Thursday, March 24, 2011

Brazil federal debt up in February on net issue

* Federal public debt up 2.8 pct in February
* Net debt issuance totals 27.25 billion reais in February

Tuesday, March 22, 2011

Brazil Feb Tax Revenue Hits BRL64.14B, Up 9.84% Vs '10

BRASILIA (Dow Jones)--Brazil's tax collection continued to rise at a strong pace in February on still-robust economic activity early in the year, the country's federal tax department reported Tuesday.

The government reported revenue rose 9.84% in real terms from February 2010, to 64.14 billion Brazilian reals ($38.63 billion).

Thursday, March 3, 2011

Brazil, Colombia may be upgraded by summer-Moody's

NEW YORK, March 3 (Reuters) - Moody's will decide whether to raise Brazil and Colombia's credit ratings before summer, while Peru is on a "steady path" for more upgrades in the next few years, analyst Patrick Esteruelas said on Thursday.
Brazil and Colombia both have a positive rating outlook from Moody's, and an upgrade would put Colombia in the coveted group of countries with an investment grade status.
Brazil's upgrade from its Baa3 rating will depend on the new government's ability to reverse a "spending binge" by former President Luiz Inacio Lula da Silva in 2010, Esteruelas said.

Brazil’s Central Bank Says Increase to 11.75% Part of ‘Adjustment Process’

Brazil’s central bank signaled it will raise the benchmark interest rate for a third straight meeting next month, after pushing borrowing costs yesterday to a two-year high to cool inflation.

Policy makers raised the overnight rate to 11.75 percent from 11.25 percent in a unanimous vote, saying the decision was the “continuation of the adjustment process.”

Monday, February 28, 2011

Brazil inflation forecast rises for 12th week-poll

* forecast rose to 5.80 percent
Feb 28 (Reuters) - Economists raised their forecasts for the rise this year in Brazil's benchmark IPCA consumer price index for the 12th consecutive week, according to a weekly central bank survey.

Wednesday, February 23, 2011

Brazil's tax revenue hits record high for January

* Brazil posts record tax revenue in January
* Strong result due to industrial output, higher sales

Wednesday, February 16, 2011

Brazil focused on real-denominated yield curve

* Brazil to add liquidity to dollar-denominated benchmarks
* Aims to consolidate long-end of interest-rate curve