UPDATE 1-Slowing growth, inflation give Brazil central bank time to be patient on rates -minutes

(Adds detail, quotes, context) By Jamie McGeever BRASILIA, March 26 (Reuters) – Brazilian economic growth has slowed more than anticipated this year and inflationary pressures have eased, minutes of the central bank’s last policy meeting showed on Tuesday, suggesting policymakers are in no rush to raise interest rates. While the Brazilian recovery remains on a “gradual recovery path” and downward […]

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US To Designate Brazil As Major Non-NATO Ally

US President Donald Trump announced that he plans to designate Brazil as a “major non-NATO ally”. The move reflects Washington’s commercial interests in the Latin American market where China earned major gains in recent years, and political interest in Brazil’s neighbor Venezuela. Trump announced the major diplomatic move in a White House news conference jointly addressed by him and his […]

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Emerging markets like Brazil contribute positively to long-term real returns: GIC

SINGAPORE – Singapore’s sovereign wealth fund GIC has significant exposure to emerging markets, and views them as positive contributors to long-term real returns, said its chief executive Lim Chow Kiat. At the 5th anniversary celebration of GIC’s Brazil office last Thursday, he highlighted the opportunities that emerging markets offer, adding that they make up over 20 per cent of GIC’s […]

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Brazil’s Military Keeps Dialogue Open With Venezuelan Generals

Brazilian Armed Forces maintain an open communication channel with Venezuela’s military even though Brasilia no longer recognizes Nicolas Maduro as president of the neighboring Latin American country, according to Brazil’s Defense Minister. “It’s always useful to maintain this channel,” General Fernando Azevedo said at an interview in his office. “It’s part of the military diplomacy.” The dialogue is held through […]

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Citi to double Brazil commercial bank unit's assets by 2020

SAO PAULO (Reuters) – Citigroup Inc plans to double its Brazilian commercial banking unit’s assets by 2020, thanks to growth in loans to mid-sized companies, department head Antonio Rubens told journalists on Monday. The bank’s commercial unit has roughly 5 billion reais ($1.34 billion) in assets, out of 75 billion reais for Citi’s Brazilian operation as a whole, most of […]

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