donate - I think is very cool," she said.

Persons: Miguel Pereira, Leonardo Benassatto, Miguel Pereira de Souza, Souza, Ruby, Raja Vidya, Steven Grattan, Brendan O'Boyle, Michael Perry Organizations: REUTERS, Leonardo Benassatto SAO PAULO, American, Thomson Locations: Sao Paulo, Brazil, Paulo, Miguel

"Everyone is expecting a rate cut," Finance Minister Fernando Haddad noted in an interview with RedeTV journalist Kennedy Alencar. Planning Minister Simone Tebet was even more emphatic, saying at an event in Rio de Janeiro that the central bank must start its easing cycle with a 50-basis-point cut. She said high interest rate levels were hurting the retail sector. However, they still diverge on the size of the cut, with 55% of those polled betting on a 25 basis point move while 32% expect a 50 basis point cut. On Thursday, Lula himself renewed calls on the central bank to cut interest rates.

Persons: Luiz Inacio Lula da Silva's, Fernando Haddad, Kennedy Alencar, Haddad, Simone Tebet, Lula, Gabriel Galipolo, Ailton Aquino, Lula's, Bernardo Caram, Rodrigo Viga Gaier, Gabriel Araujo, Steven Grattan, Josie Kao, Frances Kerry Organizations: RIO DE, Finance, Reuters Graphics Reuters, Thomson Locations: BRASILIA, RIO, RIO DE JANEIRO, Rio de Janeiro, Brazil, Brasilia

☆ It is dangerous to buy big tech stocks right now due to valuation, says fund manager
▼ + stars: | 2023-07-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt is dangerous to buy big tech stocks right now due to valuation, says fund managerSteven Glass of Pella Funds Management says the "Magnificent Seven" big tech stocks are the ones driving U.S. markets higher and they look fully valued right now.

Persons: Steven Glass Organizations: Pella Funds Management Locations: Pella

☆ Brazil's Lula says inflation targets too 'rigid'
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, June 29 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Thursday the country's inflation targets were excessively rigid and renewed criticism of the central bank for high interest rates ahead of a meeting that will set its 2026 inflation goals. Lula's remarks came as financial markets closely watch the National Monetary Council's (CMN) meeting later in the day for potential changes on inflation targets, which are currently at 3.25% for 2023 and 3% for the next two years. "Personally I think Brazil should not have such a rigid inflation target if it cannot meet it," Lula said in an interview with Radio Gaucha. "But it's not prudent for me to talk about the monetary council ahead of its meeting." Lula previously hinted at potentially changing inflation targets to increase them and enable monetary policy easing, a move that ended up worsening expectations for consumer price changes.

Persons: Luiz Inacio Lula da Silva, Lula's, Lula, Gabriel Araujo, Steven Grattan Organizations: SAO PAULO, Monetary, Radio Gaucha, Thomson Locations: Brazil

☆ Brazil central bank improves 2023 GDP growth forecast to 2.0%
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +2 min

BRASILIA, June 29 (Reuters) - Brazil's central bank joined on Thursday a wave of recent upward revisions for the country's economic growth this year, guided by a solid first quarter boosted by the agriculture sector. In its quarterly inflation report, the central bank forecasts a 2.0% expansion in gross domestic product (GDP) for 2023, up from the 1.2% estimate in March. The figure came slightly below the 2.18% growth expected by private economists in a weekly survey conducted by the bank and remains weaker than last year's 2.9% GDP expansion. The central bank emphasized that the outlook ahead points to an economic slowdown as the cumulative effects of domestic monetary policy and the influence of global growth deceleration take hold. Regarding bank lending, the central bank now anticipates a 7.7% increase in 2023, up from the 7.6% reported before.

Persons: Marcela Ayres, Steven Grattan Organizations: Thomson Locations: BRASILIA

☆ Brazil's Bolsonaro political fate in hands of electoral court vote
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +1 min

BRASILIA, June 29 (Reuters) - Brazil's federal electoral court (TSE) on Thursday began a third day of hearings in a case against former president Jair Bolsonaro that could see him barred from political office for nearly a decade. On Tuesday, Benedito Goncalves, the lead justice in the case, had voted to convict him for abuse of political power and misuse of the media. Many in Brazil, including Bolsonaro, believe he is likely to be barred from office - a stunning turnaround for a figure who was until recently Brazil's most powerful man. "Everyone seems to say that it's likely I'm going to be barred from office," he told the Folha de S. Paulo newspaper in an interview. Bolsonaro, who was not in court and flew to Rio de Janeiro on Thursday, does not risk jail in the TSE case.

Persons: Jair Bolsonaro, Luiz Inacio Lula da Silva, Justice Raul Araujo, Bolsonaro, Benedito Goncalves, Ricardo Brito, Steven Grattan, Gabriel Stargardter, Angus MacSwan Organizations: Brasilia, Folha, Paulo, Thomson Locations: BRASILIA, Brasilia, Brazil, Rio de Janeiro

☆ Brazil electoral court close to ending Bolsonaro's political career
▼ + stars: | 2023-06-29 | by ( Ricardo Brito | ) www.reuters.com time to read: +3 min

So far three judges have voted to convict the far-right nationalist for abuse of political power and misuse of the media, while one has not. The TSE trial is part of a broader reckoning in Brazil with the fallout from the country's most painful election in a generation. While the former president faces electoral court scrutiny, many of his one-time allies are being questioned by lawmakers in a congressional probe into the Jan. 8 riots. Bolsonaro's best hope at future relevance may lie with his family, including his wife and lawmaker sons, who could also harbor their own presidential ambitions. He told the Folha de S. Paulo that his wife Michelle could well be a presidential candidate in 2026, but said she lacked political experience.

Persons: Jair Bolsonaro, Luiz Inacio Lula da Silva, Donald Trump, Bolsonaro, Brazil's, Tarcisio Freitas, Romeu Zema, Paulo, Michelle, Ricardo Brito, Steven Grattan, Gabriel Stargardter, Angus MacSwan, Conor Humphries Organizations: Brasilia, TSE, Folha, Paulo, Sao Paulo, Thomson Locations: BRASILIA, Brasilia, Brazil, Rio de Janeiro, Minas Gerais

☆ Chile assumes pro tempore presidency of Pacific Alliance
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +1 min

[1/2] A general view shows the inauguration of the 14th Pacific Alliance Summit in Lima, Peru July 6, 2019. REUTERS/Guadalupe PardoMEXICO CITY, June 28 (Reuters) - Chile assumed the pro tempore presidency of the Pacific Alliance on Wednesday, according to a statement published by the group. The decision comes after Mexico refused to hand over the alliance's rotating presidency to Peru, amid an ongoing diplomatic spat between the Latin American nations. The Pacific Alliance trade bloc is composed of Chile, Colombia, Mexico and Peru. "We have always recognized Peru's right to exercise the pro tempore presidency... We have assumed the responsibility of acting as intermediaries to resolve this situation," Chile's Foreign Minister Alberto van Klaveren said in a press conference, adding his country will hold the presidency for a month.

Persons: Guadalupe Pardo, Andres Manuel Lopez Obrador, Dina Boluarte's, Pedro Castillo's, Alberto van Klaveren, Valentine Hilaire, Raul Cortes Fernandez, Natalia Ramos, Anthony Esposito, Steven Grattan Organizations: 14th Pacific Alliance Summit, REUTERS, Guadalupe Pardo MEXICO CITY, Pacific Alliance, Authorities, Thomson Locations: Lima , Peru, Guadalupe Pardo MEXICO, Chile, Mexico, Peru, Mexican, Colombia, American

☆ Brazil census shows population growth at its slowest since 1872
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +1 min

The United Nations Population Fund estimated that Brazil was the world's seventh most populous country in mid-2023. Yearly population growth between 2010 and 2022 reached 0.52%, the IGBE said, the lowest since the series started in 1872. Brazil's population growth has been slowing since the 1960s, which the agency said reflected lower birth rates. Reuters Graphics"In 2022, the annual growth rate has been reduced to less than half of what it was in 2010 (1.17%)," census technical coordinator Luciano Duarte said in a statement. Brazil's southeast continues to be its most populated region, hosting some 41.8% of its entire population or 84.8 million people.

Persons: Luciano Duarte, Gabriel Araujo, Steven Grattan, Emma Rumney Organizations: SAO PAULO, Brazilian Institute of Geography, United Nations Population Fund, Reuters, Thomson Locations: Brazil, Sao Paulo, Rio de Janeiro, IBGE

☆ Chile assumes temporary presidency of Pacific Alliance after diplomatic spat
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +1 min

[1/2] A general view shows the inauguration of the 14th Pacific Alliance Summit in Lima, Peru July 6, 2019. REUTERS/Guadalupe PardoMEXICO CITY/SANTIAGO/LIMA, June 28 (Reuters) - Chile temporarily took over leadership of Latin America's Pacific Alliance on Wednesday after a spat that saw Mexico refuse to hand over the rotating presidency of the trade bloc to Peru. A meeting of the Pacific Alliance trade bloc - composed of Chile, Colombia, Mexico and Peru - set to be held in Lima in December was postponed. Peru will assume the presidency on Aug. 1, the Peruvian foreign ministry confirmed on Twitter. "Authorities reaffirmed their commitment to the Pacific Alliance as a mechanism for political discussion and economic and commercial integration... which seeks to advance progressively towards the free movement of goods, services, capital and people," the statement added.

Persons: Guadalupe Pardo, Andres Manuel Lopez Obrador, Dina Boluarte's, Pedro Castillo, Alberto van Klaveren, Valentine Hilaire, Raul Cortes Fernandez, Natalia Ramos, Marco Aquino, Anthony Esposito, Steven Grattan, Rosalba O'Brien Organizations: 14th Pacific Alliance Summit, REUTERS, Guadalupe Pardo MEXICO CITY, Pacific Alliance, Twitter, Authorities, Thomson Locations: Lima , Peru, Guadalupe Pardo MEXICO, SANTIAGO, LIMA, Chile, Mexico, Peru, Mexican, Colombia, Lima, Peruvian, Mexico City, Santiago

☆ Brazil inflation slows down as c.bank foresees August rate cut
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +1 min

In Latin America's largest economy, 12-month inflation reached 3.40% in mid-June, data from statistics agency IBGE showed on Tuesday, slightly above market expectations of 3.36% but still the lowest since September 2020. The latest figure, showing a deceleration from 4.07% in May, comes as the local central bank said that a majority of its monetary policy committee sees a rate cut in August as possible if the ongoing disinflation process continues. Brazil's IPCA-15 consumer price index, IBGE data showed, rose 0.04% in the month to mid-June, down from 0.51% in the previous month. The index had been expected to fall 0.01%, according to the median forecast in a Reuters poll. Reporting by Gabriel Araujo; Editing by Steven GrattanOur Standards: The Thomson Reuters Trust Principles.

Persons: Luiz Inacio Lula da Silva, Roberto Campos Neto, Brazil's, Gabriel Araujo, Steven Grattan Organizations: SAO PAULO, IBGE, Thomson Locations: Brazil

☆ Brazil central bank signals possibility of rate cut in August by majority view
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +3 min

BRASILIA, June 27 (Reuters) - Brazil's central bank signaled on Tuesday that a majority of its policymakers see a possibility of initiating a "parsimonious" rate cut at its next meeting in August, provided that a more benign inflation scenario is consolidated, while a minority adopts a more cautious stance. Although it adopted a more moderate tone by excluding the possibility of rate hikes from its policy statement, the central bank refrained from signaling monetary easing at its next meeting in August last week, pointing instead to a data-dependent stance. The communication drew criticism from President Luiz Inacio Lula da Silva, ministers, and some market participants, who expected a notable shift in the bank's tone due to lower-than-expected inflation, a stronger currency, and easing inflation expectations. The central bank stressed in the minutes that inflation expectations declined slightly, but remain deanchored from official targets, partially due to the questioning about a possible change in future inflation targets, adding that "decisions that reanchor expectations can lead to faster disinflation." The National Monetary Council, consisting of the Finance Minister, Planning Minister, and central bank governor, will convene on Thursday to confirm the 3% inflation targets for 2024 and 2025, and set the official target for 2026.

Persons: Copom, Luiz Inacio Lula da Silva, Fernando Haddad, Marcela Ayres, Steven Grattan Organizations: Monetary, Finance, Planning, Thomson Locations: BRASILIA

Search resuls for: "Steven G"

25 mentions found