Brazil's state-controlled oil company Petroleo Brasileiro SA has selected four groups for the second round of bidding for four refineries up for sale, including China's Sinopec, Abu Dhabi's state investor and two Brazilian firms, according to four people with knowledge of the matter. RTRS
Brazilian President Jair Bolsonaro claimed on Friday that Hollywood star Leonardo DiCaprio financed fires being set in the Amazon rainforest, without presenting any evidence, the right-wing leader's latest broadside in casting blame over forest fires that have generated international concern. RTRS
SÃO PAULO -- Brazil's economy grew at the fastest pace in six quarters in the three months through September, as record low interest rates spurred consumer spending and investment.
Brazil's gross domestic product expanded 0.6% in the third quarter from the previous quarter and 1.2% from the same period a year earlier, the Brazilian Institute of Geography and Statistics, or IBGE, said Tuesday.
In the second quarter, GDP expanded a revised 0.5% from the previous three-month period and 1.1% from a year earlier.
The faster growth comes as declining inflation has led to unprecedentedly low borrowing costs. The Brazilian central bank's benchmark lending rate is now 5%, compared with 14.25% three years ago, and the bank has signaled another half-point rate cut next week at its last policy meeting of 2019. RTRS
El Banco Central de Brasil rebajaría su tasa de interés a un nuevo mínimo de 4,50%, según un sondeo de economistas consultados por Reuters, pero datos económicos más robustos que lo esperado sugieren que este sería el último recorte del ciclo. Lee más:
Brazil's central bank cut its benchmark Selic interest rate to an all-time low of 4.50% on Wednesday, but indicated that with borrowing costs so low and economic growth starting to pick up, it may mark a pause in the easing cycle, if not the end. RTRS