UPDATE 1-Brazil central bank sees inflation peaking in Q2 2019

(Adds details of minutes, context) By Bruno Federowski and Marcela Ayres BRASILIA, Nov 6 (Reuters) – The Brazilian central bank on Tuesday forecast that inflation is likely to peak in the second quarter of 2019 before easing towards its target, adding that underlying inflation was at “appropriate” levels. This would suggest that a recent upswing in inflation past the midpoint […]

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Asian Markets Mixed Amid Cautious Trades

Asian stock markets are mixed on Monday, with some of the markets giving up early gains after Chinese stocks declined more than 1 percent in morning trade. The markets had opened mostly higher despite the weak cues from Wall Street Friday amid worries about corporate earnings results and global economic growth. Investors also digested news that far-right presidential candidate Jair […]

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Brazil's Bolsonaro might keep agriculture, environment ministries apart

SAO PAULO (Reuters) – Brazil’s President-elect Jair Bolsonaro said on Thursday his future administration may keep the agriculture and the environment ministries separate, backtracking from a proposal to combine the two that had alarmed environmentalists. “We had an idea to combine the ministries but it seems both will remain separate, with one person focusing on environment protection,” he said during […]

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Testy talks, tangled taxes: Amazon's slow push into Brazil's retail jungle

SAO PAULO (Reuters) – Amazon.com Inc is struggling to ramp up its operations in Brazil, a promising market that so far has proven difficult for the world’s largest online retailer to crack, according to nearly twenty people with knowledge of the situation. Challenges include the nation’s tangled tax system, complicated logistics and testy relations with some prominent vendors, who say […]

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Brazil's environment, agriculture ministers criticize planned merger

BRASILIA (Reuters) – Brazil’s environment and agriculture ministers on Wednesday criticized President-elect Jair Bolsonaro’s plans to merge their departments, saying it would hurt the country’s agenda on both fronts. Bolsonaro has pledged to roughly halve the number of existing ministries in an effort to reduce bureaucracy and government bloat. He also vowed to merge the planning, finance and industry ministries […]

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Brazil judge Moro undecided on role in Bolsonaro's cabinet: sources

SAO PAULO/BRASILIA (Reuters) – Sergio Moro, a corruption-busting judge, has not yet decided whether he will accept an offer to serve as justice minister in the government of Brazilian President-elect Jair Bolsonaro, two people with knowledge of the matter said on Wednesday. A columnist for Estado de S. Paulo reported on the newspaper’s website on Wednesday that Moro will accept […]

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Brazil's Bolsonaro to meet with President Temer next week

Related Coverage Bolsonaro's party head says new Brazil cabinet to be announced Monday RIO DE JANEIRO (Reuters) – Brazil’s President-elect Jair Bolsonaro will travel to Brasilia to meet with current President Michel Temer on Tuesday next week, his future chief of staff Onyx Lorenzoni said. Proposed economy minister Paulo Guedes, speaking in Rio de Janeiro alongside Lorenzoni, said it is […]

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Brazil's Bolsonaro targets 'lying' press, wants crusading judge as minister

SAO PAULO (Reuters) – Brazilian president-elect Jair Bolsonaro has revisited his most contentious campaign promises, calling for looser gun laws, urging a high-profile anti-corruption judge to join his government and promising to cut government advertising for media that “lie.” In interviews with TV stations and on social media, Bolsonaro, a 63-year-old former Army captain, who won 55 percent of Sunday’s […]

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Brazil's Bolsonaro threatens to remove government ads from 'lying' media outlets

SAO PAULO (Reuters) – Brazil president-elect Jair Bolsonaro said on Monday he would withdraw government advertising from media outlets he deemed to be “lying”, keeping up pressure on critical outlets after winning the weekend’s presidential election by a landslide. In an interview on Globo TV’s national evening news, Bolsonaro also said he would like cruscading anti-graft judge Sergio Moro to […]

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